BSE:CANBK CMP - 272.6 Here, the RED ( resistance ) AND GREEN ( support ) lines hold importance . and I have drawn multiple trendlines to form sort of a trend fan, which will help you help take a position. Thanks.
NSE:ABAN CMP : 246.85 Here's the formation and levels, trade accordingly . Thanks.
NSE:BERGEPAINT From around 10 in 2008, the stock has shown a very steady trendline to around 260 in 2016; returning 2500% in 8 years. Now we see, that the stock is falling below such a significant trendline. Long-term investors can look to enter the stock at ; 1. when the monthly closing is above the trendline. 2. if at all, it reaches the blue line, it...
TVC:SILVER CMP - 17.018 Here, I have drawn the important lines. Now trade their support, break and retest. Have a specific strategy of position sizing and stop loss which suits your trading plan . Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2 days. Note : This is the...
OANDA:USDINR CMP - 68.087 Here, I have drawn the important lines. Now trade their support, break and retest. 50 DMA will assist you. Have a specific strategy of position sizing and stop loss which suits your trading plan . Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2...
NSE:BANKNIFTY idea for short-term and day traders. Chart according to the principles of my trading mentor Mr. Julius. Arrow indicates the strength of selling pressure expected. Stop loss and Profit Target is displayed. Cheers !!
NSE:BANKNIFTY is very popular over here. and many traders asked me for intraday levels yesterday. So, to help everyone, here I have zoomed in the previous chart. Where I put the thin arrow mark for light selling pressure which happened , but the overall market structure is showing uptrend. Traders have been asking me for levels, to them my answer is,...
NIFTY is most popular as we know. These are the lines that hold importance for another 2 days of the week. Follow them and make trades on the line. Always keep a bit of room for a short overextension through the line. Retest is a stronger signal than break. Have more confidence on that. Glad to help. I hope you like it.
TREND IS YOUR FRIEND, For various trend following reasons, I'd go long on nifty unless there are signs of reversal. Here, on this chart I have marked price points . 1. Aggresive high volume traders - Entry - 8428 SL - 8413 ( 15 point risk ) Target - 8460 ( 32 point reward ) R:R = 1:2 2. Positional/Swing Traders - Entry - 8410-8430 SL - 8368 (...
NSE:JETAIRWAYS major double top + trendline break What to do ? Short - when the 15 min candle high is below the red line Target ? Blue line
NSE:NIFTY for short-term positional and day traders. Blue-Line and Red-Line important on higher TFs too. They are connected from much behind. Yellow is the short-term channel. Green-Line is the intermediate support. Watch how it plays out and look for opportunities. Comments and views are welcomed. Thank you.
NSE:HCLTECH - short term trade Green Line is a good resistance on the daily TF too. Blue Lines are the upward channel that's forming. Watch out for these and trade when a clear trend emerges. Will update the idea if I find one. Comments and opinions are welcomed.
NSE:LT is in a downtrend as you can see. It has given a breakout out of the lines which might just fail. Short positions can be entered with the pink line as stoploss and blue line below as target. Cheers !!
NSE:JETAIRWAYS see what happpens when the stock touches these lines and how it behaves in these zones. and then trade accordingly. Cheers !
Casually, just pondering over the chart where Nifty might react.
NSE:ICICIBANK is trading a channel . See how it reacts to the edges and trade accordingly. Cheers !!
BSE:TATASTEEL is in uptrend and you can see the channels and zones in this chart. Trade accordingly. Cheers !!
NSE:PNB is showing good market structure with rising volume on up-moves. * See those green volume spikes. Short-term target would be intermediate resistance of 129. Stop-loss would be a good trendline break.