EURGBP SELL SIGNALAccording to Beginner Traders the markets going to bounce up and down following the trend in 4H chart as shown by the Yellow Line,
But According to me , If you go to months back there is a "Very High Level of Resistance" at "0.85697" , So the markets definetely gonna follow the trend as showed by the green lines and will definitely be in an upward trend once it hits 0.85697 resistance level as shown by the Red Line , So there are another 2 Resistance Levels which will be my TP's ,
and I decreased a little amount of pips as it should surely hit our TP's and increased 5 pips in Stop Loss(This is another level of resistance) , So we will be very likely to earn profits.
Also the Risk:Reward Ratio is "2.94"
TP1 : 0.86169
TP2 : 0.86403
SL : 0.85419.
Longtrade
HDFC LIFE : Pullback tradeThe stock looks great, we could see a trendline breakout with a decisive candle with good volume.
Though the stock did not see a good momentum movement post-breakout.
Now if it sustains 660 levels, chances are that it might be moving towards 720 initially and then towards 750 levels.
Trade type: Positional
NOCIL for solid returnsNocil looks great on all the time frames, though it is trading near its all-time high, the price structure looks quite positive on higher to lower timeframes.
Now if the stock sustains 200 levels on the daily timeframe, it could move fast towards its all-time high i.e 236 levels.
For swing traders SL can be kept below, 200 levels.
For Positional trading, Sl is a little far, but it worth it, because of current and previous price action, suggesting that it could go beyond its all-time high if it sustains 180 levels on its weekly timeframe.
The post is for educational purposes, if you are trading this, you are trading at your own risk.
This is my view/analysis on NOCIL, do let me know, what's your view on the stock.
ALEMBIC LTD - Trendline BreakoutAlembic has been consolidating in a triangle range for the past 1 month.
Price Action: there is a big bull candle formed within this range on 8 June 2021 on its hourly chart.
Currently Prices are trading near trendline resistance, hence any breakout if happens, then the stock can see a very good move on the upside i.e up to 140 levels initially and also towards 155-160 levels.
Stock can be bought with a SL below 125 levels.
USDCHF Long Trade SetupAfter breaking the previous low, it jumped back quite strongly, and created a reversal impulse. So, I'm waiting for a big enough correction to take a long trade. If the whole downward structure was a complete correction, we will have a nice upward impulse, otherwise, a correction and more downside.
NVIDIA Buy the Retrace for 25% - 45% Gains 1D TF Analysis
Well respected Ascending Channel Printing Higher Highs and Higher lows
with a new ATH Printed on the 2 June I would like to see a
back test of the $590/$600 * 0.618 Fib region before continuation to the upside targeting the
1-1 Fib Extension for a 25% move which sits at the middle of the channel and the 1.618 at the
top of the channel for a 45% gain.
I have highlighted the box for entry and depending on your appetite for risk
you can place SL below the last swing low at 530 or more wider at 450 again this is for you to decide
this is just an example .
Plan the trade and trade your plan , Know your invalidation and always use a SL .
Like and follow for regular analysis and signal setups and check out the related ideas below .
PowerGrid breakout candidatePowergrid is on the list of gainers, today, and I also discussed this post in my previous posts, the stock looks good on all the timeframe and they are in alignment.
On the hourly chart, it closed near the trendline resistance, since the higher frames are positive, I am expecting that we might see a breakout tomorrow and it could be good intraday for tomorrow, the next resistance I see is around 232 levels, stop loss can be placed below 226 levels.
Risk reward might not be favorable for intraday trade, but for swing, where the stock could move up to 240 -242 levels, it could be a good RR Trade.
Thirumalai Chemicals Long Trade for Short and Long Term.The stock has been giving a breakout from its ascending Triangle on weekly basis and then from a 6-month consolidation phase and a straight upmove to 134 levels. This level of 134 was a minor resistance but it managed to close above it and is also
retesting it very smoothly on low volumes supporting the view for a long trade for swing.
The recent financial numbers says there is more potential for the stock to go higher. For the short term one can expect the stock to move further to 172-175 levels.
There are more delivery trades happening into this stock. Hence one can also invest into it for long term benefits.
PS - Even if the price falls down below 134, it has now a great support at 110-115 levels. Therefore suggested Stoploss at 103 for long horizon.
Trade accordingly :D
#Happy trading.
#PurePriceAction.
Delta Corp - getting ready for another jumpDelta Corp Ltd's price action is quite strong, it saw a good move and then consolidate for 3 days, and current levels are good levels to pyramid further.
If stock sustains 170 levels, it is probably moving towards 190 levels.
Refer to the linked post for detailed analysis
USDCHF Long Trade SetupThe downward structure can be a complete correction. If so, we should have a reversal impulse and now, it should be making a correction. That's why I placed an entry order. The next upward movement will break the trendline, and then we'll see how far it will go before a bigger correction.
USDCAD Long Trade SetupThe last low can be the end of the monthly regular flat and the next wave can be a huge upward impulse. After the orange C, it made an impulse, which broke the trendline, and a correction, which bounced back from 0.886 retracement level. So, we may have a complete reversal pattern, and it seems a trade setup is in the making. That's why I placed a pending order.
SHIB has changed its formationDue to Bitcoin collapsing, SHIB changed its formation.
I think after a little downward movement, it forms a new upward trend.
In fact, I don't expect it to form a powerful trend because wave 3 was extended and wave 4 had a sharp collapsing.
Bullish Up Wave 5 and Inverted H&SSeems we will be going up to wave 5 as per the shown targets. Also Fib levels show the same in confluence. Moreover, there is an inverted head and shoulders pattern potentially forming.
I am not a financial advisor and this is not financial advice. It is merely a potential or opinion. Invest at your own risk and do your own research.
Bullish Up Wave 5 and Inverted H&SSeems we will be going up to wave 5 as per the shown targets. Also Fib levels show the same in confluence. Moreover, there is an inverted head and shoulders pattern potentially forming.
I am not a financial advisor and this is not financial advice. It is merely a potential or opinion. Invest at your own risk and do your own research.
USDCAD Long Trade SetupSince the previous weekly low was broken, we may have a complete regular flat. In this case, it will go up and break the previous top at 1.47. Of course, the C wave might not be finished. In this case, we will have a correction and more downside. Now, I'm waiting for the A wave to take a long trade. Although my expectation is a bigger correction, I don't want to miss the next impulse if it goes up directly. If it makes the B wave, I'll hedge my trade.