dravya

dravya Updated 

The stock has been near its all time-highs. It has twice failed to sustain above the highs made in October. It's been consolidating in a range now, any breakout upwards sends a very bullish signal. It's rising since I last posted about it ( see in related ideas )

dravya Updated 

The stock has had a very good rally. Now it is above the previous swing high but below the major swing high ( which the previous high couldn't reach to ) that occurred in October last year which is a major barrier for it to move higher. Watch how it behaves from here and trade accordingly. We need to identify setups before the moves happen.

dravya Updated 

The stock is forming an upward channel. Look for subsequent opportunities and trade. Sharing if it helps.

dravya Updated 

It's been a very long time since I looked at the index to trade, but with the levels coming back to charted territory, it's getting interesting. So, you know, I trade based on my lines. It has come below the weekly white line now . And additionally, I have drawn a few more lines to help me trade. I'll trade only when it's near any of these lines as it...

dravya Updated 

On 16 th March, the stock went above the blue line and closed above the high made on 23 Sep 2016. Givig a breakout with large volume. After that it consolidated and now today, again has given a good upmove with volumes, breaking out of the latest high of 614 on 17th March ; by making a high of 619 today but closed below the high at 610. Keep this stock in...

dravya Updated 

The stock has given rejection wicks / failed breakdowns from its support levels indicating bulls defending it. Keep it in watchlist for going long. If it closes or is going to close above the blue line, go long.

dravya Updated 

Here, in the chart you can see how strongly it has approached previous resistance. Note : All my charts are for informational / educational purposes only . I post ideas to share interesting setups forming in the market that might lead to generating new trading ideas for fellow traders and myself. No buying or selling recommendations will be given or...

dravya Updated 

A possible short for this week, if it breaks the blue line . Take positions according to strategy and risk tolerance. Don't blindly follow the lines, support resistance, etc. Do due diligence. Might as well take support. Let's see how it behaves.

dravya Updated 

The stock has shown good constant growth with good volumes. It's looking to break the previous swing high and move upwards.

dravya Updated 

CMP - 100 This is a direction-neutral strategy. I used it previously too. ( see in related idea ) Here I am buying, 95 PE - 3.5 105 CE - 3.5 Why ? Because it has moved a lot and I am expecting it to move further. Caution : Experts do due diligence. New traders can look into this and paper-trade.

dravya Updated 

In this chart you can see that how fond is Infosys of the given range 1020-1040. I have marked with rectangles on what happened. You can observe that it is a decisive range and price has always ( except for 1 consolidation ) followed the breakout direction in the following days. The intensity of this range can also be felt by the multiple gaps and...

dravya Updated 

Today, as we all know D-Mart had a blockbuster opening. Many of us couldn't get any shares alloted. Still, we could trade once it opened. But how do we trade such events ? Here's how I like to do it. It's quite close to the 'opening range breakout' strategy. So, the rationale behind this is we know there's some huge one side momentum and we can...

dravya Updated 

The stock has given a breakout from daily resistance today with a good candle. Keep in watchlist for going long.

dravya Updated 

The stock after a steep fall has entered its demand zone as you can see in the chart. It's taking support in this zone yet once again. Keep this zone in watch. Trade accordingly.

dravya Updated 

The stock is trying to extend its rally even further and has given a hourly breakout, currently sustaining above it. Buying may continue. Volumes are falling though. Watch the stock.

dravya Updated 

The stock has been consolidating near the weekly highs. That is unlike the previous 2 occasions it reached there where we saw immediate reversal. That, according to me indicates that there may be even more buying in the coming days and stock might give a good breakout.

dravya Updated 

additional comment on chart : 2nd lower high. can take support and form a triple bottom ( strength ); or; form lower low ( weakness ) . Note : All my charts are for informational / educational purposes only . I post ideas to share interesting setups forming in the market that might lead to generating new trading ideas for fellow traders and myself. No...

dravya Updated 

in the chart, you can see the behavior of ambuja cements. Note : All my charts are for informational / educational purposes only . I post ideas to share interesting setups forming in the market that might lead to generating new trading ideas for fellow traders and myself. No buying or selling recommendations will be given or answered, please do your own...