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.
Chart Patterns
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…
XAUUSD crossed 1490 and 1502 levels too in a impulsive move. Now trading at 1512.
So Short Trade set-up is negated.
And above 1500, Gold trend is up. It is a bullish flag breakout on weekly chart.
So Short Trade set-up is negated.
And above 1500, Gold trend is up. It is a bullish flag breakout on weekly chart.
Adani port Stop-loss Hit. Don't play with stop-loss like it's a closing basis and wait for 3:30 to check the closing price.
Stop-loss must be kept in the system, not in mind.
Adani port Symmetrical Triangle Breakout. But the overall trend remains down so not trading upside breakout.
Next Resistance is around 385. So we need to watch price action around that level for a fresh short entry.
Stop-loss must be kept in the system, not in mind.
Adani port Symmetrical Triangle Breakout. But the overall trend remains down so not trading upside breakout.
Next Resistance is around 385. So we need to watch price action around that level for a fresh short entry.
NMDC trading at 129 which is a Fibonacci retracement 0.618% of previous major swing from 162.70 to 74.80.
It's also trading at the upper range of an upward channel which could possibly act as a resistance along with 0.618% retracement.
Short at 128.95
Stop 131.65
Target 115
RISK/REWARD 5:1
It's also trading at the upper range of an upward channel which could possibly act as a resistance along with 0.618% retracement.
Short at 128.95
Stop 131.65
Target 115
RISK/REWARD 5:1
Gail is in a bear market of its own.
The price corrected over 45% from a high of 200 to a low of 110 in the past 18 months.
Gail is trading at a resistance of an upper trendline in a falling price channel.
Today price did break out of the falling trendline but gave up gains at the end of the trading session.
Price falling back inside the channel, creating a long wick indicated selling pressure at the resistance level.
The trend being downward, it’s wise to sell on rallies.
Short 125.50
Stop 128.50 ( Today's High)
Target 100
RISK/REWARD 8:1
The price corrected over 45% from a high of 200 to a low of 110 in the past 18 months.
Gail is trading at a resistance of an upper trendline in a falling price channel.
Today price did break out of the falling trendline but gave up gains at the end of the trading session.
Price falling back inside the channel, creating a long wick indicated selling pressure at the resistance level.
The trend being downward, it’s wise to sell on rallies.
Short 125.50
Stop 128.50 ( Today's High)
Target 100
RISK/REWARD 8:1
Waiting for nifty to trade in the range 11960-11980, and then bounce back to 12008, which is 0.618% retracement level of recent swing.
That's where I'm going long, keeping SL as the low it makes.
But, if nifty slides like a falling knife, then I'm not catching it.
Whenever the market falls because of geopolitical tensions, the fall often doesn't last long. In the short term, crude and currency prices may keep indices under pressure.
Plan your trades and trade your plan.
That's where I'm going long, keeping SL as the low it makes.
But, if nifty slides like a falling knife, then I'm not catching it.
Whenever the market falls because of geopolitical tensions, the fall often doesn't last long. In the short term, crude and currency prices may keep indices under pressure.
Plan your trades and trade your plan.
Neutral Doji:
This is the most common form of the Doji candle where the open and close price falls within the middle of the high and low prices. Outside of a trending market, Dojis are often considered neutral patterns by technical analysts.
Long-Legged Doji:
An extended version of the Neutral Doji is the Long-Legged Doji. It signifies an increased amount of indecision regarding the stock price direction.
Gravestone Doji:
When the open and close of a candle is very close to the low of the candle, this is referred to as a Gravestone Doji. A Gravestone Doji can sometimes indicate a bullish reversal from a downtrend.
Dragonfly Doji:
When open & close of a candle occurs around the high of a candle, this is called a Dragonfly Doji. Traders look for Dragonfly Dojis at the peak of an uptrend and spot bearish reversals.
This is the most common form of the Doji candle where the open and close price falls within the middle of the high and low prices. Outside of a trending market, Dojis are often considered neutral patterns by technical analysts.
