Day 34: What a bad day it has turned out to be. Market gyrations has given me losses for all the trades taken. The algo was correct, the logic captured the direction of the market, however the intraday pullback of the market was beyond its normal limits (or as per the set calculated limits over a certain time) and kept hitting SL everytime. Took four trades, all...
Day 33: Good day but did not turn out good for me today. Algo gave me entry in the morning, turned out profitable, but subsequent two entries took away all the profit. Overall a negative with minor loss. Progress: Stuck to the algo even when was sure that we are near the support and should have taken profit. So, no manual trading today. Learning/ to ponder: When...
Technical Analysis of #NIFTY based on harmonic xabcd pattern & on support and resistance . 18925 is the very strong resistance & all time high for #NIFTY on daily time frame we should buy above 18925 and previous level candle closing for the target of 19500 and for 20000. #NIFTY 1st support 18400 & 2nd support 18150,we should sell below when 18400 level break's...
VGUARD patterns look interesting, We have to wait patiently for the Break Out which is 251.50 level, Once it gives a BO it can give an amazing move upside. > Patience is the key. > Stock market is 10% Buying 10% selling and 80% waiting which is what successful trader/investors do.
> As we can see in the chart, the Channel pattern has been Broken down with a very good volume, the Ascending Trend Line(TL) support was very strong as we can see Price took support from that same TL 5 times in the past. > After breaking the TL we can see the weakness in the candles, we can see huge rejection from the sellers. > This is the right time to enter...
please watch the daily chart of Bharti infratel. Clear breakout has been seen on the charts . This can be taken for long entry. Stock level is going to shift in uptrend. on daily charts its moving above 50 EMA. The next level for stock is 240 . Always do trading as per your Reward to Risk ratio only means Never risk more than you can afford to lose on a single...