Weekly Trading Dairy: 14th to 18th June 2021

A thread for discussing all your trades, strategies, ideas, news, stories etc.

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Lot many stocks are moving up , this week few stocks are on my radar , i am anticipating an up move on some of these stocks for this week ( TATA STEEL BSL , BAJAJ HOLDINGS , SWSOLAR, CITY UNION BANK , JCHAC ) ,with lot many charts, as always this is just an idea sharing not a recommendation.
Out of these , one of 2digit stock TATA STEEL BSL is moving up again after a correction , but for me , buying at this level is risky ,if i were to buy TATA BSL , i would look for the price level 75-80. Let me see Renko is strong or candle stick :slightly_smiling_face:









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missed your analysis last week :grinning:

:slightly_smiling_face: so , so many charts!!

Today Nifty negative bias affecting the stock prices , forgotten to add 2 more stocks BHARTI AIRTEL & INDUS TOWER , Anticipating an up move . :slightly_smiling_face:


WHAT system do you use? just based on MAs?

Well my system is based on Volume & Price action , confirmed/validated by MA’s
One example is TATA STBSL WEEKLY chart , if you look at the chart , price was moving with below average volume.

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Renko Chart of CUB was used to find what is the differentiation between Candle stick & Renko , Renko reduces noise compare to candlestick but problem with Renko is ,a trader has to keep large Sl.
Market was in a corrective mode especially by Bank Nifty , There is an interesting thing on PNB is that , PNB is being accumulated on dips and set for an upside breakout. it may fail , who knows? Charts indications& Volumes showing an upside in PNB.



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Market is weak this week , probability of 300 to 500 points correction in Nifty is high , so trading cautiously or if Volatility is high i feel its better to avoid trade for rest of the week, fingers crossed. :thinking:

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Good

Bajaj holding , JCHAC ,Indus tower are holding their positions in a weak market, well done :thinking:

Worked out some anticipated support/resistance levels for Nifty just for study purpose not a recommendation :slightly_smiling_face:R-15796 S-15735-15717-15650-15627-15467-15286

For the last trading day of the week ,some anticipated support/resistance levels for Nifty ( Nifty closed exactly at , Pivot point 15691 so possibility of testing its 17th June low level 15616 is high.)
R-15727/15713 /15690 S-15630,15616,15537,15467,15277