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Positional Trade setupResistance Breakout: The stock has broken through a strong resistance level twice, as indicated by the horizontal red line and the arrows marked "Breakout." The recent breakout around the ₹3,500-₹3,600 level seems to be significant, with strong bullish momentum, confirmed by the price closing above this level. Volume: The volume spikes during the breakouts suggest that the breakouts are supported by higher trading activity, which often validates the strength of a breakout. Trend: The overall trend is bullish, with higher highs and higher lows forming, especially post-June 2024. The stock may be in an uptrend continuation after successfully retesting previous resistance levels that now act as support. Positional Trade Ideas: Bullish Scenario (Long Position): Entry: If the stock continues to sustain above ₹3,500, a long position can be initiated with a target of ₹4,000-₹4,200 (next potential resistance based on the trend). Stop Loss: Place a stop loss below ₹3,300 to protect against any false breakout or pullback. Target: Short-term target ₹4,000-₹4,200 and medium-term target around ₹4,500 based on the previous price action. Retest Strategy: If the stock retraces back to ₹3,400-₹3,500 levels (former resistance acting as support), it could be a good re-entry point for a long position. Stop Loss: Below ₹3,300. Target: ₹4,000-₹4,200. Bearish Scenario (Reversal): If the stock falls back below the ₹3,500 level with high volume, it may indicate a false breakout. A short position can be considered with a stop loss around ₹3,600. Target: ₹3,200-₹3,100. Conclusion: The stock is currently exhibiting bullish signals with strong breakout patterns. A long position above ₹3,500 could offer good returns if it sustains its upward momentum. However, keep an eye on support levels around ₹3,300 to manage risk effectively.
NSE:GRWRHITECHLong
by RajputAmarjit
Looking good for long positionThe price has made a strong move up to the previous price range (PRZ), and this is supported by strong buying pressure. If the price can close above 1788, it is likely to continue rising. However, there is some concern that the Moneyflow and Relative Strength (RS) indicators are still in negative territory. These indicators measure the strength of buying and selling pressure, and they tend to turn positive before the price makes a sustained move higher. Therefore, it may be best to wait until these indicators turn positive before entering a long position. Happy trading :)
NSE:GRASIMLong
by RajputAmarjit
What is position Trading ? What Is Position Trading? ━━━━━━━━━━━━━ Position trading is a strategy where traders and investors aspire to capitalise on strong pricing trends through entering and remaining present in a market for an extensive term. A position trade is a commitment of both time and money, with the intention of realising a sizable gain from the sustained growth of an open position's value. ━━━━━━━━━━━━━ 📊 Advantages Of Position Trading 📊 ━━━━━━━━━━━━━ The advantages of position trading include the following: 🔵 The negative factors have a minimum degree of influence – if a trader buys, for example, on the weekly chart, he won’t be shocked about the daily price fluctuations. The position trader feels less stressed compared to the day trader. 🔵 The ability to “squeeze out” the maximum of a trend – position traders do not have to regularly open and close positions, thereby losing on spreads. 🔵 High profits – position trading allows you to trade with high leverage, as the probability of a mistake is much smaller than in conventional trading. Disadvantages Of Position Trading The disadvantages of position trading include the following: 🔵 The need for a high deposit – Position trading with the minimum amount of funds is simply irrelevant. It is likely that the strong price fluctuations will lose everything. 🔵 Swap – The swap is a commission paid to the broker for the transfer of the trade to the next day. If the position is open for a long period, the swaps can accumulate a large amount. 🔵 Risk – The risk is much lower when compared to day-trading or swing trading, but if a mistake is made, it will likely be fatal. If a trader goes against the trend, he will lose not only his deposit, but also the time in which he could generate a profit – don’t forget, we are speaking about months.
NSE:NIFTYEducation
by dsp21486