dravya

dravya Updated 

Everything on chart. Thanks.

dravya Updated 

NSE:CIPLA is at an important support tracing back to 2014. It's currently trying to overcome it and has a positive market structure with good trend strength. As you can see it is having 2 rising wedges forming, a smaller one inside the bigger one . Indicating a very good sign of bullishness. One should expect upside and look for long trade opportunities.

dravya Updated 

Attention please ... tomorrow is budget day and lot of movement is expected. You'll get a lot of calls/ideas saying this will happen, that will happen, go long, go short, etc. But, as professional traders, we know that predicting is not our job, our job is to make money. Believe me, whoever tells you that he knows what all will be announced in budget and how...

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Personally, I am entering into a long strangle. This is an option strategy, which is non-directional. CMP - 97.6 Buying - 95 Put - @5.95 Buying - 100 Call - @5.35 Total Buying Cost - 11.30 I'll explain in detail in the comments after market hours.

dravya Updated 

CMP - 942.65 Infy has formed a pinbar on a strong weekly support . Also, you can say it's a double bottom on recent data. I have drawn the various levels you should be aware of. Everything is there on chart. You can trade accordingly with your strategy. Thanks. I'll update the idea whenever I'm watching it. If you have any doubts, opinion or...

dravya Updated 

CMP - 75.65 SL- 75.2 Target - Ride

dravya Updated 

Hi friends, ITC results came out on Friday. I'd go short on ITC for 3 reasons : 1. Risk Reward is much better. 2. If the news couldn't make the stock go higher intraday, makes it more probable to go down further. 3. Volumes And also I have drawn my lines to illustrate levels which are significant according to me. So, as for now, I'd go short...

dravya Updated 

Apollo Hospitals CMP - 1232.05 SL and Target marked on the chart. Reason - It's in downtrend, and trend continuation is what I follow as it provides a good R.R.R. ( in this case 1:4 ) Here, prices have trended down, consolidated, can be expected to move down more.

dravya Updated 

Happy Republic Day, fellow Indians. Here, I am sharing a good potential setup for ICICIBANK. it's in an ascending channel, which you can see in the chart in related ideas. The lines I have drawn have significance from previous levels. I have marked prices accordingly. Hughe volume also see in the last few hours increasing the probability of upmove. So, take...

dravya Updated 

Hi, fellow traders, here I have marked important price points which I suggest you mark and watch the stock. I will list them down on 4 Grades, Grade 1 being the strongest and Grade 4 being the weakest. Grade 1 Support - 257.4 , 254,3, 234.9 Grade 2 Support - NA Grade 3 Support - 250.2, 243.75 Grade 4 Support - 252.9 Grade 1 Resistance - NA Grade 2...

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As per my analysis, it has broken trendline and if it stays above, it should touch Target - 92 CMP - 86.85 SL - Below trendline I try to give 1:5 Risk Reward mostly, 30% right should also make money ;)

dravya Updated 

Hi, Sorry, I didn't post this chart earlier, and you missed the breakout from consolidation area. Now you can look for breakout from daily trendline, targeting next resistance. Great risk reward ratio, as we exit below the trendline. CMP - 1329 Target - 1410 Enter = Low of candle above trendline SL = High of candle below trendline. Thanks. Follow or star...

dravya Updated 

#short-term I love to trade breakouts because of the amazing risk reward ratio they provide. Even if we are wrong half of the time, we will still end up in profit. So, here, Nifty has given a breakout above the 8462 line. So strategy, would be long Nifty ( CMP : 8476 ) . SL - 8462 ( 14 point risk as of now ) Target - 8616 ( 140 points reward as of now )...

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Powergrid is making all- time highs and a possible extension of it by breaking out.

dravya Updated 

Here, in this chart, you can see the zones important for banknifty in upcoming days. Currently, is above the 50 DMA approaching previous resistance. An upper trendline will halt the move if it trends upwards.

dravya Updated 

NSE:CAIRN is around long term resistance levels . Trendline support supported with volume may give breakout. Otherwise, keep an eye on trendline break

dravya Updated 

Continuing from the awesome prediction of nextgen sir ( see in related ideas ) ; maruti suzuki has again faced resistance at that level with full down candle. Short trade can be placed with the high of the candle + cushion as stoploss.

dravya Updated 

NSE:AXISBANK has convincingly broken the 50 day moving-average preceded by a strong pin-bar. Now the levels near 485 should be watched as it should prove decisive for further trend of the stock.