Indianstocks
Is NIFTY in bulish zone ? Nifty have a very good systematic triangle pattern in top of 1d timeframe if you ignore the fake brakeout because that is a V shape recovery after go downside so its a fake brakeout . I hope it will break after weakly expire . If nifty break the upper level which is 17940 then we may see a bulish candle in nifty but to enter we need a re-test in nifty because we are in the top . so re-test is important as per my analysis . Still if anyone want to every in first brakeout then you need to must set 1:2 target Stop loss after that you can trail . But if that's break downside then you can go with first breakout .
*Do your own analysis before entering the trade this analysis is my point of view so do your own research before enter the trade .
SBI CARD Head and Shoulder pattern SBICARD Continuous contract 1 formed bearish head and shoulder pattern. Sell if the trend line breaks or neckline breaks. Target 800 and sl 890
Safe traders sell once neckline breaks. risky traders take sell trend line breaks
Safe trader sell below 840.
risky trader sell below 853.
sl 890 target 800
trade your own risk. good luck all.
ATR and RSI in price actionI explain in this video how I view the relationship between ATR and RSI in true trend following situations. This is not about trend continuation or harmonics.
This is on the India50 - a 2H time frame. But always one has to look higher to understand the risk and rebellions that may be ahead.
Trading is not about investing. It is primarily about exploiting parts of trends. So you're in and out of the markets, to catch a slice of some trend.
There are bound to be losses. You absolutely cannot make profits without suffering losses.
The business of minimising losses and maximising winning positions - in trend following - has no strict formula. It is about experience in the markets. And each market/instrument has its own personality.
For tend followers taking some or all profits in a deep RSI trench is a good thing. The ATR can show important trend switches.
There are trading platforms that can be programmed to follow the ATR (or any other indicator), in trend following. (House rules do not permit me to mention here). On such platforms one can program a trade to close if price is above or below a certain figure on the RSI.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
#INEOSSTYRO Very Good stock for long term. Fundamentals of stocks are good and the stock is near to give breakout soon.
Indian Market: Killzone for a beautiful controlled loss.I explain what I mean by a beautiful controlled loss.
Some traders don't want to hear about losses, though it's about the most important thing in trading.
The position shown is a paper-trade.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
HDFCBANK Short IdeaNSE:HDFCBANK
Short idea
Price Reversal after test 1515 to 1500 Range
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Closed below 200 EMA on Daily time frame
Strong level between 1515 to 1500 also a psychological level
Unfilled Gap below previous trading range
Decrease in Volume
Nifty 50 Ready For A Rally? Medium Term Analysis + Trade Ideas ---> Is Nifty 50 (Indian Markets) Ready for a rally? Will Markets stop correcting? Has the short/medium term bottom been made in the market at 15700?
Nifty has been in a downtrend for the past few months due to a variety of factors like FII Selling, Geopolitical Tensions, etc. The market has corrected nearly 16% from All-Time High and now it is looking to bounce back after touching 15700.
As the problems look to ease across the globe and as all international markets are recovering. Nifty50 has rallied from the bottom and has broken out from the trendline it has tested multiple times. This breakout is a crucial factor for the bulls to stay. This breakout can cause a rally in the near term but for the bulls to continue we need fundamental factors to be positive or at least neutral. It looks to also take out the 200 EMA which will also act as a support in the near term.
Therefore it's time to go long in Nifty. Check out my other stock ideas too.
LONG @ 16870
SL @ 16400
TARGET @ 17680
RISK REWARD RATIO -1.75:1
If This Rally Sustains, Fundamental Factors like Geopolitical tensions, Rate Hikes, crude prices, etc. Get Resolved and other resistances are taken out, we can expect 15700 to be the bottom and get ready for another bull run for the next few years. The Valuations of many stocks have also cooled down and are now fairly or undervalued.
So it is wise to deploy money into investing in good quality companies.
But any negative news or deteriorating economy or fundamentals can trigger a further crash. As for now, markets are bullish and bears might exit after a long time. Even if the markets go down by a bit. Quality Stocks will find their way back up.
Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing.
Kindly Checkout my view on the current bull run in S&P 500 which I have attached below in related ideas.
LINDEINDIA - Momentum Play - Target 2670, 2756, 2945LINDEINDIA had a massive run up in last 18-20 months and has formed a bull flag pattern. Currently its consolidating with in the Flag Pattern. Momentum has picked up for this stock and getting ready to breakout of the upper trend line, with short targets 2670, 2756, 2945 by end of Jan 2022 or even earlier. If it fails to close above the upper trend line 2-3 consecutive days, it might pull back and further consolidate. Momentum has picked up, I expect breakout, let's see.