TradingSutra

TradingSutra Updated 

Trading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 2015 and keeping a stop loss of 1675 , look for the target of 2900-3000 in the coming weeks and months. Buy: CMP Stop loss : 1675 Targets: Tgt 1: 2900-3000 Theory: The Cup with Handle is a bullish continuation pattern that...

TradingSutra Updated 

Stock is moving up after an expanded flat correction. The current structure suggests that a 3rd-wave is about to start. TRADING STRATEGY: BUY: 223 (CMP) SL: 218 TGT: 232/240

TradingSutra Updated 

Stock is rising in a uptrend channel forming HH HL which is the basic definition of an Uptrend. The current price action suggests that prices are unfolding into a primary wave-3. One should buy the stock on current levels, keeping SL of 105 look for the target of 140 in the coming days and weeks ahead.

TradingSutra Updated 

From Nov'22 high stock was under pressure and tested the Jul'22 on 27-Mar'23. From there prices are bouncing back forming higher high and higher low on the lower degree time frame. There is also a formation of INVERSE HEAD & SHOULDER PATTERN which is a bottom reversal pattern whose neckline is 655 and currently prices are trading above this level on weekly chart...

TradingSutra Updated 

Trading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 980 and keeping a stop loss of 927 , look for the target of 1100-1120 in the coming weeks. Buy: CMP i.e. 980 Stop loss : 927 Tgt: 1100 Theory: The Cup with Handle is a bullish continuation pattern that marks a...

TradingSutra Updated 

Stock is rising in an impulsive manner of which 3rd is currently unfolding. Price are likely to continue it's uptrend towards 2900 and later 3500 in the coming months. On the downside Key level is 1700 which is the invalidation level.

TradingSutra Updated 

nverse Head and Shoulders This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the...

TradingSutra Updated 

After a FLAT correction , prices are rising in an impulsive manner. Stock is likely to continue on the upside in the coming days and weeks. Buy on cmp add on dips and look for the upside target of 3460/3550 in the coming weeks. Maintain SL of 3120.

TradingSutra Updated 

Stock has formed a Head and shoulder pattern who se neckline is identified at 553. A sustained move below 553 shall bring the stock down towards the measured target zone of 493-95 THEORY: This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which...

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Stock has given a sharp downside move few weeks ago in an impulsive manner. After that stock has bounced back sharply in a three wave corrective structure and halted near 61.8% fibonacci retracement level and retreated lower. Stock is likely to fall towards 3300 and 3200 in the coming weeks.

TradingSutra

Stock is forming higher highs and higher lows which is he basic definition of an uptrend and has given a breakout of 15 years of range in an impulsive manner. The impulse unfolding will have a five structure of which 'Third-wave' is still unfolding. As we already know that Third waves are the wonder to behold, the Stock has a potential to reach 220-240 in the...

TradingSutra

Stock has given a breakout of 15 years of range and rising in an impulsive manner. The impulse will be unfolding into a five structure of which 'Third-wave' is unfolding. An we already know that Third waves are the wonder to behold. Stock has a potential to reach 220-240 in the coming 1-2 years. On the downside major support is at 75. Only a sustained closing...

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Stock has retraced to 78.6% Fibonacci retracement of the first 3 leg on the downside. This suggests that stock is correcting into a complex flat corrective structure which can take the prices towards the level of 95 and 80 zone. On the upside key level is 135 for invalidation of this view.

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STRATEGY: BUY CMP i.e. 985-980 SL:905 TGT: 1130-1150 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup...

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Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...

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After a 5-waves up stock has corrected to 50%-61.8% Fibonacci retracement level and bounced back forming HH HL. Considering the rise as wave-1 and the fall as wave-2 , the current bounce is suggesting that stock is unfolding it's 3rd wave which shall take the prices towards 2230-50 zone in the coming weeks. TRADING STRATEGY: Buy near 1970 , SL: 1830 TGT: 2230-50/ 2480

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After the completion of a corrective rise in the first week of Jul'23 the currency pairs is forming lower lows and lower highs in an impulsive manner. We can count a five structure in the internals of each leg. Also we have a bullish outlook on AUDUSD then we must go short USDCAD as both the pairs are negatively correlated. One should go short on current levels...

TradingSutra

AUDUSD is rising in an impulsive manner and is heading towards 0.70 zone. The current price action suggests that a third of a third wave is unfolding from 0.659 odd levels. Keeping SL of 0.6745 one should buy AUDUSD and look for the target of 0.700 and 0.7050 in the coming days.