Fno
BAJAJFINSV1!29-11
Daily chart of BAJAJFINSV1!
LTP: 1645.15
Trendline (200 EMA) is bullish. Manual trend is sideways.
The first look pattern is similar to a bullish continuation flag.
Support is at 1517.15 (manual) and 1561.35 (200 EMA)
Multiple resistances at 1719.15 & 1774.50
RSI is below 50 and the arrangement is bearish as well.
First rule of trading is that one should never trade against the trend. Here, when the trend is bullish, our strategy should be buy on dips.
Keeping in mind that the RSI is bearish, we will wait for RSI to get in the oversold zone or closer and wait for a bullish reversal to enter into long positions for trading.
My idea is to buy between 1550 & 1575 with an SL of 1500 for targets of 1700++
LT1!29-11
Daily chart of LT1!
LTP: 2069.05
The trends (manual and 200 EMA) are bullish.
The candles are very close to the resistance and the chart structure signals strength.
RSI signals profit booking but there is no confirmed signals of any short selling.
2074.55 is a strong resistance (manual) and we can expect a strong up-move once it is broken.
I think LT1! can be bought for a strong breakout.
HINDPETRO1!29-11
Daily chart of HINDPETRO1!
LTP: 238.85
The long term trends (manual and 200 EMA) are bearish.
RSI is overbought and signals a bearish reversal.
Supports are at 241.50 (200 EMA) and 237.05 (manual)
Strong support zone is between 200 and 207 so it may not be broken.
I think we will witness a profit booking if the candles do not breach 241.50 with strength.
I have gone short with a very strict stoploss for targets of 220 and 210.
BANKNIFTY 30 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
PVR NSC 14th DecHi traders,
this is a price action analysis of the PVR LTD Co. and i can see that there are some good chances to SELL CALL option at strike price :1700
and
SELL PUT option at strike price of 1100 with strike date of 31 DEC 2020
we can see currently we are facing a heavy resistance zone and there are high chances that the market gets range or goes bearish if not able to break the 1500 to 1650 resistance zone
so
we are hoping the price to be range bound between 1100 and 1700 so you can pocket the premium money
with selling both call and put you can increase your breakeven price on both the upper and lower side of the setting
in this scenario we are betting against the volatility of the market and wishing the market to be range bound so we can capitalize on the premium
please comment your opinions
Gold Mini Futures Put and ultimately Callhi
as one of my Indian Friends asked me to analyse the Gold August MINI Future i am doing a simple Fibonacci analysis with some Candle stick pattern confluences.
we can see a Dark Cloud Cover candle pattern are the Top and then a Head and Shoulder is on the formation which is a sign of a bearish movement and the retrace can be up to the last support which is fib 50% around 47350 Rs and fib 61.8% or 47000 Rs, If the price can Break the current support at 47800 Rs and as it reaches the retrace (Support) area, we can go for a call option and target it at 50000 Rs and second target at 51200 Rs
our safe Stop Loss con be at 45480
Nifty 50 Buy and Sell Limit with 3 TPwe have analysed the NIFTY 50 and we believe there is Bullish Move as we see a Three Drive Elliot pattern for which it is forming in a channel and it should finish the Third leg for big Bearish Move.
we prefer to put a Sell Limit order at 13000.00
The Second TP should be the lower channel line and the Third TP we expect to be below the lower channel...
please be vise for your position size and be exact on Stop Loses
Best of Luck
Nifty Trade Setup - 29th juneHello all,
First I would like to say sorry for late update for nifty Trade setup for yesterday. Guys, We had made the damn good profit. It was almost breakout their strongest support when hit 10558 but closed 10589 later of the day. Today we need to wait for first 30 minutes. If nifty closed 10550 then we will go with sell and our target is 10515/10436 but if started to trade above then 10600 then we will buy for 10631 target.
My Trades : gyazo.com
Good luck
Nifty Trade setup for FNO - 26th juneHello Everyone,
Hope you all doing good and making good profit. Our today target has been also achieved and I also make good ROI from my Investments. Currently Nifty has reached again on their support which is on 10760. Remember Nifty is testing this support third time and there is a lot of chances to breakout this support tomorrow because of expiry. so Be aware and wait for first 30 minutes before opening your put.
1. Open put if it's breakout support and started to trade lower then 10740. Target is 10710
2 Open Call if it's rejects to breakout their support and started to trade above then 10770. Target is 10821/10893
Today Result is : i.gyazo.com