UTTAMSUGAR : Positional Call#UTTAMSUGAR : All Levels mentioned are for Positional call (1-12 months)
Good Strength & Volume Buildup
>> For Swing Trader :
> Try to enter at retracement nr safe entry levels with a stoploss of 250
> Take Quick 5-10% & keep trailling
#positionaltrading
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Happy Trading !!!
Swingtrade
Classic Cup & Handle Pattern On PYPLHigh probability that PYPL trades higher in 2023 towards $120 based on a weekly cup and handle patter.
Note: This is not financial advice. Consult your financial advisor before doing anything.
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Retracement Probability on Monthly ChartBullish Uptrend on Monthly and Weekly charts.
Good Intraday trade on Probable Bearish Reversal return to FIB levels.
Retracement on Weekly is probable.
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Game Plan:
Short Intraday Trades on Weekly Retracement back to Weekly MA/EMA line 21 50.
If retracement happens then we will switch to
Bullish and look for buys back up to test Monthly High
HEROMOTOCO - Bullish Consolidation BreakoutNSE: HEROMOTOCO is closing with a strong bullish consolidation breakout candle supported with volumes
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
NAVKAR - Bullish BreakoutNSE: NAVKAR is closing with a strong bullish breakout candle supported with volumes
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 9% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
BITCOIN SWING LONGOn the monthly time frame, the DTD is current bullish. Currently, we are at the last bullish impulse wave which is wave 5 which contains five waves (12345 waves). With a breakout and a retracement as a confirmation, I can actually, comfortably look for buys targeting 120000.00 price level as 161.8% fibs target also.
Buy Some New Shorts Pt. 2
Simple analysis here. The VIX is closing in on strong dynamic and static support.
Buy volatility, sell/short high-risk assets (1-6 month timeframe).
No change in my intermediate and long-term thesis. Still early innings of a bear market. Market conditions are steadily worsening.
Looking for a move in VIX to the static resistance level of 35.8 in the coming months.
Good luck! This is not financial advice.
EURNZD: Your Trading Plan For This Week 🇪🇺🇳🇿
EURNZD is trading within a falling channel on a daily time frame.
For the last 2 weeks, the pair is consolidating, though.
The price formed a descending triangle formation - a bearish accumulation pattern.
To catch a bearish continuation, wait for a bearish breakout of 1.673 - 1.679 horizontal support.
After a daily candle close below that, a bearish continuation will be expected.
Goals will be 1.66 / 1.65
Be patient and wait for a breakout.
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$TSLA call trade idea updateThe trade idea I presented in my previous Tesla post (linked) did not work because price went lower on Thursday and pulled RSI down below 35 (orange rectangle).
My initial idea on 16 Nov. was for RSI to move higher from 35 as price rose. Instead RSI fell and stayed below 40 for two days (remember this is a 30m frame), until the green candle in the final Friday hour.
After two days of very little price movement, which is quite unusual for this stock, stochastic %K(10) gave a sign of strength (yellow arrow) in the final hour Friday.
Yellow box marks 2-3 candles that create the stochastic spike
Notice the candles in Friday's box seem insignificant, except for a higher close, yet %K shows the strength.
To the left, there is a yellow arrow marking a %K spike that matches with a very bullish candle. Price continued to gradually rise over the next four days. However looking at RSI below 30 on 9 Nov, I expected it to stall under 65 for a reversal. Now price has returned to make new lows but closed above 180, which is a good sign.
Along with the %K spike on Friday, RSI moved over 40 but has yet to cross into bullish territory. I am looking for a candle close over the downtrend line, ideally early Monday, that pulls RSI over 50. If Friday's %K stochastic sign is supported by further buying, then RSI should, Mon-Tues, move over 67 and stay over 50.
If price spends time struggling under 180 during the first half of Monday or quickly makes a new low, then this trade design is completely negated and I may look for puts down to 160.
KOTAK BANK- Pullback tradeThe stock broke above the Previous Resistance with a Big Bull Candle with a Huge Volume.
Now It is retracing back to the resistance level which would now work as immediate support
Support levels: 1937-1942
Resistance: 1988 and 2016
Type of Trade: Swing, can covert into positional, as higher timeframes are quite a in sync with short timeframes.
Great Risk Reward
CMP: 1952
Immediate target: 1988 and 2016
LUV ~ Swing Trade LongSouthwest Airlines, helluva airline stock has taken a massive hit during this WideSpread Bear Market. Just recently LUV has seen further selloff to levels seen at the COVID Crash Bottom.
Major Support is definitely coming in here, and Demand is heavy. Buyers are and will step in at these prices certainly as the company is not failing... yet lol.
With this in mind, we can be assured, some support is definitely in place at these levels for LUV.
Now to the Real Technicals...
- Bit of a Diamond Pattern forming, and it is breaking toward the upside.
- Retested the 9 ema cloud just today, resulting in a solid healthy pullback following this zone break upwards.
- TTM_Squeeze signaling Bearish Momentum Fading on the Daily, Weekly, and coming Monthly.
- Candle over Candle, with the retest 10/17 (today)
- Relatively strong in the markets past few weeks, discluding today.
- Could see a little bit of an inverse H&S action if you look close enough!
Cons :
Earnings 10/27 can get in the way of this Technicals-Focused Swing Trade
If we dont get break above, this could be printing a clear Bear flag... Otherwise, a good play to the downside!!
Thesis :
A break of 33.4 area could be explosive up to the previous zone area of the higher $30s
Long > 33.4 line break
Options Swing far out could be the play here or shares.
**Just for putting on your radar, I think the setup is nice!**
EUR/USD likely to fall! TP hit!Hey tradomaniacs,
TP quickly hit and now im short.
Technically we see a fakeout and a good chance to short.
Recent PPI shows that its not impressive and priced in to see a lower inflation in the US... Inflation has generally been no topic anymore as peak has been reached.
Now its more the fact that raised rates and upcoming rate-hikes into a recession will cause big problems... I exppect more risk-off!
Market-Depth has shown absorption!