Manappuram Finance: Buying Triangle Breakout

Entry 156
Stop-loss 149
Target - Minimum Target Price 187

Risk Reward 1:4.6

ICICI bank - Buying Pullback - Trendline Support

Long at 376
Stop-loss 361
Target - 444 ( 0.618% Retracement of Previous Swing )

Risk Reward 1:4

Price making Higher Highs and Higher Lows - So going long on this pullback at the trendline support.

Manappuram Stop-loss hit. Any single tick below 149 Is a Stop-loss hit.

Entry 430
Stop-loss 409
Target 530

Risk/Reward 1:5

Axis bank trading at trendline support. Intermediate and short term trends are up. This pullback is an excellent opportunity to go long because of a very favourable risk to reward ratio.

Don't invest more than 5% of your total capital into a single stock.

Entry at 662
Stop-loss 632
Target 788 ( Set as 161.8% of Wave1 )

Risk/Reward 1:4+

Voltas is in a strong uptrend. Price is trading inside an upward channel and formed a bullish pennant . Pennants look very much like a symmetrical triangle but are typically smaller in size, ( volatility ), and duration.

Voltas is in a 3rd Wave and Impulse wave 3 often is the wave with the biggest move. So, usually, wave 3 will move up above or at the upper line of a trend channel. In a rising impulse wave, it is common for the price to reach 161.8% of wave 1.

ICICI Bank Stopped Out at 361

Axis Trading at 443. Trailing the Stop to Entry Price. @ 430

Lic Housing Finance.
Trailing Stop-loss to 381 from 269.
Entry was at 383.25

Voltas
Trailing stop-loss form 632 to 662 at entry price.
Target is 788.

Price made a high of 713.50 today.

Godrej properties - Price is consolidating and trading inside a bullish rectangle

Price rallied from 575 to 900+ in an impulsive move in June 2020, took resistance at 0.618% retracement level. The price is hovering between 850 to 950 range for the last 3 moths.

A clear breakout is awaited above 965 to take a long entry.
Sl should be below 0.618% retracement levels, i.e is below 925-920 levels.

If price corrects form these levels and go below 840 levels before breaking out then this trade set-up becomes invalid.

Trade closed at breakeven. Trailing Stop-loss hit at 430

The price made a low of 661 and closed at 670.
Stop-loss are real-time basis not on closing basis.
So any single tick below 662 is a SL hit.
Trade closed at breakeven.

Trailing Stop-loss to 1338 at Entry Price. CMP is 1223

Target is 1000

Trailing Stop-loss to 1055 in Hdfc Bank
Cmp 1131

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Short Nifty at 15140
Stop-loss 15275
Target 14311 : Where C = A & Risk/Reward is 1:6
Target 13721: Where C = 161% of Wave A & Risk/Reward is 1:10+

It's been a spectacular bull run since March 2020 Lows. Expecting some correction or deeper pullback this time.
Nifty trading at resistance or near to Corrective Wave B highs.

I'm shorting nifty , anticipating that Wave B is completed at 15273, and now we are going lower in Wave C for a target of 14311 ( C=A ) or deeper at 13721 ( 161% of Wave A )

We can never be sure that it's a Wave C and Nifty will fall. Trading is all about probabilities, It's probable that Wave B is completed and Nifty may fall or correction may come in form of Wave C.

We can not control the outcome, we can only control our trade.
If I'm wrong on this trade then my Stop-loss is at 15275 or 135 Points. It's a good opportunity to trade for me because of the Risk To Reward Ratio.
https://in.tradingview.com/chart/NIFTY/7m5kcB6l-Short-Nifty-at-15140-Shorting-at-Resistance-Trading-Wave-C/