Do you want to take benefit of increased volatility,then read it

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Dear Friends,

This is Chandrakant Deo from High Conviction Traders, I hope you must be enjoying the Technical research we are doing and our Stock identification.

We put our rigorous hours to our research and chose high conviction Trading ideas for our traders and below is a small review of what all we could spot in October and how these ideas have enabled our traders mint money in this month.

5% gain in just a week

Our Last weeks (21st October 2018) Sell on Bajaj-Auto was down 5% was quoting below 2425 from our highest selling price of 2550

There was another Stock zoomed after we spotted it 15 days ago

17% Gain in just two weeks

Our Reco. Bharti airtel on 13th October 2018, Recommended @ 280 for a Target of Rs . 331 & 354 made a high of 328 on Thursday, returning handsome 17% gains to our Traders

There Was yet another Sell Recommendation on a stock

10% gain in 3 weeks

Jsw Steel@ 366-376 with just a risk of Rs . 12. We expected this stock to fall to 345 level after seeing the pullback the stock slumped to as low as 333.05 on friday down almost 10% from our Sell recommendation

Today We are presenting you with yet another stock idea a well known private bank looking like falling from the cliff , trading at 1158. You guessed it right.

Kotak Mahindra Bank | Sell @ 1158-1178 | Stop Loss 1199 | Target 1108 to 1082

Today we analysed this stock with yet another Technical analysis Indicator i.e Bollinger Band .

Let me tell you more about Bollinger Bands , it is a technical indicator used to identify swings in stock price with the help of reading the volatility and a mathematical function of Standard deviation. This gives traders edge to really make gains out of arising volatility in the stock.

Sell signal is generated on a stock which closes below 2 standard deviation of 20 day moving average of a stock.

Observation on the Hourly Chart:

Kotak Mahindra bank made a low 1040 on 5th October & a high of 1219 on 22nd October 2018

The stock price closed below 2% of the standard deviation of the 20day SMA which is placed at 1175

The stock is also trading below the Lower Bollinger Band placed at 1160

The stock is coming out of the consolidation zone see green zone UBB & LBB are showing the expansion of the range ( see arrows)

Kotak Bank also closed below the yellow trendline

Hence, the stock may continue its down trend and touch 1108 and 1082 in coming 8-10 Sessions, being the 61.8% & 76.4% retracement levels of the high 1219 & low 1040 respectively

I hope you are connecting yourself to the technicals we are speaking about.

You can also get back to us for any queries or comments.

Billion Dollar question to ask yourself

Have you ever thought you can’t make money in stocks by whatever you do? be it technicals or fundamentals ?

if yes then today’s quote is for you

Trading Mantra :

“Anything is possible with persistence and hard-word. It can be done, and your own determination to succeed is the most important element.” _ Bill O'Neil

Thank you for sharing.

Happy Reading …..

Happy Trading …..

Be a wealthy Trader …..

Trade closed: target reached: Kotak Bank Target 1108 Achieved.
Have you published idea of UPL just in last 2 days for shorting ?
Great call but did not give chance to enter today.........
@pk99133, Yes, true
Excellent Analysis, Lets see for the fruit to come. All the best ..
+1 Reply
Beautiful representation of the Bollinger band volatility concept...Good Luck !
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