AniketKabir

A Silent killer

AniketKabir Updated   
NSE:ITC   ITC LTD
This is my trading journal, not a trade recommendation. Will be Posting and updating the ideas regularly as market progresses, only for educational purposes for me and others who want to benifit from my experince. I will be taking trades both ways, as and when market gives opportunity, hence keeping the investment strategy as Neutral.

DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.

This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Comment:
Comment:
Comment:
Should we try long here in elipse area
Comment:
Waiting for the Sweet Spot!

The chart below shows a typical congestion phase in the market. Price swings are showing both higher lows and lower highs-which means the range is narrowing as price restores its energy. Price will break out of this congestion area but at the moment, we can only guess whether price will break out to the up side or the down side. Can I go long here, since price are falling down along with red median line slope, Where would I put my stop loss order? I like to place my stop loss orders above or below price formations and there are no price formations to hide
under. I still don't have enough information to place any money on a trade. let us watch the market, but be ready...
Trade closed: stop reached:
ITC YOU KILLED ME.

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