tradewithmitra

tradewithmitra

On a daily chart, DOW has closed below 200 MA which calls for a bearish sign. However, there is still some support for the rising wedge. The trendline has broken very strongly on weekly. I think we are close to a halfway mark on correction; possibly 4-5% is still left to go. After that, we should see some possible reversal due to the confluence of: ...

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Long positions can be taken. Break of a symmetrical triangle and retested Prices are above 200MA 123 trend change

tradewithmitra Updated 

BMAX has given a long signal with: Break of a symmetrical triangle on the weekly chart Pennant broken RSI shows divergence on the weekly chart Prices are above 200MA 123 trend change

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S&P500 has started to see the formation of an ascending triangle for a nice continuation of the current trend. The RSI has also shown divergence and MACD has given a buy signal. If the ascending triangle breaks, we can see a new high around 4150

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PIRAMAL is long with good profit potential. 123 trend change Stock above 200 MA Inverse head and shoulder broken with good volume

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Long positions can be taken based on: 123 Trend change Inverse head and shoulder pattern (retested) Prices above 200MA Strong RSI

tradewithmitra

Long positions on daily can be taken. Inverse head and shoulder pattern in play (with a good re-test) Double bottom break Trendline starts to get solid Stock is above 200 MA

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Long positions can be taken: - 123 trend change confirmed above 621.60 - Strong RSI - Above 200 periods moving average Enter above 668 or let the price touch the trendline first and then look for a bullish candle.

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Trend change confirmed at 21.85 based on 123 trend change criteria. Ascending triangle is broken. The stock is above 200 MA Next entry above 23.75 Target around 32. Good luck!

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TCS is a buy: Beautiful chart! It shows resistance getting weaker after multiple tests! It finally broke! The stock is above 200 periods moving average Clear break on the daily chart after consolidation RSI is very strong, actually overbought. I suggest wait for a small pullback and enter the trade Target close to 2900 Safe stop-loss is around 1984 Good luck!

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Long trade can be taken above 380 SEK Stock is above 200 periods movile average Rounding bottom or saucer pattern completion around 380 RSI getting better Good luck!

tradewithmitra Updated 

Short trade based on head and shoulder pattern break and retest. One can also see multiple tops forming RSI weak

tradewithmitra Updated 

Look to buy above 120 upon re-test Triangle continuation pattern Strong RSI Above 200 MA Inverse Head and shoulder Make sure that you see a retest, the stock must break 120 with (hopefully) good volume. Good luck"

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Trend change confirmed above 29.20 The ascending triangle is broken in an upward trend Targets at Fibonacci levels at 38.20 and 50 Potential for huge rewards! Good luck!

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Long positions can be taken due to: - Stock is above 200 periods moving average - Inverse head and shoulder broken and in play - Broadening wedge on monthly broken. Which is a very strong indication to take a long position Long term target around between 825 and 850 remains in place

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After a fall on Feb and March. Four trades were taken. Everything is shown on the chart Comments and suggestions welcome! Good luck!

tradewithmitra Updated 

State Bank of India Analysis 123 Trend change confirmed on 9 July 2020 upon the penetration of 8 June 2020 candle. According to Trader Vic method , long position can be taken here with a stop loss below 22 May 2020 candle. We can see an inverse head and shoulder pattern forming, so we can wait for it to break to enter the trade safety. On 12 August a...

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Electrolux trend change confirmed to bullish based on the 123 trend change criteria on 8th July 2020. That also marks as the ascending triangle break. Entered the trade on 27th July upon re-test completion of the ascending triangle. The overall ascending triangle target is 228. My first target is at 198, which is just below the area of resistance. 18th August...