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BHEL

BEST POSITIONAL TRADING STRATEGYAlthough i am more inclined to wave theory , i want to explain here one of the simple way to trade 1) Plot a weekly chart of any stock 2) Plot horizontal support and resistance line which has tested a minimum of three times 3) Look for a significant break in the support line ,(The word significant is important) 4) The support line now behaves like a resistance line. 5) Look for selling as it comes near to the resistance line Pearls of wisdom - 1) You can also plot 200 sma as an additional filter to sell 2) It's not necessary that the upmove should touch the resistance line 3) SL should be above the resistance line or with average true range 4) Target should be trailed If you want to ride a massive trend, the kind that makes other traders go green with envy, then you must… Trail your stop loss. This means: No target profit. No second guessing yourself. No bailing out even when it feels “uncomfortable”. You honor your trailing stop loss and get out when the signal tells you to.
NSE:BHELEducation
by joel-vg
Rising shoulder in BHELBHEL is in a downtrend channel from 11th April with a continuous series of lower waists. But at the same time two things can be noticed here: a. A rising shoulder pattern is forming which means if the price crosses above 27.60 then we might see a bull run. b. Price is trying to cross the red zone and about to enter into a green zone which is also a bull sign but at the same time this move can be stopped at the upper channel. The current resistance is at 46.50 whereas support is at 21. NSE:BHEL
NSE:BHELLong
by Traderanit
Gann and Elliott combined togetherWhile it’s not always clear why a time and price symmetry identified a market turn, such symmetries do indeed exist. Gann, considered the squaring of price and time his most important discovery . He called it range and time squared. However, the proper application can be tricky. Markets are enigmas, and this attribute demands a great deal of flexibility when working with price and time studies. How i calculated the Date as 20th May From wave 1 to wave 3 - it took 43 price range Add 43 trading days from the date of the lowest point - that is from 13th March - it comes to around 20th May Now about the Price The lowest price on 13 march is 18.4 square root of 18.4 is 4.3 . we have to add 1 to this number to get 180 degree = 4.3 +1 = 5.3 To calculate the price - 5.3 * 5.3 = 28 also 38.2 % fibonacci retracement comes to 29 . This is just another example of how Gann’s principle of time and price balance out.
NSE:BHEL
by joel-vg
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