M_M
MyAlgo: xRWave-Blaster: Intraday call:20Jun-M_M-ShortBased on my "xRWave-Blaster" predictive trading methodologies, its going to be a RED candle on 20-Jun-2018 for M_M
Sell Below(5Min candle close): 889.2 for targets -
T1: 882.5
T2: 878.5
T3: 874.4
SL: 896.3
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(07-May) - M&MFIN - ShortI am back after a long relaxing rejuvenating vacation. :-) :-)
Based on my PredictiveSystem's signals, today (07-May) its going to be a RED candle for NSE:M_MFIN
Sell below: 503.6
Target-1: 499.6
Target-2: 497.7
Target-3: 495.3
Stop loss: 508.2
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Mahi-Mahi: Buying OpportunityExpecting bounce back near 13/9/2017 from 1276 harmonic PRZ. Upside targets could be 1330; 1340 or near 1347.
I ll look for buying patterns in the PRZ zone. But even if PRZ is breached on downside, I would look for buying opportunity on the said date (for experimental purposes).
However, 22/9/2017 would be a warning day as from this day the price action may continue the downtrend either after achieving PRZ targets or earlier.
If price continues to move up beyond 22/9 for few days, downward correction can be considered as complete.
Trade safe, stay healthy
Hit like/comment if this post is interesting.
Regards
Bravetotrade
Mahi Mahi: If A Stock Is Down 2%, It Can Be Down by 4 %That's true..down 2% doesn't mean it can not go down further. But the conditions are that: It should be in a strong downtrend on a higher time frame; and we should have proper tools and system to manage our trade.
M&M has been in a strong downtrend on Daily, 4H and H. So I thought it could be nice short. But by the time I could open my lappy, stock was already down 2%..how lame.
I opened up my Ichimoku System and saw that stock had given a fresh break down below the cloud with higher volumes on 15 min chart (See candle A) and it was already in bearish territory on higher time frames. All I need to do was to find a better opportunity to enter.
Candle B went deep into the cloud and then sold off quickly. I placed a sell order below the small swing @ 1319.50 and got hit in the very next candle C. My initial stop was above the high of candle B.
Then I kept on trailing. The doji pointed in the chart had a nice volume but price was able to breach only a few paisas above this doji, and I was not stopped.
# I always give some room above the high of the candles when I trail so that I am not hit easily.
Finally I was thrown out of the trade @ 1303.60. It was a nice 16 point trade or 1% of the stock value. Whenever I get 1% of the stock value as profit I call it a good trade. Without a good system in hand, I might not have touched the stock.
Above trade does not mean that I dun lose. I had a small loss in SRT buy, which I covered later in the session by shorting it. Sometimes it takes time for daily trend to clarify itself. I was breakeven in Tataglobal and you all know about Mindtree :)
The above experience would definitely help me to be more disciplined in future. I hope the same for all traders.
Have Fun, and happy weekend.
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Regards
Bravetotrade
M_M: Potential Channel EntriesIt can be observed that the stock has been gyrating in a channel. The current buyer interest at the bottom trendline of the channel reflects the strength in the stock, which can take it to the upper end of the channel.
Aggressive entries could be on break above 1400 while conservative entries could be on pullbacks. Possible levels will be updated if time allows.
Hit like if this analysis is informative. Comments are welcomed.
Trade safe.
Best Regards
Bravetotrade
M&M approaching crucial point before FY resultsM&M Mahindra & Mahindra approaching a crucial inflection point as per the weekly candles and RSI.
Trade carefully. Maintain strict stoploss and Results week, series end and NIFTY entered bubble zone
If results are positive, go long on futures! Otherwise, add in cash during the dips