TradingSutra

TradingSutra

Inverse Head and Shoulders Continuation: This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large...

TradingSutra

Inverse 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

Inverse 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

DXY is down just 3.7% from its highs and all its counterpart are behaving like the Fuel in DXY is over. There is no sign support broken on DXY 103.5 and 101.4 are the immediate support level. Once these support level got breached then only we can say that DXY has done with the top for the short term.

TradingSutra

Stock has come up with its first leg as an impulse. After that stock has gone into a considerable corrective price action. The current structure suggests that stock is ready to move up for another impulsive leg. TRADING STRATEGY: STOVEKRAFT: BUY ON CMP (583) SL: 540 TGT: 625/650

TradingSutra

Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...

TradingSutra

Stock is rising in an impulsive manner and from the highs of 588 stock has completed an expanded flat correction. After an expanded flat correction the post market reaction is sharp on the upside. Hence, one should look for buying opportunity in the stock for the upside target of 625/650. TRADING STRATEGY: STOVEKRAFT: BUY ON CMP (579) SL: 550 CLBS TGT: 625/650

TradingSutra

USDCHF has concluded a FLAT structure and is rising in an impulsive manner in a parallel channel. The impulsive nature of the rise from the zone of 0.9500 suggests that the pair is likely to continue the uptrend towards the level of 1.0100 in the coming weeks. One should look for bullish opportunities for trading purpose. TRADING STRATEGY: Go long on dips...

TradingSutra

Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory...

TradingSutra

Take it as Double top or a Head and shoulder, the stock has broken the neckline and is re-testing the same near 256-260 zone. One should go short on the current levels and look for the target area of 200-197 in the coming weeks. Maintain SL of 280

TradingSutra

Stock has given a breakout of a triangular structure . One should go long on current levels maintaining the SL of 2300 and look for the target of 2675/2845 in the coming days.

TradingSutra

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 forms after an advance and looks like a bowl or rounding bottom. As...

TradingSutra

Stock is showing a recovery from the oversold region and is likely to retrace about 50%-61.8% retracement of the prior fall. Trading Strategy: Buy with SL of 1525 and look for the target of 1680/1700-25.

TradingSutra

Trading strategy: Buy with SL of 2280 and look for the target of 2700/2900/ and 3050 the measured target . Theory: The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as...

TradingSutra

From the highs of 1375 stock is declining making lower lows lower highs which suggests that stock is undergoing into a short term corrective downtrend. From ElliottWave perspective stock is forming a double three correction (WXY) of which wave-X is already concluded at 1093 and right now stock is unfolding its wave-Y which shall bring the prices towards 700-650...

TradingSutra

Inverse 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

Chalethotel stock is rising in an uptrend forming higher highs and higher lows which is the basic definition of an uptrend. Stock has given a breakout on the weekly time frame and can be bought on cmp for the Tgt of zone of 380-400 in the coming weeks. Stop loss should be 290.

TradingSutra

LICHOUSING stock has given a breakout of the Bullish FLAG on the lower time frame . One should go long with SL of 320 & look for the target of 355/360