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Positional

Sequent Scientific Consolidating and forming Triangle pattern.Sequent scientific after a good rally. Consolidated and formed a triangle pattern that is getting ready to breakout. Markets are volatile and any side breakouts are possible but still, chances are sequent scientific will be bullish. Once a given both Intraday and Positional player can take an entry For bullish breakout Target 1 : 284 with SL placed 1 point below the trendline (Can be Achieved in Intraday) Target 2 : 304 (positional Target) if taken position before trail SL accordingly otherwise it depends where you are taking entry. For bearish Breakout There is only one Target not much is looking for. Target 1 : 253 with SL placed 1 above triangle trendline.
NSE:SEQUENT
by Architjain06
2
[Positional] Bharat Forge Long & Short BetBuy if breaks above : based on bullish Flag theory Sell if breaks below : Based on mean reversion theory Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , Trade Setup based on option Decay ! ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. =======
NSE:BHARATFORG
by ShivamMendhare
DRREDDY - Another Gem on my RadarI have also talked about this stock in my previous post, and since then this stock has been trading in a small range near its all-time highs. The reason I am interested in this stock is that every time it came to the lower end of the range, it bounces decisively, though whenever it reaches its upper range, it falls with low momentum and usually forms indecisive candles. Even today it bounced well and it might open gap up tomorrow, and if it opens above the range, it might move fast towards its all-time high i.e. 5512 and beyond.
NSE:DRREDDYLong
by manuagarwal21
3
GBP AUD - target 2.00+Hello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. The previous analysis Master Key for zones Blue = Monthly Purple = weekly Red = 4 Days Yellow = 16 Hours Orange = Daily Dark Green = 8 Hour Grey = 4hour Pink = 1 hour Original analysis process. Below is an explanation of the imbalance/inefficiency zones based upon the original analysis view. 1. Zone 1: - 1.72 - 1.75 we will be looking at a test of the order block, movement away to keep shorts flowing to keep the imbalance moving towards the zone of a 1.72 redistribution, liquidity to show bears further short options before the lows. From here we will expect a spring and a test of said springs. A rejection will occur and then see accumulation phase of price hitting the target on the AUD USD with bullish Aussie. 2. Exactly the same but making further gains moving down to 1.67-1.60 which will be the development. We volume will be a key indicator here to see the set up of the buy/sell swaps. Moving to now... Monthly imbalances: Pretty simple breakdown from a monthly perspective, where GBP maxed out in March 2020 and began the sellers imbalance to reach lows of 1.742 as previously stated above. From a buying retrace imbalance - the targets are set at the 1.87 mark and 1.93 the next target. From a positional buy into 2022 if the 50% monthly Fibonacci retracement permits the target and holds above, then extension of 2.0X will be looked towards. Weekly imbalance While the GBP and Aussie is trading within a defined range - adding more positions on the range lows are pivotal here to maintain the long position. The weekly position now is clear with the daily candle to close within the Weekly, the probability to continue the rally base rally is evident. The movement since: Closely correlated pairs GBP NZD and EUR AUD weekly chart and monthly chart respectively using correlation and imbalances. Correlation of GBP AUD vs AUD USD Imbalance spotting is important to note on one pair like GBP AUD, however the web behind the imbalance is just as important to keep in mind when looking for imbalance trades as pairs are called pairs for a reason. Looking into two variables where correlation is either Perfect positive correlation +1, 0 or Perfect negative correlation -1 i in simple Lehman's terms. AUD is coming from a monthly imbalance meanwhile GBP AUD will turn positive where price is coming from a monthly buy imbalance. Comparing the GBP AUD to the AUD USD - using a monthly correlation grid. The current at time of analysing is -79.7% negatively correlated. This has been due to the weak USD in play and the positive correlation against the SPX500 and the USD associated with the index. XAU is also a factor here whereby XAU a hedge against inflation and a propulsion for the Aussie to provide further additional strength. Here is the graphical scale below: Where by the inverse of the AUD from 0.80 and a low of GBP AUD to 1.768XX, the opportunity arises for short positions and respective longs for the GBP. The DXY is pivotal DXY to see the imbalance reverse upon the devaluation of the USD where the FED has created an abundance of credit which has financed the citizens essentially to 'stay put' in cases whereby specific industry sectors within the US are rendered 'useless' until the hospitality and entertainment, aviation can all be kick started again. Below are the pivotal monthly imbalances on the chart which are hard to not notice. The Monthly imbalances clearly indicate where the profit targets for the DXY are as price has clearly rejected. Use this monthly imbalance analysis to help trade in a higher time frame. SPX vs AUD USD with an importance note of GBP AUD. The correlation of the SPX and the Aussie is a positive correlation when the SPX is bullish , this allows the AUD USD to remain bullish . With respect for USD purposes where the SPX becomes bearish from an imbalance or has a trend breather, the correlation becomes a sell imbalance for the SPX and AUD based upon the USD having the fundamental safe haven positional stance for investors. Pre-march Current scenario: since the lowest point - where the monthly imbalance had hit the march low. Using Yields and the Volatility index to provide further evidence. Be aware of the Yields of the US05 - US20 Year, this can impact the SPX growth and AUD Bullish correlation. Here are the weekly timeframes to support: Do you enjoy the setups? Professional analyst with 5+ years experience in the capital markets Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXI
Long
by LupaCapital
4