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Swingtrading

SWING TUTORIAL - ABSLAMCIn this tutorial, we analyze the stock NSE:ABSLAMC (Aditya Birla Sun Life AMC Limited) identifying a lucrative swing trading opportunity following its all-time high in Oct 2021. The stock declined by nearly 57%, forming a Lower Low Price Action Pattern, but subsequently reversed its trend. At the same time, we can also observe the MACD Level making a contradictory Pattern of Higher Lows. This Higher Low Pattern of the MACD signaled the start of a Bullish Momentum, thereby also signaling a good Buying Opportunity. The trading strategy yielded approximately 114% returns in 63 weeks. Technical analysis concepts used included price action analysis, MACD, momentum reversal, trend analysis and chart patterns. The MACD crossover served as the Entry Point, with the stock rising to its Swing High Levels of 720 and serving as our Exit too. As of wiring this tutorial, we can also notice how the stock is making a breakout and retest of the Swing High levels and trying to continue its momentum further upward trying to make a new All Time High. KEY OBSERVATIONS: 1. Momentum Reversal: The stock's price action shifted from a bearish to a bullish trend, indicating a potential reversal. 2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure. 3. MACD Crossover: The successful crossover in May 2023 confirmed the bullish trend, creating an entry opportunity. TRADING STRATEGY AND RESULTS: 1. Entry Point: MACD crossover in May 2023. 2. Exit Point: Swing High Levels - 720. 3. Return: Approximately 114%. 4. Trade Duration: 63 weeks. TECHNICAL ANALYSIS CONCEPTS USED: 1. Price Action Analysis 2. MACD (Moving Average Convergence Divergence) 3. Momentum Reversal 4. Trend Analysis 5. Chart Patterns NOTE: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing Price Action, MACD movements, and Reversal patterns, traders can pinpoint potential entry and exit points. Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
NSE:ABSLAMCEducation
by thepranam
Trade Review - SYMI plan to be more active and share my trades and insights regularly. Information I swing trade with focus on stock with short term momentum. My trades are identified through a two-step screening process. I use a passive screener outside of market hours to manually select stocks based on structure and position, to allow preparation and prevent too many options. At market open, I run an active screener to track for movement within the watchlist, as timing and momentum in selected stocks can be unpredictable. This allows me to be time efficient, I require no more than 20-30 minutes per open session. Identified through my passive screener outside of market hours, this stock showed an initial momentum move to the upside on the daily timeframe, followed by consolidation near the mean price - a setup conducive to continuation. I occasionally check a higher timeframe (weekly) for context; in this case, it made a overextension to the downside which could follow with a pullback toward the mean (or not). The aim here isn’t to predict but to take a bet / capitalize on potential imbalances when they appear. Thus it was added to the watchlist. At market open, this stock appeared on my active scanner, and when it reached 24.60, I entered as a clear range expansion was forming. I typically scale out at 1R and hold the remaining position for a measured move (projected from the prior momentum move). While the approach is straightforward, I occasionally adjust based on real-time conditions, as seen in this example. Execution details are shown below. Trade Overview • Structure: Bullish Continuation (Daily) and Bearish Pullback (Weekly) • Position: Near mean price (Daily) and extended from mean price (Weekly). • Entry Trigger: Range Expansion Entry Details • Entry Price: 24.60 • Stop Price: 22.07 • Target Price: 34.32 • Expected Risk/Reward: 3.84 R Exit Strategy • Exit Price: Closed 50% at 29.84 and 25% at 29.45. Performance Summary • Result: Price have moved 20.53% with a profit of 2R, trailing 25% with a near SL. I wrote a bit more than usual for this review since it's my first review post, but the real approach itself is quite simple. Future posts will be more concise.
