Positional
Is Powergrid a good buy? I was scanning the stocks through the gainers and losers list today, and the stock that took most of my attention is the Powwergrid.
Why? Let me tell you, the first and foremost reason was: the stock went above its all-time high today, though couldn't close above it, but it did make a new high today.
Second: Price Action on All timeframes are in alignment, all pointing in one direction.
Third: RSI is above 60 on daily weekly and monthly charts.
All these parameters, suggesting that we could see a good move in the upside in the stock..
The range i could see for the short term is 225-210, in which stock could consolidate.
Conclusion : Sustaining above 210 levels, stock could see 270 levels in the coming weeks/months.
Type of Trade : Positional, Breakout
Technical View: Hold for Target of 725,770 and 880Technical View: Breakout on Weekly Chart with Increasing Volume, Hold Motilal Oswal Finance for Target of 725, 770, and 880 respectively.
Current Price: 657.50
Keep Stop Loss: 572
Disclaimer: Not a buying/selling recommendation. Please consult your financial advisor before any investment in equity.
Gujarat ambuja exports: Stock for short termSl - 148
Can we bought half quantity now and the other half after the retracement.
Volume are increasing on breakout which is a good sign .
Fundamentally good stock to focus on.
Only quality stocks are shared here. I focus on quality ONLY.
Shoot up your queries in comment section.
BHEL - Swing Trade - Weekly chartThis analysis is done purely on basis of price action and chart patterns.
The analysis is done on weekly TF hence it can take couple of days to couple of weeks/months to reach the target.
The image is self explanatory.
Range for entry, SL and Target is shown in image itself.
Since this is a stock of NIFTY ENERGY index, one can refer the weekly chart of NIFTY ENERGY as well.
This analysis is for study purpose.
Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis/Chart Study
Check out my previous analysis on this stock. Idea is linked below.
TWLOO looks good for a long positionInverted H&S breakout after a downtrend. Look good for a positional trade. Levels mentioned in the chart.
The Inverse Head-And-Shoulder pattern is an example of a bullish reversal pattern.The inverse head-and-shoulder pattern often shows up at the bottom of a move in the market.
AUS200: Possible triple topThis one to watch. For new traders its a nice one to try out on a Tradingview paper trading account.
The possible triple top is into a zone of congestion. Price may go up or it may go down - only two directions here.
All you can do is take a controlled affordable loss (aka stoploss).
This is positional play for finding a trend south on a lower time frame.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
PNB Analysis Positional March 2021Refer to chart for more details. PNB forming the head and shoulder pattern, on the otherhand has kept the support line accelerated. Breakout with strong momentum on both side may lead to a market move, but direction is highly unpredictable. Please keep these support and resistane levels handy.
Trading is subject to market risk. Step as per your risk appetite under professional supervision.
Positional and Intraday View for NIFTY Index for Feb 22 2021All values are for SPOT
Current Position is SHORT and Shorted on 17FEB @ 15284.88. Continue SHORT and reverse to LONG in NIFTY closes above 15038.22 on 22 nd FEB .
Intraday levels for 22nd FEB (without GAPUP/DOWN adjustments of FEB 22).
Buy Above 15003.09
Buy Targets 15038.22 15073.16 15101. 40 15129.63 15169.83 15194.24 15277.52 15368.93
Sell Below 14960.41
Sell Targets 14925.28 14890.34 14862.10 14833.87 14793.67 14769.26 14685.98 14594.57