Chart Patterns
April 20, 2020 14:55 PM Yesterday's high again or stop-loss triggered in the gap-up opening. So trade is still open keeping stop-loss at today's 1st 15 min gap-up candle's high @ 9391 Nifty cmp 9250 8300 PE cmp 33
Exiting Short in Nifty 9100 Shorted at 8950. LOSS -150 Points.
Exiting 8300 PE at 36 Shorted at 190.
Profit 154.
Net = No lose, No Profit.
Exiting 8300 PE at 36 Shorted at 190.
Profit 154.
Net = No lose, No Profit.
Chart Patterns
https://in.tradingview.com/chart/NIFTY/s7QrQ268-Nifty-Opening-Long-in-Counter-Trend/
9100 to 9200 100 points not bad for the day, I'm not trading for 100 points gain and target is 500 points at 9600.
Risk Reward 1:5.
Using covered call.
Shorted April 9600 CE @ 68
Risk Reward 1:5.
Using covered call.
Shorted April 9600 CE @ 68
Chart Patterns
https://in.tradingview.com/chart/NIFTY/s7QrQ268-Nifty-Opening-Long-in-Counter-Trend/
Trailing Stop from 9000 to entry price at 9100.
Nifty Cmp 9310.
1:2 achieved so far, awaiting 1:5 at 9600.
April 9600 CE is at 60 ( Shorted at 68)
Nifty Cmp 9310.
1:2 achieved so far, awaiting 1:5 at 9600.
April 9600 CE is at 60 ( Shorted at 68)
Axis Bank
Here's a falling wedge in the middle of an uptrend. Volume picks up on the breakout.
Price also taking support at the previous top. A classic case of Resistance becomes Support.
Long at 423 Stop at 400 Target 550.
Risk Reward 1:5
Using Covered Call.
Short Axis Bank 460 CE April @ 6.
Incase we hit Stop-loss in spot, Option will help in bringing down the cost of Stop-loss.
Remember we are in a counter-trend or rallies. So it's better to be cautious and should trail stop-loss once the position is in favor.
Here's a falling wedge in the middle of an uptrend. Volume picks up on the breakout.
Price also taking support at the previous top. A classic case of Resistance becomes Support.
Long at 423 Stop at 400 Target 550.
Risk Reward 1:5
Using Covered Call.
Short Axis Bank 460 CE April @ 6.
Incase we hit Stop-loss in spot, Option will help in bringing down the cost of Stop-loss.
Remember we are in a counter-trend or rallies. So it's better to be cautious and should trail stop-loss once the position is in favor.
Chart Patterns
9100 to 9200 100 points not bad for the day, I'm not trading for 100 points gain and target is 500 points at 9600. Risk Reward 1:5. Using covered call. Shorted April 9600 CE @ 68
Trade Update : Nifty cmp 9485
Nifty Target is 9600, entry was at 9100.
Risk Reward achieved 1:4+
April 9600 CE shorted at 68 is at 12 now and likely to be 0.00 as expiry is tomorrow.
1:5 Risk Reward will be achieved at 9532 because of the covered call.
9600 - 68CE = 9532
Nifty Target is 9600, entry was at 9100.
Risk Reward achieved 1:4+
April 9600 CE shorted at 68 is at 12 now and likely to be 0.00 as expiry is tomorrow.
1:5 Risk Reward will be achieved at 9532 because of the covered call.
9600 - 68CE = 9532
Chart Patterns
Lupin - Bullish Flag Breakout Pharma - Batting for the bulls. Bullish Flag - Continuation Chart Pattern.
Technical Update
Lupin after a bullish Flag Breakout it went to 906 from 855 and made a swing high.
It falls back from 906 and currently trading at the previous top or previous swing high level.
A classic example of Resistance becomes Support.
Expecting Lupin to reach 950+ in May series. Cmp 863
Lupin after a bullish Flag Breakout it went to 906 from 855 and made a swing high.
It falls back from 906 and currently trading at the previous top or previous swing high level.
A classic example of Resistance becomes Support.
Expecting Lupin to reach 950+ in May series. Cmp 863
Chart Patterns
HDFC Bank trading at 945 not crossing even day's open. Opened at 951 and high made 960.95 in 1st 15 minutes of trading. So we can not get that level for a trade. HDFC bank probably trading in resistance and time is now to open a trade. Trade : Shorting…
Hdfc Bank Stop-loss Hit. Traded After Results.
