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Technicalindicators

Day 34 of Live Algo Day Trading JournalDay 34: What a bad day it has turned out to be. Market gyrations has given me losses for all the trades taken. The algo was correct, the logic captured the direction of the market, however the intraday pullback of the market was beyond its normal limits (or as per the set calculated limits over a certain time) and kept hitting SL everytime. Took four trades, all wrong. Setback: today's market has made me thinking if I should incoporate something else in the logic to figure out the major direction and take trades only in that direction? This will keep me occupied for the weekend.
NSE:INDUSINDBK
by Hiren1
Day 32 of Live Algo Day Trading JournalDay 32: Day opened good, however could not sustain bullish momentum and gave up all the gains. Algo waited till it got the pullback. First trade turned out to be loss making as market played mischief and got me out. On the second trade also market tried to play mischief but the sellers were very strong and did not allow it to go beyond my SL and hence was saved. Getting to the target was a long patient wait. Had to wait for two and half hours to get it. For most of the time market just tried to push beyond the limits and kept on fooling people on both sides but my algo kept on holding. Finally at last it did go in my direction and got profit. Progress/Learnings: PATIENCE pays. Got jittery at a time when market was close to my stop loss and thought it might get hit but did not do anything manually and held on. Patience and faith on the system pays.
NSE:INDUSINDBK
by Hiren1
Day 31 of Live Algo Day Trading JournalDay 31: Day opened bullish, my stock opened and immediately ran up to its high point. Algo did not trigger as it is deisgned to get in on a pullback. Got an entry; market tried to cheat but could not succeed and was saved. However later on the market cheated and threw me out with a minor profit. Algo again got triggered but in the wrong direction, suffered small loss. Third time algo got triggered but came out at parity. Progress : Did not do any manual trade today even when felt like taking a bullish position manually(in hindsight looks like I was correct), but idea is to build the habit of only algo trading, no manual trading, so good, did not get into temptation.
NSE:INDUSINDBK
by Hiren1
Day 30 of Live Algo Day Trading JournalDay 30: Made a mistake today. Market was bearish in the morning and algo took a position which went on to be incorrect. Again algo took another position and this also turned out to be a loss making trade. After the fall over last few days, I was bullish while the algo signals were all bearish. So, after two wrong trades by my algo, I thought let me take the next trade manually and I went long. Market punished and threw me out. Then again I took two more trades (even when algo was quiet and did not give any signal), made up the loss that I had made in my manual trade. Overall, a loss making day, losing bit less than 1%, but the worst part was losing my patience and getting overconfident on my skills. Bad idea. Setback: Manual trade.... i think due to getting overconfident by looking at the chart, getting influenced by a certain call, bad impact...
NSE:INDUSINDBK
by Hiren1
Day 29 of Live Algo Day Trading JournalDay 29: Good day today. After falling for almost week, market took a breather and the bulls tried to put a stop to selling. My algo got me into a bullish position in the morning and the momentum gave me my target pretty soon. Had to be away so did not trade later on, but the algo did very well on paper trades. Had a not so good day yesterday and was not feeling good yet continued with the algo without touching it during the day, turned out to be a wise decision. Progress: Overcame the sadness of losing yesterday and did not do any manual trade, let the algo run its course.
NSE:INDUSINDBK
by Hiren1
FASP levels for Bank Nifty 13/03/2024The FASP for BankNifty is listed for 13-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
FASP levels for Nifty 06/03/2024The FASP for Nifty is listed for 06-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
INDIGO - Interglobe Aviation Ltd. - Break Out OpportunityDate : 5-Oct-2023 Rating : Buy LTP : Rs. 2473.40 Target : Rs. 2745++ Exit Plan : Follow the 7D/13D EMA cross down on closing basis. NSE:INDIGO has given a break out from its current short term down trend with high volume. Has closed above 20D MA. 7D EMA has crossed 13D EMA. RSI is above 50 and MACD has crossed over the signal line. All these indicates that NSE:INDIGO is ready to fly and further up move will be seen with a possibility of new lifetime high. NSE:INDIGO can also be looked from long term perspective with a horizon of 3/5 years. Also time to accumulate more if already going long in this. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:INDIGOLong
by vicky252
A PERFECT EXAMPLE OF CUP AND HANDLE PATTERN ON FSL STOCKWhat is the cup pattern? Cup and Handle Pattern is a bullish continuation pattern that signals a strengthening of a security's price followed by a breakout, after which the scrip's price soars up. The U-shaped cup represents the era of consolidation, while the handle represents the moment of breakout. How to trade ? The buy point occurs when the stock breaks out or moves upward through the old point of resistance the volumes are also increasing mean its ready to break the cup
NSE:FSL
by tradergyan01
2
WSTCSTPAPR: BO of a Small Base, Poised for Further Upside!WSTCSTPAPR appears to be on the verge of a significant move as it breaks out of a small base. The price action suggests that the stock has built a solid foundation and is now ready to make a move to the upside. This breakout could be a strong signal for potential further gains. Key Points: Base Breakout: The stock has convincingly broken out of a small base, indicating a potential shift in momentum. Uptrending Chart: The overall chart for WSTCSTPAPR is displaying a nice uptrend, reflecting positive investor sentiment and sustained buying interest. 50 SMA Support: The stock is currently finding support around the 50-day Simple Moving Average (SMA). This is a positive sign, as it suggests a healthy trend, and the 50 SMA could act as a support level for potential pullbacks. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always do your own research before making any investment decisions. Trading involves risks, and past performance is not indicative of future results.
NSE:WSTCSTPAPRLong
by TTS007
ITC Ltd. - Double Break Out TradeDate : 11-Oct-2023 Rating : Buy LTP : Rs. 448.25 Target: (1) Rs. 455, --> (2) Rs. 480, --> (3) Rs. 500 SL : Rs. 433 Exit Plan : Follow the 7D/13D EMA cross down on closing basis. NSE:ITC has given double break outs. From its current short term down trend and from double bottom pattern. Have closed above 20D MA. EMA, MACD and RSI giving bullish sign with RSI giving positive divergence. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:ITCLong
by vicky252
6
BREKOUT IN AURUM PROPTECH 📌SWING TRADE FOR NEXT WEEK🚀 Hello guys, I am a swing trader by passion i only trade on swing stocks. 📌I post daily SWING CHARTS analysis on my trading view profile.. so let's start 📌TRADE ANALYSIS OF AURUM PROPTECH :- •Breakout of symetrical pattern on WTF with strong candle •Break counter trend line and hidden lines •Volume increases last few weeks high •Bullish trend/ make good structure also •Made good price action •Make higher highs/higher lows 📌 If you have any questions about any stock you can comment on post 📱 📌Disclaimer:- This all chatrs analysis are only for educational purposes only I do not provide any CALL or Tips
NSE:AURUMLong
by UnknownUnicorn31634885