Swingtrading
IDFC-Bullish swing- Will history repeats?
02.09.2024
Buy- Above 115
Target- 119.5
Stop Loss-109.5
Risk Reward- 1:1
1.Breakout-Inside bar breakout
2.Trend- After very good uptrend price is under
downward range channel with frequent LH & LL formations.
3. key level- Price has bounced from horizontal support zone by
formation of triple bottom and
also from channel support level.
4.Volume- Good increasing volumes with above average level
5. EMA- W Patter breakout expected in narrow
view and Bullish flag in broad view(Different time frame)
6. Fair value gap rejection and price crossed 50% level in channel.
BTCUSDT - Swing Long IdeaIn Monday (start of the new week) price swept previous week low liquidity (orange line) and show willingness to go higher by breaking the 4H structure.
So the following week I would expect to see price trades higher, potentially even to opposing liquidity pool like previous week high (orange line)
Thanks you and have a nice trading week! LFG!
SWING IDEA - RK FORGINSRK Forgings , a key player in the forging industry, is showing technical indicators that suggest a promising swing trade opportunity.
Reasons are listed below :
850 Resistance Turned Support : The 850 level, previously a strong resistance, has now turned into a robust support level, indicating a potential floor for the stock price.
Bullish Engulfing Candle on Daily Timeframe : The recent formation of a bullish engulfing candle on the daily chart signifies strong buying pressure and potential for upward movement.
50 EMA Support on Daily Timeframe : The stock is finding support at the 50-day exponential moving average, reinforcing the bullish sentiment and providing a reliable support level.
0.382 Fibonacci Level Support : The price is bouncing off the 0.382 Fibonacci retracement level, suggesting a healthy pullback and resumption of the uptrend.
Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation.
Target - 1000 // 1100
Stoploss - Daily close below 810
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Why I Prefer Swing Trading Over Day Trading
Introduction: When it comes to trading, the choice between day trading and swing trading can significantly impact your stress levels, decision-making, and overall success. In this article, I’ll explain why I choose swing trading over day trading, focusing on the benefits of a more relaxed approach that aligns better with my trading style and goals.
1. Day Trading Can Be Stressful
Constant Monitoring: Day trading requires you to be glued to your screen, monitoring every market movement. This constant vigilance can lead to significant stress and fatigue, affecting both your physical and mental well-being.
Emotional Pressure: The need to make rapid decisions can push traders into emotionally charged trades. The pressure to act quickly often results in mistakes, leading to losses that could have been avoided with more time and analysis.
2. Swing Trading Offers a More Relaxed Approach
Less Time-Intensive: Swing trading allows you to analyze the market at a more leisurely pace. You don’t need to monitor every tick, giving you the freedom to balance trading with other life activities.
Better Decision-Making: With swing trading, you have more time to evaluate market trends, conduct thorough analysis, and make informed decisions. This approach reduces the likelihood of making impulsive trades based on short-term market noise.
3. Swing Trading Aligns with Price Action Strategies
Focus on Market Movements: Swing trading aligns well with price action trading, where the focus is on understanding market movements over days or weeks. This method allows you to identify and capitalize on significant trends without getting caught up in the daily fluctuations.
Fewer Trades, More Thoughtful Entries: Swing traders make fewer trades, but each one is carefully planned and based on a broader market perspective. This thoughtful approach often leads to better long-term results.
Conclusion:
In conclusion, while day trading may appeal to those who thrive on the excitement and rapid pace of the markets, it can also lead to significant stress and emotional trading. Swing trading, on the other hand, offers a more balanced and thoughtful approach, allowing traders to focus on long-term success without the constant pressure of day trading. For these reasons, I choose to focus on swing trading, where I can maintain a healthier lifestyle and make more informed, less emotionally driven trading decisions.
This approach emphasizes the importance of aligning your trading strategy with your lifestyle and psychological strengths, ultimately leading to better trading outcomes.
GBPJPY: Important Bullish Breakout 🇬🇧🇯🇵
GBPJPY broke and closed above a resistance line of
an ascending triangle formation on a daily.
We see a retest of a broken structure and a rising trend line at the moment.
Probabilities are high that the pair will resume growth soon.
Next goal - 194.5
❤️Please, support my work with like, thank you!❤️
#EURUSD: +300 pips buying opportunity one not miss! FX:EURUSD
We have an excellent opportunity to buy a swing entry on eurusd, our previous few setups has hit the target, now since the price is in correction zone, we think it is right time to identify the area where we think price can reverse from. This is the perfect and most ideal zone for buying, if price does not respect our zone then it will confirmed that trend has changed and we will no longer buy EURUSD. Good luck.
Globus spirits ltd. SwingSwing trade , yesterday bulkdeal happened.
Also break on chart previous buyer trap area.
Max loss 5/6%
Target 12/13%
Target based on next previous trap buyer zone area .
Exit when 1056 below 15min candle closed sl trigger,
Or price consolidation start at previous trap area mark zone , cut position here
AUDJPY - Swing Short IdeaIn Monday (start of the new week) price swept previous week high liquidity (orange line) and show willingness to go lower by breaking the 4H structure.
So the following week I would expect to see price trades lower, potentially even to opposing liquidity pool like previous week low (orange line)
Thanks you and have a nice trading week! LFG!
EUR/USD to tag 1.11 before its next leg lower?It is good to finally see the USD strength we were calling for finally come into play. It may have a little further to run, which could see further downside on the weekly chart for EUR/USD. But first, we look at a potential long on the daily and 4-hour chart, taking the weekly analysis into account.
OPUSDT - Swing Long IdeaIn Monday (start of the new week) price swept previous week low liquidity (orange line) and show willingness to go higher by breaking the 4H structure.
So the following week I would expect to see price trades higher, potentially even to opposing liquidity pool like previous week high (orange line)
Thanks you and have a nice trading week! LFG!
Radico Khaitan-Bullish-Will this beverage stock takes rally now? NSE:RADICO
25.08.2024
Buy- 1845
Target-2002
Stop Loss-1739
Risk Reward- 1:1.5
1.Breakout- Parallel resistance breakout. Biggest green candle in last 8 months
2.Trend- Consolidation(Sideways) from 8 months.
3.KeyLevel- At resistance
4.Volume- Volumes increasing in bullish & good volumes in breakout candle
5. EMA- Above 21 & 50 EMA. 200 EMA Rejection
6. RSI-Bullish divergence found
7. Chart Petter- W Pattern formation. Expected to give good breakout
GBPAUD May Continue Falling 🇬🇧🇦🇺
GBPAUD nicely respected a resistance line of a horizontal
daily trading range.
The price formed a double top pattern on that and broke its
neckline, leaving a clear bearish clue.
The fall may continue at least to 1.93
❤️Please, support my work with like, thank you!❤️
BLS INTL SERVS - ROUND BOTTOM BREAKOUTRound Bottom breakout
BUY PRICE : 430
SL : 358 (only for swing traders)
TARGET : 600 (40%)
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
UCAL - 6 YEARS OF "W" PATTERN BREAKOUT6 Years of "W" Pattern Breakout breakout
BUY PRICE : 190
SL : 150 (only for swing traders)
TARGET : 250, 330 (72%)
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
STERLING TOOLS - 7 YEARS OF HIGH BREAKOUT7 Years of Supply Zone breakou t
BUY PRICE : 420 - 460
SL : 338 (only for swing traders)
TARGET : 660, 800 (75%)
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.