Bank Nifty Bank Nifty is respecting the trendline channel with support at important moving averages.Trendline resistance 10197 and support at 9666. Buy above 9750 TGt 9820,9881 and 9935 Sell below 9661 Tgt 9564,9484 and 9444 REC Limited REC has been quiet volatile within range of 182-170. Taking support at 170 and Selling off from 181.… Read More »
As Sunday’s Greek elections approach, consensus is rising Will it be a Lehman Brothers moment for Europe. This will come true , if the hard-left bailout-denouncing Syriza party wins, it could set off a cataclysm in the markets, a chain reaction that would set neighbors and then the whole world on fire. So Will it… Read More »
In the trading world, you will either make money or lose money on any given trade. All that matters in the end is making more money when you’re right than you lose when you’re wrong. Knowing this, traders have learned to accept failure as part of the game, but they also use the information they… Read More »
Bank Nifty Bank Nifty is showing negative divergence after a 1200 points rally,break of 10000 which is trendline support is important for divergence to show effect. Buy above 10142 Tgt 10223,10291 and 10369 Sell below 10060 Tgt 10000,9911 and 9893 REC REC was covered here after the triangle breakout and stock has rallied almost… Read More »
“Don’t think about what the market’s going to do; you have absolutely no control over that. Think about what you’re going to do if it gets there. In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there’s nothing more… Read More »
ICICI Bank ICICI bank is at its trendline resistance of 837,Break of same will lead to a rally till 870 odd levels Buy above 839 Tgt 848,862 and 870 Educomp Channel resistance at 141 odd levels Buy above 142.3 Tgt 144.4,147 and 151 Sell below 139 Tgt 137,136 and 134 BHEL Higher lows with… Read More »
In order to realize the full potential of your trading systems it is critical that you take every trading entry, adjust every stop, and close out every trade as and when your system says you should do. This takes extreme confidence in your trading systems, good robust reliable technology, and the mental discipline to stick… Read More »
Emotion Management After finding a good trade and opening a position to enter the market; that’s when all hell breaks loose. As the trade is executed, control is lost and they either scream in pain or fill with tremendous joy. Emotionally-driven traders miss the key element of winning – emotion management. If your sober mind… Read More »
Traders should always know when they plan to enter or exit a trade before they execute. By using stop losses effectively, a trader can minimize not only losses, but also the amount of times a trade is exited needlessly. Make your battle plan ahead of time so you’ll already know you’ve won the war. Welspun… Read More »
The rules are not hard to understand. Recognizing a profit from a loss is simple. If the rules are easy to grasp and a profit is distinguishable from a loss, where does the problem lie? What makes it so hard to apply the rules? There is something within each of us that has a power… Read More »