JSW Steel Positional Traders can use the below mentioned levels Close above 176 Target 182/185 Intraday Traders can use the below mentioned levels Buy above 176 Tgt 178, 180 and 182 SL 174 Sell below 173 Tgt 171, 169 and 166 SL 174.5 ICICI Bank Positional Traders can use the below mentioned levels Close above… Read More »
Last Week we gave Chopad Level of 19500 Nifty opened with a gap down and did all 3 target on downside so EXCELLENT week for chopad followers. Coming week we have 2 important astro date on 18/20 May. Bank Nifty Harmonic No new pattern observed. Bank Nifty Gann Angles Bank Nifty near support zone of… Read More »
Last Week we gave Chopad Level of 9301 Nifty opened with a gap down and did all 3 target on downside so EXCELLENT week for chopad followers. Coming week we have 2 important astro date on 18/20 May. Nifty Harmonic No new pattern observed. Nifty Gann Angles Trading between gann angle,Break of 8900 fall towards… Read More »
As Discussed in Last Analysis Coming week 2 major astro event are there on 11/13 May suggesting another big move on cards. Crude Time Cycle 18/20 May Important time cycle date. Weekly Trend Change Level:2209 Weekly Resistance:2257,2304,2353,2401 Weekly Support:2163,2116,2071,2025 Levels Mentioned are for May Future Crude
As Discussed in Last Analysis Coming week trading below 75.75-75.70 range can push prices towards 75 odd range as Venus is doing sign change which has good impact on Currency. USD is reaching the higher end of range,Break of 75.80-75.75 range can see fall towards 75.4-75.2 range. Major Trend Change date for INR is 18/20… Read More »
FII sold 10.4 K contract of Index Future worth 619 cores, Net OI has increased by 4.9 K contract, 2.9 K Long contract were covered by FII and 7.9 K shorts were added by FII. Net FII Long Short ratio at 0.51, So FII used fall to exit longs and enter shorts. As discussed in… Read More »
As discussed in last analysis Bears need to break 19000 for a move back to 18800/18580. Bulls will get active above 19210 for a move back to 19450/19646.Bank Nifty bears got active below 19000 and did 1 target on downside.As we are near gann angle support Bulls need to move above 19044 for a move… 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 »
Came across a great article here by Brett Steenbarger titled ‘A Self-Help Crash Course for Traders’. The article applies a discipline called ‘brief therapy’ to address the issue of why traders can’t seem to control themselves and make the same mistakes over and over again. It has quite a number of good points. Here’s a… Read More »
What Does A Mechanical Trading System Mean? What Does A Discretionary Trading System Mean? We have discussed about different type of trading system,Once you are able to decide what type of system suits you next is important points to include as part of your trading system. 1) Positive Risk To Reward Ratio Risk to reward… Read More »