Tata Motor Dvr Technical Analysis .Hello friends , Today i have the technical chart Of Tata Motor Dvr Technical Analysis . Friends as you can see here that it is making Double Top chart pattern which means it can go down and it is down . You can take its Stoploss at 61 Rs and Neck line at 57.10 Rs Its target you can take is at 46.60 Rs as shown in the picture and I have also shown that it can come once to the trend line and take resistance and then can go down . You can see there that the upward " Movement " of the stock Due to the chart pattern " Falling wedge " You can also see the " Decline and Weakness in The Volume " which is now in the " Double Top " and before if you see the volume it was very strong and going upward but now i think it can go down . Thank You . If you like this Idea and this Analysis just please like this idea and leave a comment i will surely try to improve it or if you have any doubt related to this you can write in the comment. Bye Bye .
Stoploss
Havells India Ltd Technical Analysis .Hello friends , Today i have the technical chart Of Havells India Ltd . Friends as you can see here that it was in a up trend but now it can go down because it is making a " Rising wedge " and Also Making Bullish Harami Candle Stick Pattern Which shows that i could be right at here . But remember that it can break upper trend line from where i have shown down because it will be a False Breakout and if you buy at there the trade can be in profit for 5 - 6 day After than it can be in loss because it can go down from there and also remember it will go first and then up from the Resistance it can go down as shown in the picture ,Thus it is also near the breakout point .Its Support price you can see that it is on its support and its target you can take for is at Rs 680 and if it goes down how i have shown so the stoploss you can take is at Rs 442.90 and remember to read out the notes and other things written on the chart and i have showed the nearby support you should also see the marked Supports and Resistances on the chart and Please give your Precious time and like all my ideas so that i can know that you like my ideas which i publish and my channel
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Thank You . If you like this Idea and this Analysis just please like this idea and leave a comment i will surely try to improve it or if you have any doubt related to this you can write in the comment box also . Bye Bye .
APPROACH YOUR RISK FIRSTStock market is not made for retail traders to win. It is made for them to lose and that is the only way professionals can make money.
They will drift retailers out in a shake out and force them to commit on the wrong side of the market. And trust me or not, this is the only way they can make money in the stock market.
There are a few reasons why the professionals are ahead of retail traders in this game..
Firstly Its not possible for retail trader to have an information edge that the professionals have. So let's just ignore this factor and stick to the charts.
The professionals trade on the 'right' side of the market. Means they trade in the direction of trend. When I say long term trend it is the higher time frame charts like weekly or higher. They would leave no stone unturned to keep retail traders out of the market, untill they are already sitting on huge profits. They would either stop retailers out or they will push the price too fast for late retail entries. Later professional exit on retail buy orders.
They might trade pullbacks but from a short term perspective. When most retail traders are convinced that the trend is down and shorting, professionals start accumulation. Then on a very fine morning the price opens gap up and game over.
Second reason is that professionals are experts in money management and risk management . They know how much they are risking on one trade and how much on the whole portfolio. This is where most retail traders fail. Retail trades are overwhelmed with emotions such as greed & fear and keep on losing more and more. They would not book small loss and keep on averaging down losing more and more.
Its important to follow a plan and identify the risk involved in the trade. As per my view no retail trader should take more than 1-3% of their capital as risk on one trade. Similarly, the profit target should be at least double the size of risk and this is for all type of traders.
Ex if your account size is 100000 then risk on one single trade should be between 1000 to 3000 rupees only. Target should be at least 2000 to 6000. You can always trail your stop loss for higher targets, depending on the market conditions.
Lastly the stop loss should never be kept too tight or the volatility will kill your trade. If stop loss is wide, you can reduce the number of stocks to manage risk or just pass-on the trade.
Hope this approach will help a few traders to be good money managers.
Regards
Shriram Transport The stock has been on a steady decline. I am expecting it to decline towards 500 and find support. This presents a good shorting opportunity with the marked support as the target price. With a StopLoss at 565.
Apple - Long term investmentAAPL - Monthly Chart
Chart formed resistance at Sept 2018. It provided breakout during Oct 2019. It created a high during Jan 2020 and came back to the resistance zone during March 2020.
Price action behind Apple - It broke the resistance and retested the zone. Also formed a green candle for better confirmation. It retests the moving average too. Resistance zone turned to support.
Entry - Market price or within this month
SL - 228
Hopefully, a good trend ride. Trail SL accordingly.
