Bearishguy3jan

Bearishguy3jan

rejection of weekly support closed below vwap time frames 4hrs 1dAY WEEKLY

Bearishguy3jan

level 10300 is where the stock is struggling to break and is been rejected level 10250 is a fib level on daily time frame 61.8 per if level 10250 breaks then the stock can go down till 9940(not in a day but in this week) but if tomorrow get bullish then and breaks the level 10380 umm take 10400 thats better we can possibly see a uptrend move

Bearishguy3jan

bajaj fin may form a head and shoulder pattern on a daily chart wait for the neckline break

Bearishguy3jan

if price take support at trendline and breaks the wvap with an engulfing pattern go long if price break the support then go shot \ under my view short tarde after support break will be a better trade well lets be prepared for both plus look into nifty IT before taking any decision

Bearishguy3jan

we have reason to sell it at an important level and taking trendline support and if the stock breaks the level and then break the support of 1260 then short it upto the next levels marked also those levels are the Fibonacci level 50 per and 61.8 levels happy trading

Bearishguy3jan

nift IT is in a down trend wipro is at 21 day moving avg best time to enter wait for the trendline break and support break and closing of 1hr candle for swing note = I post this ideas to maintain my trading journal and have a track record please give suggestions and remarks that would help me to become a better trader

Bearishguy3jan

IF 3046N LEVEL BREAK

Bearishguy3jan

LONG IF RESISTANCE BROKE AND RETEST IT AND NIFTY AUTO IS POSITIVE

Bearishguy3jan

price formed a bullish marabuzo at weekly levels and stock is in uptrend

Bearishguy3jan

WAIT FOR FLAG BREAKOUT WITH VOL

Bearishguy3jan

PRICE BOUNCED TO A WEEKLY SUPPORT LEVEL WITH GOOD 21 MA SUPPORT AND VWAP SUPPORT

Bearishguy3jan

WEEKLY RESTANCE GOT REJECTED AND PRICE BELOW VWAT RISK TO REWARD 1:1.45

Bearishguy3jan

after a strong bull run the stock needs some retracement the idea is to capture the retracement 1. pin bar rejection 2. rsi overbought will enter after closing of red candle tomorrow if there is any now for the target 38.2 retracement and if that breaks 50 per retacement few points above 644

Bearishguy3jan

we can se a valid flag and pole waiting for the breakout with volume 2980 entry 2820 break sl 2660

Bearishguy3jan

my plan is to trade short if it breaks and close below 23.6 fib level and my take profit is 50 per fib level and sl 145

Bearishguy3jan

as we can see the market was in a range bound zone now it has given a breakout and is testing the next resistance if it holds the level then i will go long my sl will be 21 day moving avg if it did not sustain it i will wait till the price reaches to 1.22030 and i see a bullish candle pattern i will go long till the next resistance level

Bearishguy3jan

rsi stochastic vwap are indicating sell but as we can se the price is on uptrend and even if we short it on monday it will face a strong support at 21 day moving avg i m a bit confused shall i shot it or wait for the price to reach at the bottom of the channel and buy it?

Bearishguy3jan

this is in continuation of the earlier post as we can see a strong support and trendline support at the entry i am going bullish on the trade my stoploss is the dotted line fab retracement level added strength to my analysis my target is next fab retracement level and the further one ie 38.2 %n and 23.6% thats all for now will update later