johntradingwick

johntradingwick

Buy MAITHANALL @980-1000 (Enter whenever possible, no need to wait for candle close) Stop loss: 910 Target: 1230 Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

johntradingwick

INFY is breaking out from the symmetrical triangle. The momentum and the volume look good. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

johntradingwick

OBEROIRLTY has been moving in the rising parallel channel since May 2021 and it is expected to continue the pattern. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

johntradingwick

ACC has been moving in the rising parallel channel for the last 9 months and it is expected to continue the pattern. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

johntradingwick

1. Untested supply overhead 2. Short on rejection from the supply 3. Long above 17620, if the supply gets absorbed Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

johntradingwick

1. Untested supply overhead 2. Short on rejection from the supply 3. Long above 37611, if the supply gets absorbed Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

johntradingwick

CIPLA has been consolidating for 2 weeks now. If you see the daily chart, the range is becoming tighter each day. The RSI has become almost flat and has been constantly taking support from the 50 level. It may breakout of the consolidation soon. Keep it on the watchlist. Line chart for better visualization: Disclaimer: This is NOT investment advice. This...

johntradingwick

In general, a logical stop loss varies from one situation to another. Some of the logical stop losses can be: 1. Swing high/low 2. Low of the Hammer/Inverted hammer 3. High of the Shooting star/Hanging man 4. Low of the demand zone 5. High of the supply zone If you are trading in options, broadly there are 2 ways to set a stop loss. There are: 1. Place the...

johntradingwick

Key obdervations: 1. Nifty is being pushed up aggressively. If we see, there has been no significant consolidation after 16k. 2. The price consolidates only for a while before giving another breakout. 3. The breakouts are not followed by any retest, which proves the fact that it is being aggressively bought up. 4. If we look at the RSI, it is continuously...

johntradingwick Updated 

If Nifty doesn't close above 17450 in the coming days, we are possibly going to see a correction. In that case, the 17430-17440 zone will mark the local top in Nifty. This is obviously an ambitious idea, and it's early to assess the move. If I turn out to be wrong, then it would be a lesson and if I turn out to be right, then it will improve my confidence in my...

johntradingwick

What Is Quadruple Witching? Quadruple witching refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously. This happens in the US market but since the US market affects the markets worldwide, hence it becomes an important event for all other markets too. Highlights: • Quadruple witching...

johntradingwick

Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

johntradingwick

Yesterday was a pure sideways day. We can witness a trending day today. I am more interested in taking a short but if there is buying above the PDH, I will shift my bias. You are always advised to use an appropriate Risk-Reward ratio as per your strategy. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your...

johntradingwick

Key Highlights: 1. Bullish market structure 2. Trendline breakout 3. Volume expansion 4. Rebounded from the demand zone 5. Inverse Head & Shoulder formation 6. Just above the flip level You are always advised to use an appropriate Risk-Reward ratio as per your strategy. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes...

johntradingwick

Finolex Cables has been moving in a rising channel since March 2020. It has been following a repetitive pattern of impulse followed by box consolidation. Every time it moves out of the consolidation, it retests the previous swing high. This can be a high probability trade since there is a confluence of Fibonacci level as well as 200MA on the 4hr. Disclaimer: ...

johntradingwick

Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

johntradingwick Updated 

Key Highlights: -Moving in ascending triangle -Fresh demand zone created -Volume expansion -Bullish Market structure -Support from 200MA -Buy only above 1025 Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

johntradingwick

Dear reader, this is a full-fledged trading system. If you follow all the mentioned steps correctly, you will definitely have a great winning ratio. You can back-test this system on any instrument, stock, commodity, forex, etc. This system should only be used to take “Long” trades using the 5 min time frame on a stock that has sufficient liquidity. Steps to...