NASDAQ:SYMLong
by Trader-Shah
HCL Technologies Ltd Daily Chart Analysis The daily chart of HCL Technologies Ltd illustrates an upward trend with strong support levels and clear resistance areas, showcasing both bullish momentum and potential pullback scenarios. Key Observations: 1.Trend Analysis: The stock price is in an overall uptrend, consistently making higher highs and higher lows. It is supported by a well-defined ascending trendline and is trading above the 200 EMA, which is a bullish indicator. 2.EMA Levels: The 13, 48, and 200 EMAs are aligned in a bullish configuration, indicating continued strength. The price’s proximity to the EMAs will be a key indicator of short-term trends. 3.Volume Behavior: There is a healthy volume trend with spikes during up moves, suggesting interest and accumulation during bullish days. 4.Resistance and Support Zones: • Resistance: The resistance zone around ₹1,888.50 - ₹1,889.30 represents a key hurdle. A sustained move above this level, accompanied by strong volume, could confirm a bullish breakout and indicate further upside potential. • Support: The primary support level lies around ₹1,719.00. A breakdown below this level could lead to a more significant pullback, possibly retesting previous lows or consolidating around the 200 EMA. 5.RSI Indicator: The RSI is currently around 55.27, indicating mild bullish momentum without being overbought. An upward move in the RSI beyond 60 could further validate any price strength and potential for breakout scenarios. Potential Scenarios: • Bullish Scenario: A breakout above the ₹1,889 resistance zone with strong volume could propel the stock higher, targeting further resistance levels around ₹2,000 and beyond. • Bearish Scenario: If the price is unable to break above resistance and reverses, it may test support around ₹1,719. A breakdown below this level could signal a potential trend reversal or consolidation phase. Impact of Macro Events (e.g., US Elections): The outcome of significant macroeconomic events, such as the US elections, could influence IT sector stocks, including HCL Technologies. Favorable policies, market stability, and global business sentiment may drive higher demand for IT services and lead to a bullish impact. Conversely, any policy uncertainty, geopolitical tensions, or economic disruptions could lead to increased volatility, potentially affecting the stock’s upward momentum. Summary: HCL Technologies is currently at a key resistance level. A breakout above ₹1,889 may signal further bullishness, while a rejection and breakdown below ₹1,719 could prompt caution. Traders should watch volume and price action closely, along with any macroeconomic news that might impact the broader market sentiment. Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading or investment decisions.
NSE:HCLTECHLong
by tintinhawk
Central Depository Services (I) Long positionCentral Depository Services (I) Ltd Daily Chart Analysis This daily chart of Central Depository Services (I) Ltd (CDSL) reveals key market movements and a clear ascending trendline support that has provided a strong base for the stock’s recent upward movement. Key Observations: 1.Ascending Triangle Pattern: The chart shows an ascending triangle pattern, characterized by higher lows connecting through a rising trendline and a relatively horizontal resistance zone near ₹1,660.20 - ₹1,664.40. This pattern typically suggests a continuation of the existing uptrend with a potential breakout. 2.EMA Levels: The stock price is above the 13, 48, and 200 EMA levels, which supports the bullish sentiment. The moving averages act as a dynamic support zone, indicating strong buying momentum. 3.Volume Trends: The volume shows periodic spikes, suggesting accumulation. A volume surge during an upward breakout above ₹1,660 - ₹1,664 could confirm the strength of the breakout. 4.Resistance and Support Zones: • Resistance: The key resistance levels to watch are around ₹1,660.20 and ₹1,664.40. If the price breaks out above these levels with strong volume, it could lead to a significant upward move. • Support: The immediate support level lies at ₹1,560.55, aligned with the ascending triangle’s support trendline. A break below this level may result in a corrective phase or consolidation around ₹1,486.65. 5.RSI Indicator: The RSI is around 58.93, indicating bullish momentum but not yet in overbought territory. A move above 60 would further strengthen the bullish sentiment. Potential Scenarios: • Bullish Scenario: A sustained breakout above ₹1,664 with strong volume may push the stock toward higher resistance zones, potentially targeting ₹1,750 and beyond. • Bearish Scenario: A failure to break above the resistance levels and a drop below ₹1,560 could lead to a pullback toward the support levels around ₹1,486. Impact of US Elections: The outcome of the US elections can influence global market sentiments, including Indian equities. A favorable or market-friendly outcome (e.g., policies encouraging global trade, fiscal stimulus, or economic stability) could trigger bullish momentum in international markets, including CDSL, especially if investor sentiment turns risk-on. Conversely, market uncertainties or potential negative impacts on global trade and investments could weigh down sentiment, causing increased volatility and possibly stalling upward momentum for stocks like CDSL. Summary: CDSL is currently showing a bullish pattern with an ascending triangle. The upcoming breakout or rejection from the resistance levels will likely set the direction for the stock. Traders should monitor volume, price action, and global macroeconomic influences, including the US election outcomes, to gauge market sentiment accurately. Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading or investment decisions.
