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.
We should not buy the 1st dip in the morning today, Nifty trading around 9390 which is the previous swing high.
Nifty still has room to go towards 9260-9175. There is a Gap to be filled at that level.
Trading requires a clear trading plan and trade management. So here is a clear trading plan.
Entry Between 9200-9250
Stop-loss 100-125 Points away from Entry Price.
Target 9700
Risk/Reward 1:5
Remember, this long position will again be in the counter-trend.
The primary and intermediate trends are still down. It is very much likely that nifty may resume the primary downtrend and continue to fall.
But that must not restrict us to take the calculated risk even in counter-trend. We already achieved 1:6 Risk/Reward or 588 points in the previous trade. That was also a calculated risk in counter-trend.
Wait For A Trade Comes to You. Don't Rush, Don't Chase The Price.
No trade is also a good trade.
Thanx.
Nifty still has room to go towards 9260-9175. There is a Gap to be filled at that level.
Trading requires a clear trading plan and trade management. So here is a clear trading plan.
Entry Between 9200-9250
Stop-loss 100-125 Points away from Entry Price.
Target 9700
Risk/Reward 1:5
Remember, this long position will again be in the counter-trend.
The primary and intermediate trends are still down. It is very much likely that nifty may resume the primary downtrend and continue to fall.
But that must not restrict us to take the calculated risk even in counter-trend. We already achieved 1:6 Risk/Reward or 588 points in the previous trade. That was also a calculated risk in counter-trend.
Wait For A Trade Comes to You. Don't Rush, Don't Chase The Price.
No trade is also a good trade.
Thanx.
Chart Patterns
Bharti Airtel - Bullish Pennant Breakout Entry 505 / Stop 484 / Target 570 Risk Reward 1:3
Bharti Airtel Update
Cmp 532, Entry was at 505.
Target 570
Applying Covered Call Strategy.
Short Bharti Airtel 570 CE at 19 and continue holding Bharti Airtel for 570.
Risk Management and Trade Management is most important element in trading.
Cmp 532, Entry was at 505.
Target 570
Applying Covered Call Strategy.
Short Bharti Airtel 570 CE at 19 and continue holding Bharti Airtel for 570.
Risk Management and Trade Management is most important element in trading.
Chart Patterns
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)…
Axis Bank Stop-loss Hit.
Stop-loss always to be placed in systems. Any single tick below the stop-loss price is an SL hit.
There is no watching and waiting in Stops. If Axis closes around 401 and you don't exit assuming that it was on a closing basis, then it's very poor trading discipline.
Nothing is more dangerous than a closing basis Stop-loss.
A gap down tomorrow and your money and risk management are doomed.
Stop-loss always to be placed in systems. Any single tick below the stop-loss price is an SL hit.
There is no watching and waiting in Stops. If Axis closes around 401 and you don't exit assuming that it was on a closing basis, then it's very poor trading discipline.
Nothing is more dangerous than a closing basis Stop-loss.
A gap down tomorrow and your money and risk management are doomed.
Cadila Healthcare is in the uptrend in all time frames. Primary (Monthly), Weekly (Intermediate), and Daily (Short Term).
Plan - A
On a daily chart , the price is trading in a rising channel , recent consolidation formed a falling wedge chart pattern.
Expecting price to breakout and continue its prior trend.
Entry - Above 338
Stop - 320
Target - 449
Risk-Reward 1:6
Plan - B
Take a long entry when price pullback to the prior resistance zone , which is a 290-300 price zone. I will update the trade accordingly if and when happens.
On a weekly chart, the price already broke a prolonged falling channel .
On a monthly chart, the Price went up in an impulsive wave after forming a double bottom and currently consolidating at 0.38% Retracement.
I will be updating this idea frequently as per the price behaviour.
Thank you.
Plan - A
On a daily chart , the price is trading in a rising channel , recent consolidation formed a falling wedge chart pattern.
Expecting price to breakout and continue its prior trend.
