The price action has just breaks below the previous support levels of 1100 and now it is heading towards the 1085, 1075 levels. Good time to short with stoploss 1126.
Target 1085, 1075
Stoploss: 1126
Hi Guys,
We are expecting upward breakout from the bullish flag pattern in asian paints and if we get the breakout we can initiate long positions after checking out our risk:reward.
Thanks for your support...
Happy Trading !
Two scenarios
Firstly, I feel there will be test at 950 level, setting up for a bullish bat pattern, this seems appropriate given the retracement both from point A to C and also B to C leg close to .618 level. But this will be more conservative wait and watch before entering a trade.
Secondly, in the ABCD pattern there is a perfect retracement at .618 level, with...
To be honest I really like the simple trend continuation pullback entries.
They exactly come to our support/resistance zone, stagnates for sometime and raises in our direction most of times.
These setups dont need complicated analysis or any technical analysis at all.
In this particular setup of Asianpaint , Risk reward is above 1.5 or if you decide to wait for...
After almost a year and half consolidating below 900, there is a huge break out. If you are late to the party then there is no need to rush because chasing hardly helps. Two support levels of interest are 950 and 900. 950 being a minor support and 900 a big one. Currently we are selling the calls against the position ( Covered Call Strategy ) but during the...
AM CLOSLEY TRACKING DIS STOCK ONCE I GOT ANY TRADE IN DIS I WILL UPDATE WITH YOU ALL.
HIT LIKE IF YOU ARE AGREE WITH MY VIEW & FOLLOW ME FOR MORE UPDATES AND IDEAS. I REALLY APPRECIATE THAT.
TRADE WITH CARE
REGARDS
KING999
In this stock we have potential 0.618 trade setup wait for that pullback to 0.618 level and short there. entry,stop loss and target given on chart..
TRADE WITH CARE
REGARDS
KING999
Key points that I noted on weekly chart,
1. Lower Lows and Lower Highs
2. Bearish Pattern
3. Bearish Divergence on RSI
4. Bearish Harami Candlestick pattern
It denotes and confirms a trend change signal and I would be very cautious in investing in it. I assume large institutes have started selling this stock.
