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No Nonsense, Technical Analysis

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Happppy Sunday ❤️❤️❤️
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Happy father's day to all the Cool Dads here!
And if you're not a dad then a Happy father's day to your cool dad. 😁
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Another Chart comparison study this time Entero and Onesource.

This is an old chart of Entero Healthcare

And the current chart of One source Speciality Pharma
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Because of the recent last 2 days dip, im finding a lot of High Risk but Small SL Setups,

High risk small SL means, that the price is very close to a logical SL but if we have another week of Weak market then the SLs will probably hit.

But the SL Figure is very small as the price is near logical support, so if we have a bullish week then one could get entry with very low risk amount.

Will be sharing a few of these High Risk Low SL Setups in a bit.
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High Risk Small SL Setup 1

KIRI IND

Stock has not closed weekly below 27 EMA in a long time.

27 EMA Value is around 584 which can be used as weekly closing based SL

CMP 596

SL of 1.5% Only

27 EMA Support based Setup
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High Risk Small SL Setup 2

NETWEB

This stock gave a full reversal ending in an all ema break out, but due to last couple of bearish days its dipped back into the EMA Band. 10 EMA Weekly is the last ema support it has.

10 EMA Value is around 1760 which can be used as weekly closing based SL

CMP 1781

SL of 1.2% Only

10 EMA Support based Setup
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High Risk Small SL Setup 3

HFCL

HFCL gave a range break out of a rounding bottom pattern above 89.41 but due to the dip came back down, this was also a break out of 10 weekly EMA and price went straight to 27 EMA Resistance within a few weeks. Now price is at 10 EMA again which should act as Support now.

10 EMA Value is around 85.7 which can be used as weekly closing based SL

CMP 86.80

SL of 1.2% Only

10 EMA Support based Setup
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High Risk Small SL Setup 3

EPACK DURABLE

EPACK is in a tight Range above 50 Weekly EMA, it has closed below just one time and even then very next week gapped up and jumped back above the EMA 50 Safety Zone.

50 EMA Value is around 342 which can be used as weekly closing based SL

CMP 344

SL of 0.5% Only

50 EMA Support based Setup
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BTW We hit 30% Gains on our original Goldbees Investment this week, and on the re addition at 78.20 we hit 6.5%
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High Risk Small SL Setup 4

SJVN

SJVN is forming a nice reversal round bottom, giving a tough fight to 50 EMA Weekly these past few weeks for a break out. current Major Support is 10 and 100 EMA Weekly both are at similar levels.

Keeping a small SL of 95 a Good opportunity is there for entry.

CMP 98.45

SL of 3.5% Only

50 EMA Support based Setup
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High Risk Small SL Setup 5

CYIENT

CYIENT was forming a nice reversal setup and gave a break out of 10 EMA weekly as well as an old horizontal high of 1292.

Now it has taken a small hit and is back at the same resistance turned support of 10 EMA and 1292 Horizontal level.

Keeping a small SL of 1290 a Good opportunity is there for entry.

CMP 1304

SL of 0.9% Only

10 EMA and horizontal level Support based Setup
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High Risk Small SL Setup 6

AADHARHFC

Aadhar is mainly working with 27 and 50 EMA Weekly, after a nice recovery from March to April it is now in retracement ans has come down to 27 EMA yet again.

50 EMA Level currently is around 427

Keeping a small SL of 427 a Good opportunity is there for entry.

CMP 437.80

SL of 2.2% Only

50 EMA Support based Setup
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Im sure there are more but these are the setups basically from my running trades or something im keeping close eye on.

Please let there be no confusion

HIGH RISK Here means HIGH CHANCES of SL Hitting as its so small and a weak market can trigger all of them

But even if 1-2 out of these work the Risk Reward Setups are great, as thr SL Amount is tiny!
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Made a full sectoral watch list for Preopening and post closing movement updates.
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Pharma Index Tried giving a range break out last week but didnt sustain, sooner or later we will see the break out.
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Right now the only Indices that look bearish to me are.

NIFTY FMCG
NIFTY Consumer Durables

Yes that includes nifty as well, it doesnt look weak to me.
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Thinking about what to do to pass the time this weekend?

Try these.

Here are the important videos

1. Learn Basic Technical Analysis from Chartopia Google meet Video
https://yt.openinapp.co/qzkk8

2A. 1 min EMA SETUP Guide
https://yt.openinapp.co/tqukh

2B. EMA understanding Guide
https://yt.openinapp.co/v5kzw

3. What is the Chartopia System Deep Explanation
https://yt.openinapp.co/il56138

4. TradingView.com Basic Drawing Tutorial
https://yt.openinapp.co/6wujg

5. How to trade trend line break out: Targets / SL / Risk Reward Ratio
https://yt.openinapp.co/zwc88

6. How to make your own trade journal
https://yt.openinapp.co/cawpo

7. Chartopia Roadmap - Future plans, Per stock Capital Allocation Guide
https://yt.openinapp.co/kg0lf

8. Learn Fundamental Analysis from Pushkar Raj Thakur
https://yt.openinapp.co/g8tlg

9. Learn Price action, Candle Stick and Chart Patterns from Wysetrade
yt.openinapp.co/9rrzz
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