ritik_patel

ritik_patel

BAJAJHLDN made a triangle pattern in 30M and is about to give a breakout to either side. It can be a good intraday trade and a positional trade as well if it gives a bullish breakout. You can initiate your position in trade with a SL of nearest swing. Happy Trading!

ritik_patel

BAJFINANCE is making a rising wedge pattern in 30M timeframe. You can add this to your watchlist and keep a track. There are chances for a breakout in coming trading sessions. Initiate a long position when price crosses the high of the breakout candle with SL at nearest swing low. Happy Trading!

ritik_patel

ASAINPAINT is making a cup & handle pattern in 30M timeframe. It can be a good opportunity for a quick trade intraday and even positional. You can initiate a long trade when price crosses the high of breakout candle and keep SL to the nearest swing low. Increased volumes will confirm whether the breakout will be successful or not. Happy Trading!

ritik_patel

ADANITRANS is forming a triangle pattern in 30M timeframe. It can give a breakout in the coming trading sessions. It can be a good positional trade with SL initially at the nearest swing low and then trailing it tightly to ride the rally. You can add this is your watchlist and keep a track of it. You can enter the trade when price crosses the high of breakout...

ritik_patel

A triangle pattern can be observed in ADANIPORTS in 15M timeframe & can be a good opportunity for intraday as well as a positional trade. The resistance has been tested multiple times now and has become weak. We can see a breakout tomorrow. We can initiate a long position when price crosses the high of breakout candle. Keep your SL to the nearest swing low. Risk...

ritik_patel

TATASTEEL is currently showing a correction. It is healthy to have a correction after a bullish rally & it offers more chances for the share price to go up. You can add TATASTEEL to your watchlist and monitor it. You can initiate a positional trade when it gives a breakout. Enter the trade after price crosses the high of the breakout candle and keep your SL on the...

ritik_patel

TECHM is trading in a channel in 30min timeframe. It is at the bottom of the channel and there can be chance for it to go upwards to test the top of the channel. We can go long from here with a SL at the previous swing low & aim for the top of channel. It can be a quick positional trade.

ritik_patel

DLF is showing a head & shoulder pattern in 30min timeframe. It could be a good intraday trade in it breaks the neckline of the pattern. You can place your SL above the nearest swing high. Always keep your risk managed. Cut your losses quickly and ride your profits. Happy Trading!

ritik_patel

CADILAHC has given a breakdown to it's short term trendline in 15mins. It has also formed a pattern at the top which is called HEAD & SHOULDER PATTERN. The bias for this trade is negative. It is a intraday trade which can give you easy profits. But always remember that market is unpredictable. Sometimes some trades go wrong even when you are 100% confident. So you...

ritik_patel

This is BPCL in 30min timeframe. As you guys can see it is travelling in a channel. There are high possibilities of it giving a breakdown in the coming trading sessions. Even nifty looks weak as it is approaching overbought zone. A correction in nifty will result in correction of the stocks as well. BPCL is one of the stocks that will correct if nifty corrects....

ritik_patel

ABBOTINDIA in 30min is showing triangle pattern. Now I know all the people watching these ideas are retailers and won't find it sensible to invest this big amount in one share. If you trade regularly, you can add ABBOTINDIA on your watchlist and keep an eye on it's movement. You can capture the breakout in intraday as you will get some leverage there and can get...

ritik_patel

The range in which NIFTY is trading is shrinking. It has started forming a pattern which is The Rising Wedge Pattern. It is mostly observed that this pattern generally has a breakdown instead of a breakout but that depends on the market is never 100% guaranteed. But as it is said in stock market "History repeats itself" so we can believe to notice a break down in...

ritik_patel

NIFTY is currently trading at 13325. It has been bullish for a very long time now & a correction is due. The RSI is 75 which is near to the overbought zone. NIFTY is following the short term trendline and as it moves upwards the rally is getting exhausted. When NIFTY breaks down the short term trendline we can see a correction. No one knows how deep the correction...

ritik_patel

UBL is currently trading at resistance point. It is the 3rd time it has come to the resistance and has been halting there for a while now. There are chances of UBL giving breakout in the coming trading sessions. You can enter the trade when the price crosses the high of the breakout candle in 15min timeframe and keep SL as the swing low. You should plan SL for...

ritik_patel

INFY is rangebound and forming a traingle pattern in 1hr timeframe. Breakout on either side will result in good momentum. It has been a choppy market for INFY and there are high chances of a breakout on bullish side. You can enter the trade in 15min timeframe as soon as the price crosses high of breakout candle with SL on previous swing low. It can be a postional...

ritik_patel

INDUSINDBK is in a rising wedge pattern & looks like it is about to give a breakout. We can trade INDUSINDBK for intraday as well as hold it for positional trade as it looks bullish & is contributing in the rally of BANKNIFTY. We can initiate a long position as soon as the high of breakout candle is crossed & SL will be the swing low. It will be better to take...

ritik_patel

We can see a bearish pole & flag pattern in DMART on 15min timeframe. On Monday, if the opening price of DMART is in the range of flag then you can short DMART for intraday when there will be pattern breakdown alongwith good volumes. You can enter the trade when price crosses the low of breakdown candle. Risk management is the key. Always plan you SL before...

ritik_patel

BHARTIARTL is at it's resistance for the 3rd time, the first time sellers took it till 400, the second time it came around 460, now it is the third time that BHARTIARTL is at resistance. It has been halting there for some time now & is accumulating buyers. There is a high possibility that it will break the resistance in coming trading sessions and can be a good...