Perfect Technical Analysis!💯
Tata Steel has given a beautiful breakout on the weekly timeframe. We are expecting a smooth and a steady journey towards its targets of 147+
Tata steel 135 to 145 in a month! More steam left! 🍎💣🔥
OFSS 29th February 7500CE was one of my intra-day trades squared off today!
CAPITAL USED - Rs. 23000/-
PROFIT - Rs. 15000/-
PROFIT PERCENTAGE - 65%
As usual I was pre-empting a flag and pole breakout as volumes were amazing and the stock was showing immense strength!
The simple idea of a flag and pole breakout on daily candles gave phenomenal returns in just two hours today!
Logic behind trade shown in the chart!
CAPITAL USED - Rs. 23000/-
PROFIT - Rs. 15000/-
PROFIT PERCENTAGE - 65%
As usual I was pre-empting a flag and pole breakout as volumes were amazing and the stock was showing immense strength!
The simple idea of a flag and pole breakout on daily candles gave phenomenal returns in just two hours today!
Logic behind trade shown in the chart!
Upside Shree Renuka Sugars tomorrow morning at open below Rs. 53/-.
CMP - 52.55
Resistance - 60
Support - 50
Time - 7-12 days.
CMP - 52.55
Resistance - 60
Support - 50
Time - 7-12 days.
Should the weightage of the largest company of the Nifty50 Index be reduced?
The HDFC Bank has given absolutely ZERO returns since the past 3+ years?
Here's a quick comparison between the performance of Nifty50 and HDFC BANK..
Comment down your thoughts below!
Show some love,
Telegram - https://shorturl.at/elrZ5
WhatsApp - https://shorturl.at/cfgoB
Instagram - https://shorturl.at/qOSVY
LinkedIn - https://shorturl.at/erCOY
The HDFC Bank has given absolutely ZERO returns since the past 3+ years?
Here's a quick comparison between the performance of Nifty50 and HDFC BANK..
Comment down your thoughts below!
Show some love,
Telegram - https://shorturl.at/elrZ5
WhatsApp - https://shorturl.at/cfgoB
Instagram - https://shorturl.at/qOSVY
LinkedIn - https://shorturl.at/erCOY
Bharat Forge 29th February 1400CE was one of my carry forward trades which I squared off today!
CAPITAL USED - Rs. 6900/-
PROFIT - Rs. 6050/-
PROFIT PERCENTAGE - 87%
I was pre-empting a channel pattern breakout as volumes were amazing and the stock was showing immense strength!
The simple idea of supports and resistances on hourly charts gave phenomenal returns in just two days!
Logic behind trade shown in the chart!
CAPITAL USED - Rs. 6900/-
PROFIT - Rs. 6050/-
PROFIT PERCENTAGE - 87%
I was pre-empting a channel pattern breakout as volumes were amazing and the stock was showing immense strength!
The simple idea of supports and resistances on hourly charts gave phenomenal returns in just two days!
Logic behind trade shown in the chart!
👍4
FINNIFTY 13th February 20200CE was one of my intraday trades today!
CAPITAL USED - Rs. 3640/-
PROFIT - Rs. 7630/-
PROFIT PERCENTAGE - 209%
As long as the lows shown in the chart were protected, I expected markets to rise. Finnifty selection was done due to the expiry of Finnifty and a huge fall in the previous days.
A quick rise was expected due to RSI which was in oversold zones as well.
The simple idea of a support and resistances on hourly charts gave phenomenal returns in just three hours today!
Logic behind trade shown in the chart!
CAPITAL USED - Rs. 3640/-
PROFIT - Rs. 7630/-
PROFIT PERCENTAGE - 209%
As long as the lows shown in the chart were protected, I expected markets to rise. Finnifty selection was done due to the expiry of Finnifty and a huge fall in the previous days.
A quick rise was expected due to RSI which was in oversold zones as well.
The simple idea of a support and resistances on hourly charts gave phenomenal returns in just three hours today!
Logic behind trade shown in the chart!
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NIFTY 15th February 21700PE was one of the trades taken at yesterday closing.
CAPITAL USED - Rs. 19700/-
PROFIT - Rs. 12640/-
PROFIT PERCENTAGE - 64%
As you can see from the trend line, it was expected to resist the trendline and retest 21544, the previous support once before starting a fresh positive start.
The simple idea of supports and resistances with a mix of horizontal and slanting trend lines on hourly charts gave phenomenal returns from yesterday's close to today's opening!
Logic behind trade shown in the chart!
CAPITAL USED - Rs. 19700/-
PROFIT - Rs. 12640/-
PROFIT PERCENTAGE - 64%
As you can see from the trend line, it was expected to resist the trendline and retest 21544, the previous support once before starting a fresh positive start.
The simple idea of supports and resistances with a mix of horizontal and slanting trend lines on hourly charts gave phenomenal returns from yesterday's close to today's opening!
Logic behind trade shown in the chart!
❤2
POLYCAB 29th February 5000CE was one of the carry forward trades taken today.
CAPITAL USED - Rs. 6800/-
PROFIT - Rs. 8850/-
PROFIT PERCENTAGE - 130%
As you can see from the ascending triangle, it was expected to breakout of the shrinking triangle.
The simple idea of supports and resistances with trend lines on four hourly charts gave phenomenal returns today!
Logic behind trade shown in the chart!
CAPITAL USED - Rs. 6800/-
PROFIT - Rs. 8850/-
PROFIT PERCENTAGE - 130%
As you can see from the ascending triangle, it was expected to breakout of the shrinking triangle.
The simple idea of supports and resistances with trend lines on four hourly charts gave phenomenal returns today!
Logic behind trade shown in the chart!
CONCOR 29th February 1000CE was one of the carry forward trades squared off today.
CAPITAL USED - Rs. 12550/-
PROFIT - Rs. 10150/-
PROFIT PERCENTAGE - 81%
As you can see from a rising channel, it was expected to breakout of the previous horizontal resistances.
A perfect example showing that how horizontal as well as slanting support & resistance points work.
The simple idea gave phenomenal returns today!
Logic behind trade shown in the chart!
CAPITAL USED - Rs. 12550/-
PROFIT - Rs. 10150/-
PROFIT PERCENTAGE - 81%
As you can see from a rising channel, it was expected to breakout of the previous horizontal resistances.
A perfect example showing that how horizontal as well as slanting support & resistance points work.
The simple idea gave phenomenal returns today!
Logic behind trade shown in the chart!
👍3
Today's market will be the trend decider for the next 25-30 days!
The Nifty50 closed at its all time high level yesterday but, I'll wait for a further confirmation based on today's closing of the index.
This is because the Nifty50 Index has closed at 21122 which is just below the previous highs of 21124 and 21126!
Stay cautious and keep a keen eye on the movement of the market, especially post 2pm!
The Nifty50 closed at its all time high level yesterday but, I'll wait for a further confirmation based on today's closing of the index.
This is because the Nifty50 Index has closed at 21122 which is just below the previous highs of 21124 and 21126!
Stay cautious and keep a keen eye on the movement of the market, especially post 2pm!
❤6
Perfect Technical Analysis!💯
Today's market will be the trend decider for the next 25-30 days! The Nifty50 closed at its all time high level yesterday but, I'll wait for a further confirmation based on today's closing of the index. This is because the Nifty50 Index has closed at 21122…
Movement post 2 pm today👇
Up, up and up!🔥💥💰
Stay ready for 22500!🍎🚀
Up, up and up!🔥💥💰
Stay ready for 22500!🍎🚀
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