880 PE is 0.15
And Spot hit 990 ( stop level )
Entry was @ 946+15 = 961
880 PE is 0.15
And Spot hit 990 ( stop level )
Entry was @ 946+15 = 961
Chart Patterns
Trade Update : Nifty cmp 9485 Nifty Target is 9600, entry was at 9100. Risk Reward achieved 1:4+ April 9600 CE shorted at 68 is at 12 now and likely to be 0.00 as expiry is tomorrow. 1:5 Risk Reward will be achieved at 9532 because of the covered call.…
Time to close the NIFTY long.
Exit Nifty at 9800
Exit 9600 CE at 180
Nifty long at 9100 sells at 9800 = 700 Points profit.
9600 shorted at 68 covers at 180 = 112 Points loss.
Net 700-112 = 588 Points profit.
Almost 1:6 Risk/Reward Achieved.
Exit Nifty at 9800
Exit 9600 CE at 180
Nifty long at 9100 sells at 9800 = 700 Points profit.
9600 shorted at 68 covers at 180 = 112 Points loss.
Net 700-112 = 588 Points profit.
Almost 1:6 Risk/Reward Achieved.
Chart Patterns
Time to close the NIFTY long. Exit Nifty at 9800 Exit 9600 CE at 180 Nifty long at 9100 sells at 9800 = 700 Points profit. 9600 shorted at 68 covers at 180 = 112 Points loss. Net 700-112 = 588 Points profit. Almost 1:6 Risk/Reward Achieved.
Nifty Weekly
Be careful. As we are heading into resistance.
9951-10000 ( Previous Bottoms )
9970 50% Retracement ( 12430-7511)
Still, there is some upside left in nifty but not with lucrative Risk Reward Ratio.
We will look for a short trade as we go higher.
Be careful. As we are heading into resistance.
9951-10000 ( Previous Bottoms )
9970 50% Retracement ( 12430-7511)
Still, there is some upside left in nifty but not with lucrative Risk Reward Ratio.
We will look for a short trade as we go higher.
Chart Patterns
Bullish pennant in an uptrend. Awaiting breakout. After a month-long rally from 19 April 2020 to 15 March 2020, Bharti Airtel taking an 8-day breather and likely to continue higher. Pennants look very much like a symmetrical triangle but are typically smaller…
Bharti Airtel - Bullish Pennant Breakout
Entry 505 / Stop 484 / Target 570
Risk Reward 1:3
Entry 505 / Stop 484 / Target 570
Risk Reward 1:3
Chart Patterns
Technical Update Lupin after a bullish Flag Breakout it went to 906 from 855 and made a swing high. It falls back from 906 and currently trading at the previous top or previous swing high level. A classic example of Resistance becomes Support. Expecting…
Lupin breaking support structure and trading in the flag zone or previous consolidation zone after a breakout.
Bullish Flag Chart Pattern
Bullish Flag Chart Pattern
Chart Patterns
TCS breaking out of a triangle and the price is moving in a rising channel. Go long as per your risk appetite and capital management. Buying breakouts offers a poor risk-reward ratio. So, it's better to look for a suitable risk-reward before trading.
TCS update.
Price went up from entry price 1850 to cmp 2000.
Target is at 2140
Triangle Breakout.
Price went up from entry price 1850 to cmp 2000.
Target is at 2140
Triangle Breakout.
Chart Patterns
Axis Bank Here's a falling wedge in the middle of an uptrend. Volume picks up on the breakout. Price also taking support at the previous top. A classic case of Resistance becomes Support. Long at 423 Stop at 400 Target 550. Risk Reward 1:5 Using Covered…
Axis Bank Trade Update
Falling Wedge Breakout
Axis bank trading at 444. The entry was at 423. Target is 550.
Risk Rewind 1:5
Axis April 460 CE shorted at 6 is now 0.
Stop Loss was at 400 or 23 Rs, is now reduced to 17 Rs.
So if the axis comes to 423+85(17*5) 508, It will be a 1:5 risk-reward.
Risk Management and money management is more important than technical analysis.
Falling Wedge Breakout
Axis bank trading at 444. The entry was at 423. Target is 550.
Risk Rewind 1:5
Axis April 460 CE shorted at 6 is now 0.
Stop Loss was at 400 or 23 Rs, is now reduced to 17 Rs.
So if the axis comes to 423+85(17*5) 508, It will be a 1:5 risk-reward.
Risk Management and money management is more important than technical analysis.