pradeep is in gud RRRPradeep gives a trandline breakout.
favourable to go upside with gud RRR
Buy at cmp 62
SL should be below 60 on dclbs
tragt 68
RRR 1:4
PARADEEP trade ideas
Paradeep Phosphates add to watchlist.Paradeep phosphates is moving in ascending triangle and there is still space for volatility compression. One should wait for trendline breakout for an upmove or breakdown from support levels for a downside.
pradeepphosphate buy callbuy @65
tgt-75\100\150\300
buy @65
tgt-75\100\150\300]
buy @65
tgt-75\100\150\300
SHORT TERM BUYING OPPORTUNTITY IN PARADEEP PHOSPHATES!!Symmetrical triangle pattern is formed in paradeep phosphates in 15 mins time frame.
short term buying positions can be initiated!!
Paradeep phosphate is looking goodParadeep phosphate is looking good. one can look for a target of double from here.
My idea is for educational purpose.
Bullish pattern Stock retesting from their support zone, and moving upside with volume giving indication to move upside will continue.
Pradaeep Phospates-poised for breakoutPost IPO, the stock had moved and corrected from September and has given breakout of trend line with volume.
The stock has given breakout on hourly chart with retest but need to confirm the same on daily chart for swing trade.
If retests trend line and moves up, 1st resistance will be 62.5, followed by 65.25 and 72 being major resistance as per Fib levels.
Added to watchlist
PARADEEP | Short Term trade opportunity with good RRRShort - Term Trade opportunity.
CMP: ~ 58.70 ( Buy @ ~ 59)
SL: ~ 53.55
Target: ~ 75.40 | ~ 88.20 | ~ 108 | ~ 188 ( Swing traders can exit @ 82.50)
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
Third waveThis is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.
1. As long as prices move is contained by deceleration channel( parallel channel ), the price action is countertrend, and once complete, it will be more than fully retraced.
2. The upper boundary line of base channel supports the fourth wave at either the upper boundary line, midline, or lower boundary line.
3. As soon as wave 4 is in place and price broken above the upper boundary line of deceleration channel, draw the final channel, the Terminating channel to identify resistance for wave 5. That's how the channeling technique works.
By Jeffry Kennedy
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
Paradeep Phosphate Paradeep Phosphate
A engulfing candle and after that stock become sideways on lower time frame
Keep on radar
Stock in UptrendPARADEEP Cmp 66 stock in uptrend good for long term can add deep till 59 target open support at 55
Typical Example of bullish 🏳 pattern.Increasing Volume + bigger than usual bullish bar closing near the top = uptrend = pole of the flag.
Sideways consolidation = Forming flag part of bullish flag= confirmation by decreasing volume.
Breakout confirmation by increasing Volume..
Estimated Target= length of the pole of the flag..
SL below the low of breakout candle..
Education purpose..
