Pro-Setups

Pro-Setups Jan 13, 2022

With Nifty Metal Index breaking out today , lets see how Shyam Metalics NSE:SHYAMMETL can play out from here... Stock was clearly in downtrend, making Lower Highs and Lower Lows (blue & red highlights on the chart). But it can reverse from here now. How? Here are some observations: - It recently took support at IPO Price - Made first Higher High...

Pro-Setups Sep 30, 2021

Jindal Stainless Limited (#JSL) - Making a good base. High profitability, increasing margins, reduced debt, merger news, easy earnings comparison for the upcoming quarter, all make a good recipe for a good trade. Details on the chart. For easy reference, see this picture

Pro-Setups Jun 25, 2021

ICICBANK is coming out of the handle of Cup-n-Handle pattern. Need a bigger push with volume, would ideally like to see it higher than 16 mn by the end of the day. Stop Loss can be maintained at 50EMA.

Pro-Setups Updated  Apr 2, 2021

Sagar Cements is making a VCP pattern , with decreasing price volatility as you go from left to right. There has been some promoter buying seen too in recent quarters, plus the company has performed better in last 2 quarters. One can consider buying above 753, with a Stop below 696. Cement sector in India has performed well during recent times, with many...

Pro-Setups Updated  Sep 18, 2020

Trend on Higher Timeframe (Weekly chart) - Green / Uptrend Trend on Current Timeframe ( Daily chart ) - Green / Uptrend It is common for shorter duration multiple moving averages to compress and expand repeatedly during an Uptrend. The compression of such shorter duration multiple moving averages can be used to identify a pullback. The blue cloud in the chart is...

Pro-Setups Sep 10, 2020

Trend on Higher Timeframe (Weekly chart) - Green Trend on Current Timeframe (Daily chart) - Turning from Yellow to Green This is nothing but a Pullback. BUY for an Initial Target of 650 Stop Loss - 582

Pro-Setups Sep 9, 2020

Resolution - 4 Hours Probable Fake Breakdown Reversal Alert. One can plan an entry at the current price, with a stop loss of around $11040. Target - Open (or trail with 50DEMA, since it has reclaimed it today)

Pro-Setups Sep 9, 2020

Microsoft has been moving along 50 days EMA. It broke that support yesterday and is currently right back at it. Important for it to reclaim the 50 days EMA and move up along with it. On hourly charts, it has given a probable fake breakdown reversal alert . One can plan an entry at the current price ($210), with a stop loss at around $203. If the Uptrend...

Pro-Setups Sep 7, 2020

IRCTC is moving in a range of 1315-1415 for the last 2 months, with low volume. The longer & shorter duration multiple moving averages have compressed. A breakout above Rs. 1415 can trigger a long-term uptrend. A weekly close above Rs. 1415 is also important. Trading plan: 👉 BUY above Rs. 1415 👉 SL 1315 (around 7-7.5%). Size your position accordingly. 👉...

Pro-Setups Sep 3, 2020

Nestle India has given a fake breakdown reversal alert @ 16287. One can go long with a stop loss of Rs. 15870

Pro-Setups Aug 25, 2020

Knowledge of Trend is important:- Higher Timeframe (Weekly) Trend - Still Red Current Timeframe (Daily) Trend - Green Stock is currently stuck between 50EMA & 200EMA. It still faces some resistance from 200EMA, which is @ 6611 currently (not so far). Once that is breached, the stock should go up faster. Note: It gave a wonderful ' Fake breakdown reversal ' @...

Pro-Setups Aug 20, 2020

- Trend - Downtrend (represented by Red bars above) - Facing resistance from 25 weeks EMA (or 250 days EMA if seen on daily timeframe chart) - Promoter buying seen in March 2020 quarter. - ROCE consistently over 25% in the last 10 years. Current Debt:Equity 0.3x - Making Ascending Triangle Pattern - Can the National Education Policy 2020 be a Bull trigger for...

Pro-Setups Aug 20, 2020

The stock has given a fake breakdown reversal today. One can plan a pullback trade near 980-990 and keep a stop loss of 959.

Pro-Setups Aug 12, 2020

I like it when the short EMAs (represented by blue cloud) compress for a long period of time. One can consider buying above Rs 200, and then trail with 50EMA.

Pro-Setups Jun 23, 2020

Hindustan Unilever The blue EMA cloud has squeezed and has given us blue dot at the bottom of the chart. The current trend of the stock is clearly Uptrend, as represented by the green trend bar on the top. In fact it is green since April 2017. The stock has made a narrow range here. It has been trading between Rs. 2050 to Rs. 2150 since last couple of weeks. i.e...

Pro-Setups Dec 31, 2019

Sterlite Technologies has given a Weekly Inside Bar breakout at its long-term support zone. There is a strong probability of a reversal of downtrend here.

Pro-Setups Dec 25, 2019

Dabur had made a Weekly Inside Bars pattern last week, with decreasing volumes. At the same time, it is also making a symmetrical triangle pattern. A breakout on either side can be big! However, since it currently trending up, I will be happier taking a LONG trade on a breakout above Rs. 466, in continuation of the prior uptrend.

Pro-Setups Dec 24, 2019

After bouncing off from its strong support level, Muthoot Capital has broken out of its Ascending Triangle pattern today.