A random person is pulled off the street and given 100,000 to trade. They have no prior experience which, on the bright side, means they have no bad habits, emotional baggage, or preconceived notions. Before trading they go through a five day crash course on market basics (order entry process, chart reading, pattern recognition, etc…). … Read More »
Go through the below Points and Decides Which side you are on ? Losers don’t set stop loss order expecting to be faster then the market in case of reversal; winners know that any time news can make the price reacts suddenly. Therefore use protective stop loss in case of news release. This one… Read More »
IDFC IDFC has taken support at its medium term trendline and has given a strong pullback in a weak market.As per Gator oscillator, Green Bar is formed which signify Alligator has woken up and is ready to eat, Stock will continue its pullback once it closes above 145.5 Buy above 144.2 Tgt 145.2,147 and 148.4… Read More »
In Continuation with Last week article of Trading Stocks with Symmetrical Triangle’s Chart Pattern and How to trade Ascending Triangle Chart Pattern lets discuss another triangle pattern Descending Triangle Pattern Descending Triangle: This pattern comprises of 2 trendline, one drawn horizontally to mark the support, second trendline is downward sloping trendline formed by joining the… Read More »
What a week this one was. Wild, sharp, quick, and volatile moves. If you held a position more than 5 minutes the odds are that you felt some pain financially or emotionally. Big winners turned into small winners and small winners turned into big losers in the time it took for a restroom break. Markets… Read More »
It is clear that Technical Analysis has worked in the past and continues to work for many successful traders and investors today. But what are the common aspects that are being were used by these successful market technicians? Unfortunately due to the extreme secrecy surrounding nearly all of these traders, the specific methods that they… Read More »
One of the top three things that will determine the success of a trader is the trader’s psychology, the weakest part of any trading plan is the trader and stress can knock a trader out of trading faster than anything else. You have to trade like it is a business. Realize that it is highly… Read More »
SBIN SBI has been following classical technical analysis support becoming resistance, as shown in above chart, rising trendline which was supporting the upmove is now acting as resistance, stock is showing pullback as soon as it approach the trendline. Stock is also near its 200 DMA @2188 and bounced back sharply. Any close below 200… Read More »
M&M M&M stock has been outperforming Nifty and its Auto peers. Technically stock is near its important rising trendline support of 932 coupled with negative divergence in leading indicators.Continuation of this upmove is only above 935, below this pullback till 901 is expected in short term. Buy above 935 Tgt 940,946 and 952 SL 931… Read More »