Everyone says that psychology is the most important part of trading. So if trading is 80% psychology, what makes uppsychology? I believe psychology can be broken down into two parts: patience and discipline. This article focuses on discipline, and why it is so essential to your trading success. A disciplined trader gets consistent results… Read More »
HZL 157 is Trend Changer level closing above it stock is heading to 165 unable to close above it 152/149 is back on cards. Intraday traders use below mentioned levels Buy above 159.6 Tgt 160.6,162 and 163 SL 159 Sell below 158 Tgt 157,155.6 and 154 SL 159 Bank India Intraday traders use… Read More »
FII’s bought 21.2 K contract of Index Future worth 440 cores, 33.8 K Long contract were added by FII’s and 12.5 K short contracts were added by FII’s. Net Open Interest increased by 46.4 K contract ,so FII’s added both long shorts in Index futures. Nifty continued with formation of higher highs and higher lows but saw… Read More »
There are really four types of trades Good Trade Bad Trade Winning Trade Losing Trade Most people think that a losing trade was a bad . That is absolutely wrong. You can lose money even on a good trade. If the odds on a trade are 50/50 and the payoff is 2 versus a 1… Read More »
One of the conventionally accepted reasons for the unprecedented hedge fund underperformance in 2014 was that the vast majority of the “smart money” left 2013 and entered 2014, just as the 10Y looked set to decisively break out above 3%, long equities, expressed primarily via the Nikkei which went nowhere for most of the year… Read More »
LT Any close above 1542 stock is heading to 1597/1631. Intraday traders use below mentioned levels Buy above 1540 Tgt 1549,1564 and 1580 SL 1534 Sell below 1520 Tgt 1507,1495 and 1465 SL 1534 Century Textile Any close above 555 stock is heading to 576/589/597 Intraday traders use below mentioned levels Buy above 550… Read More »
FII’s sold 10.5 K contract of Index Future worth 244 cores, 9.9 K Long contract were added by FII’s and 20.4 K short contracts were added by FII’s. Net Open Interest increased by 30.3 K contract ,so FII’s added both long shorts in Index futures. Nifty continued with formation of higher highs and higher lows and also… Read More »
You look at mountain ranges and see 5-wave structures and 61% retracements. You look at the night sky & see a hammer pattern instead of the Big Dipper. You know that Head and Shoulders isn’t referring to a shampoo. You go to the bathroom during market hours and it costs you Rs 50000.… Read More »
CESC Any close above 699 stock is heading towards 723/754. Intraday traders use below mentioned levels Buy above 692 Tgt 700,713 and 722 SL 688 Sell below 685 Tgt 679,670 and 665 SL 688 REC Limited Unable to cross above 322 stock is heading back to 300/288. Intraday traders use below mentioned levels… Read More »
Last week we gave the Chopad level of 19076 Bank Nifty achived all 3 targets rewarding Chopad followers with 400+ points. Lets analyze how to trade in coming week Bank Nifty Hourly Bank Nifty hourly chart is forming a triangle pattern breakout comes above 18800 for a target of new high and breakdown 18400 for… Read More »