SHORT ON ADANI GREEN ENERGY(NSE)This analysis is only for educational purposes, Invest at your own risk!
ADANI GREEN ENERGY is close to its 52 week high with a gap of 5.95%
The volume suggests that the rise in price is coming to an end and a downfall is near.
Hence getting into a short position at around 230-220 INR will prove to be profitable.
Traders should place their stop losses just 5-10 points above the resistance line or according to their risk taking capability.
The volume should be monitored at all times to see if the trade is going in our way.
Any kind of criticism is highly appreciated !
CHEERS!
Banknifty, Catch a clear direction if you can...!TimeCycle: Phases plotted.
Currently, BankNifty trading made an excess.
SHORT or LONG , What is Risk and Reward ration, Protective stop , Quantities, etc. these all are your question and also the same for me.
Hit LIKE button and get real-time UPD ATE .
The Power of Hard StopsThere is general perception among the traders that if you place a stop loss order, it 'll be taken out sooner than later.
Even I published similar idea in one of my posts (I ll tag below later).
So "Stops get taken" is the general concept. Is it valid or not? Let us check with a simple logic and a few assumptions.
I am using a simple assumption that stops get taken but not always. Let us take generally accepted 50% rule.
It means if you place a hard stop in the market in 100 trades, it will be taken away in 50 trades.
My second assumption is that the trader knows his edge in the market. Which means he knows when to take a high probability trade AND knows money management (takes number of shares as per his risk on capital) and risk management (dun take more than 2% risk on his capital in a single trade).
The third assumption is that the trader takes 1:2 risk to reward ratio in each and every trade he takes.
So, with all these assumptions a trader enters in a market and takes 100 traders (may be in a month or more whenever his edge calls for a trade).
As per our 50% assumption he loses in 50 trades, i.e, 50*1=50 pts. For the remaining 50 trades he made 50*2=100 pts.
So Net he made 100-50=50 points.
So according to this hypothesis a trader would never be in a losing position even if he places hard stops in the market.
I think those traders who use hard stops for EOD position lose more frequently than those who go for 1:2 target, coz the target in the latter is highly likely to be achieved. Opening a position in the morning and holding it till EOD can make a jackpot on some days while take big stops on most days especially when market is not trending.
Well it all depends upon the trader's style.
For me personally, the 1:2 profits are good for those who want to trade for a living. Stops are my insurance in a trade, or THE ONLY THING IN TRADING THAT IS IN MY CONTROL.
I hope it makes sense to most traders and might change the perception about stops for some of them.
Trade Safe, Stay Healthy
Keep liking
Regards
DR REDDY- A HIT BUT A MISSED TRADEI asked one question of each member of my watsapp groups and each member who takes my training one simple question.
“I was short on Drreddy and had a Put position in this but at the end of the day when realized that share might be slightly positive and also has approached my Stop Loss, so I was looking to exit my put the same day, However was unable to do as my bid was not executed. In the morning at 10.09 I exited my put at Rs. 6.5. You will be amazed to know, that after I exited it highest bid went to Rs.200 (although highest traded bid was Rs. 90) in the next 5 minutes and share was 30% down at this point. Obviously I was devastated to see that I missed a profit of 50,000 per lot.
So what you guys think about the situation, and if you would have been in such situation, what would have been your thoughts? Its going to be important lesson, Would request everyone to share their views.”
See it is a very subjective question and open to alot of answers. So a lot of people shared their views and I really appreciate and respect views of everyone. Everybody has their view and here is my view.
Anybody remember the first guy who won Rs. 5 Crore on KBC, he won the lottery and got 5 Crore. (Many would say it will require alot of knowledge, that is true but it is also a one time event)
Everyone remember his KBC Glory and what is the after story?
He got overwhelmed, and he decided to do nothing after winning. He a very short span of time, he again lost all the money won. In an interview he shared “What I am left with now is very little money, no career prospect and a whole lot of disappointment”.
I had a stoploss, which got hit. So as per the rules, I should exit my trade at the earliest. In the morning at 10.09 AM, I found a decent bid and decided to clear my trade, But what if I did not do it?
If I did not execute the order, then I would have definitely earned a lot of money. A money good enough to fund me for 2 months, but life is not just 2 months, right?
The probability of such events is less than 1% and having the trade on such days has even lesser probability. So in the game of probabilities, betting on such probabilities is planning to loose.
