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Invest With My NeoWave ChartsNamaskaram Everyone This is an educational post in which i will describe how to read and trade with my wave Charts. So first lets start by seeing a wave Chart. First you will be seeing a S1 series called Short Term Trend. Than a group of S1 is denoted by M1 series called Medium Term Trend. Than a group of M series is marked by L series called Long term trend. All this means is that smaller trend makes a bigger trend and than more bigger trend and than more. This is how a wave structure become. All these Short, medium and long term trend are called Degree. You can think of them as a car gear like bigger the gear greater the speed of price and consolidation. In my charts i used total 10 gears but i am showing you 9 degree. See the below 3 images. Degree List 1 Degree List 2 Degree List 3 Now there are few more things left- Like you will be seeing some coding with C keyword like MC1,LC1, and a,AA,BB. These are consolidation or correction counting. Mean after a rally market rest or consolidate before resume another rally. We represent these consolidation period with LC1,AA,BB Like this. Now see some examples by which you can judge how much time and price a particular degree or gear can consume- Multiyear Trend This is an Bank Nifty chart, if you see that multiyear cycle is running for past 25 years. Each leg cover around 10 years. Super Trend Complete Cycle take 8 year, from 2012 to 2020 just imagine if you can think of an possibility in advance that next 8 years are going to bullish or bearish. Namaskaram
NSE:NIFTYEducation
by IIntelligentinvestor
ONGC to trade sidewaysHi Traders! Hope you are doing well in markets. My trading strategies might help you to increase returns on investments. My strategy prioritizes safety over exponential profits. This stock being low in value will give profit or loss on high volume trading. So those who pay high brokerages should either trade in higher volumes to cover brokerages out of their profits. Calculate your cost of trades to find out the break even below placing orders. There are a few scenarios and place your order according to the scenario that you observe in market tomorrow. Current close: 82.40, ---------------------------------------------------------------------Intraday Traders-------------------------------------------------------------------------------------------- Scenario 1:- Market opens between 81.70 and 82.40. Strategy: Trade only after first 5 minutes. Short Selling If price breaches 81.70 then wait for a fall and sell @81.45, Target 80.35-78.75, SL@ 82.20 Buy/Positions If price touches 81.70 and pulls up back then buy @82.00, Target 83.20-84.60, SL@ 81.70 Scenario 2:- Market opens at or below 81.70. Strategy: Follow Short Selling strategy (Case 1) of Scenario 1. Scenario 3:- Market opens at or above 82.40 but below 82.90 Strategy: Buy @82.40-82.75, Target of 84.60, SL@ 81.70. If price struggles to cross 83.50 by 1p.m then sqaure off your positions at 83.35-40-45-50. ---------------------------------------------------------------------Intraday Traders-------------------------------------------------------------------------------------------- For positional traders, The ONGC is expected to trade sideays for a few days. Folowing is your entry point and short term targets for this stock. Scenario 1: Trigger Price: 80, Buy Price: 80.40, Target: 82.40, - 84.60, - 86.10, - 92.25, Highest Target duration: end of next week. Scenario 2: Stock doesn't correct: Buy Price@ 82.00-83.00, SL 81.55, Target: 84.60, - 86.10, - 92.25, Highest Target duration: end of next week.
NSE:ONGC
by shikhagupta2589
HDFC BANK has very high potential and can be your jackpot stock.HDFC Bank is all set to embark on its journey towards 1248-1297 followed by 1315 levels. Below is my strategy for traders in this magical stock. Upwards :- When the market opens, wait for HDFC Bank to take a direction. It currently stands at its strong support of 1138. If this moves upwards or opens with gap-up, wait for it to touch 1185.20-1187 post which I expect a pull back to 1172-1173 level. That is your entry point. Entry point: 1172, SL: 1152, Target: 1248 this week, 1297 next week. The stock is in strong uptrend and should achieve the targets as quoted above. Downwards :- If HDFC Bank moves downwards, I strongly suggest to keep away from cancelling your positions if you have held. You could short HDFC bank to see intraday lows of 1121 but the HDFC bank is targeted to move upwards in a weekly time frame. --------------------------------------------------------------------------------------------------------------------------------------------------------------- Notice for Intrday traders: I strongly advise to keep away from HDFC Bank in intraday trades. For maximum benefits go for weekly/short term holding if the stock follows Upwards movement as mentioned above. In case of downwards trend, the support lies at 1067 and you could expect that level only if price breaches 1107. Since the gaps are high, I suggest intraday traders to keep away from speculation for two weeks. Incase you want to trade on volumes, one can trade in futures of HDFC Bank with atleast 3-4 weeks expiry date in future.
NSE:HDFCBANKLong
by shikhagupta2589
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