5PAISA trade ideas
Buy 5Paisa Capital5Paisa Capital has given a buy signal according to V20 strategy of famous youtuber Vivek Singhal. The lower limit of the range is 544.15 and upper range is 697.30. The stock is currently trading at 536.35. This will give us a 30% return. The upside potential is quite good keeping in mind the present situation of the market.
Please do your own analysis before investing.
Hope you learned something new from my ideas.
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CUP n HANDLE An illustration of Cup and Handle pattern
First look for an initial uptrend of the stock
Later a small pull back
And later reversal of the pull back ....
Breakout of the highest point of the pull back
At retest , look for reversal candles like doji.... Look for tight price action
Enter the trade just above the high of the candle with stop loss below the lowest low of the candles
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Cup and Handle Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
5PAISA - Short term bullish reversalLet's understand multi timeframe analysis for NSE:5PAISA .
1. Price has forming bullish harmonic bat pattern and is currently standing at a PRZ(Price Reversal Zone).
2. Price is approaching a key demand level in weekly and monthly timeframe.
3. After making a consecutive LH-LL structure, price has finally made a HL which could suggest a reversal of a trend.
4. On a daily timeframe, 14 period RSI is forming a bullish divergence.
Above confluences suggests that there's a high probability of short term bullish reversal if price succeed in breaking the previous high.
5 PAISA - Pullback Trade5 paisa made high of 444- 465 in July 2020 and retraced some part of its previous rally only to take support around 235 levels.
The stock then started rallying again but was not able to break through previous resistance( highs made in July 2020) and traded sideways near the resistance for about 3 months.
Finally, it managed to break above in the first week of July 2021 with a Big bull candle, volume also saw some rise.
Now Prices are retraced back to the breakout levels and sustaining above it.
It looks like stock may test its recent highs and also move beyond it, in the coming trading sessions.