Yes Bank - The Pain is just started ?Hi,
We have nice short setup on daily chart of Yes Bank as a confluence of fib + previous structure along with projected ABCD pattern.
Key levels mentioned on chart.
PS: If you like our ideas/analysis, please like/share them and keep us motivated. If you have any queries, please free to write them in comments. Thank you.
Trade with Care
Gulz.
AB=CD
Nifty : Mix n Match Combo'sThere is an ABCD, there is a triangle formation in development, one potential Double top which is evolving within triangle.. yea... We have various pattern styles in single chart of Nifty. Versatility in one word.
We have good triangle formation, most of you might have found earlier itself & we are expecting a false breakout on the upper trendline with Double top to move down later in the day or 2mrw. WHY ?! Whenever there is less volatility, big funds gets active bcos that's the time they can do stop hunting bcos for positionals stops will be widers, you can't move market till those zones. but in less volatile days, stop loss orders will be crowded in specific zones & bcos of scalping trades it will be within few points reach, so just a single wick takes out the stops on less volatile days.
If I'm not wrong, I think I didn't post that ABCD to community, anyway even if its after move, will be helpful for your learning how it worked , time n again proved.
Nifty made a move while I'm writing the description, not a prob , posting as it is, if you are scalping just take care where your stop orders are placed.
Happy Trading !
Nifty : No Sweetening it... Raw & Live !Any of you missed the rants ? Well,It has been 6 months or so, since I went on for that, actually from last week I was about to do that but postponed it as, why should I do ?! Now it brewed up & filled the cup, brimming to overflow...I'm not gonna mince My words, there is no sweetening it anymore... All Goes Raw n Live...
Why You are Trading ?
To make money, obviously. Don't ask Me silly things - Yeah, I read your mind. But why you never cared about your bleeding ? You keep on taking trades without a tradeplan and the height of it, Trading without a stoploss. Seriously ? Consider you are in some business ( a shop), someone comes and says " Hey, stock this up, it will go off shelves as hot cakes " without any second thoughts will you invest & buy all those ? Without even checking whether people will buy that product ??
To go more, if the product remains in your shelves for many days & product is deteriorating losing its value, making a dent on your capital invested in the product, will you still keep that waiting for consumers ? Won't you throw out, cut your losses & stock something else which consumers Buy ? That's what stoploss exit is... Know when you need to Get Out, No matter what, if stops hit, get out.
Are you Trader or Investor ? Decide based on what you want to Be...
There is great difference between both of them. An investor averages portfolio whenever there is considerable price drop, after considering the real potential of the stock. A Trader never averages positions after a certain point(stops), its like the product turned bad & you are stocking that more n more, it gives foul smell only.
If its bad trading decision, just accept , smile at it and move on... There is not even a need to explain yourself bcos of this, that n those it hit My stops. It's just a trade which hit your stops, as simple as that. Only if you have that mindset, you will sit and analyze why it hit stops any tweaks needed to your trade plan. But if you were giving Reasons to yourself like Trump had burger,Trump tweeted, Trump sneezed... oh man ! that's terribly wrong.
I'm New, what should I do ? I take trades only based on Your Posts...
Thats very sweet line which makes Me happy, but will it make Money for you ?! . Dear friend, What if I stop posting ? How you trade daily ? & if InsiderB posts a setup it will reach targets with No questions being asked just bcos InsiderB posted ?!
I have My own part of losing trades, even now if you check My profile you can find the trades which hits stoploss. I never claimed My Setups win everytime, its Just that I keep the probability of winner on higher side to make money. You know well, I rarely care about following up the trades, but when stops hit, accept & Move on... There is no fiddling with it.
We will have our own losing trades, a bad phase, accept & smile, Move on...That's what will make you as better trader accepting loss, that needs Guts & if you start accepting failures, it will open up why failures happen & you tend to analyze, the process of better trader begins when you accept failures. Don't try to sweeten that with reasons & console yourself.
So, Next time whoever makes a post - Check with your tradeplan first, Realize what you stand to lose, What is your stops, then look for how much potential profits are, then take Trade ! Never do that questionnaire in reverse. You will lose, Apparently !
Lot of Newbie's will be like I'm against you... No Dear :) This isn't against anyone here. These days it became mandatory to write disclaimer for everything, A Disclaimer itself needs Disclaimer - No wonder these days...
Anyway next time you take a Trade, Check what your trade setup says & Whats Your Risk. You will Win... Mic Dropped.
InsiderB
Nifty : Some Gyan with Gann So where to begin with ?! Let's go with analysis first then we will touch up on Gann.
Why I'm aiming the zone of Nifty 9570's, as mentioned in previous post I can see potential ABCD pattern , though its bull run it may trigger downmove a smaller relief rally of 100 points. Apparently, we are aiming at 9750's zone for this bull run target zone, if My guess is right true & to this profile name, an Insider info, Institutions will slowly build up their short positions from 9600's to 10000's, one of the peers told, sounded logical. But as I always say, News or Rumour doesn't matter, we trust & trade charts only and just have the info in back of your mind. Thats it !
