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 »
In Continuation with Last week article of Trading Stocks with Symmetrical Triangle’s Chart Pattern lets discuss another triangle pattern Ascending Triangle Pattern Ascending Triangle: This pattern comprises of 2 trendline, one drawn horizontally to mark the resistance, second trendline connects increasing slope of higher low. It is generally a continuation pattern formed during consolidation after… Read More »
Edward Arthur Seykota is a commodities trader who pioneered Systems trading by using early punched card computers to test ideas on trading the markets. He famously said: ” Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible.” Below are the points he has… Read More »
Today again we saw the volatile swing in market, going down on bad news making a panic bottom and than rising during the second half of session. Traders trading without a trading plan and not having proper discipline are bound to looses in such market, as they are unable to change the sides quickly end… Read More »
ICICI Bank ICICI Bank broke its medium term trendline on Budget day formed DOJI candlestick for 2 days and rallied with rest of market in 1 week of march,formed resistance at 50 DMA and gave a pullback.Stock is trading near to its trendline support and tommrow session will be litmus test for the stock. Sell… Read More »
One of the best article read in recent time, Reproducing the same for blog readers Fear is a misunderstood emotion, and one that gets a pretty bad rap these days. We owe our survival as a species to the hard-wired fear that kept us safe from physical threats for hundreds of thousands of years. But… Read More »
IRB IRB share value is approaching its long term falling trendline resistance, Stock has formed a base around 112 odd levels . Stoch is approaching 80.6 and unable to cross the 80.6 Stoch indicator can form a double top and lead to pullback in stock till 115. IRB share is also approaching cluster of long… Read More »
Amateur traders find trading is shortcut way og getting rich quickly, But traders needs to be aware of the stressful aspects of trading and what to do deal with them.Its inevitable a trader has to experience this stressful time in his trading career. Below we have discussed stressful situation experienced by traders and how to… Read More »