Chart Patterns
Descending Triangle Breakout - Bearish Continuation Pattern TATAELXSI SHORT AT 912 with a Stop-loss of 967 for The Target at 744 Risk 6% & Reward 18.43% Risk Reward Ratio 1: 3.05 Level to Watch out is 885 because it's a 0.618% Retracement level of a Major…
cmp 885
Level to Watch out is 885 because it's a 0.618% Retracement level of a Major Swing, Low at 510.60 and High at 1326.
If Tataelxsi consolidate around this level and losing it's momentum then it's a good chance to hold this support level .
But if it's going to break the support with strong downward momentum and higher volume then we may see lower levels in a sharp fall.
Level to Watch out is 885 because it's a 0.618% Retracement level of a Major Swing, Low at 510.60 and High at 1326.
If Tataelxsi consolidate around this level and losing it's momentum then it's a good chance to hold this support level .
But if it's going to break the support with strong downward momentum and higher volume then we may see lower levels in a sharp fall.
Chart Patterns
Descending Triangle Breakout - Bearish Continuation Pattern Indusindbk Short below 1471 Stop-loss 1490 Target 1406 Risk 1.29% And Reward 4.42% RR Ratio 1: 3.42 http://www.equityearningz.com/trading-ideas/
Indusind Bank now at 1450
So What Indusind bank did today is, it Gave one more bounce, our Stop-loss was tight so we stopped out. But this happnes, we can not avoid it.
And we always keep our stop-loss in system, not in mind, Even if it hit and then go to the other direction we don't care.
STOP MEANS STOP. No Wait and Watch here, Alwasy put your stop-loss in SYSTEM not in mind.
So What Indusind bank did today is, it Gave one more bounce, our Stop-loss was tight so we stopped out. But this happnes, we can not avoid it.
And we always keep our stop-loss in system, not in mind, Even if it hit and then go to the other direction we don't care.
STOP MEANS STOP. No Wait and Watch here, Alwasy put your stop-loss in SYSTEM not in mind.
ICICI BANK has Broken It's Rising Trendline, So 1st Oppourtunity we may get for shorting ICICI BANK is when it get Throwback to It's Rising Trenline.
Look for Price action or Bearish Candlestick Pattern at that level for a Short Trade.
This is 1st possibility, 2nd It can again go to 370 Levels and Form a Right Shouler.
Icicibank has one Gap Fill Pending at 320 Levels, So it's very likely to fill that gap and find support around that level.
Trade is yet to come, It's Just a update. So wait for price development. How it unfolds form here.
Look for Price action or Bearish Candlestick Pattern at that level for a Short Trade.
This is 1st possibility, 2nd It can again go to 370 Levels and Form a Right Shouler.
Icicibank has one Gap Fill Pending at 320 Levels, So it's very likely to fill that gap and find support around that level.
Trade is yet to come, It's Just a update. So wait for price development. How it unfolds form here.
2nd It can again go to 370 Levels and Form a Right Shouler.
ICICIBANK FORMED A RIGHT SHOULDER, NOW WE WILL LOOK FOR BEARISH MOVES TO SHORT ICICIBANK IN COMING DAYS.
Once we get idea what price is doing we can trade the price when it gives us right trading set-up in our anticipated direction.
we will look for bearish formation on hourly chart because we are anticipating bearish move in ICICIBANK form this level. Just get better Risk to Reward Ratio.
If we short as per head and shoulder pattern, Our Short Entry is at 336, Where the neckline is. And it won't give us good Risk Reward Ratio. Because short at 336 and stop-loss at 376. ?
Not a Good trade to make. If SL hit it will be a huge stop-loss.
So we will go to hourly time frame, will look for short set-up.
Shorter time frame hit stop-loss very often. But it will be a good Risk Reward when we are right.
Remember you just need 3 Good Trade with 1: 3 RR ratio. out of 10 trade to be profitable.
ICICIBANK FORMED A RIGHT SHOULDER, NOW WE WILL LOOK FOR BEARISH MOVES TO SHORT ICICIBANK IN COMING DAYS.
Once we get idea what price is doing we can trade the price when it gives us right trading set-up in our anticipated direction.
we will look for bearish formation on hourly chart because we are anticipating bearish move in ICICIBANK form this level. Just get better Risk to Reward Ratio.
If we short as per head and shoulder pattern, Our Short Entry is at 336, Where the neckline is. And it won't give us good Risk Reward Ratio. Because short at 336 and stop-loss at 376. ?