There is strong misconception that Gann is Money Generator. Guys, Gann has its own pro's n cons its not complete money maker and makes money forever or give 100% or 90% winners without any loss. Actually I saw few websites claiming 90% n 100% winner with Gann, I was quite surprised & how people get lured to them. Personally, I'm yet to come across one who makes over 75% or 80% winners consistently. So Gann is not holy grail. But when used properly it will generate money :)
But Gann is simplest tool which can be efficiently used in Intraday and when the stock gets single directional move, profits will follow. Either a range or swing will hit both stops and target whichever swing goes first is the result. I want to drive home just 3 points,
i) Gann not Holy Grail
ii) Simplest tool for Intraday, only Intraday but Gann suggested to use it for long term analysis ( weeks or months )
iii) Even Gann time analysis have own success n failure rate & there is no 90% or 100% win rate
Disclaimer : I'm not giving the gyan, I borrow from Gann & sharing the Gyan.
Should I continue recent setups I'm posting with Gann or should I get back to old style ? What you Guys love to see ? Drop in your opinions, both on the content above & on posts :)
Nifty : ABCD..ABCD..More of ABCD !Yep, ABCD's everywhere you go, repetitively thats why Kindergarten Admission confirmed & on lighter note some people maturity level is also upto KG levels only, trying to nag others & to pick up fight. Well, I'm supercool now, than ever :)
Expecting Bat formation on hourly, keeping in view of our 9k fill, this needs to fail, probably a small short covering can happen around ABCD completion zone in Nifty 9070's zone. But if Nifty gets in Bear mood today,it will turn ruthless & filling all the gaps to the down. Just My intuition that its not in mood today, Nifty will get ruthless on its own time & preferences.
So mostly, that retracement pullback will happen then a downside move to complete the bat pattern. Go down on time frames to find potential trade chances. You know friends, Most of time I won't give stops & targets, Learning on own is best tutor ever.
Buddy's, if you have counter views feel free to drop a line below, I would love to have healthy discussions, bcos knowledge sharing is best thing happened to human race.
For that one dear buddy who made futile attempt to nag with kindergarten sarcasm, Don't be so afraid of Me to oppose My views right in My post, I wud love to see you, Rightnow is the time bcos I'm supercool than ever :)
Nifty : Aaluma Doluma Aisalakadi Maluma !Happy Guys & I don't know what to give as title, so gave a song title :)
Getting Back to analysis, we drew ABCD yesterday, there can be more reasons coming up today for upside move. For example, Am expecting Double Bottom on 15mins time frame but will see whether it happens. I hope Nifty, after taking support around 9130's zone we may get move up till 9170's zone.
Let's see how this ABCD pattern completion works for Nifty, a gap up ? Hmm possible.. !
Last minute add, I forgot whom but someone mentioned that its at 61.8% through the zone of 9130's Nifty, anyway thanks to that person for providing input :)
Once Again Guys, Thank You So Much... Love you all.. Have a Wonderful Trading Day :)
Let's Celebrate Together : rachaelsbooks.files.wordpress.com
Google "aaluma doluma" for full song ;)
Short MindTree : Raining repetitive ABCD's !Though there is potential chance of pullback in Mindtree upto 445's, chances are bleak. Once the day close below 435 happens, it will race down till 410. Note, how well it aligns with ABCD pattern, when the pattern gets completed in our zone it forms another harmonic pattern around 410 zone.
Anyway go down on lesser timeframes & check for potential selling chances to get into trade n ride till 410 :)
ABCD Pattern - Educational series 1Hi All ,
I'm just sharing info on pattern : ABCD pattern where price moves down from A to point B than rises to point C and again falls to point D , AT point D we can look out for potential reversal .
1)Lets say AB is down leg , And BC is retracement which is 0.618 or 0.786 of AB
i.e Length or height of BC = ( 0.618 or 0.786 ) x length of AB
2) After BC leg there is another leg down CD which is 1.27 or 1.618 of BC
i.e Length or height of CD = (1.27 or 1.618 ) x length of BC
Than after all these mathematics we can lookout for Point D as potential reversal zone (short form PRZ) i.e since in the above we consider AB and CD as down move , than at point D we should be looking for buying opportunity .
RULES :
1)Wait for buying signal , Just that 1.27 extension is complete doesn't mean its a buy it can extend to 1.618 also.
2) Approximate values may work i.e instead of 0.61 , it can be 0.59 or 0.63 but it should be any thing like 0.41
Finally Remember the ratios :
BC= 0.61 or 0.786 (AB)
CD = 1.27 or 1.618 (BC)
Point D is potential reversal zone
Bullish Harmonic Pattern - NTPC (4Hrs)Hello Traders,
I have spotted Bullish BAT pattern on NTPC. Potential Reversal Zone (PRZ) is highlighted on the chart. This time, we have little wide PRZ. It is made of 1.27AB, 0.886XA and BC Fibonacci ratio confluence. Once price enters into the PRZ, one can take a long entry. This potential swing trade has a risk/reward ratio of 1:1.4 for Target-1 and 1:2.3 for Target-2.
Follow this idea for further updates.
Happy Trading!
ABCD Triangle formation on BPCL - LONGTechnical Analysis:
RSI above 50.
MACD on bullish crossover and Histogram on above '0' line.
Stochastic on bullish but in overbought level, so may be take some time to make correction.
Price lying above the EMA 50 and EMA 5/20 bullish crossover.
Trade:
Buy above - 631
Target 1 - 637
Target 2 - 642
Stop Loss - 625
Reward Points - 11
Risk Points - 06