AKmillionaire

AKmillionaire

On chart

AKmillionaire

Obs on chart

AKmillionaire

Not taking a trade blindly will save us from losses. Better to go on weekly / daily TF for finding the entry & trade setup

AKmillionaire

BankNifty - bearish - target gap filling ?? levels on the chart

AKmillionaire

Either a BreakOUT or a breakDOWN after tight consolidation zone break is necessary

AKmillionaire

Observations on chart

AKmillionaire

How to use the technicals to make money ? 1. 300 to 340 can be a good accumulation zone 2. Buying a stock with SL (DCB) of 245 for mid term can fetch good returns 3. Ultimate target is 600+ IMPORTANT : Maximum allocation Risk of 2% of trading capital OR 10% funds of total portfolio funds Whichever is lower

AKmillionaire

Observations : Weekly structure : bullish Monthly structure : bullish Risk of 9/10pts Reward (possible) of 6/30 pts A VERY GOOD TRADING OPPORTUNITY

AKmillionaire

Levels on chart

AKmillionaire

HeroMoto is giving a bearish indication on various parameters. 1. In a strong supply zone. Unable to sustain at those levels. 2. Negative RSI divergence (Mere RSI divergence is not a trigger for a trade, but in combination with other factors, it acts as an additional trigger) 3. Probable Trendline break, on downside 4. Head & Shoulder pattern under formation....

AKmillionaire

trade idea based on observations : Buy around 5250/5240 with SL at 5160 for targets of 1.5x or 2x reward to risk DYOA

AKmillionaire

Have clearly mentioned 3 signs of bullish reversal, that’s the backbone of this trade setup. We should look for 2+ confirmations before taking up a trade or finalising the trade setup. This is a weekly TF setup and represents a 2 months to 12 months view. Not a buy recommendation, simply trying to list down my observations. DO YOUE OWN ANALYSIS.

AKmillionaire

A decent breakdown followed by bearish flag If flag low is taken out..smooth move downwards

AKmillionaire

Probable trading opportunity : buying around 560/670 with SL at 530 (day close) for targets of 830+, 1000+

AKmillionaire

Might bounce back from this level. Good volumes.

AKmillionaire

Looks like a tired stock. (based on monthly TF) If you're holding it, day close below 459 could be the SL zone. (+/- 2%) If you want to add, better to add after break above 590. 700+ can be a mid term target. if it keeps on consolidating near 50WMA and breaks above 570 with good volume, can fetch good returns for a short term swing position.

AKmillionaire

It's a company with good fundamentals.

AKmillionaire

looking weak on higher timeframes might give us an intraday shorting opporutnity