Summary
► HTF is in uncharted area with "Pin bar", which infers "highly negative" bias".
► I believe sellers are still dominant. Nifty heavyweights Reliance and ICICI earnings are mixed, hence be cautious.
► I am repeating what I said on 14th July. " Market in DTF market is moving sideways which infers STAGE 3 as per Stan Weinstein methodology, which means all big folks are selling their shares to retail folks hence, expect correction".
► Another thing I noticed is large caps are on downward trend while small caps are in uptrend, which is not a good sign.
► Pivot analysis infers TRENDING DAY bias. But, ADR is pretty high hence, big whipsaws are possible, but one sided moves are of low probability.
► During these kind of market ensure to trade at "KEY LEVELS" only.
► Support levels 15735/15700
► Resistance levels 15895/15941.
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Trading Plan
1. Any bullish PA above 15851 is stop of 15833 and target of 15898.
2. Any bullish PA above 15882 is stop of 15864 and target of 15903. (Scalp)
3. Any bullish PA above 15924 is stop of 15903 and target of 15965.
4. Any bearish PA below 15829 is stop of 15851 and target of 15806. (Scalp)
5. Aggressive short below 15772 is short with stop of 15794 and target of 15733.
Please let me know if everyday trading plan is working or not for you, by leaving a comment on comments section or personal message and also, please share your honest feedback.
I am also sharing my google sheet with all the traded plans till date and its returns in a google sheet link below. Hope this inspires confidence in you to manage your trade well.
Link - docs.google.com/spre...rRg8Qh89lCA8y_Q/edit
Lastly, am held up usually in personal commitments hence, I may be off a few days. But, if you really like my work and use it everyday let me know, I will publish it by squeezing sometime of my busy schedule.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Bonne chance!!
@Sacredmonkey
Trade active:
Plan 1 in progress
Trade active:
Please move ur SL to cost and book 50% at 15875.
Aggressive traders move SL to cost and book all at 15886
Aggressive traders move SL to cost and book all at 15886
Trade closed: target reached:
Plan 1 target achieved.
Hope u all closed position at 15886 as mentioned above.
Hope u all closed position at 15886 as mentioned above.
Trade active:
Plan 4 is in progress but, pls avoid trading if you are conservative trader. Since, its 3 PM now.
Don't play hard in stock market, Play SMART.!!
Don't play hard in stock market, Play SMART.!!
Trade closed manually:
If you have taken trade please close it manually at LTP . Do not carry position
Stocks trending probability in its sequence
POWERGRID
INFY
BAJFINANCE
TATASTEEL
I will start publishing trading plan for these stocks, if you guys are interested. Let me know