Bajaj Finance at the top of channel is re-testing the upper trendline second time.
Current levels look exhausted and a correction is eminent.
We can wait for levels of 3579 or ( 50 Day Moving Average) to buy.
OI is seen increasing on the CALL side which indicates selling pressure
3800 Put as of now holds the maximum OI.
4200 CALL holds maximum OI.
The first thing about stock trading is to form a profitable trading strategy and plan. Then test it through time to see whether it is profitable strategy or not. Forming a profitable trading strategy requires all the integrated knowledge learned throughout the learning process of trading.
Query : I am trying to be a perfect trader, but my efforts are making me more depressed. How to handle it?
No trader can get profit in all trades. How you handle loss is important for your growth. Whenever I get loss I check whether I followed rules with discipline, then I learnt a new trading concept when I was a newbie trader. So at the end of the day, even...
Becoming a better day trader requires that you not only focus on textbook knowledge but also yourself. This is why it is so important to put some focus on trading psychology.
1. Know Your Strengths – Knowing your strengths is a crucial part of trading. It’s important to focus on what you are good at so that you may focus your attention in that area.
A trading plan is your roadmap for what you are going to do in the markets. It's something that you have to create and is not optional.
1. How Many Trades will You Use to Evaluate Your Performance?
- The answer to this question is very simple. Base your evaluation period on the number of trades placed and not by the amount of time passed. Time is irrelevant in...
I normally divide my intraday trading in to three phases. It not only helps me to stay out of unnecessary risk but also to book profits at right moments.
I don't say that the stock does not go higher after I book profit but most of the time it protects my profits before the market takes it back.
The three phases I am talking about are:
RULES FOR ENTERING TRADE
1. No clarity, no trade.
2. Size the open.
3. Watch fair value.
4. Cover or liquidate trades in the pre- and Post-market; don’t open them.
5. Never use market orders.
6. Always use limit orders
7. Never chase stocks
8. Always look for confirmation among trading signals
9. Always know who the buyers and sellers are.
10. Survive before you...
by just analysing the structure of market on hourly frame it seems that the downtrend may not resume unless and untill nifty holds 11014 on closing basis !
we can then see further gaps getting filled due to it ! lets just keep a track at levels closely!
Hey Guys, Happy Weekend & this weekend is pretty long one too. