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Nifty : Sachin hits Double Century...With that shot, nope... With this Post, its Double Century. Yep, 200 Posts completed with this one & Nifty deserves special place, so its dedicated to Nifty itself ! Cutting straight away to analysis, There are two scenario's both are Bullish moves only : i) We have sweet spot of Entry right now at 9650's zone with a 50 points stops we are aiming at 200 Points to 9850's zone ii) Incase we have further move downside 9600's is strong support & we same again with 50 points stop aim for 9800's to 9850's If you wish to book partial profits around 9750's zone then trail the Bull Run. As usual, whatever mentioned is My Plan/Setup how I do the trade but I would strongly suggest to check with your plan and use stops & targets accordingly. It has been 2 years since I'm around here, though I did only 200 posts in 2 Years, You guys showered all the Love, Thank you so much for All the Support & Love :) Actually, I thought I won;t be returning to tradingview but your love & support brought Me back,It feels really good to be with a Trading community ! Thanks Again... The Name is InsiderB
NSE:NIFTYLong
by InsiderB
15
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
NSE:NIFTYShort
by InsiderB
25
Nifty : Never Leave Your Comfort ZoneContrary to popular belief - " Leave your comfort zone , Push yourselves hard to gain success " I would say better stay at comfort, Apparently I disagree with that line. That may help your career as per corporate motivational Guru's. But when it comes to trading , Doing what is comfortable & staying in that comfortable zone, makes you winner. Usually we are running around searching for the complex trade setups & trying to learn them, even if we have simple setups at hand, we tend to ignore that, reasoning out as " Naah...it wont work " & jumping from one to other. In trading, keeping things simple, quick to understand will give you the psychological comfort to trade that setup quite efficiently, even if that's 50-50 or lesser winning setup. Most frequent questions in aspiring traders mind - " How to choose stocks for the day ? there are 1000's available ". Kindly read My older post " Kid in Candy shop ", you will realize whats going wrong in trading psychology. The next one frequently bothering our mind - " Which trade setup works ? " Actually people spend more time on looking for various strategies to trade than real trading or practice. People tend to jump from simple moving averages to Pivots to something else then elliotts, Gann ,Harmonics, Quants, the list goes on & on making it more complex. But wait, lets stop our thought train for a moment & take a step back, Who said lagging indicators won't work ?! With properly chosen indicators & efficient implementation Moving average setups make money over time. Please realize that :) Realize the peace of mind you get if your strategy is simple. What is simple for someone will be hard for other, Some like Roti some like Biryani, Trading strategies also as simple as that. Choose what you are comfortable with, "So Better Don't Leave your comfort zone." Note : Just realized , I didn't explain about the charts, I got carried away :) We are looking for 2 things, A bull run till 9560's with partial profit booking & Next at 9700-9750's. This is one of the oldest setups I used to analyze, not using these days. As it flashed & related to the topic, I thought of explaining with My own trade setup itself (i.e) though I know, I don't use this frequently. That's what - " Never Leave your Comfort zone" & that doesn't mean you shouldn't learn new things or use them to analyze but when it comes to trading, Stay comfortable.
NSE:NIFTYLong
by InsiderB
16
Nifty : Mujko Pehchaan Lo... InsiderB is Back !Yes, I'm Back to Tradingview ! Before the analysis, I want to thank each n everyone of you for all the love, Thank you so much for your messages & people who gave follows even when I'm not available. Thanks for the Trust & Love :) It has been more than 100 days since I posted & from now on I will try to post more often. Now Our Nifty analysis : Let me put that in simple manner & if you have doubts, as usual you can comment your queries & I will try to explain. (i) Bull run from 7900's to 9300's without any retracement (pullback) thats 16% gains in 100 days. Thats a tremendous bull run, so definitely a pullback or correction expected (ii) Nifty forming higher high & RSI showing bearish divergence, ( Negative sentiment ) (3) People who followed Me for long time knows the Gap theory we believe : " Gaps will be always filled, No matter what " (iv) So Gaps in the zone of 9000's will soon get filled, my expectations (v) Check where Nifty retraced, right at 1.272 extension of previous Bear rampage. So, in short 9000's are expected in Nifty sooner. If any alignment / format probs bear with Me, it has been long time since I posted. I got few queries like, any signal service or mentoring or pvt.whatsapp group : No Guys, not doing any of that. But I will be here to answer all your queries :) Note : As it has been long 100 days, I will make myself available to answer your queries in comments... Thanks for all the Love & Support :)
NSE:NIFTYShort
by InsiderB
48
Bank Nifty : What;s Brewing & What's Next with Waves !BankNifty... After some 10 days we are back to Nifty's favorite brother BankNifty. Many of you might remember how we rode Nifty with Waves, Now same for BankNifty ? Let's see... We already caught the Wave-3 and made money{check prev.post if you have missed that post}, Now lets concentrate on Wave-4. BankNifty getting caught within 100 points range is rare occurence, now its in 19700's region which has prev. ranging zone. If we go down on timeframe {15mins}, we can see some ranging patterns, I cud have drawn that but I wanted to present overall view on BankNifty, so used Hourly. On the breakout 19700's{Short} & 19900's{Long}, if there is Long breakout on Banknifty it will be treated as Wave-5. Else we can grab few points in remaining wave-4, so after BankNifty reaches next zone 19400's we can decide what to do further. If you have doubts on Elliots, check TechM sunday special post on drawing Elliott's. Happy Trading !
NSE:BANKNIFTY
by InsiderB
25