OBEROIRLTY trade ideas
[Positional] Oberoi Realty Sell IdeaNote -
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.
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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" , "Bounce" , "3BB" or "Entropy" - My own systems.
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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.
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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.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Oberoi realty - Buy the bull crossThe daily chart shows the 100- and 200-day MAs are one track to cross bullish.
This one is special considering the bear cross of two confirmed in June marked a price bottom.
A bull cross after a failed bear cross often brings solid gains.
The stock has carved out a bull flag on the monthly chart.
Oberoi Reality upside. The charts are showing strength for a upside of 10-12%. After a side move for a month the stock is on the verge of a breakout.
RSI is also rising . Nifty should hold 16200 and move upside for this move. The stock is trading above the 21 MA .
#Simple analysis.
Please note this is not a recommendation to buy, just my analysis. Please do your study, research before getting into the trade.
OBEROI REALTY Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
not smethigTechnical analysis is a trading discipline employed to evaluate inveTechnical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.stments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.