Last week we gave Trend Deciding level as 5869 Nifty Nifty achieved 1 target on downside and another one on upside.We discussed the probability of Nifty trading in sideways zone, forming a range before breaking out or breaking down in particular direction. Lets analyze how to trade Nifty in coming week. Nifty Hourly Chart Nifty… Read More »
Gold Mcx Weekly Gold MCX Weekly chart is forming a falling wedge formation with positive divergence.. Gold Weekly Gold in international market is at 3 year low and holding support of 1180 which is at 61.8% retracement on weekly chart. Gold Mcx Monthly Monthly chart is forming a descending triangle with support at 24800. Positional… Read More »
If you are a disciplined, follow the rules trader, then I am sure you are familiar with the many and various ways the stock market can play tricks on you. For instance, a disciplined, technical trader will adhere to a particular strategy based on current market conditions. In so doing, trades are assessed and entered… Read More »
Just a reminder – The Most Important Part of the Trader Success Model – YOU While You are trading or planing to take a trade, It YOU from making a trade plan till trade execution irrespective of profit and loss.Many traders gives excuses like Market is bad so we lost money , Do remember market… Read More »
HCL Tech HCL Tech approaching its resistance of 805-810 odd levels. Unable to cross them can lead to pullback towards its rissing trendline. Buy above 802 Tgt 805,808 and 812 SL 800 Sell below 789 Tgt 785,782 and 776 SL 792 Tata Motors Telco has closed above its 200 DMA.which gives a short term target… Read More »
FIIs bought 660 Index Future worth 18 cores with net Open Interest decreasing by 2648 contracts.FII booked profit in Index Futures. Nifty opened with gap up filled the gap in morning and continued with its rally but was unable to breach and close above 5860. 5750 needs to be watched closely any break below it… Read More »
William O’Neil is likely one of the greatest traders of our time based on many things. O’Neil made a huge amount of money while he was only in his twenties, enough to buy a seat on the New York Stock Exchange. He runs an amazingly successful investment advisory company to big money firms. He is… Read More »
Bajaj Auto Bajaj Auto after breaking out of its trendline crossover zone,formed 3 DOJI pattern suggesting an explosive move is round the corner. Buy above 1893 Tgt 1908,1925 and 1950 SL 1881 Sell below 1868 Tgt 1848,1826 and 1804 SL 1881 IDFC IDFC is near its important medium term support of 123, Holding the… Read More »
FIIs sold 24453 Index Future worth 706 cores with net Open Interest increasing by 5757 contracts.FII have again started shorting Nifty and Bank Nifty Futures. Nifty gave a move as discussed but with a gap down took support near falling trendline and in process broke 5800 odd levels. 5750 needs to be watched closely any… Read More »
Every trader need to Identifying his Strengths and Weaknesses Trading requires as much honesty as is objectively possible. To be able to go over each trade and determine what you did right and what you did wrong requires putting ego aside for the benefit of becoming a better trader. You have to be able to… Read More »