TATA CONSULTANCY SERV LTD
Long
Updated

Does Expectations of technical analyst weighs more than USDINR

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.
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Trading the V
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There have 3 options. 1. after the V forms, keep pressing short until price quits making lower highs. 2. after the V, get long the bump down near the base.(most risk most reward). 3. Wait for it to blast back up through the V and buy retest with the new flow.(less risk less reward).

Next option is to sit back and watch and try to learn something.
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Have faith and take long position.
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INITIATED LONG TODAY USING HEDGE 2259.4 (FUTURE ); BUY HEDGE 2220PE AT 51; ALSO SOLD 2400CE AT 23.65
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LONG POSITON INITIATED ON 1ST SEPTEMBER.
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MORE CONFIRMATION FOR UP MOVE.
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Idea is working fine
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WRONG CHART POSTED
Trade closed: target reached
Close at 2380
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WHEN IS THE TIME FOR OPTION 3 : TRADING THE V
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in bove posted chart, Buy at double bottom with stop loss few pips below it, for prices to blast through the V. Then we can consider third option also.
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Third option is a GO
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PRICES ZOOM PASSED THE RED MEDIAN LINE, THEY MUST COME TO RETEST IT.
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IT HAS STARTED..?
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Almost there..once prices hug median line..will see the response and decide trade.
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Done...!! what next?
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Look out for long at upper parallel of pitchfork.
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ATR is increasing day by day, and it is becoming difficult to analyse positions. Hence closing update in this Stock idea as of now. it has worked perfectly till now. Long exit at upper parallel of pitchfork, till then trailing the stop loss to higher lows.
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NOW CLOSING UPDATES IN THIS IDEA
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CORRECTION TIME: WAIT FOR SHORT OPPORTUNITY
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Trading Range
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4240 coming
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New design
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Disclaimer