Hdfc bank had a good breakout with increasing volumes. Expecting a pullback for retesting the breakout level. Will go long at 1950-1955 area once it retests, else will enter above 1960 if it fails.
Entry - 1950-55 on retest or above 1960
SL - 1942
T1 - 1975
T2 - 1990
For study purpose.
An inverted HS pattern has been formed inside a falling wedge. The stock has been consolidating inside a falling wedge pattern for the past month and finally has given a breakout. Now that the breakout is tested, We can go long above its swing high for a small scalp. It is also interesting to observe a Inverted HS pattern formed at this support juncture.
The stock has formed a cup and handle pattern. Right now the price is in the handle phase from which a breakout is expected. But before that, the price needs to consolidate in this handle. The minor support lies at 2900-2920. A long position can be initiated only on the basis of future price formation and its analysis.
For now, the ideal long trade can be...
A breakout is expected from the falling wedge pattern which is under construction for past 2 months. Right now CMP is 498 and still the price has not yet found its buyers for the breakout to happen upside. Hence expecting the price to fall further till 470-480 which is considered to be a major support. For now we can go short in this trade for a small scalp. Once...
The stock has been consolidating inside a broad range for sometime. Now that the range have been established, the prices tried multiple attempts to breakout of the range and it ultimately formed a Inverted HS pattern at its range high. Hence we can short below its neckline at 950 for a target of its range low 905.
Entry - Below 950 based on bearish close
The stock has formed a descending triangle inside a broad bull channel. Expecting a breakdown below 862 for the prices to reach the lower trending channel line. Hence we could short this for a target of 820.
Now coming to entry levels, 875 level can be used for shorting once it pulls back before break below 862.
Entry - Below 862 or at 875 area based on bearish...
Prices have formed a descending traingle pattern. It is at the verge of breaking down below 1140. Expecting a swing run till 1090 which will act as a support zone.
Entry - below 1140 based on a bearish close.
SL - 1175
T1 - 1110
T2 - 1100
T3 - 1090
For study purpose only.
Prices were consolidating in a broad range of 950-870 and now has given a breakdown below range low. Expecting to enter around 870 when it pullbacks to retest the level. My target for this setup is 840, but prices have already made it to 850. If it reaches 840 without any major pullback to 870, then this setup is negated.
Entry - Around 870-865 based on...
The stock is trading at all time high and is expected for a reversal or breakout at this zone. Hence will wait for further price action once it breaks this level and take positions accordingly if it succeeds or fails. Will update more on this later.
Price are in a short term bear trend and are nearing towards the potential reversal zone which has supported the prices earlier. Now the CMP is 891 and it is expected to reach 870 level to establish a double bottom. Hence based on tommorow's opening price action, trade can be initiated either around 895-900 zone if it goes up or below 887 on succesfull breakdown...
The price had a breakdown from the pattern and pulled back to have its level tested. Now expecting a possible bear signal at 1055-60 level to go short for a target of 1035. If it gaps down and opens below 1043, can go for a small scalp 10 point move.
Entry - 1055-60 level or below 1043 based on future price action.
SL - 1073
T1 - 1045
T2 - 1035
Purely for study...
This setup is a short term scalp. The stock has formed an inverted head and shoulder pattern at the support zone. Hence we shall see this opportunity as a short term pullback move till 570.
Entry - Go long above 349 or enter when it pullbacks to 344 area.
SL - 338
T1 - 355
T2 - 360
For educational purpose.
The stock has formed a pennant pattern with high volume data. We could either look to short below 339 or sell on rise @ 345 zone.
Expecting a breakdown move of 15 - 20 points on the downside.
Entry - Below 339 or sell on rise @ 345 based on further price action.
SL - 350
T1 - 330
T2 - 325
T3 - 320
Purely for study purpose
The stock has formed a rounding bottom reversal pattern and had a breakout to upside. But it dint have a strong close above the breakout with good volumes.
But since an Inside bar pattern is witnessed at the end of this pattern, we can go go long above the bar extreme once it breakouts.
Entry - Above 547 based on bull signal in smaller time frame
SL - 537
Price had a bull flag breakout and pulled back for retesting. Now one can enter in the range of 585-590 zone for a small upmove till 600 for intraday. Entry must be based on bullish signal in the specified zone.
Entry - 585-590
SL - 575
Target - 600
Purely for study purpose.
Bullish BAT pattern has been observed at the major support level. One can go long at this PRZ of 1095-1100 based on bull signal.
The bullish signal confirmation can be made even in lower time frame charts.
Entry - 1095-1100
SL - 1085
T1 - 1115
T2 - 1125
For study purpose only.
The stock had a bull flag breakout and it has been retested lately. Now its followed by a ranging session, where two of the below entries are possible.
1 - Range low entry around 600 based on closing bull signal.
T2 - 630
2 - Breakout from the range on upside and above 621 on closing basis.
SL - 600
T1 - 635
T2 - 645
These are my personal...