As Discussed in Last Analysis Now bulls need to hold 25250 and close above 25441 for the up move to continue towards 25555/25777/25920 our important vedic number. Bearish below 25200 only for a move back to 25000. Bank Nifty bulls did the 1 target of 25555 now bulls need to hold 25450 breakout level of… Read More »
Most of traders develop trading systems based on patterns we see in price action or in momentum or other indicators. But, what if we took “time” into account as well? When ever we talk of TIME, one person which come to our Mind is legendary W D Gann. But there are many other famous traders… Read More »
Many readers have asked me the following question: “what we are watching and what we are doing is totally opposite ?” “What we would like to act and trade and we do something reverse than that as soon as we see the trading terminal! “ “I do plan ,than trade but anyhow it goes unfollowed… Read More »
CESC Positional Traders can use the below mentioned levels Close below 1051 Target 1021/1000 Intraday Traders can use the below mentioned levels Buy above 1060 Tgt 1066,1072 and 1080 SL 1055 Sell below 1051 Tgt 1043,1032 and 1021 SL 1058 VEDL Positional Traders can use the below mentioned levels Close above 296 Target… Read More »
Last Week we gave Chopad level of 24970 Bank Nifty gave multiple long /short entry and gave 1 Target on downside and 3 on upside before hitting 1 time stoploss so an good week for chopad followers. Lets see how we trade bank nifty in coming week,as we Monthly close and also trading holiday on… Read More »
Last Week we gave Chopad level of 10600 Nifty gave multiple long /short entry and gave 1 Target on downside and 2 on upside before hitting 2 time stoploss so an average week for chopad followers. Lets see how we trade nifty in coming week,as we Monthly close and also trading holiday on 01 May… Read More »
FII’s bought 8.8 K contract of Index Future worth 669 cores ,12.1 K Long contract were added by FII’s and 3.2 K Short contracts were added by FII’s. Net Open Interest increased by 15.3 K contract, so rise in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to… Read More »
As Discussed in Last Analysis As seen below we are stuck in the range and bulls need a close above 25050 for a move towards the higher end of range ie. 25250/25400/25555. Bearish below 24920 for a move back towards 24768/24500/24220. Low made was 25050 so as soon as 25050 was broken bank nifty rallied and… Read More »
Trading psychology contributes about 60% to success and position sizing contributes another 30%. Furthermore, most traders ignore the first two areas and don’t really have a trading system. That’s why 90% of them fail. First, I would argue that trading psychology accounts for 100% of success. Why? This conclusion is based on two findings. First,… Read More »
The AB=CD or ‘lightning bolt pattern‘ Harmonic Pattern AB=CD is a reversal pattern that helps you identify when the price is about to change direction AB=CD pattern is a four point harmonic pattern which may be considered the developmental basis for other harmonic patterns. A-B leg when a market is trending upwards, the first… Read More »