Long-Legged Doji:
An extended version of the Neutral Doji is the Long-Legged Doji. It signifies an increased amount of indecision regarding the stock price direction.
Gravestone Doji:
When the open and close of a candle is very close to the low of the candle, this is referred to as a Gravestone Doji. A Gravestone Doji can sometimes indicate a bullish reversal from a downtrend.
Dragonfly Doji:
When open & close of a candle occurs around the high of a candle, this is called a Dragonfly Doji. Traders look for Dragonfly Dojis at the peak of an uptrend and spot bearish reversals.
Expecting FMCG stocks to do well while nifty is consolidating at the upper range.
Nifty likely to hold the low made due to the Us-Iran event on January 6, 2020. Though nothing is predictable, we can't predict the market.
That's why the term stop-loss is a wonderful thing, use wisely and trade safely.
Dabur India Ltd:
Entry 455
Stop-loss 449
Target 487 (New Life High )
Risk/Reward 1:5.50
Nifty likely to hold the low made due to the Us-Iran event on January 6, 2020. Though nothing is predictable, we can't predict the market.
That's why the term stop-loss is a wonderful thing, use wisely and trade safely.
Dabur India Ltd:
Entry 455
Stop-loss 449
Target 487 (New Life High )
Risk/Reward 1:5.50
Chart Patterns
Waiting for nifty to trade in the range 11960-11980, and then bounce back to 12008, which is 0.618% retracement level of recent swing. That's where I'm going long, keeping SL as the low it makes. But, if nifty slides like a falling knife, then I'm not…
Buy Nifty 12020
Stop-loss 11974
Target 12300 and above.
Risk/Reward 1:6
Target all the way back to new highs.
Just buying the dip with 45 point stop-loss.
Trading with the prevailing trend and I am ready to lose small for higher reward.
Or let it hit the stop-loss and go down further for the sake of NMDC & GAIL. :)
Stop-loss 11974
Target 12300 and above.
Risk/Reward 1:6
Target all the way back to new highs.
Just buying the dip with 45 point stop-loss.
Trading with the prevailing trend and I am ready to lose small for higher reward.
Or let it hit the stop-loss and go down further for the sake of NMDC & GAIL. :)
Chart Patterns
Buy Nifty 12020 Stop-loss 11974 Target 12300 and above. Risk/Reward 1:6 Target all the way back to new highs. Just buying the dip with 45 point stop-loss. Trading with the prevailing trend and I am ready to lose small for higher reward. Or let it hit the…
Iran sending some love to US, sending missiles to US army base in iraq. Now there will be retaliation. So Gap-ups and Gap-downs.
Nifty Stop-loss hit in the opening but waited for 5 min candle to break low. Which didn't broke it. But now exiting the trade at cost 12020.
Which is not a good practice but in the event like this one can try. Not Everytime.
Dabur exited at 550. SL.
Not playing with Stops
Nifty Stop-loss hit in the opening but waited for 5 min candle to break low. Which didn't broke it. But now exiting the trade at cost 12020.
Which is not a good practice but in the event like this one can try. Not Everytime.
Dabur exited at 550. SL.
Not playing with Stops
Chart Patterns
NMDC trading at 129 which is a Fibonacci retracement 0.618% of previous major swing from 162.70 to 74.80. It's also trading at the upper range of an upward channel which could possibly act as a resistance along with 0.618% retracement. Short at 128.95 Stop…
nmdc trade update
Expect the NMDC Donimalai mine case to get resolved in the next 3 months. - Karnataka Mines Secy
Yes Sir, take your time. Not in a hurry! 😁
NMDC made a low 118.10
Target is 115
Expect the NMDC Donimalai mine case to get resolved in the next 3 months. - Karnataka Mines Secy
Yes Sir, take your time. Not in a hurry! 😁
NMDC made a low 118.10
Target is 115