Staying in the trade would have cultivated a wrong habit of Staying into trade even after Stop Loss was hit with an unrealistic hope of making extra ordinary money from the trades, and this situation has a 99% losing probability. It would have lead to increased risk of capital, also It would have lead to breach of rules which means loss of discipline.
As one of the best book Trading in the zone writes "For the traders who have learned to think in probabilities, there is no dilemma. Predefining the risk doesn't pose a problem for these traders because they don't trade from a right or
wrong perspective."
Pls, remember, A trader can survive a loss, but a trader cannot afford loss of discipline.
I made a call to exit a trade, if I am sensing a movement opposite to my position and that’s how I continued to maintain discipline. Discipline is one skill that can help you survive the most adverse situations and I thus followed that.
One lottery trade would have gave me some money and would take taken away a lot of future money that I am going to earn. I do not even know whether such trade will ever come to again or not, but I know that following rules will help me every second in this market. By following my rules and maintaining discipline, I trained myself to make the losses better. (Following stoploss)
Trading in the zone writes “If and when the market tells them that their edges aren't working or that it's time to take profits, their minds do nothing to block this information.”
Discipline, Money Management and Success walks hand in hand.
I would have loved to written 2-3 more pages or even more, but did not wanted to make it boring :P
I would really appreciate views of probably all the viewers and a healthy discussion on money management. Thanks :)
CHRISTMAS GIFT: The Operators' End GameFirst of all, the secret or trick (whatever you want to call it) that I am going to reveal here are very rare and are not available in any book or youtube stuff. I learned trading through experience, mind my words "trading" not "technical analysis". I learned TA from books but trading -- I learnt through practice, and by practice I mean losing money :) I think no one can ever learn trading without losing money. Any ways...
Secondly, the trick is applicable on everyday basis. Infact, it is applicable on 90% of trades that you take on intraday basis.
So before you lose your patience, here is the secret:
Let's discuss this stuff on a long trade and u can apply it on the short side later by yourself.
Let's say you find an interesting setup to go long. You took the trade and put a stoploss and target orders.
The stock moves in your direction and you are quite happy with the trade. Now it is, say, half way your target point where you might have considered to to trail. Suddenly the stock takes a dive down and hit your stoploss. The moment it hits your stoploss, it resumes its previous trend (upward in this case) and reaches your target in a strong momentum. You are just stunned, staring at the chart and scolding the market or yourself uttering you are a fool..you can never learn trading..bla..bla.
To my knowledge, it would have happened to everybody unless one has silicon brains.
Let's see what happened with the trade.
Not only you but there were many other traders who were looking at the beautiful buying setup. The moment the setup started yielding results, it came on scanners of some big traders or trader. But they have a problem with breakout trades. They do not enter untill they are confirmed about the breakouts. Once the BO is confirmed, they look for entries. But they have another problem you know -- they have huge money. Yes, huge money is a big problem.
The price has already run far enough and if they pump in their money at this point, they would be buying at highs. Their huge orders will makes the 'ask' go higher and it will make the price to run up even faster, so they will have to buy at even higher prices. No..No..No..that's not what they like coz they know that's how 95% people have been losing money in trading.
Their only desire is to buy at lower prices, on pullbacks. They just look for points where most of traders have placed their stops. Because it is those points where there is lot of supply, stop loss orders you know..sell..sell..sell..everybody is moving out of the stock which is in an uptrend after BO from an incredible setup.
It is only those selling orders which can fulfill the huge demand of big traders without even raising the bids. Ultimately, the demand overpowers the supply and the stock shoots back to resume the trend.
How the price was forced to hit the floor? That's a different story. Some call it operators' game.
Such activities are more common in the afternoon sessions, when volumes are sucked. We call it churning session, where there is change of hands.
So why don't a retail trader trades with the market maker. It may be because of lack if awareness or lack of experience I must say. But once you know the market makers' psychology and adapt to it, you will make money in more than 75% of your trades. You just have to look for such opportunities on the charts. OR ELSE you will have to go for wider stops, which most of the traders could not afford.
You may combine this knowledge with my VWAP SETUP that I am going to link with this post.
HAPPY CHRISTMAS and HAPPY TRADING in 2019
I wish we all make good money in 2019
Hit Like if it has added to your knowledge. Comments are also welcomed.
Regards
Bravetotrade