As discussed in last analysis Now for coming week 71.95-72 will act as important resistance unable to break fall towards 71.4-71.2 High made was 72 and we saw the fall till 71.31 so we were able to achieve our target perfect top formed on 02 Dec Gann Date and Low 71.4 as per price was… Read More »
As discussed in Last Analysis Low made was 31628 so bears waiting for the target of 31500/31324. Bulls will get active above 31820 for a move back to 31978/32067.As per time cycle we should see a good move in next 2 trading sessions. Bulls got whipsawed above 31820 and bears once below 31628 did all… Read More »
FII bought 3.7 K contract of Index Future worth 240 cores, Net OI has increased by 5.7 K contract, 4.7 K Long contract were added by FII and 978 short were added by FII. Net FII Long Short ratio at 0.86, So FII used fall to enter longs and enter shorts. As discussed in last… 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 leg… Read More »
All traders should have a good trading plan. One of the worst bad habits a trader can have is trading impulsively and without any guidelines. Traders who take the time to make a trading plan are much more likely to succeed, but even with a plan in place we can develop bad habits. A trader… Read More »
Source After 21 years of marriage, my wife wanted me to take another woman out to dinner and a movie. She said, “I love you, but I know this other woman loves you and would love to spend some time with you.” The other woman that my wife wanted me to visit was my MOTHER,… Read More »
Tata Steel Positional Traders can use the below mentioned levels Close below 397 Target 385/377 Intraday Traders can use the below mentioned levels Buy above 403 Tgt 407, 412 and 417 SL 399 Sell below 397 Tgt 393, 389 and 385 SL 401 Indusind Bank Positional Traders can use the below mentioned levels Close below… Read More »
FII sold 7.5 K contract of Index Future worth 664 cores, Net OI has decreased by 2.9 K contract, 5.2 K Long contract were covered by FII and 2.3 K short were added by FII. Net FII Long Short ratio at 0.81, So FII used rise to exit longs and enter shorts. As discussed in… Read More »
As discussed in Last Analysis Now Bulls need to hold 31800 for rally to continue towards 32150/32350. Bears will get active below 31750 for a move back to 31500/31324, Low made was 31628 so bears waiting for the target of 31500/31324. Bulls will get active above 31820 for a move back to 31978/32067.As per time… Read More »
At the broadest level, trading consists of analyzing, synthesizing, and doing. Analyzing is extracting information from markets, immersing ourselves in data. It is our look through the microscope. Synthesizing is assembling those data into a coherent picture, extracting pattern and meaning from the reams of market information. It is our telescopic view. Doing is taking… Read More »