inteliigentrader

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Banknifty had a severe fall on 31 August, when India and China had some argument near the border in Leh. This triggered a huge sell off from the day's high and Banknifty ended around 3% lower for the day. Today, Banknifty consolidated in a range and this was expected as Banknifty had 2 continuous trending days. Usually after a trending day, a stock or index...

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Stop loss should be compulsory and according to your risk appetite and trading system. Targets for me are 1300, 1357, 1425. I will close all the positions at 1425 Always have a reason as to why to go long or short (This post is my reason why I want to go long in Siemens, for you it could something like RSI is below 30 and now has crossed above 30, which is a...

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Banknifty has been very volatile since the past 3 sessions, rising about 1000 points. Going into tomorrow's monthly derivatives expiry, my advice would be to be extremely cautious and reduce your position size considerably. Fed's meeting will have a huge impact on market's around the world, and Banknifty being a volatile instrument, can cause huge whipsaws and may...

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I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and trade carefully! Grateful!🙏

inteliigentrader

Pullbacks can be traded using various methods. In this post, there would be 2 ways in which I like to trade pullbacks. The first one is depicted on the left side. It is the orthodox way of trading pullbacks. Method includes Fibonacci retracement and exponential moving average( period 21 is what I use, you can change it according to your preference). Fibonacci...

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IOC is looking weak, in terms of price and volume correlation. It was consolidating in a range and then gave a break out of the range on 19th August. The volumes, then, were above the 100 DMA, suggesting some sort of strength from the buyers. After that breakout, price did continue to move higher, and volumes did expand as the price moved higher. But in the last...

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Ujjivan Finserv has been trading in a range for the past couple of sessions. The interesting part is what is taking place inside the range. Various VSA concepts are visible. Selling climax candle has been identified, which is a sign of change in trend. Volume has decreased in the stock, when compared with the volume during the last weeks of July. This suggests...

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Analysis is on the chart I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and trade carefull!

inteliigentrader

Vedl is in an exceptional bull run. The stock has rallied, paused, accumulated and then again rallied. There is no sign of weakness appearing in this stock, just yet. 145 level can easily be breached in the coming sessions. Buyers are strong in Vedl and will absorb any supply, in the form of retracement, and will continue to lead the prices higher. I will wait for...

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Banknifty has been trading in a range of about 400 points(marked as the smaller range) and needs to breakout of it, on either side, to prove the strength of either the buyers or sellers, depending on which side the breakout happens. As far as the weekly expiry goes, I do not expect Banknifty to violate the psychological level of 21000, on the down side, or 22300,...

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IndusInd has given a breakout in the previous session. I expect the momentum to continue towards the upside. My bias on Banknifty is currently bullish, due to the structure which HDFC Bank is forming, and as it is a heavy weight in Banknifty, I expect a breakout in HDFC Bank would be followed by a bullish move in Banknifty. And as IndusInd Bank is a part of...

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Zeel is a high beta stock. In the past few sessions, few strong bullish candles have shown that buyers have entered the stock and are taking all the supply, in order to move the price higher. Various technical confluences have been taken into consideration, including breaking over previous pivot high, price respecting the 21 day exponential moving average(EMA),...

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HindPetro has announced its results, and my first impressions are that they are exceptional. During times of lockdown, petroleum sales would be one of the most affected ones. Take the example of commercial flights. Their demand have reduced by more than 90%. They are one of the top consumers of petroleum and when their demand falls, automatically, demand for fuel...

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HDFC Bank is looking bullish. It has turned into a bullish structure and it is a great stock for intraday. 31st July, the first 30 min candle confirmed selling climax due to the huge tail of the candle, which suggested demand, on back of relatively high volume. The down move which followed SC, was on back of very low volume and the first volume expansion was...

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The opening candle shows signs of demand due to the wick size and bullish closing. But as price approached the resistance level, it showed no signs of strength, which would show that Banknifty is going to break the level, and so in today's closing, price hovered near the resistance level and closed near that. One of the candles near the resistance is a bearish pin...

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IndusInd Bank has given a breakdown and is very likely to reach 470. Volatility has reduced in recent sessions, but banks continue to be volatile, and one such high beta stock is Indusind Bank. I expect the target to be reached within this week. Safe strategy would be to sell 500 CE and buy 510 CE for hedging purpose. Trade according to your analysis. This is an...

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Banknifty is looking weaker than Nifty due to various reasons. Banks have been affected in the lockdown and hence this has also affected their profitability and hence Banknifty has been trading weaker. Institutional investors' views are also looking bearish on Indian Banking sector, or else by this time, they would have started accumulating various Banking stocks,...

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If you like my analysis, do not forget to follow me for such regular posts. I am very close to 100 followers. This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in stock market. Consult your financial advisor before taking trades I do not recommend taking trades according to my analysis as you may...