Having a tested technical analysis approach to the market, with clear rules for entry and exit, that gets the odds on your side over a larger number of trades, is important to be successful. But there is more to trading. Understanding how macroeconomics influence markets and the price of assets is beneficial to giving traders an edge. Having the right state of mind to execute trades consistently, without being hindered by emotions or unrealistic expectations is important. A solid trading psychology is needed to make the right decision in every situation.
There is a set of tools needed in order to trade effectively. Not having the right tools could mean failure. Risk management implies identifying trading risks and knowing how to handle them, to prevent deep drawdowns or losing your trading capital. Rules on trade risk and risk / reward can help to maximize profits while minimizing losses. Having a trading plan with checklists, rules and fixed routines supports a trader, because the plan makes it clear what to do in each situation.
Your must be at down single candle spike. For an instant, suppose candle slip to direct 808, then enter with stoploss little far.
Target is control price 818 above.
If you want to live ALERT, Hit LIKE BUTTON.
Above link and chart is correct. Therefore you were unable to see my post.
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Everything is in plotted in the chart but, where should be our entry will decide by lower timeFrame chart.
WAIT and LET ME UPDATE very soon...
Seek first to understand what is going on BankNifty, to be ready put order.
The price is trading value low which is always good for a long entry.
If there is neither any news nor wrong, the control price will attract the value towards it
.
At the excess, traders can take a long position with stop loss as a comfortable risk for the target at 30800 above.
In...
Everything is cleared on the chart. From the Value, high made excess will push the price value low.
You can COMMENT if anything you want to know about this execution.
Buyers already attracted this stock to buy at 52. and the CMP is at 60.
We expect a price spike on this stock for target 74-77 first one.
There are two strategies for entering into this stock, 1). buy between 55-58 with stop loss of 52 and 2nd). buy above 63.7 above and wait for the target.
--> I don't not use Fin Retracement theory on all stocks but when...
Nifty exactly following our project and you can also CHECK it here.
The price seems to move value low which has stronger support 11850 and 11825 nearby.
This support can attract the buyers and control price will be a target for them.
The better way to trade at value low with the tail if this is not breakdown.
We have to think for breakdown also here. I ll...
Presently, CIPLA is created excess on the value high, if it's not break up the value area.
Found the two phases for sellers won the price.
As per timeCycle analysis, time is far from now for that phase.
As per risk and reward, as a trader can short this stock 567 nearby with stoploss 571 above and wait for target 549.5 and 535 below.
There're two scenarios created by NIFTY.
Previous support 11816 existed.
Control price attracting value to 11841.
Sellers pressure will lead price toward value low at 11802 nearby.
We will take accurate action very soon if you want REALTIME alert, HIT LIKE button.
In downtrend, if buyers have made a strong recent tail below value and current price rotations are now confined between the control and value high, The downtrend is ending. If it does end, breaking value area high and developing a higher value preceded by a buying initiative move, start looking for the new control. If somehow, the downtrend does not end but...
How to clearly identify the TCS is right time and price for short selling?
There is two clarification for TCS whenever it starts short term downtrend.
First is that, suppose to break 2230 and,
Another, price move above the value high and create a tail will execute the short.
This stock will provide you a good return if you act with condition and...
Likewise, consciously if your eye apparently checks the breakdown point you will get a high return. Its not actually support but its a breakdown confirmation line.
Resistance is 136.2 nearby.
134.8 below with volume increase than normal will give you breakdown trade.
CLICK HERE for our accurate call generate time and figure.
Fundamentally: Strong and Undervalued
P/E: 2.38
BV: 274
P/BV: 1.54
Debt to Equity: 0.04
Consistent profit growth of 51% for last five years.
Stock shall move upto 2-3 times of it book value, indicating a price range of 550-750 in coming year ahead.
Technically: Recovery from downtrend
Positive Divergence observed on the chart, indicating an upside from current...
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