Piyush-Gupta

Piyush-Gupta

VOLTAS was given for short below 453.3 at 10:29 based on pure support & resistance study. It was triggered 10 mins later and provided decent opportunity to enter as it hovered around that level for few mins. It made low of 458.7. My target was S1 (support of standard pivot point). *****Please note I didn't take any trade yesterday as I was occupied with my day...

Piyush-Gupta

VEDL was given for short at 90.9 at 10:15AM (it was trading at 91.4 that time). Logic for trade was break of long term support (ping line). VEDL had news today and I usually avoid news based trading as I am low risk price action trader. Still setup was too good to ignore. Below 90.9, next target was its previous close at 89 but VEDL continued its move till 88.5 (I...

Piyush-Gupta

Today we only trade one stock as I am not keeping well and not able to study charts. But fortunately LALPATHLABS caught my attention and it was given for long at 12:15PM above 1575.2. It gave breakout at 12:55 with revised level of 1569 and moved to next TL resistance at 1582. It was easy fishing based on 15 min analysis which was shared with group. Lower TF chart...

Piyush-Gupta

NIITTECH was given for long at 10:25 AM when it was trading at 1432. NIITTECH was moving very close to important resistance line (pink) & was on my radar. As soon as it closed on 3 minute with strong bullish candle, It was given for long. In next 7 minutes it moved to 1466 from 1432. Lowe time frame chart to explain logic is below. I captured 22 points and exited...

Piyush-Gupta

SBILIFE has given BO from long term trend line (TL) and also forming Cup with Handle pattern. It has long term resistance at 775. 2 trading strategies 1. Long above previous day high for 773-775 target 2. Long above 775 (safe traders) Always do simple price action analysis to easily understand your entry & exit and get better with practice. If my chart helps in...

Piyush-Gupta

TATAMOTORS is trading in a channel & has respected both upper & lower TL 3 times. Now it is at decision point of BD/BO. This can be traded both ways. Short below 80.4 for target of 78.5. Go long only above 83+ Always do simple price action analysis to easily understand your entry & exit and get better with practice. If my chart helps in any way, request your...

Piyush-Gupta

HDFCLIFE has given good breakout from multiple resistance zones. One is trend line coming since Jan'20 (yellow) & other is mid term resistance zone (blue). It can be traded on Monday with 2 possibilities. 1. It opens gap up, then wait for retracement to 528 to go long. 2. It opens between 527-512, then wait for retracement to 512. If it opens below both level and...

Piyush-Gupta

HCLTECH was notified at 11:19 AM when I spotted this breakout. As this stock came to my attention when it was nearing breakout, by the time it was informed, it had breakout candle. None the less it provided good entering opportunity by retracing back to 511-512 for more than 5 mins. As per trend breakout it moved smoothly thereafter to cross target 1 and just shy...

Piyush-Gupta

ESCORTS chart is self explanatory and very good example of how support & resistance interchange role depending on price. Red zone which was resistance months back is now support. Good case of "Pullback & Continuation" Reach out if you want to learn price action.

Piyush-Gupta Updated 

ULTRACEMCO has formed Cup with handle pattern has given closing around neck line. If trades above 3573, can be good for long. I am sharing these charts to explain price action concepts as well as possible trade opportunities on Monday and I am fully aware about Global sentiments being highly negative today (i.e. Friday 1-Mat 2020). If things change by Friday and...

Piyush-Gupta Updated 

HAVELLS has broken one mid term trend line and close decisively above it. ABove 569, can be good candidate for long.

Piyush-Gupta Updated 

BPCL has been trading is a zone for a while and has given good closing on Thursday. If it trades above 375.25, then can be good candidate for long. Reach out for more details and to learn simple price action chart reading.

Piyush-Gupta Updated 

INDUSINDBK on daily TF is forming higher lows for past few weeks but has not been able to close above 480 (day closing). 1. If it closes above 482 (daily) then it can see upward momentum. 2. Also if it trades above 495, then good move possible for intraday opportunities. Kindly note that I always believe "trend is friend" and never recommend trading against it....

Piyush-Gupta

Reliance has given break out in yesterday from ascending triangle and can be good pick for today for long today. Best possible case for entry : Reliance retraces to 1500 level in first few minute and then start moving up.

Piyush-Gupta

UBL has been trading in a range and has given closing below the rectangle. Below 870 tomorrow, can be good candidate for short.

Piyush-Gupta

M&M was given for long above 383.8 at 11:56AM today. Logic for trade was pennant or triangle formation and from previous behavior, it was high probable to give long breakout. Breakout did happen around 12:40 and from 383.8 it went till 403+ Book out was told at 403. See below chart at lower TF to explain more details. Also INFY was given for long which gave...

Piyush-Gupta

IBULHSGFIN was given for long today above 123.2 at 10:26AM. This was again simple trend line break out trade. I follow same process, try to find same patterns and trade them regularly. Keeping things simple and doing repeated stuff has brought me success. At times, we hit SL and this was the case today due to incorrect chart reading by me. I am sharing below both...

Piyush-Gupta

TORNTPHARMA was given for long at 10:54 AM for long above 2401. Logic for trade was simple trend line break out. Below is the lower TF analysis of breakdown of chart. I closed my position at 2425 but it went to make high of 2440 from 2401. Keeping chart simple, free from indicators provide you more focus and price is paramount & it discount everything. So wasting...