Not a Good trade to make. If SL hit it will be a huge stop-loss.
So we will go to hourly time frame, will look for short set-up.
Shorter time frame hit stop-loss very often. But it will be a good Risk Reward when we are right.
Remember you just need 3 Good Trade with 1: 3 RR ratio. out of 10 trade to be profitable.
Chart Patterns
Descending Triangle Breakout - Bearish Continuation Pattern TATAELXSI SHORT AT 912 with a Stop-loss of 967 for The Target at 744 Risk 6% & Reward 18.43% Risk Reward Ratio 1: 3.05 Level to Watch out is 885 because it's a 0.618% Retracement level of a Major…
TATAELXIS Cmp 859.25 and Made a low of 830.10, Pattern Target is 744.
Trailing Stop-loss in TATAELXSI at 925 from 967.
Trailing Stop-loss as per Simple Text-book technical analysis which is very basic and everyone knows, the same is explained in the image.
http://www.equityearningz.com/tata-elxsi-descending-triangle-chart-pattern/
Trailing Stop-loss in TATAELXSI at 925 from 967.
Trailing Stop-loss as per Simple Text-book technical analysis which is very basic and everyone knows, the same is explained in the image.
http://www.equityearningz.com/tata-elxsi-descending-triangle-chart-pattern/
And I am Always Damn Slow in Catching up...
I'm #Niftymidcap100
Is this going to become a good breakout or again free fall later along with large caps ??
I'm #Niftymidcap100
Is this going to become a good breakout or again free fall later along with large caps ??
Every day is not a trading day. When you are in Doubt in trading, you need to stay away from that.
Banknifty is at it's All-Time High, Short Seller are already trapped, Bulls are in total control.
But Who knows, Who gains control later, Either buyers or Sellers ??
Today It's All-time High As well as the most important MONTHLY & Weekly Expiry.
So volatility is very much expected.
In intraday option selling, it's HIGH RISK AND MEDIUM REWARD DAY today.
So, staying away from trading is wise.
Every day is not a trading day, Discipline is the most important thing in trading then strategies and technical analysis.🙏
Banknifty is at it's All-Time High, Short Seller are already trapped, Bulls are in total control.
But Who knows, Who gains control later, Either buyers or Sellers ??
Today It's All-time High As well as the most important MONTHLY & Weekly Expiry.
So volatility is very much expected.
In intraday option selling, it's HIGH RISK AND MEDIUM REWARD DAY today.
So, staying away from trading is wise.
Every day is not a trading day, Discipline is the most important thing in trading then strategies and technical analysis.🙏
Nifty & Banknifty are in a strong uptrend. The last 3 days it's been consolidating.
So according to trading psychology, it's just a normal interruption.
These dips will be bought, And when we are in a strong uptrend, Buying on dips is the best trading technique.
Here we are selling Puts instead of buying index futures. Because with small account size, it's best to short options and grow your account slowly.
To learn more and get calls directly to your what's app click here.
bit.ly/Option_calls
For today's option selling trades.
Visit http://bit.ly/3dec_options_trades
So according to trading psychology, it's just a normal interruption.
These dips will be bought, And when we are in a strong uptrend, Buying on dips is the best trading technique.
Here we are selling Puts instead of buying index futures. Because with small account size, it's best to short options and grow your account slowly.
To learn more and get calls directly to your what's app click here.
bit.ly/Option_calls
For today's option selling trades.
Visit http://bit.ly/3dec_options_trades
Nifty at 20SMA SUPPORT
Will it hold or break? That we can't predict.
But as per technical analysis, in a strong uptrend, 20 SMA is a good support. Once the price rally and test the 20 SMA in a strong up-trend, it's a good buying opportunity.
Either the strong trend will continue for higher levels or wait for a Lower Highs and Lower Lows to confirm a Double Top.
Will it hold or break? That we can't predict.
But as per technical analysis, in a strong uptrend, 20 SMA is a good support. Once the price rally and test the 20 SMA in a strong up-trend, it's a good buying opportunity.
Either the strong trend will continue for higher levels or wait for a Lower Highs and Lower Lows to confirm a Double Top.
• Waiting for bearish price pattern to appear on a lower time frame after nifty crossing 12300 to 12400 levels, and then falling back.
• Will it be a top? We can't predict that but we can trade that with a proper stop-loss.
