Classic definition of a bull market is the market having a structure representing higher lows and higher highs . But when the market breaches a significant swing low, it also breaks the bull market structure. Why are Swing Lows important? While most of the long to medium term smart bulls enter at swing lows, many swing traders and medium to long term investors...
I am surprised to see how this simple strategy could yield such handsome return in the Index futures. Time Period= 1 June till date Chart= 15 min. Rules: 1. Divergence on Stochastics associated with inverse price movement 2. Entry @ break above/below immediately preceding "minor" swing high/low 3. Stop @ below/above immediately preceding "significant" swing...
Setup- Pullback into High Probability Buy Zone Entry- 197-199 SL- 194 T1- 205-206 T2- 210 Risk capital- 1-2% Hit like if u agree Thanks.
Observation: BN just shy off touching the upward sloping trendline (thick green line) and trending higher. Assumption: As it is clearly visible from the chart that BN has moved out of the downward sloping channel1 and has entered into an upward sloping channel2, the uptrend seems to have been continuing itself. Strategy: The strategy now would be to buy the...
Just shot out of falling trendline with positive Stochastic divergence on Hourly charts. Signalling positive in near future. Aggressive traders may enter at current price while other can wait for a pullback. Short term resistances# are highlighted So manage your trades accordingly. Thanks #Consider resistance levels as zones and not absolute values.
Setup: Range Play Rationale: Divergence on Stochastic; demand emerging at the lower end of range Entry: 1432; SL: 1424 Target: 1450 Risk capital: 1-2% Thanks
Nifty juuuust kissed the levels 9530-9550 (touched 9560), mentioned in my earlier post ( refer ) before jumping out of the downward sloping channel with a breakaway gap. Views on the downside: On a personal note I expect some more twists and turns still left to be unfolded on the downside, we may call it consolidation or shake off. A close and continuation...
The stock moved out of the triangle pattern on the hourly chart, made a high of 525.65 and has been consolidating since then. On the hourly chart the price action is indicating that the stock might pullback below 521 level before continuing the up move. Reasons being: 1. Lot of volume effort at the 521-526 level with little action on the upside. 2. Secondly,...
If range breaks then above 482.30 it would be an easy n quick move up to 485.60 Just manage the trade wisely.
In my previous posts I anticipated bullish move from 23460 zone upto 23836, target for triangle (ABC) breakout pattern (refer ). The expected 1:1 targets could not reach rather we have been facing a pullback D-E which is 61.8% of upmove B-D. From E the index took a nice bounce and has reached again to the 23460 zone, point F, which supposedly would act as a...
Developed by George Lane in 1950 – Stochastic (SO) is a momentum oscillator, that is, it follows the momentum of price. Its value oscillates between 0 to 100. The general interpretation of SO is that stock is overbought when SO value is above 80 and oversold below 20. But to what extent this interpretation is correct? Let’s find out. I am taking State Bank's...
DLF had a beautiful rally from 100 to 215. Thereafter it corrected sharply (0-A) up to 170 retracing 38.2% and found some support. If the pullback after 0-A is an 'a-b-c' wave, then more pain might have left. The correction can take the stock up to 158-160 (50% retracement) and 144-140 zone (61.8% ret. as well as 100% extension of 0-A). So Is that a clear...
This is the continuation of my previous long term analysis on Aurobindo As expected Aurobindo took nice support at 580 and rebound sharply upto the falling trendline of the downward sloping channel. Volume-Spread: As expected stock seems facing resistance near 620-630 levels. The volume however is declining. Stock had a huge volume at 'a' but long wick at...
A simplest way to earn money in the stock market is to buy low-sell high or sell high-buy low but perhaps it is the most difficult principle to apply in practice. It can be observed that Nifty has been moving in a downward sloping channel. Today, it retraced exactly from the channel resistance line. Perhaps we may see many ups and downs as Nifty bounces off from...
I am expecting down move B to be as large as move A, that takes us to 61.8% retracement of the last bull move. Aggressive traders may short at current price. Others may wait for pullback up to 454-456 as a sweet stop to short (after confirmation). Targets would be 443-444 SL 461 Never risk more than 1-2% of your capital on a single trade. Do Like, share and...
503-506 has been acting as nice support zone Try long with SL at 504 with Target up to 520 level. Try lower time frame chart for better entry near 509-510 Try pullbacks.. refer Never feel shy of accepting when you are proved wrong. Dun risk more than 1-2% of your capital in a single trade. Thanks
Bank Nifty retested the support area twice and bounced nicely. You can try long. SL 23430 T1 23680-23690 T2 23830-23840 # Wait for better entry point if you already missed the trade. Read my previous post on how to play pullbacks for better understanding Never risk more than 1-2% of your capital on a single trade. Thanks.
As can be observed that the stock has been bouncing from supports and retracing back from resistance. Currently it is at resistance levels. Those who were interested in support resistance play sold at resistance this time also. It would be interesting to see how stock behaves near the "Quarter Moon" Support levels.