Get started

Community ideas

Day 6 of journalDay 6: Had the idea of chasing the trend, however, realised that I am not yet ready for it. The SL was very far off and hence was sceptical of taking the plunge. Upon confirmation candle, did take the stand; and it turned out to be correct, got out at expected target. Learning: 1. Waiting for confirmation definitely helps 2. Do not doubt the system even in an opposite trend ( the stops are reasonable/small as per system while targets are big)...... easier said, will require sometime I guess for me to take position against what shows if my system says contrary. Untill now looks like taking the predefined SL and Tgts have been profitable (though it will miss large trends, but that later)
NSE:INDUSINDBK
by Hiren1
You can take a long trade in HDFC BankCompany:- HDFC Bank Ltd. Sector:- Banking M Cap:- 10.99T Technical:- On the hourly and daily chart smart money formed semetric triangle chart pattern and breakout it with heavy volume, I thik this stock is bottoming out and ready for the next leg rally. One more thing Nifty private banking and nifty bank index is also bottomed out. So if Banknifty and Nifty private banking indices have to go up, HDFC Bank will have to outperform. If you want's to doing this type of technical analysis you can follow me and visit my website "protraderclub.in" and contact me. Disclamer:- Dear followers, before taking any trade do your own analysis and consult your financial advisor.
Editors' picks
NSE:HDFCBANKLong
0
by Pro_Trader_Club
15
BANK NIFTY MARCH MONTH EXPIRY ANALYSISBankNifty Important Levels for March Month Expiry: => Naked Buyer Strategy: CALL Side: Buy Above: 47040. Put Stop Loss: 46950. Targets: 47130, 47203, 47288, 47368 and 47423. PUT Side: Sell below: 46800. Stop Loss: 46880. Targets : 46720 ,46650, 46570 and 46474. => Hedging Strategy: UP SIDE: Sell 47300/47400 PUT (Premium price 500-570) & Hedge with 46400 PUT (Premium price 100). DOWB SIDE: Sell 46400/46300 CALL (Premium price 550-630) & Hedge with 46430 PUT (Premium price 130). => Sell Strangle Strategy: Sell 46400 CALL and Parallelly Sell 47400 Put. Note: Do Trading after the Level break and use Strict Stoploss.
NSE:BANKNIFTY
by NaveenTTR