SCHAEFFLER: Testing my hypothesisThere was interesting observation shared by Gorilla trader about how price keeps moving in same ranges and repeats same ranges on move up.
Here rectangle at bottom and top are same size.
Hypothesis is that, if price has given move from one swing high to swing low, it will give same amount of move above that swing high.
Lets see if that works and observer.
Risk reward is also pretty good here. So why not?
Time? Not sure. This is for long term. It can be anytime but it will reach there fore sure.
SCHAEFFLER trade ideas
SCHAEFFLER INDIA LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
SCHAEFFLER Swing Trade, Price is taking support from 50 EMASCHAEFFLER is taking support from 50 EMA in Weekly Chart. (For Swing Trade)
We can go for long swing trade only after price going above 3530 with approx. 6% stoploss and 24% Target.
Risk-Reward = 1:4
Plan your quantity/investment accordingly.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
Schaeffler IndiaSchaeffler India
MTF Analysis
Schaeffler India Corp Yearly Demand 202
Schaeffler India Corp 6 Month Demand Breakout 3970
Schaeffler India Corp Qtrly Demand BUFL (in Process) 3970
Schaeffler India Corp Monthly Demand BUFL 3879
Schaeffler India Corp Weekly BUFL 4019
Schaeffler India Corp Daily DMIP 3876
ENTRY 3876
SL 3760
RISK 116
Target 6044
REWARD POINT 2168
Last High 4960
RR 18.69
RR 56%
SWING IDEA - SCHAEFFLER INDIA
Schaeffler India , a leading automotive and industrial supplier, is displaying technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
Break of 4000 Resistance Zone: The 4000 level was a significant resistance zone. The price has broken through this level, retested it, and is now making new higher highs, indicating strong bullish momentum.
Bullish Engulfing Candle on Weekly Timeframe: The recent formation of a bullish engulfing candle on the weekly chart suggests strong buying pressure and potential for further upward movement.
0.5 Fibonacci Support: The stock is finding support at the 0.5 Fibonacci retracement level, a key area where prices often bounce back, indicating potential for an upward move.
Trading Above 50 and 200 EMA: The stock is trading above both the 50-week and 200-week exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels.
Trading at All-Time High: The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
Constant Higher Highs: The stock has been consistently making higher highs, indicating a strong uptrend and sustained bullish sentiment.
Target - 5550 // 6150
Stoploss - weekly close below 4100
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SCHAEFFLER: Huge Accumulation in the last 3 days🎯The price action is pretty self-explanatory as always.
🎯Well, We cannot post pictures here, So I will put a link to the relevant delivery information in the comments below.
x.com
🎯4 big fall days, 4 Huge volume spikes with Big delivery %
🎯The current price bounce came from the premarked support Zone which is guarded by 100 WEMA
🎯The 2500 Psy level was there too in case it needed some stronger support
🎯Posting it a bit late here as Tradingview has limitations on what we can post.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Ready to Fly??? #SuperchartzKey levels:
Support: 3100
Resistance: 3290
1. **Bullish Continuation:** Signals a likely continuation of an uptrend after a brief consolidation phase.
2. **Positive Sentiment:** Reflects a shift from bearish to bullish sentiment in the market.
3. **Price Consolidation:** Shows a period of price stabilization and reduced selling pressure.
4. **Volume Confirmation:** Increasing volume during the breakout validates the pattern's reliability.
5. **Entry and Exit Points:** Helps traders identify optimal entry and target levels.
6. **Combine with Indicators:** Enhanced reliability when used in conjunction with other technical indicators.
Remember, while the cup and handle pattern can be a useful tool, always practice proper risk management and consider other factors before making trading decisions.
Schaeffler India Ltd. ( EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
STOCK FOR EDUCATIONAL PURPOSE ONLY
WATCH Schaeffler India Ltd. @ RS 8770 with target of RS 8950 CMP IS RS 8708
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR @ RS 8525
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
Student of Market since 2015
B.Sc. (MATHS & PHYSICS)
Disclaimer: I AM NOT SEBI REGISTERED