NFL trade ideas
NFL 87 DAYS VCP PATTERN FORMATIONNFL 87 DAYS VCP PATTERN FORMATION can blast once the trendline breaks
Buy range: 75 to max 5% from trendline breakout (NEVER CHASE A STOCK)
SL: Max 8% (NEVER RISK MORE THAN 8% ON A TRADE)
Target: 20-25%
Edu Post: Double Bull Trap in NFLThe stock of National Fertilizers Limited (NFL) has exhibited a 'double bull trap' as shown in the 75min chart. The first time bulls were trapped on 12 May at morning highs in the range of 72.5-73.5. The trap was laid further the second time with another gap up crack on 20 May with 72.5 high.
Imagine the plight of the folks who bought at these zones. They will be looking to sell at the first go if the stock comes in this range again. Thus, we can see quite a bit of overhead supply in this zone.
It goes without saying that if this overhead supply is consumed, a major bullish breakout can be seen.
Note: This is an edu post and not intended to make any specific calls.
NFL IS forming cup with handle pattern.NFL IS forming cup with handle pattern.
I forgot to share the stock on 11. it gave a buy signal on 11.
It is getting ready to blast.
Target is mentioned in the chart
Only for Educational and Learning Purpose.
anticipating a breakout from cup and handle patternAll the levels are mentioned on the chart.
Monsoon is also expected to be good this year.
I am new to technical analysis so feedbacks will help me
NFLThe price has given a breakout and may retest at trendline, looks good for a swing trade. "Educational purpose "
NFL Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Confluence trade on NFLAfter a good upward move day before yesterday, the stock has retested to its 0.5 Fibonacci level and is also at support. A downward trend is also broken.
Taking all these reasons into account, there is a good possibility for it to go upward for the target of 65 .
Confluence trading is basically having multiple reasons to enter into a trade with confirmation.
Please like and share!
Happy trading :)
Target 1 (43%) achieved. Target 2 is ON...This is follow-up on National Fertilizers Limited. Can check link to related ideas.
Target 1 achieved. More than 43%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
long NFLBroken 3 year resistance and flip level
with volumes
BROKEN OUT MONTHLY TYPICAL HEALD AND SHOULDER
NFL Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
