LIC HOUSING FINANCESelf Explanatory.
Breakout after 3 VCP's and with huge volume.
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Lowriskhighrewardplay
INDIABULLS HOUSING FINANCE - Looks ExplosiveCMP 219
There were 2 failed attempts at the breakout around 250.
A tilted inverse Head and Shoulder pattern is formed.
With today's candle , the top points are also in sync forming a trend line and the price seems to be breaking out tomorrow (28/08/2020). Watch out!
MACD also looks supportive of the move.
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INDUSIND BANKSimple chart based on price action. A parallel channel within another channel.
Breakout from the inside channel.
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KOTAK MAHINDRA BANKAfter 5 unsuccessful attempts, finally a breakout suggests the stock is ready for a fresh rally.
The last days candle did a retest and also closed well above which indicates strength.
Enter on any dips if available.
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Aarti Industries - Handle in formationLooks like the retracement is complete however, even if it retraces a little more keep a close watch and enter on any dips available. Looks promising for the medium term.
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TATA MOTORS - When to enter ?This chart is made at the request of @Santosh7856.
CMP 143
Even though the stock has finally broken the resistance of the recent ascending parallel channel which is a great sign, the stock still faces 2 resistances from long descending parallel channels i.e from September 2016 and June 2018.
The catch here is the stock looks positive and is supported by MACD as well but only because Nifty might need to take a breather after such a long rally which is why I am in doubt and would ideally not enter at this moment.
Above 158 is quite safe to enter for a long journey as it becomes a very strong support.
The immediate 2 targets are indicated in green lines with the percentage of expected returns.
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STRIDES PHARMAChart is self explanatory.
Breakout happened from the Cup and Handle Pattern but faces a resistance.
Keep a stop loss based on your risk appetite.
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FEDERAL BANKSimple Price Action analysis. Waiting for a breakout.
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MASTEK - Multiyear BreakoutThis is a MONTHLY CHART - so patience is the key. Don't get disappointed in daily pullbacks.
From the year 2000, there has been a resistance around 540.
In 2018 there was an attempt to breakout but the RSI was already overbought and there was a bearish divergence due to which the stock didn't get the required steam to fly.
However from April 2020, we have seen a one way strong rally with a successful breakout. So a monthly corrective candle is expected.
Keep a close watch. Multiyear breakouts tend to be explosive once they start their rally.
APEX FROZEN FOODS - Wait for breakoutCMP 266
A 3 VCP has been formed and is trading at the resistance.
It is also within the 'Ascending Triangle' .
A GoldenCross is also being awaited soon.
On the upside the potential of gains is good at 19.5% and 28% above the resistance of 330.
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AUDJPY : LONGIt seems AUDJPY is very strong and i think we are going to break the highs to the 80.00 zone , at least a spike to that area.
I think that as long as hourly candles aren't closing under 76.00 area then we are going higher.
There is also a good pattern in smaller time frames if you will zoom in.
best of luck :-)
HANG SENG : BUY BOTTOMHi everyone.
As long as weekly / daily bars do not close under the blue line , I believe monthly swing is valid and we may see higher prices .
Anyway, even though it may be the swing low for the next months , do not trade against the trend in the smaller time frame.
Best of luck :-)
Plausible Sunday Snipe set upGBPAUD coming off a strong push up from last week. . .
I can see a correction/retracement into back to key zones of Interest before going up
Wyckoff accumulation possible spring pushing up then possibly correcting into a "spring Range " for Reentry Buy opportunities . . . .
Set alarms for key zones 1.795-1.79000 (half & Quarter LEvels alarms for buy in if price delivers specific acumm lower time frame fracal buy in with narrow parameter of risk as always
HAppy trading HAppy week Let's stay in Abundance ;]
Scalping Opportunity --SHORT on price rejectionHi Traders,
Hope you are doing good!!
I am going to share with you the scalping opportunity. Less risk, high rewards based on your profile.
You can trade as a normal strategy as well.
Please put a tight stop loss of 5 pips after opening the position. Make sure price rejection wick is not more than 2 pips from open position.
Target: 15 pips.
DXY BIAS/Analysis 5/18/2020Would like to see the DXY pullback a bit before continuing to the upside. Looking to play AU and GA; will look for negative and positive inter-market correlations as confirmations at the same time respectively. Accumulation and Distribution smaller time frame fractal snipes will be my plays.
USDCAD - HIGH REWARD Trading Idea - EASY Breakout SetupHi Traders!
The market is in a downtrend.
As you can see the market is in a descending triangle.
That means, that the market is making lower highs, but no lower lows.
The effect of this pattern is this:
The sellers keep selling at the trendline.
The buyers are buying at the support, but they're making lower and lower profit.
What does that mean?
There aren't any buyers left who can push the price higher.
The SL of the buyers are directly under the support.
CONCLUSION :
If the Breakout occurs:
- The Sellers will sell because of the trendline
- The SL of the Buyers will hit and that'll push the price lower
- The Breakout traders are getting in
Never forget: The more squeezed the market is, the more explosive the breakout will be.
Thanks and good luck :)!
Strong resistance! Low risk, high reward setup!EURCAD has hit a wall at a strong resistance level (purple rectangle) for the past 3 weeks.
There is a bearish divergence on both MACD and RSI, as outlined by the solid black lines.
Consolidation triangle forming, as shown by solid orange lines.
Buy volume is also decreasing, outlined by solid blue line.
Potentially a low risk, high reward setup taking place.
Make sure to follow!
What are your thoughts?
PHC Stock Pick - LongForeverPlant Health Care (PHC) has a rather tasty reversal pattern, this is a bio-agri research chemical company that is in patent acquirement and transitioning out of R&D into profitability.
Stage 1 is the corrective part of the analysis, the highest levels of correction are up to 13p - upon price breaking into stage 2, four profit levels exist, three shown on the chart and a forth is a hold trade, after TP all the way to the end of stage 2.
Brexit and geopolitics currently has UK market in a stranglehold, suffocating price movements and creating volatility without much breakaway movement. A time is coming where this coil is released.
Considering current price of 6.70 as risk level:
TP 1 - 13p | R/R = 1:2
TP 2 - 20p | R/R = 1:3
TP 3 - 55p | R/R = 1:8
TP 4 - 85p | R/R = 1:12
TP 5 - 165p | R/R = 1:24
This is not trading or investment advice.
This is a high risk investment, do your own research and come to your own conclusions, don't use my or other people's ideas as your own, it will backfire, trust in your self not others.