NSE:CDSLLong
by tintinhawk
Sun Pharma - Long Setup (Swing Trade)Sun Pharma has confirmed a breakout above the entry zone, presenting a swing trade opportunity. Here’s the trade setup: Entry Price: 1836.95 (Confirmed after the 15-minute candle broke above the entry zone at 1833) Target: 1978.8 Stop Loss: 1760.10 (Triggered if a daily candle closes below this level) With the entry price confirmed at 1836.95 , this setup offers a favorable risk-to-reward ratio. The target is set at 1978.8 , with a well-defined stop loss at 1760.10 to manage risk. Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
NSE:SUNPHARMALong
by gupshupblog
2
Syngene International Ltd. - Long Setup (Swing Trade)Syngene International Ltd. has confirmed a breakout above the entry zone, offering a potential swing trade setup. Here’s the trade plan: Entry Price: 897.90 (Confirmed after the 15-minute candle broke above the entry zone at 895) Target: 1027.90 Stop Loss: 828.65 (Stop loss will be triggered if a daily candle closes below this level) With the entry price confirmed at 897.90 , the setup offers a favorable risk-to-reward ratio. The stock is targeting a move toward 1027.90 , with a well-defined stop loss at 828.65 to manage risk. Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
NSE:SYNGENELong
by gupshupblog
Tech Mahindra - Long Setup (Swing Trade)Tech Mahindra has confirmed a breakout above the entry zone, setting up for a potential swing trade. Here’s the trade setup: Entry Price: 1654.85 (Confirmed after the 15-minute candle broke above the entry zone at 1640.25 ) Target: 1785.05 Stop Loss: 1567.85 (Stop loss will be triggered if a daily candle closes below this level) With the entry price confirmed at 1654.85 , the setup offers a favorable risk-to-reward ratio. The stock is targeting a move toward 1785.05 , with a well-defined stop loss at 1567.85 for risk management. Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
NSE:TECHMLong
by gupshupblog
IRCTC Breakdown Trading StrategyThe stock price of IRCTC has fallen below major support levels and currently offers good positional opportunity. The business has a monopoly and the current news flows had impacted the sentiments negatively. The news impact seems to be over and the stock is prepared to perform. Note: The idea shared is aimed at spreading practical awareness of the theoretical concept of Breakdown Trading Strategy. Do not make any financial commitments based on this.
NSE:IRCTCLong
by Gaurav_Singh_5705
Chennai Petroleum's Sharp Drop Hits All Targets in 15m TradeAnalysis: Chennai Petroleum (CHENNPETRO) displayed strong bearish momentum on the 15-minute chart using Risological Swing Trader , leading to a successful short trade where all targets have been achieved. Trade Summary: Entry Level: 912.85 Target Levels: TP1: 859.65 ✅ TP2: 773.50 ✅ TP3: 687.35 ✅ TP4: 634.10 ✅ Stop Loss: 955.95 Key Points: Consistent Downtrend: The stock has followed a consistent downtrend, highlighted by the descending red moving average, indicating continued selling pressure. Sector Impact: The broader energy sector may also be experiencing pressure, impacting stocks like Chennai Petroleum. Recent economic shifts could be contributing to the bearish outlook. Conclusion: The Chennai Petroleum short trade has successfully reached all marked targets. This movement reinforces the bearish sentiment in the stock, offering potential opportunities for traders monitoring short positions.
NSE:CHENNPETROShort
by ProfitsNinja
2