trendtrader06

trendtrader06

Price attempted to break previous swing low of 152 but faced rejection each time Relative strength becoming positive Momentum indicators showing strength Prices may test 50DC levels and move beyond

trendtrader06 Updated 

Weekly VCP support from 50 ema Daily breakout with strong RS High volumes in last 2 days Can be traded for 1067 tgt with SL closing below 975 Half qty can be trailed using ST 10.2 as positional trade

trendtrader06 Updated 

Prices went about moving averages but fell from major S/R zone which was also very near to POC of Volume Profile for current downtrend Prices are below value area and rejection from moving averages on 18th as well suggests further fall for the stock one can trade with 1R as initial tgt and eventually aiming 343 levels

trendtrader06 Updated 

Strong RS Stock breaking out of consolidation near ST Buy 4003 SL 3843 with 1RR as 1st Tgt

trendtrader06 Updated 

Price taking support on trendline after breaking the same breakout of narrow range with good volume strong relative outperformance on daily and weekly chart sl 437.35 and tgt 475.45

trendtrader06

shakeout at 6283 ST in sell RS line going below zero CMF also going negative

trendtrader06 Updated 

Relative Underperformance on both weekly and daily chart taking resistance on weekly chart from moving avg Short on Daily at 448 SL 468.75 tgt 427.25

trendtrader06 Updated 

Weekly trendline breaking out Daily RS going up strongly 50DC breakout

trendtrader06 Updated 

Risky short only if you have multiple longs, use this as a hedge Stock is underperforming on both weekly and daily charts Price facing rejection from ST 10.2 Trade for 1 R SL is must Only Half qty compared to longs

trendtrader06

Nifty closed at support level on friday It is formin a raising wedge pattern along with RSI divergence Bulls need upside breakout along with breakout of RSI trendline While breakdown of wedge will bring pause to the bull run

trendtrader06

Stock broke out of long term AVWAP which suggests crossing of majority of sellers zone Strong Breakout on Weekly chart along with RS charts breaking out Once can Initiate longs at 751 with 606 as SL sell half at 1R trail rest with SuperTrend

trendtrader06

Breakout of 2 year rounding bottom Pattern tgt is beyond 6000 last couple of weeks are showing some weakness we may get possible retest of levels mentioned and from there it might resume its upward journey

trendtrader06 Updated 

6 days consolidation breakout along with trendline and ST breakout Can hit 50DC again SL 3528 1st Tgt 3936

trendtrader06

Strong Volume Move, Followed by low volume consolidation with a shakeout Break of consolidation RS became Positive RSI above 60

trendtrader06 Updated 

Strong RS on daily and weekly charts Price and volume compression on right side SL 387.5 buy near 407

trendtrader06 Updated 

Strong RS on both daily and weekly TF Price bouncing from weekly 8ema and breakout on daily Can go long at 2745 with 2600 as SL and 2890 tgt

trendtrader06

Risky Long, not recommended if you are already not sitting on profits contra bet as RS is negative Weekly consolidation and now prices breaking out on daily SL 1511 tgt1 1625

trendtrader06 Updated 

Pullback trade, structure is compromised hence high risk RS is strong on both daily and weekly High volume pin bar suggesting temporary selling climax Tgt 196 sl 168.7