A BAMM breakout could be observed
A reversal is expected from current trend
The stock formed a higher bottom and then formed a higher top which is a swing high. Wait for Monday, if it forms a green candle or swing low then it will be another higher bottom; that could be entered with stop loss of the swing low. Use trailing stop loss once the trade turns profitable
A bearish bat is forming in SunTV stock. The bullish trend has not been completed yet. Resistance level is at 864. If the stock starts to retrace from the resistance level then wait for at least two red candles to form. We have two targets Target 1: Exit= 772 with SL = 864, Risk:Reward = 3.19 Target 2: Exit = 730 with SL= 826.5 , RIsk: Reward = 3 Enter either...
A basic support-resistance trade. The trend arrived at previous support and reversed. The long wick of the red candle indicates bullishness. Next candle is red owing to geopolitical scenario. Enter with futures, EQ when a green candle is confirmed. Keep SL at 2698.86. If SL is hit then short 2700CE, or exit the trade Trail the stop loss if it turns positive. If SL
Fib retracment shows 0.382 level at 500CMP. Trade is if it doesn't break 0.382, short AxisBank Aug 500PE. If it breaches and starts to reverse from 490, then go for AxisBank 490PE. It will provide higher premium. For better entry, use 15 minutes TF. It will showcase the previous support levels. Right now, support is at 501.08. If it reverses from there then...
Although, trade is for theta decay, it could be used for holding a long position also. For theta decay, short Mothersumi Aug 300PE (LTP=0.50) for conservative setup and short Mothersumi Aug 306.65PE (LTP=1.10) for aggressive setup. But prefer aggressive setup only when it breaches 23.6% retracement, otherwise it could retrace from there Exit at expiry for...
Although, trade is for theta decay, it could be used for holding a long position also. For theta decay, short Mothersumi Aug 300PE (LTP=0.50)for conservative setup and short Mothersumi Aug 306.65PE (LTP=1.10) for aggressive setup. But prefer aggressive setup only when it breaches 23.6% retracement, otherwise it could retrace from there Exit at expiry for...
The stock has corrected enough and has finally taken support at its previous support. Enter it by either shorting 1150 PE or go long with futures and use trail stop loss. For pharma stocks, its best to back check its fundamentals along with technicals
Support resistance with red wick indicating bullish trend