TCS - Daily TF - Long TermHarmonic -
1. Potential Bullish butterfly pattern on daily TF.
2. Testing critical support/demand zone. If this is broken Tgts 3219, 3126
Elliott wave -
1. Irregular ABC correction is ongoing.
2. Currently, testing 0.618 retracements of B wave, if this gets broken elongated C is confirmed. First target 3151 and 1-1.236 projection of A and B wave.
3. If there is a retracement from the current demand zone, we can see the upward leg of further correction or impulse.
Stockmarkets
Finnifty Intraday (15 min) Expiry TradeFor expiry trade in finnifty
Create ATM short straddle
Exit - One side of strategy (if range breakout in 5 candle)
Target - Exit trade manually at 3:15
Short position - >
Entry - 5 min candle close below 18300
Target 1 - 18250
Target 2 - 18200
Long positon - >
Entry - 5 min candle close above 18480
Sl - low of breakout 5 min candle
Target - 18550
Stock Idea: Axis BankAxis Bank is the 3rd largest private sector bank in India. It is the 4th largest issuer of credit cards and the 2nd largest merchant-acquiring bank in India with an installed capacity of 10 lacs+ terminals, acquiring an incremental market share of 30% in FY22. Axis Bank gave a very strong breakout on multiple time frames. I believe the rally has just started. This stock should be in every portfolio for the coming years. Keep a Stop Loss around 900 and go long.
Experience vs Time Curve of a Traders life My agenda for this video: I wanted to portray how Experience and Profits are not directly proportional to each other, but the process gives us strength to create an edge in the stock market, not become a gambler and follow something of our creation. This creation leads us to profitability as well as experience.
A trader Experiences many things in life; I have demonstrated my journey in simple terms here.
It's a motivational video / a road map for those blinded by call providers and tip sellers. One you should never rely on, the only person you can rely on in the stock market
is not even yourself but your setup.
This video contains differences between experience time and Profit Loss curves.
I have converted the IDBI bank chart (it looked suitable as per the uptrend I wanted to portray in terms of experience vs. time curve )
Directions: Upside movement for this stock in this video does not mean you are profitable; it means you are gaining experience; in the start of the video, I have explained how one confuses lady luck profits with increasing experiences
Purpose of this video: the sole purpose is to motivate my fellow traders to rise and learn to use the trading view community and tools and move above the infraction point in their trading life.
I hope you will enjoy this video. Comment your Thoughts on improvement
WHAT IS OPTION GREEKS ?NSE:BANKNIFTY
Introduction
Option trading is an exciting process and almost every market participant has at least experienced the thrill of trading options, almost all the time with unsatisfactory results.
To avoid such accidents an option trader seeks different tools to trade sucssessfully,
The most important of tools are the Option Greeks and they are usually the first metric looked upon by option traders.
What are Option Greeks?
Options are derivatives of underlying assets ( curd is a derivative of milk, so the change in the quality of milk will result in a change in the quality of the curd derived ) similarly, Greeks are a way to measure the sensitivity of the price of the option to various factors.
The price of the option premium does not always move in conjunction with the price of the underlying asset and it is important to understand the different factors that affect the change in the price of the premium. With the help of the option greeks, a trader will be able to measure the rate of change of different factors affecting the option premium.
# You can check the option greeks by using zerodha option chain or any other trading platform
What is DELTA?
The first Greek is Delta, which quantifies how much an option's price is projected to fluctuate for every $1 that the underlying securities or index changes in price.
For example,A Delta of 0.50 indicates that the option's price will fluctuate 50 point for every 100 point movement in the price of the underlying stock or index.
#Delta for call option ranges between 0 to 1 and for put option ranges between -1 to 0.
>ATM options have a delta of 0.5
>ITM option have a delta of close to 1
>OTM options have a delta of close to 0.
Delta = Change in option premium/ Unit change in the price of the underlying asset.
#The following example should help you understand this better –
Nifty is currently trading at 16000
Option Strike = 15900 Call Option
Premium = 150
Delta of the option = + 0.60
Nifty is expected to reach 16200
What is the likely option premium value at 16200 ?
Well, this is fairly easy to calculate. We know the Delta of the option is 0.60, which means for every 1 point change in the underlying the premium is expected to
change by 0.60 points.
We are expecting the underlying to change by 200 points (16200 – 16000), hence the premium is supposed to increase by
= 200*0.60
= 120
the new option premium is expected to trade around 150 + 120 = 270
What ia gamma?
Gamma is used to measure the delta’s change relative to the changes in the price of the underlying asset.
If the price of the underlying asset increases by 1point, the option’s delta will change by the gamma amount.
The gamma value will also range between 0 and 1.
