VEDL is following a wave cycle:It has made a head and shoulder in the past.
Now what is really important is the next move, support zone is coming near 143 form this level the the traders may be more active to go for long as it 3rd way will start from this level and it can move up-to 284. The volume is rising.
A-trend
SBI Bullish can move towards T1 280 T2 300 - Ichimoku + ADXSBI Bullish can move towards T1 280 T2 300
CMP 252
Should take 3 to 6 weeks or more
Ichimoku show strong upward trend
ADX is positive too ( sty in the trade till ADX is positive and uptrend )
This is for education purpose only. Pls trade at your own risk
How to trade with DQT, 29th Dec 2020 in NIFTYDQT is one of my indicators,
which you can find here
This is an Educational Video regarding trading Setups with the Help of this indicator,
Overview
Right from my college days I was very curious about how digital signal processing can be applied to the markets in a quantitative fashion. From my experiences in the hedge fund industry, I can relate that there is no such thing as a 100% profitable system, but there are things such as a well balanced system, which gives you a view of the market to take profitable decisions with the flow of the market because ultimately market is the king maker.
So it must be your goal to be profitable, In order to do so, you will have to have a backup of a well designed rule based system which should be profitable in the long run (as you have backtested it)!
So in Trading Alchemy!
Having a good backtested system is just the start of the project of getting into the profitable zone.
Because trading stuffs with money making money requires a lot more of effort !
What will it require ?
A good trading style!
You must figure out your own approach to trade over a profitable system, because its not just buying and selling of the stuffs. Rater it is a risk management game,
No-body knows the exact future, but being human makes us speculate.
You must be able to figure out,
1. When to take the Loss
2. When to Dilute the positions with No Profit No Loss! (Most Important Thing to Learn)
** DQTS provides you a rule based framework beforehand to take trade or support your decisions .
What is Decrypto Quantitative Trading System { DQTS }!
It is a system which I built in my thesis project regarding a fund assignment, It comprises of :
1. A Volume Float Indicator, which helps us map out the Volumetric Support and Resistance of the Market more can be found in my script (in.tradingview.com)
2. A Trend Follower, with polarised fractals.
3. Entry, Re-entry, Exit and Reverse Entry Strategy
4. Game theory based fuzzy logic to filter the noises
Who is this system for ?
It can be used by all set of people, may they be beginners, intermediates or advanced . The main goal of DQTS is to help you see the market in an intuitive format, its your responsibility to trade it in your style,
How to use this System ?
As I said earlier, a Trading system is just a beginning of the road to profitability, DQTS is a backtested system which works fine for all the markets, having an acceptable real life risk to reward ration 2.77 and an averaged profit factor of 1.5.
As you all know all things cannot be coded, there are some limitations in the system, but main purpose of DQTS is a good start point.
DQTS provides traders with a base to start the design of their own custom strategy on top of it, it is fairly amalgamative with other confirming indicators.
What timeframe should it be used ?
1min ... 5 mins , 10 mins, 15 mins, 1H ...... 1D
What If you want to learn how to use DQTS?
Private message me for that, I will be happy to help you guys.
Trend Line Analysis Nifty 50 24/12/20201) Critical Support 13580
2) Critical Resistance 13780
3) Forming Pattern - Double Top
4) Upper Trading Zone 13790 - 13970 Stop Loss 20 Points Target 180 Points +/-50
5) Lower Trading Zone 13590 - 13390 Stop Loss 20 Points Target 200 Points +/-50
6) Risk to Reward Raio 1:5
7) Strict No Trading Zone 13580-13780
Disclaimer : All Views are Personal And Educational Purpose Only. You are exclusively responsible for your Profits and Losses. Use them with your own Risk.
NIFTY FALL TILL 12200 ? OPPERTUNITY OR TRAP?IDEA and analysis is my personal view, take advice from your financial planner before any investment decision.
All needy things mentioned on chart and my previous bank nifty analysis.
If you like, please follow and share my analysis with your near n dear; and save your portfolio by booking your profit for a while.
Happy investment😊
WILL GO DOWN OR RUN UP ? bank nifty view continuation CONTINUATION TO IDEA POST OF HOURS AGO 🕵️♀️
VIEW ON CLOSE 👉
INDEX TOO DIDNT JUMP OFF THE TRAIN
TOOK STOPPAGE (CLOSED) @ THE SUPPORT STATION (TRENDLINE)
WILL THIS TRAIN TAKE A U TURN N GO DOWN TOWARDS KANYA KUMARI OR RUN UP TOWARDS KASHMIR ???
🤦♂️THIS CLOSE MAKES IT MORE INTERESTING EXPIRY DAY 🤦♀️
BELOW IS THE PREVIOUS CHART FOR REFERENCE 👇👇👇
Asian paint stock studyI have been studying stocks for the past couple of months (6 months) to be precise, and have been learning different types of chart techniques.
Have been looking at the Asian Paints stock for study purposes and this is something that caught my eye.
If we consider the uptrend that the stock has been doing and, look at the short term downtrend, can this be considered as a breakout?
Please, note that I am not a professional trader, and am looking just for increasing my knowledge before I step into trading.
All comments are welcome.