Mighty Nifty - Introducing "Vanathi Waves"!

NSE:NIFTY   Nifty 50 Index
482 24 22
Important part in trading is learning trading discipline. Analysis and plan is 50 %. Systematic trading takes another 50%. I have named my trading system as "Vanathi waves"(I have justified the title) Nifty             has taken support at 9610 and bounced back. Buy above 9625 with the stoploss of 9610. Targets are 9645, 9660 and 9680. Sell below 9610 with the stoploss of 9625. Targets are 9585, 9570 and 9560.
We have analysed and planned our trade as usual. Now we are going to see the trading rules. 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal. Analyse and follow your trading plan always.
Note : My trades will get activated and closed as per the trading rules. I will add trading rules as I develop my trading system.
Trade active: Technically all targets reached. As per systematic trading entered at 9670.
Comment: Trade is on with trail stop at 9690.
Trade closed: target reached: Closed at 9690. 20 points gain.
NOT ABLE TO see your updates for almost a week..yes now NIFTY has given a breakout...let us see where it takes us..
vanathi Gururajr
@Gururajr, Resistance around 9700 - 9710 levels.
@VKB, Thank you for the support :)
Welcome back...
vanathi muralipochem
@muralipochem, Thank you for the support :)
Welcome back :)
vanathi InsiderB
@InsiderB, Thank you :)
Eveyone is welcoming u back ( i am also in the list)......... See how many members are happy.... Be Positive.....:)
vanathi thecsgs
@thecsgs, Sure, thank you :)
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