Gamma = Change in an options delta / Unit change in the price of the underlying asset.
What is Theta?
The Theta or time decay factor is the rate at which an option loses value as time passes. Theta is expressed in points lost per day when all other conditions remain the same.
theta is always shown as negative number because option value is depriciating as the time is passing.
Theta is the biggest enemy of option buyer cause it reduces the favourable outcome of option buyer by depriciating the option price.
for example,A Theta of -15 indicates that the option premium will lose -15 points for every day that passes by.
if an option is trading at Rs.290/- with a theta of -15 then it will trade at Rs.275/- the following day when other factors remain constant.
Theta = Change in an option premium / Change in time to expiry.
This is the graph of how premium erodes as a time to expiry approaches. This is also called the ‘Time Decay’ graph.
What is Vega ?
It is intended to tell you how much an option’s price should move when the volatility of the underlying security or index increases or decreases. It is the change of an option premium for a given change (typically 1%) in the underlying volatility.
1. Vega measures how the implied volatility (IV) of a stock affects the price of the options on that stock.
2. Volatility is one of the most important factors affecting the value of options.
3.A drop in Vega will typically cause both calls and puts to lose value.
4. An increase in Vega will typically cause both calls and puts to gain value.
Vega = Change in an option premium / Change in volatility.
What can option Greeks do for you?
1.Help you measure the possibility that an option will expire in the money (Delta).
2.Estimate how much the Delta will change when the stock price changes (Gamma).
3.Get a feel for how much value your option might lose each day as it approaches expiration (Theta).
4.Understand how sensitive an option might be to large price swings in the underlying stock (Vega).
“With the help of Greeks, an options trader can make more analyzed decisions about which options to trade, which strike price to trade and when to trade.
Since there are a variety of market factors that can affect the price of an option in some way, assuming all other factors remain unchanged,
we can use Greeks and determine the impact of each factor when its value changes.”
I Hope you found this helpful.
Please like and comment.
Happy Trading!
VIJAYAVIJAYA:- Head and shoulders pattern is formed wait for breakout stock may see good volumes from last few days. keep on radar.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Abbott India LimitedABBOTINDIA:- Stock has given breakout by forming cup and handle pattern, keep on eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
JK Paper LimitedJKPAPER:- From last 4 months stock was trading in small range or can say consolidating but today good volume has been seen keep your eye on stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Confidence Petroleum India LimitedCONFIPET:- Stock has given breakout that too with good volume. keep on eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Kothari Sugars And Chemicals LimitedKOTARISUG:- Wait if the stock has tested the resistance line many times, if the stock has given a breakout to the resistance then sustain it. plan to go for long
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
CSB Bank LimitedCSBBANK:- Head and shoulders pattern has formed, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Apar Industries LimitedAPARINDS:- The stock has given a breakout by forming a cup and handle pattern and has also done retesting. keep on radar
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
NIFTY: Wait and Grab the Perfect opportunityThe rise from the Mar'20 bottom was an impulsive move which should be considered as the Primary Degree Wave-1 concluded near the zone of 18600 in Oct'21. From that top Nifty50 fell down in a corrective way and made a low of 15183 in Jun'22. This fall was not even reached to Fibonacci 38.2% retracement level positioned at 14400 zone where the previous fourth of 1 lesser degree is also placed and we have seen a rise in the Nifty to test the all time high and made a new high of 18887 in Nov'22. The rise from the bottom of 15183 is more or like a corrective rise and can be treated as part of FLAT CORRECTION (expanded Flat) or a part of COMPLEX WXY correction. As per this view Nifty is likely to hold below 19000 and fall towards 16750 /14400 and 13000 level in the coming months. The nature of the fall will decide whether we are in a C-Wave of a FLAT or we are in a Y-Wave of a COMPLEX WXY correction.
As soon we reach in the zone of 14400-13000 which is the Fibonacci 38.2%-50% retracement zone we can consider that area as the long term investment zone as our Primary Wave-2 is going to conclude in that area and we should be ready for a massive THIRD WAVE RALLY in the Indian Equity market. Remember Third Waves are the "WONDER TO BEHOLD".
Shriram Pistons & Rings LimitedSHRIPISTON:- Cup and handle pattern formed, keep on radar..
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Mahalaxmi Rubtech LimitedMHLXMIRU:- Have to wait, if the stock sustains above the price of 243.40 then we can take a buy plan.
You can plan the trade as per your risk appetite now
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
MAHINDCIEMAHINDCIE:- formed head and shoulder pattern, wait for proper breakout. keep on eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Ramkrishna Forgings LimitedRKFORGE:- Rounding bottom pattern has formed, keep your eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.