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Supportresistace

Setups are not as important as you thinkSetups are a very small part of what is necessary for a complete trading system, yet people still claim their setup conditions are their systems. When you see the setups in stock, you have an increased probability that the stock will go up. But it is through position sizing strategies & managing the ratio of risk to reward throughout the trade that produces great profits in the trade. DR REDDY: Positional & Swing Pick!!! Method: Support & Resistance role reversal Risk Management: Risk only 2% of your capital Buy 30% of your position at CMP, and wait for the pullback, if the price respects the level of 5500 execute your 70% position. Mindset: Note= Trade with probabilistic mindset, no matter how much analysis you do there is always a 50-50% chance. Our main objective is to ''Cut your losses short and let your profits run.' ' Remember to be profitable you don’t have to be right every time, you just have to be right big and wrong small.
Editors' picks
NSE:DRREDDYEducation
by Indrajit08
11
EURUSD bulls attack 12-week-long hurdle before US Q4 GDPAlthough reflation risk propels EURUSD near one-month high, the quote battles the key hurdle from early December 2020 that probed the bulls during late-January. Not only the key resistance but the cautious sentiment ahead of the preliminary readings of the US Q4 GDP, expected 4.1% versus 4.0% forecast, could also offer near-term direction to the quote. While disappointing data is likely to help the EURUSD to cross the 1.2175-90 resistance area, pullback moves will have difficulties as an ascending trend line from November 04 and 100-day SMA, respectively around 1.2025 and 1.2010, can challenge the bears. On the contrary, successful trading above 1.2190 can eye the mid-December 2020 tops near 1.2272. Though, multiple hurdles around 1.2300 and 1.2310 could offer a bumpy road to the EURUSD bulls past-1.2272, a break of which could quickly cross the yearly top near 1.2350 towards the April 2018 peak surrounding 1.2415. To sum up, EURUSD bulls seem tiring near the key resistance and today’s data may offer the much-awaited trigger to the pullback moves. As a result, traders should remain cautious ahead of the stated growth figures.
Long
by MTradingGlobal
Bata: Dancing On The CloudsThe stock broke out of a long term resistance near 610 on higher timeframe charts. Overall market correction may push the stock down to retest 610 zone again, which may now act as a support. This zone coincides with the rising channel trendline. I also expect that by the time the stock retests that zone, the 55 EMA will also be there (hand drawn on the chart) to provide extra cushion. So at the 605/615 zone, we will have the confluence of potential horizontal support; channel trendline support; and supposedly the 55 EMA. The stoploss for this trade would be 580 and the targets would be 647, 660, 680 and near 700 . Hit like if this information can be useful. Trade Safe. Do you own research before trading with my ideas. Regards Bravetotrade
NSE:BATAINDIALong
by Bravetotrade