#HDFC

Upward sloping parallel channel- characterized by HH-HL's.

Resistance zone: 2350-2372
Support: 2240

#LTI also rising from 61.8% pull back of last major rise
Volume was good last week
If stock sustains above 4500, it can rally towards 5200 in few weeks
#nifty #stocks

not trading call, academic post

#SBIN has formed a shooting star candlestick reversal pattern near prior resistance of 521, now for confirmation we need price sustaining below 511 & RSI entering normal zone below 70
If both happens the stock may see a correction from here
#nifty #BankNifty #stocks

Not trading call, academic post

Often good #stocks make long term bottom near 61.8% pullback of last major rally
#TECHM had fallen from 1800+ levels to sub 1000 level
In weekly chart if it can defend 990-1000 it can resume its long term upmove
Weekly RSI entered above 30
#Nifty
Not trading call, academic post

#Reliance #RelianceIndustries is near bottom end of the channel , If stock sustains above 200 DMA 2510 , the stock can rally towards 3000-3100 levels
#nifty #stocks
Not trading call, academic post

If you use it right, Iron Fly is the most solid risk-defined strategy in trading.

But most people don't know how to adjust the strategy when it goes wrong.

Here are 7 adjustments you can do to lower risk and increase profitability: 🧵

Collaborated with @niki_poojary

0/ Who is this for?

This will greatly benefit people who freeze when it comes to managing their trades and keep booking losses.

Some trade with too much fear as well when things go wrong.

Knowing these adjustments will give you the confidence to try to manage your trades.

Most of them are to lower risk on the side the market is going in.

Some adjustments even increase the profit potential and probabilities of the trade being in profit on expiry.

Let's begin by having a look at the adjustments.

Here is the adjustment number 1 below.

1/ Don't do anything till your breakeven arrives

One reason these strategies go wrong far too quickly is due to adjusting them too frequently.

You can escape most adjustments if you simply wait for the market to arrive at your breakeven.

This will work well in monthly options.

2/ Remove Risk from Untested Side

If you've taken an iron fly and the market has gone up you can shift your put buy upwards and lock the downside risk to potentially zero.

This way you've secured one side and just need to manage the bleeding side.

#Titan can move up if it sustains above 2280, RSI & MACD aiding fresh price breakout
#Nifty #stocks

Not a trading call, academic post

ICICI Bank cmp 800..

Breakout of big Flag and Pole on weekly charts..

Expected levels- 840/880/1000

Support zone- 700..

Keep on radar..

#ICICIBank #investing #Investment #stocks #StockMarket #StockMarketindia #Nifty #BREAKOUTSTOCKS

#ULTRACEMCO stock looking bullish, RSI & MACD very strong
Today was results day, volume was very high, if it sustains above 6450, it can rally towards 7080, i.e. 61.8% Fibonacci pullback of last rise
#cement #stocks #nifty
Not trading call, academic post

#BajajFinance - When I say fresh High, it means this. Bajaj has started a fresh move. If the pullback would sustain then it would be the leader once again in coming bull market.

Bajaj Finance cmp 6266, Breakout of double bottom pattern with bullish RSI divergence.

Expecting levels of 6500/6750/ 7000. Support at zone of 5800-6000. Keep on radar.

#BajajFinance #StockMarketindia #stocks #investing #Nifty #BREAKOUTSTOCKS

#BajajFinance

Chart which has closely mimicked the Nifty move since the start of October'21 correction, has made a higher swing high yesterday.

Nifty is yet to make higher swing high, but still looks promising.

#ITC -293
Daily chart. #MACD About to turn negative.
Due to overlapping structure.
If not immediately new high.
If this happens then lower Fibonacci retracement level 0.236%(258)
0.382% (234) likely to be tested.
Which is also trendline breakout.

View valid till it not cross 311

#SBI
#Daily

Doing all the right things - Nice Setup !!!