hovering between 780-650 zone.
Now, it is heading towards support zone 650-660.
entry should bein between 650-660.
target 1st-mid of this channel 715-720, 2nd-resistance zone 770-780
Stoploss-630-635( small SL)
Either will take support or breakdown. If a breakdown then closes the trade.
it is forming double bottom at supply demand conversion zone on weekly time frame.
This time it stands just at support level.
We should initiate a medium term position here with small quantity & will keep adding at retracement on daily time frame.
Expected targets are- 1st 900 & 2nd 1050.
it is also a investment type opportunity
it may take months...
The green zone is a supply-demand zone where tata motors took resistance two times and at the third time as it touches the zone gave breakout on higher side. It is the first time when it came back to the zone where the zone will behave as support.
It will move in the upcoming weeks if sustain above zone.
I attached a chart of NSE:AMBUJACEM , its chart also look...
.Supportive trendline trade is one of them which has a huge risk-reward ratio.
.It is easy to trade compared to others.
.Less complexity in the chart so the charts look clean.
finding the perfect inclined trendline is time-consuming or we can say little bit difficult.
. First, find the trendline with an inclination range...
it is approaching towards 800 levels, so entry should be initiated 800-815 levels.
In these types of patterns breakout fail most of the time.
Breakout people buy at breakout of this long range but if we initiate trade entry earlier then we will Square off at those levels where 90% of people rush for buy.
Tip & Tricks-
.we must be entry earlier...
I analyzed previously that it may take support from support level but today open with gap down.
Range break down with huge gap down. It may be due earning & all but technically, it is weak now.
So now there is no opportunity for buying entry until it will not come into previous zone.
Quote of the day-- Perfect practice make perfect.
This stock is in a downtrend.
it had breakdown level 4200 with a power candle but it opened with a gap up and in the range but not sustained, has closed below 4200.
The next support will be 3600-3700.
should not go for long until support is not hit
it is hovering between 230-300 levels
it has taken support 3 times already from 220-230 levels.
it is coming toward support level again so we should initiate buy entry here.
Expecting target should be roof or 300 level.
SL should be below the support zone, wicks are just noise so SL is below the wicks zone.
It is for those traders who take entry...
range breakdown with engulf candle is a bearish sign .
NSE:DIVISLAB may come to previous support zone.
short entry at 4425-35 ,
target =previous support 3900,
SL 0.6 of bearish engulf candle
buyers- we should enter at previous support 3900-3930 to take small target of 8-10% by putting SL below zone.
This is a Beautiful example of roof & floor concept
we should take entry at floor value between 440-425 &..Exit will be at roof value 520-530
Keep SL below the floor zone 415-410
In this concept, price moves in between roof & floor until there is no breakout on either side
Whenever the price will close either below the floor or above the roof, the price move like...
squeezing triangular pattern breakout are very quicky and successful (80-90%).
These types of pattern give you high RR ratio like 1:3,1:4,1:5 within a few days
I do share these charts at channel
I will provide link here after taking trading view premium account
Happy Weekend ahead
kuntum papers is at lower of pattern
1. we should initiate an entry here with keep SL below channel pattern, it will be a high risk reward trade.
2.exit will be either at upper level of pattern or if breakout happens then hold until target 1st done.
.triangular pattern with good consolidation near counter trendline , if it gives a engulf candle around 4-5% , entry possible.
.Make sure for swing trade entry should be at the end of day to avoid fake breakout
.price is consolidating near counter trendline , so we can expect a potential breakout this week
.I have back tested these types of pattern & got accuracy around 65-70% with RR ratio not less than 1;2
.Entry possible when engulfing candle near counter trendline.
Three targets are mention in chart, gain accordingly
trade was analyzed on 12 April, target 1 & target 2 done
I was expecting , price will take resistance from target 2 or fib extension value 1.618 but it crossed and leading to 3rd target or fib extension value 2 .
I booked 40% at target 1st with 20% & rest booked out at 2nd target with 50% move
The stock of month
follows me for more chart...