ACC: Entry on retest of 2264 Stoploss - 2100 Target - 2560 Risk Reward : 1:2 Duration : 8 weeks Absolute Return Potential : 13% #swingtrading #nifty
Swing Trade Ideas : DIVISLAB: Entry on retest of 4429 Stoploss - 4200 Target - 4970 Risk Reward : 1:2.7 Duration : 8 weeks Absolute Return Potential : 12% Overlapping candles w/o wicks allow for fast movement once reversal starts from support zone
#hdfclife #swingtrading #nimblrta Price 660 on 7-jan-21 Buy for t1 - 669 ; On closing abv 677, buy for t2 -707 ; t3-715 Stoploss 645 Risk: reward - 1:3 ( for t2)
#ethusd #ethereum #cryptocurrency $eth #swingtrading On weekly charts #ethusd can retest 2790 Support area 2635-2790 On weekly closing basis if breaks 2635, then next target 1903/1723 To regain positive momentum, weekly close above 3600 required which is a resistance on upside now
Reverse Candle Shunting Applicable On Weekly Close Above 368 Buy On Weekly Close Above 368 Target 382 Sl -360 Resistance 383-387 Risk Reward - 1:2 Close Above Above 387 Opens Tgt 422 With Stoploss 368
Reverse candle shunting on weekly charts on weekly close above 17k with a momentum candle. Buy #NIFTY on weekly close above 17000 Target 18140 Stoploss 16400 ( weekly close) Risk Reward - 1:2
#SANOFI - add at bottom of trading range 7500-8300 Stoploss 7300 ( weekly close) Risk: Reward - 1:2+ Absolute return - 10% ( duration 1 qtr) The stock has a beta of 0.2 in long term and a beta of 0.29 over last 2 years, could get less impacted by large swings on the index.
#HINDUNILVR on weekly chart is at RSI 35 a level last seen in Jan 2017. Add 2200/2089 range with stoploss 2000 for tgt 2400 Risk Reward 1:2
#ethereum has beoken below #darvasbox with floor 3678 and will potential settle into a new lower trading range
#HDFCLIFE has been broadly in a channel 655- 720 a 10% move every 2-3 within this channel has happened since last 12 mnths Insiders i.e. #exide got a 4% stake at 485 few months bk. Buy / accumulate at current levels for tgt 700 + in 2-3 months
#OBEROIRLTY Entry @890 tgt 960, SL 860 Risk: Reward 1:2+
#ICICIPRULI entry- 50% @ 550 & 50% @530 Tgt 678 SL 500 Risk: Reward - 1:2+
On weekly charts #DIVISLAB getting oversold & provides attractive entry Enter 50% at 4400 ( level from which BO took place) Enter 50% at 4280 Tgt 4950 ( 6- 8 weeks) Stoploss 4100 Risk Reward - 1: 2+
#ABBOTINDIA - After topping out at 24000 has corrected ~18% over last 9 weeks to 18700 A crucial support on weekly charts that needs to hold else stock might get into free-fall upto 17500. On weekly RSI basis not yet oversold. Watch for potential Reversal from these levels if any
Short on closing below 47.5k Tgt 43.5k Stoploss 51k
With reports that Glaxo s drugs works against all Omicron mutations it's highly likely that stock will give a Brk out From it's cup and handle pattern
#ETHUSD @4444 - Bouncing inside Darvas Box 4562/3924. Watch out for CLOSE abv 4562 Breakout post 4562 opens up 4865 and beyond into a new trajectory Extremely strong Floor 3924 Sensible approach - enter on Daily IC-MC DAILY BO retest Entry @4184 Stoploss @4020 Target 4440 Risk : Reward 1: 1.625
On daily charts BTCUSD @ 56.7K is in a no-trade zone. Below 53.7k - short opportunity Sell @ 53.7k , SL - 56k , Tgt - 49.3k Risk Reward : 1: 1.6 Abv 53.7k - Buy opportunity Buy @ 61k , SL - 58.6k , Tgt - 65.6k Risk Reward : 1: 1.8