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.
Chart Patterns
Lupin breaking support structure and trading in the flag zone or previous consolidation zone after a breakout. Bullish Flag Chart Pattern
Lupin Update
After a Bullish Flag Breakout at 855, it went to 905 and fell back to the consolidation zone. It's still consolidating with an upward bias. Lupin formed a falling wedge pattern and now trading at supply or resistance zone. Revising Stop-loss from 785 to most recent pivot at 805.
Upside target is 950.
Lupin forming a Head & Shoulder pattern as well, a fall below 800 will confirm the Head & Shoulder reversal.
After a Bullish Flag Breakout at 855, it went to 905 and fell back to the consolidation zone. It's still consolidating with an upward bias. Lupin formed a falling wedge pattern and now trading at supply or resistance zone. Revising Stop-loss from 785 to most recent pivot at 805.
Upside target is 950.
Lupin forming a Head & Shoulder pattern as well, a fall below 800 will confirm the Head & Shoulder reversal.
Chart Patterns
Nifty Breaking the most basic structure of market progression. Breaking Higher High - Higher Lows Structure.
Nifty made a clear bearish structure. Lower high - Lower Low.
Look for shorting opportunities on intraday or short term rallies.
Strong support is 8200, A gap to be filled.
Fibbo 1.168% extension is also at 8217. So 8200 zone will be a strong support to watch for a high RR ratio trade.
Near term pullback levels or support is 8700-8740 zone. ( 8700 is a 50% Retracement level of recent up move from 7500 to 9889)
I will look to short rally or the pullback when I get a trade setup with a high RR ratio opportunity.
Look for shorting opportunities on intraday or short term rallies.
Strong support is 8200, A gap to be filled.
Fibbo 1.168% extension is also at 8217. So 8200 zone will be a strong support to watch for a high RR ratio trade.
Near term pullback levels or support is 8700-8740 zone. ( 8700 is a 50% Retracement level of recent up move from 7500 to 9889)
I will look to short rally or the pullback when I get a trade setup with a high RR ratio opportunity.
Chart Patterns
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.
Bharti Airtel... Target Reached.
CMP 585
Entry was at 505,
When the price reached 530, a covered call was applied, shorted 570 call at 19, which is 28 right now.
Exiting this trade at and what we get is,
505-585 = 80 Rs Profit.
570CE, Premium 19 - 28 = 9 Rs loss
What we get is 71 RS and it is 1:3+ Risk Reward Ratio.
Because of covered call we don't get anything above 570+19=589. Even if Bharti goes to 650 our profit will be limited to 505-589, which is 84 Rs.
Our objective of 1:3 RR is Achieved at CMP 585 and Trade is Closed.
Risk/Reward Achieved is 1:3+
CMP 585
Entry was at 505,
When the price reached 530, a covered call was applied, shorted 570 call at 19, which is 28 right now.
Exiting this trade at and what we get is,
505-585 = 80 Rs Profit.
570CE, Premium 19 - 28 = 9 Rs loss
What we get is 71 RS and it is 1:3+ Risk Reward Ratio.
Because of covered call we don't get anything above 570+19=589. Even if Bharti goes to 650 our profit will be limited to 505-589, which is 84 Rs.
Our objective of 1:3 RR is Achieved at CMP 585 and Trade is Closed.
Risk/Reward Achieved is 1:3+
Chart Patterns
TCS update. Price went up from entry price 1850 to cmp 2000. Target is at 2140 Triangle Breakout.
TCS Trade Update.
CMP 1950
Entry was at 1850, A triangle breakout.
TCS respecting support levels.
From 1850 it went to 2032 and fall back to it's previous tops which acted as support levels and now TCS bouncing back from that support zone.
Trailing SL from 1720 to 1850.
Target is 2140.
Will apply more trade management tools, once TCS breaks the upper Flag line.
CMP 1950
Entry was at 1850, A triangle breakout.
TCS respecting support levels.
From 1850 it went to 2032 and fall back to it's previous tops which acted as support levels and now TCS bouncing back from that support zone.
Trailing SL from 1720 to 1850.
Target is 2140.
Will apply more trade management tools, once TCS breaks the upper Flag line.