raj_rishav

raj_rishav Updated 

Positional Trades: Short below 245 for 240, 238.5, 235 with SL at 250 Aggressive traders may want to initiate short at 248.5 ! Below 238 would be an ideal point for buying OTM August expiry call option.

raj_rishav Updated 

All levels drawn on chart. 111 is the major support and 122.5 is the resistance - can zoom out and see the Fib retracement levels. Positional Trades: Go Long at 117 for 118.5, 120.5, 122.5 with SL at 114.5 (For the Morning Star hypothesis to be true, it should gap up and open in 116-117 if not higher) Or Short below 114.5 for 113, 111 with SL at 115.5 for the...

raj_rishav Updated 

Voltas made a bullish run from 100 DEMA to 200 DEMA in a day only to retrace back a little & is now perched beautifully just below the 200 DEMA & 50% FIB retracement level as shown on Chart. Its a precarious level with both scenarios of break and rejection equally possible. Volume & Momentum seem to favour a break upwards. Pay attention to NIFTY trends and...

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Buy above 99 (Key support on the monthly charts) for targets of 103.5 (Intraday) & above 109.5 (July expiry) with Stop Loss at 106.5

raj_rishav

Use chart levels for entry exit planning

raj_rishav Updated 

Levels on chart. Long above 189.8 for 196 with SL at 186.5 Observe Stochastic levels with previous rebounds for confidence Keep a track on Bank Nifty levels - refer linked idea (1.0) for correlations

raj_rishav Updated 

Trade in the direction of break

raj_rishav Updated 

Doji Highway on 15 minute chart with Positive Momentum and On balance volume. Large volume trading.

raj_rishav Updated 

The rise of SBIN from 177.15 to 202.5 and the subsequent fall to 191.65 (so far) fits the Elliot waves perfectly as can be seen on the chart. Positional Trades for Tomorrow: Idea 1: The correctional waves are done at 191.65! So Go Long above 193.3 for 195.8, 198, 202, 206.5 with SL at 192. 195.8 is a key Resistance/Support (Check linked idea!). So Trail SL...

raj_rishav Updated 

LT saw a long term support line getting breached today after 6 consecutive bearish sessions. It closed just above the support at 930 and is at a crucial level. If it breaches 930 (closes below on the 5 minute candle) with NIFTY bearish: Short for 910 with SL at 945. Take long positions only above 945. Scalp in between. The shorting idea won't hold true for...

raj_rishav Updated 

Long above 195.5 for 197, 198, 200 with SL at 194 Short below 194 for 193, 192, 191 & 190 with SL at 195 Smaller movements anticipated due to side-ways undecided movement on NIFTY over last week. Lower greed & Stay in green would be my strategy for today.

raj_rishav Updated 

Having gone past 200, I expect a slightly gap up opening tomorrow (around 201-202) Let it stabilise: 202 is the next resistance so watch for it to close above 202 (you will need to scroll to the left to see why) Above 202, if it sustains and if BankNifty sustains above 23000 - We should get nearer to 207 As for why please refer the linked idea.

raj_rishav Updated 

Go long above 133 with SL at 128 Short below 128 with SL at 133 I would prefer taking long trades !

raj_rishav

The stock is trading handsomely in the price action value area with a value price of 945. We saw a bullish breakout move towards 970 yesterday only to dramatically reverse. Intraday ideas for Friday: Buy above 950 for 955, 960, 970, 980 with SL at 940 Short below 938 for 930 with SL at 945 I would prefer taking long trades only myself due to another linked idea...

raj_rishav Updated 

Everything on Chart ! Just my own reasoning behind holding the bullish view despite that steep fall. Let's find out what happens tomorrow! One thing is sure - Be ready for another day of large movements! Please leave your comments on what you think. Thanks for the lovely feedback - as long as Work From Home continues, I'll keep posting ideas here and updating them.

raj_rishav Updated 

LT has been trading in the Price Action Value Area referred before in the linked idea. It's showing the Elliot Traingular Bullish Consolidation It may be a good idea to enter long positions

raj_rishav Updated 

For explanation refer linked idea - I wanted to publish this ASAP so that those following can benefit Go Long above 1020

raj_rishav Updated 

The stock finally completed its retracement to 0.618 levels today Some consolidation may happen here - depending on how NIFTY behaves. Buy above the high of today, 118.2 for 120 as the immediate target. 118.2 should then function as support for rally to 130 & beyond with some consolidation happening around it.