Oversold
Buy jk cement long strategybuy around 2150 -2160 if possible or else get it with your own risk to reward ratio
target for 3-5 %
its rsi in day is deep oversold 14<
hold it gona give you a big 3-5 % and then exit wait till make a w pattern then reenter to get 5-8 %
Remember any stock in the world cannot move with slope as infinity it need's price action calculus approach
Big one don't miss it
patience , perseverence and persistance if something does'nt work there is always other definetly works !!!
# in future I can short call to maximise profit and minimise my risk in this type of trades
Disclamer :- I am posting this to make myself aware of the trades i have taken so please if you follow then take at your risk to reward ratio
HCL TechnologiesHaving a lot of expectation for this stock to move upside. There are lot of confirmations on charts, However I am not plotting them on charts neither disclosing for now.
The probable targets are 1242 & 1273 in short term. Rest all will be updated afterwards in update idea section.
Chart & Analysis - Adarsh Dey
BITCOINSo treating a bitcoin investment like venture capital or growth equity makes logical sense because it’s much younger than gold and needs to prove itself to be a worthy competitor over time.
Consider the following thought experiment. What if bitcoin didn’t trade every second of every day? What if, instead, you could only exit your bitcoin investment five years after you invested, and in the meantime you marked the value of the investment at cost?
This is somewhat akin to a venture capital or private growth equity investment. You are locked up for years and, although the investment’s value gets marked periodically, those marks aren’t especially meaningful unless and until you see a real exit.
Mentorship InstaView 30 June’21: Banks & Financial Disappoint
Nifty View: What could have been a firm positive close above 15,850 for the benchmark Nifty turned around as we noticed sharp selling within the banking and financial stocks that weighed the index down 129 points from intraday highs to close near 15,750. On daily charts, we have an “Outside Bar” with the short term trend on the verge of a reversal. Yes, short term charts are oversold, which can lead to a bounce back, but from here on today’s high of 15,875 will act as important resistance. Price weakness is likely to persist if this level is not taken out on the upside. On the downside, we have few levels to watch for of which the first one is at the previous swing low of (15,650-15,700). Strategically, we should not change our bullish bias, but keeping in mind the nature of the reversal which we observed today, it’s better to be a little cautious and be choosy in terms of picking our long trades.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Nifty Futures SentimentCan the premium or discount in Index Futures tell us anything about upcoming market moves?
Generally, when discount widens, the bearish mood of the market is increasing. When premium widens, the bullish mood of the market is increasing.
However, sometimes premium may also fall due to:
1. When FII’s are long on the markets, they short Nifty futures as a hedge. Nifty Futures are less volatile than individual stocks. If the stocks move up, the loss in the futures will be relatively less. This selling results in a huge discount on the Nifty Futures.
2. Another reason for Discount happens during result season when Companies declare dividends, Index stocks go ex-dividend and it leads to discount in Nifty.
In the below chart, I ran a 20-day Simple moving average (yellow line) of (Nifty Futures Price – Nifty Spot Price) and a 9-period EMA (aqua line) of the moving average itself.
Observations:
1. A downward crossover is near to a short-term bottom in the market (during bull markets).
2. This also means, traders are not outright bullish on markets when a bottom is formed and participate later on.
3. Markets ended with 5.8 premium on 20th April.
4. This could mean we are near a bottom unless we are in a big bear market like March 2020.
Disclaimer: This is only for educational purposes and should not be considered as investment/trading advice.
Oscillate The Right Way: RevisitedFor all the basic stuff that I am using in this post, you will have to visit the following idea. This post is in continuation of SBI weekly divergence study..
Abbv. used:
Overbought -- OB
Oversold -- OS
Divergence -- Div
A-- OB
B-- Div after OB at A
C-- Double top and Div
Multi week correction back to support
D-- OS at support and very sharp rally due to news
E-- OB in the same news candle
Multiweek correction back to support
F-- OS and Div at support
Multiweek rally to previous highs
G-- OB
H-- Div
Price still rallied and made new highs
Later a very sharp fall back to support
I-- OS
J-- Div at support
Price rallied sharply to the high of point E
K-- OB
L-- Div
At L we have similar condition as we had at E. These conditions may pull the price back to the high of E at around 350 to find some support.
Some observations:
# Div not always lead to an immediate fall. Once it is OB/OS conditions, one may have to look for div trades on lower timeframes like daily.
# One should not force trades and let the price take its course of action and reveal hands (eg at H)
# Price action at lower timeframes should be given equal importance.
# Div after OB/OS conditions works great.
# Sharp rallies which take old highs in just one or two weeks plus OB conditions means caution. Same is true for sharp falls.
# Div trades look very simple in the hindsight but as per my experience they are not that easy to trade in the live market.
I hope this will add to your knowledge.
Regards
JJSingh
Escorts - at Critical Junction - Will it Reverse Back ?NSE:ESCORTS1! Tested - Lower Trendline of Channel today -
Was today's candle a reversal candle - will come to know soon.
If breaks 1300 Level in tomorrow's session - Might see further sell-off and look for some support at 100 Day EMA @1243
Thanks Chris for these Indicators!! CM_Stoch_MTF & CM_williams_