Its said, "tough times never last, but tough people do". Its very easy to open a trading account and start trading with out knowing anything about it. And that makes people to trade. To be a profitable trader, a trader needs a trading system/strategy, trading plan based on it, trading rules, risk management, money management, discipline & proper mind set. To...
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Keep your stop loss Outside of a penetration area. The trade will execute after breaking up/down will give you the direction of trade. Following points should be observed before entering to trade. 1) Volume should increase from the normal range of it. 2) The volume with the price. For insta nce , if down-breakout, price fall with raising volume will...
The Control Price basically performing as pivot supports and resistance level on this stock. Therefore, the control price target is 1345 above. You have seen in the chart, how a previous supports or resistance always give twist reaction so, safe first safe target 1339. As a trader, start profiting booking from 1339 to 1347. At value low, and excess plotted...
NSE:TATAGLOBAL HOW TO EXIT THIS TRADE ? THERE IS NO TARGET ON THIS TRADE ITS RATHER BASED ON TREND FOLLOWING SYSTEM . WE HAVE TO CONTINOUSLY SHIFT OUR STOP FOLLOWING THE TREND . FOR EVERY PRICE MOVEMENT SHIFT YOUR STOP UP UNTIL ITS BREACHED . HOW TO FIND THE STOP ? STOP = CMP - 2*(ATR) FOR EXAMPLE ON THE CURRENT DAY : CMP - 253.45 ATR - 8.3 STOP = (253.45)...