The exact same setup which worked on Nifty, Perfectly You see, only bcos I anticipate Upside move, this one will fail :) Taking Long Trades in Tatasteel is strictly not advised !
Directionless on Direction : Are we predicting the directions here ? Absolutely not, then that arrow pointing down ?! Hmm, As Market has went up earlier when it was in bull run, its ideal expectation that , in a downside move it will move further down ( Check Left n Right Consolidation ) . All fine if it breaks downside & moves as we wished, but what if it...
i) There is inner range breakout 15mins available, if it breaks to downside, huge potential trade & instead if it breaks up it can turn out to be false breakout, as this will be early break on 1hr range. ii) Either you can wait for the 1hr range to complete as per the lines, may take 2-3days also & Enter the hourly breakout iii) If aggressive, entering...
We already had failed setup on SBI, during RBI day though we caught the direction of breakout right, markets later moved up clearing our stops & eventually went far more than our targets. This happens all the time, but what we feel is SBI doing it for you alone, No it isn't so. Right now, we are having triangle formation, i) As 282's zone retest expected, we can...
i) If 9590's broken, another 15-20points move to downside then reversal to upside ii) if Bullish breakout happens around 9640's, I feel it will be good breakout iii) But looks like we will tease with triangle lines today without proper direction
This chart is not for you :) Its only to show, even if I fail at repeated attempts, My Plan remains same :)
I'm expecting downside move in Ajanta Pharma, if your trade setup also confirms the same, check with your risk n enter !
Wait till the moment you get bullish reversal & when it happens just seize the opportunity. Don't get hopes high also, bcos even after bullish reversal , we may feel we are in winning trade once orders are triggered but scenes may change drastically. I feel the chart is very simple today, if any specific queries drop in.
Happy Monday Guys ! We are waiting for the long positions in Nifty once its in our zone & on confirmation looking for long. If we get struck in zone for the day or if there is no clear confirmation, don't get into trades. For positional traders the trend didn't emerge clearly, to be more precise intra trades making more points than positional for past 1 month,...
Right on Fib lines with Good Breakout to upside ( sizeable volume ), pretty risk-reward : So Longs in Cipla ?!
Some will decide this is a Harmonic Pattern, but it depends on how you choose to Harmonics for few, its a pattern & for others it's not For Me whether its valid Pattern ? Valid pattern but non-usable. Same as yesterday, I won't be available either to reply comments / update / or PM's & please adjust with short notes again :) Happy Weekend :)
Escorts : Trendline Break Upside, take care of your stops & Enter only on valid confirmation.
i) The highest possible scenario being Gap up around or just above channel then coming down in range ii) if it all it breaks the channel & participants interested in ending Nifty above 9500's we will be closing around 9560's I'm on run now, have few tasks scheduled on priority, so please adjust with short description :)
Though we can't call it as perfected inverted head & shoulders to a certain extent , for the purpose of trade setup it appears to be valid pattern. Here we are aiming at 1840's in Ceat but depending on price action around that zone we may have chance for shorts or another extended bull move. But let's finish off with head & shoulders (inv) first, then we will...
i ) Look for channel upside break book target around 680's ii) On Bearish confirmation, short again around 680-685's towards 650's iii) As price action is bearish there are chances for false break on upside then to down, for potential double bottom at 650's so be quick to reverse
We had very good fib support, breakout of trendline resistance which is happening right now, so expecting sun pharma to reach around 555's & 560's as final target. If you want to squeeze out every single point trial very aggressively after 560 for 565's zone.