• That's what trading is all about. We are trading a probability. Will it be profitable to trade or not? That no one knows.
So, keep following NIFTY and wait for the right opportunity for opening a short.
Nifty going strong. Why shorting a fresh bull? So waiting for a bearishchartpattern to appear on lower time frame for opening shorts.
What is a lower time frame that's entirely depends on your size of a trade. 1min is a lower time frame and so H1 too.
• Will it be a top? We can't predict that but we can trade that with a proper stop-loss.
• That's what trading is all about. We are trading a probability. Will it be profitable to trade or not? That no one knows.
So, keep following NIFTY and wait for the right opportunity for opening a short.
Nifty going strong. Why shorting a fresh bull? So waiting for a bearishchartpattern to appear on lower time frame for opening shorts.
What is a lower time frame that's entirely depends on your size of a trade. 1min is a lower time frame and so H1 too.
AdaniPorts
Waiting for opening a big short.
Risk/Reward above 10:1
AdaniPorts is clearly underperforming with the market. While others wait for it to perform we are expecting further bearish move.
I will update the trade with proper stop-loss once the entry is confirmed.
Always plan your trade and trade your plan.
Waiting for opening a big short.
Risk/Reward above 10:1
AdaniPorts is clearly underperforming with the market. While others wait for it to perform we are expecting further bearish move.
I will update the trade with proper stop-loss once the entry is confirmed.
Always plan your trade and trade your plan.
Chart Patterns
AdaniPorts Waiting for opening a big short. Risk/Reward above 10:1 AdaniPorts is clearly underperforming with the market. While others wait for it to perform we are expecting further bearish move. I will update the trade with proper stop-loss once the entry…
Adaniports Trade Active.
Short at 367
Stop at 374
Target at 292 ??? Way too long ??
You must be thinking, it's wishful thinking. Target is set like a greedy trader.
No, it's not greedy trade and target. Look at the weekly chart. Adaniports is underperforming and already in a downtrend.
You need to ride a trend. And weekly and monthly are the real trends.
The daily chart is just a noise which you have to analyze. And using 60 Min as taking entries.
I don't know anytime frame below 1H.
You Are Not In A Ret Race, Right?
Quit Intraday and Think Positional.
*trade is in the trading view paper trading platform. The amount you see is in $ terms.
Short at 367
Stop at 374
Target at 292 ??? Way too long ??
You must be thinking, it's wishful thinking. Target is set like a greedy trader.
No, it's not greedy trade and target. Look at the weekly chart. Adaniports is underperforming and already in a downtrend.
You need to ride a trend. And weekly and monthly are the real trends.
The daily chart is just a noise which you have to analyze. And using 60 Min as taking entries.
I don't know anytime frame below 1H.
You Are Not In A Ret Race, Right?
Quit Intraday and Think Positional.
*trade is in the trading view paper trading platform. The amount you see is in $ terms.
Waiting For Opening a short in Gold$.
Gold$ is Breakout out of falling trendline form it's the multi-year peak of 1560$.
Gold is facing resistance around 1485-1490. Currently gold is hovering around that level.
I am waiting for gold$ to get back inside that falling trendline again. Which will make this breakout as a false one.
Gold$'s weekly and monthly trends are strong. So this pullback, if it comes to 1400$ or anywhere near to that will be a strong buy opportunity.
For now trading short because of bearish daily chart for a pullback to 1400 or near to that.
Entry will be Below 1485$-1480$ Stop 1500$
Target 1400$
Risk/Reward 5:1
Trade not triggered yet. Waiting to trigger.
Gold Prices in INR can down to 38500 to 35000 accordingly. Need to observe USDINR too for GOLD MCX prices.
Gold$ is Breakout out of falling trendline form it's the multi-year peak of 1560$.
Gold is facing resistance around 1485-1490. Currently gold is hovering around that level.
I am waiting for gold$ to get back inside that falling trendline again. Which will make this breakout as a false one.
Gold$'s weekly and monthly trends are strong. So this pullback, if it comes to 1400$ or anywhere near to that will be a strong buy opportunity.
For now trading short because of bearish daily chart for a pullback to 1400 or near to that.
Entry will be Below 1485$-1480$ Stop 1500$
Target 1400$
Risk/Reward 5:1
Trade not triggered yet. Waiting to trigger.
Gold Prices in INR can down to 38500 to 35000 accordingly. Need to observe USDINR too for GOLD MCX prices.