NSE:JAMNAAUTO is consolidating in a rising channel pattern. I had posted about this scrip before a potential breakout, but it took one more rejection at the top and now price made a green candle at the channel support. Entry at this price could be a golden opportunity to go long and aim for 1:2 and if price breaks out, a potential 1:10 trade! Place a tight stop...
NSE:HDFCBANK has corrected around 15% from its all time high and price is currently at an important support trendline. Price opened gap down but still made green candle in the last 2 trading sessions - showing demand as price approaches the trendline. A 1:5 trade can be taken with a very tight stoploss. It is important to note that script is very weak and...
Price of NSE:BDL formed a green candle at its trendline support from which it can bounce back to the upper channel. Price has been consolidating for quite some time in this channel pattern. A low risk setup presents itself at C.M.P. Stop loss and target marked on the chart. Low risk high reward setup(in case price breaks out of the channel). Hold in case of a...
Trading is simple but not easy. Really anyone can do it. Here are my rules - Use a 3 chart correlation to trade the bigger picture & filter out market fluctuation.This will help to control your emotions & control trigger fingers. - scan the market for low risk (Rs) and high reward (Rw) trades. a ratio of 1 to 3 is minimum. Find places where Support &...
As we can see on the chart, price consolidated above major support zone taken from the monthly chart. If we zoom in to the weekly time frame, we can see a false break from the recent lows and rejection from the bottom of the channel. If we zoom in to the daily time frame, we can see a "V shape" and a small retracement above the previous weekly lows, suggesting...
It seems like Copper price is very close to break the lows, therefore I look to sell and join the wave. Best of luck :-)
By looking at the graph, it appears that we are in a reversal area within the converging triangle. All that remains is to wait for the trigger to start the move. best of luck :-)
It seems like GBPJPY can go higher from here (On the chart critical zones and targets) . * Idea is valid as long as price will not close under the blue line zone . best of luck :-)
On weekly chart, Price is taking support at this level and in daily chart we have seen very good correction. Its a low probability setup but we can take as a RR is very favourable.
An Inverted HNS on display. Awaiting a Breakout. Above 129 , very likely the price would start trending upwards and Above 150, the pace would most probably pick up. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement...
It is a Weekly Chart. Around the zone of 100 is an intersection of a few resistances, so it is better to enter above 101. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn...
Targeting this trade to 1.3270. Another perfect entry, 0% drawdown. 1:7 ratio trade. As GU made another correction after its bullish run yesterday, I was always going to look for that optimum entry point to catch the buy as low as possible. Current target of 1.3270 is based on BXY gap at 132.7 which is the closest gap to price now after the 132.00 gap was...
Looking for an ABCD Gartley pull back to 42.10 area then a sell off to the 382 of this whole move up from November 2nd low. This correction may go to the 50-61.8% area but i will just watch it as it goes. The AB=CD would take us to around the 40.22 area. If it gets there quicker than 18 1hr bars from the turn point its likely to go lower.
Reliance RSI has approached nearly the COVID bottom. It had bounced up over 1200pts when it reached these levels the last time. If buyers step in, we may see a new base being formed. The stock has been a favourite for investors so far as it's given short-term returns that midcaps & small-caps can only dream of. In fact, it was one of the fastest recoveries from...
Aurora Cannabis (ACB) closed at $6.98 on Sept 11, meeting 2 previous support Lows. Fibonacci ratios and Elliot Waves on this chart fit quite nicely. Key points for a BULLish trend over the next 6 months: Key Support met again. History tells us a breakout may be on the horizon. Declining volume on the downward trade indicates a possibility for a breakout...
Wait for a breakout above 2358 for a safe fresh entry. There has been a long uptrend followed by a consolidation at these levels.
CMP 733 I personally feel this will be EXPLOSIVE in the coming days. Look at the volumes a the breakout out of a 3 VCP. With 50DMA and 200DMA t their positions, I strongly believe that with this momentum, we would see a Golden Cross sooner than later. A lot of positives here. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal...
NZDUSD look a chance for short with low risk high reward