Entry - Above 338
Stop - 320
Target - 449
Risk-Reward 1:6
Plan - B
Take a long entry when price pullback to the prior resistance zone , which is a 290-300 price zone. I will update the trade accordingly if and when happens.
On a weekly chart, the price already broke a prolonged falling channel .
On a monthly chart, the Price went up in an impulsive wave after forming a double bottom and currently consolidating at 0.38% Retracement.
I will be updating this idea frequently as per the price behaviour.
Thank you.
Banknifty Trading at lower end of the rising channel.
BankNifty Cmp 19700
Price already corrected sharply and a made a swing high at 21967.
I'm not expecting Banknifty to fall another 1000 points form these levels by Thursday. Expecting consolidation for a day or two before a sharp move to either side.
So here is a positional short option trade.
Short 18500 PE at 105 for target 0.00
Weekly Expiry.
Stop-loss should be as per your risk apatite.
BankNifty Cmp 19700
Price already corrected sharply and a made a swing high at 21967.
I'm not expecting Banknifty to fall another 1000 points form these levels by Thursday. Expecting consolidation for a day or two before a sharp move to either side.
So here is a positional short option trade.
Short 18500 PE at 105 for target 0.00
Weekly Expiry.
Stop-loss should be as per your risk apatite.
Chart Patterns
We should not buy the 1st dip in the morning today, Nifty trading around 9390 which is the previous swing high. Nifty still has room to go towards 9260-9175. There is a Gap to be filled at that level. Trading requires a clear trading plan and trade management.…
Nifty broke yesterday's low and now trading at 9270. Don't buy now wait for the gap to be filled at 9175-9250. We will buy closer to 9200 after the gap fill.
Chart Patterns
Nifty broke yesterday's low and now trading at 9270. Don't buy now wait for the gap to be filled at 9175-9250. We will buy closer to 9200 after the gap fill.
Entry is more appropriate and wise above 9260. Wait for nifty to show some strength.
Chart Patterns
Entry is more appropriate and wise above 9260. Wait for nifty to show some strength.
Okay, Trade is Active and Stop-loss is 9116. A Swing low. Nifty Crossed 9260. Target is 9700.
Chart Patterns
Okay, Trade is Active and Stop-loss is 9116. A Swing low. Nifty Crossed 9260. Target is 9700.
Target is 9700. Risk/Reward 1:4
Chart Patterns
Cadila Healthcare is in the uptrend in all time frames. Primary (Monthly), Weekly (Intermediate), and Daily (Short Term). Plan - A On a daily chart , the price is trading in a rising channel , recent consolidation formed a falling wedge chart pattern. Expecting…
Cadila, Stop-loss hit. Any single tick below 320 is a stop-loss triggered. No Waiting, and No Watching.
Trading set-up is still tradable once it closes above 338 If 318 holds. I will buy it once again at 340.
Or else wait for lower levels at 290-300.
Trading set-up is still tradable once it closes above 338 If 318 holds. I will buy it once again at 340.
Or else wait for lower levels at 290-300.
Chart Patterns
I don't do intraday trading. But shorting options in intraday on trading set-up like this one is my favourite. A GAP Fill Trade. Keep quantities small. Short 18200 PE at 80 Target 40. Stop-loss, when Banknfity spot closes below Yesterday's low on 15m…
Banknfity Closed below yesterday's Low on 15 m timeframe. cmp 102 and it's Stop-loss Triggred.
Chart Patterns
Target is 9700. Risk/Reward 1:4
Trade Closed. Stop-loss Triggered. From 9260 It went to 9440. On this trade no trade management was applied not even trailed the stop-loss at cost, when nifty went up.
We are in a counter rally, or counter-trend which is almost near to end. We are going back to 7500, but slowly.
Technical Analysis & Trading both are different Skills.
We are in a counter rally, or counter-trend which is almost near to end. We are going back to 7500, but slowly.
Technical Analysis & Trading both are different Skills.