MuthiahM

My PredictiveEngine's Intraday call(16-May-18)-L&FTH-Short

Short
NSE:L_TFH   L&T FINANCE HOLDIN
Based on my PredictiveSystem's signals, its going to be a RED candle on 16-May-2018 for L&T Finance holdings - L_FTH

Sell Below: 174.2 for targets -
T1: 172.9
T2: 172.1
T3: 171.3
SL: 175.6

Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Trade active: Opened around T1.
Trade closed: target reached: All targets achieved. Made a low of 171.5 (very close to T3 - 171.3). If one has not shorted this yet, they can do it now at around 173 levels with a SL of 175.6. But beware, market may swing or be in sideways, its little confusing as of now. I am closing this trade.

Comments

what is your strategy to predict this???? may i know it if you like to share
Reply
MuthiahM imamitesh
@imamitesh, Hi Amitesh. Basically I started analyzing a mix of indicators and doing some arithmetic calculations on them to see if they form a certain pattern which will help me to predict the next set of candles or next immediate candle. Based on my study of over 100+ indicators i came up with a final list of some 30+ indicators which were giving reliable results. On top of that I added my own customization and added more logic, to create a predictive system. For example for L&TFinance, sets of RSI and MacD were showing a clear downtrend for the next day, so gave a short call for it and all targets got achieved. Similarly I have 7 predictive systems which I am continuously fine tuning and removing false signals. Overall I am getting 80-85% success rate. I cannot go into much detail of these predictive systems as of now, as I am still fine tuning and once I am completely confident about this, i will release it to all. Right now, I am planning to release my first predictive system soon (either by today or tomorrow) in tradingview for a limited period for general audience to use it and reap benefits out of it. Follow me, for more ideas and indicator scripts.
Reply
imamitesh MuthiahM
@MuthiahM, thank you i really appreciate it...
Reply
You think it'll close upwards of opening price?
Reply
MuthiahM SahilSahni
@SahilSahni, Very much possible.
Reply
prince7210 MuthiahM
@MuthiahM, yes it did indeed.
Reply
MuthiahM prince7210
@prince7210, yeah yes. :-) All because of the election results, the market is swinging. Better to avoid trading until a stable decision is declared in karnataka.
Reply
prince7210 MuthiahM
@MuthiahM, yup I'm exactly doing that. Thank you for the heads up. I am learning a lot from your analysis.
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