ASIANPAINT gave breakout on Friday but it moved conservatively throughout the day but closed with good volume. This can be good candidate for long on Monday above 1620 & 1630 (safe traders). It can see 1650 levels if this sustains and market has bullish bias on Monday. Price action trading is a process of using price to analyze stock possible movement. Keep your...
COLPAL has broken from 3 week long trend line and closed just above it making it strong candidate for early morning trade. Long can be done above 1362 & 1368 (safe trader). Possible targets are 1384, 1394 & 1400 Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on...
HEROMOTOCO is trying to break its 2year long TL for 6th time. For intraday its good opportunity to enter above 2440 & for swing only if it sustains above 2485 on hourly candle. Market are very volatile these days, either hedge your position or take intraday trades We follow simple price action process to trade short with high probability. Price action is...
M&M has broken long term trend line with solid bullish candle and volume. If his sustains above 500 in Monday's session, then it should move toward 550/570 targets in coming days/week. Market are very volatile these days, either hedge your position or take intraday trades We follow simple price action process to trade short with high probability. Price action is...
TATACONSUM has been taking continuous support on trend line which makes it weak and probable to break. 374 is good level if breached for shorting. We follow simple price action process to trade short with high probability. Price action is trading process and it does not need any indicator and works well. All that is required to master this skill is knowledge of...
ACC is taking support around 1240 multiple times and same level has acted resistance in past. If ACC falls below 1240, then it will be good for short. Nearest support is as 1220 so this can be good RR trade. We follow simple price action process to trade short with high probability. Price action is trading process and it does not need any indicator and works...
TVSMOTOR is testing lower end of bearish flag pattern and if market is bearish on Friday then can be high probable setup for shorting. Short to be initiated below 329.7 with targets around 325, 321 & free fall. There is possibility of retracement as well. We follow simple price action process to trade short with high probability. Price action is trading process...
STAR is nearing its long term support level of 395 and has already broken psychological support of 400. If this trades below 395 on Friday, then can present good opportunity to short. We follow simple price action process to trade short with high probability. Price action is trading process and it does not need any indicator and works well. All that is required...
BANKNIFTY was given for long today above 20650 at 12:02PM when it was trading at 20622. Reason for trade was Fibonacci & trend line analysis. Soon enough BANKNIFTY started to move slowly but smoothly & made high of 21196 (550 points). Please note only reason why I post these charts is to show how simple you should keep your charts. Plus it is possible to analyze...
BAJAJFINSV was my pick today (along with MCX) for long and it was alerted at 9:58AM to go long above 4862. It was trading at 4842 when it was notified. It took around 1hour to trigger but it was worth the wait as 2 BAJAJ brother were on fire today. It sailed seemingly from 4862 to 5238 (374 points). Although it is not possible to predict exact top for a stock so...
MGL is looking good for long above 980. It has long term resistance at 985, if this is broken then it has possibility of good move. This study is purely based on simple support & resistance analysis. Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good...
BAJFINANCE is near long term resistance at 1980. If it sustains this level then it can go to 2045-2055. If market sentiment is positive on Monday, then it will high probable setup. This study is purely based on simple support & resistance analysis. Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from...
SBILIFE is making higher high and has closed near important resistance. Above 781, this looks for long. This study is purely based on simple support & resistance analysis. Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results. If you wish to learn...
PFC is a weak stock and it was successfully trade last week as well when it broke our support line. Now this is getting ready for another move if it breaches 74. Must have for watchlist. Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results. If you...
STAR is has long term support at 395 and is good candidate for short below 394.5. 385 is nearest support if it fall and this can be achieved in a day or two. If market is bearish then it will be added advantage for this trade. This study is purely based on simple support & resistance analysis. Price action is very simple to understand and main focus is...
BAJFINANCE was given for long at 10:21 AM above 1954 (CMP was 1940). Soon enough in next 3 min it was triggered and moved smoothly to 1980 in next 20 mins. Resistance area was updated to student group at 1975-80 and stock reversed from same level (highlighted by pink line). This level of 1980 was there in my previous chart as well, posted 2 days ago. Detailed 3...
BALKRISHIND was given for long at 11:02AM above 1097 when it was trading at 1095. It took considerable time to break out unlike most recommendations but it was worth the wait. As I was occupied my day job, was not able to track and update on new levels as I have informed earlier as well that breakout levels change with time. Since this breakout took 3 hrs, new...
BAJFINANCE was given for long at 10:29 when it was trading at 1841 and soon after in next 10 mins it jumped to 1889. Although I booked at 1884 but target was notified at 1910-20 and it slowly moved its way to target and beyond creating high of 1941. Detailed 5 min chart which was used for this simple price action analysis is below. There were many other...