taruneshpasuparthy

taruneshpasuparthy Updated 

This is a contra bet and the trade triggers only above 226. It is a contra bet because the entire auto sector has been underperforming due the the rise in commodity prices. Trade triggers on sustaining above 226 Stoploss of 220 hourly close basis. SL is moderately small as it is a contra bet. Targets have to be trailed and if it manages to break above the...

02:44

taruneshpasuparthy Updated 

This month i have a few consumption names on my Radar and Bata India is one of them. This is a simple triangle sort of a break out on the monthly/weekly time frames. It has been consolidating after the breakout from the last 4-5 weeks which is generally a sign that big players may be accumulating at these levels. Trade triggers only on sustaining above...

02:59

taruneshpasuparthy Updated 

Voltas has been in an uptrend in the higher timeframes , It consolidates for a while and then moves up. The last swing low consolidation was for a very long time around the 900 area which happened to be the 61.8% Fib retracement level and this time around it has again been bouncing off of and consolidating around 1000 area which is again 61.8% retracement from the...

02:00

taruneshpasuparthy

Like i have mentioned in the video , its the point of confluence for 3 different trenline resistances. It also happens to be the 0.236 Fib retracement level from the Covid lows. I am a pullback trader and i try to spot entries early. This offers a very good RR of 1:5 at the very least. The idea is in collaboration with my friend @Sarvagyasharma . Entry @...

taruneshpasuparthy Updated 

As one can see on the chart..there is a confluence of trendline from march 2020 lows and horizontal support around the 230 area. It has made a double bottom on the daily chart at an important support. The support is also backed by the option chain. There was also slightly higher volume on friday. Now all that is needed is a confirmation which would be sustaining...