Swing Trade Set UPA simple, Swing Trade Set UP. Often it is simple trade setup that make lots of money. This is one such set up. Here trend is captured with alignment of MA's . 3 MAs are plotted EMA-10, EAM-21 and SMA 50. To pick the trend, first condition is EMA-10 > EMA-21 > SMA 50. Second condition is price above all these MAs. In the chart it is marked wherever this occurred.
Now to make entry you have to wait till the stock out performs the Index. It can be captured through plotting a indicator named RS or Relative strength. use Bench mark index as #NIFTY50 or #CNX500.
You can see that there are areas where MAs aligned but RS was negative and trend failed. But when all these aligned price moved up nicely. You can exit the trade on deceive break of EMA 21 or SMA 50.
Try this on many charts and lean the nuance before making actual trade.
Nifty 500
TRITURBINE: Swing Long Idea#TRITURBINE: Is potential Long candidate for swing trade.
1) After a Good up trend paused and created a base, Now price approaching for break our region.
2) High Relative strength Vs #CNX500
3) Good AS Rating
4) Volume picking Up substantially as moving up.
5) Decent Fundamentals
6) Good FII & DII holding
7) Given a Break out and retesting. Buy zone 680 -690 wait for bullish price action around that zone. no overhead supply
8) Expected Target Base depth (162 + 676 = 838)
9) Keep 8% SL
ITDCEM: Swing Long#ITDCEM: Is potential Long candidate for swing trade.
1) After a Good up trend paused and created a base, Now price approaching for break our region.
2) High Relative strength Vs #CNX500
3) Good AS Rating
4) Volume picking Up substantially as moving up.
5) Decent Fundamentals
6) FII & DII holding increased
7) Buy above 590 no overhead supply
8) Expected Target Base depth (142 + 590 = 732)
9) Keep 8% SL
Nifty / CNX 500Hello and welcome to this analysis
CNX 500 after a very lengthy period of sideways correction that started in OCT 2021 has shown a very strong reversal in APRIL 2023.
The relative strength chart has now given a fresh signal of further strengthening of CNX 500 over NIFTY, suggesting that CNX 500 stocks shall outperform NIFTY stocks for quite some time. It also means that if there is a correction in markets, the Nifty stocks will correct more than CNX 500 stocks.
From levels point of view today's close has happened at 1.18. As long as the ratio sustains below 1.20 this can move down towards 1.13 and more.
The balance part of this month could lead by the segment.
Trade and Invest wisely
NIFTY500 may outperform the S&P500
RSI has shown a descending triangle - upward breakout
TSI has already given a +ve crossover and now has moved over the 0 line
Similar signal in KST Indicator
Waiting for action signal on NIFTY500 is must before long entry is made
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DISCLAIMER: I am not a SEBI registered investment advisor.
This content is for educational purposes only.
Invest capital at your own risk only after doing your own due diligence
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NIFTY 500 15M HOLY GRAIL TRADING SETUPAdd ADX with 14 period
Add 20 SMA
Watch for these to setup trade
ADX above 30 level (manually add 30 level)
Price above 20 sma
Wait for a pullback that touches 20 sma
Place a buy stop above the high of the candle that touched the 20 sma
Stop Loss below the 20 sma
Take Profit up to you
TP can be price crossing below 20 sma
TP can be a 1 x 2 risk reward ratio
TP could be a fib level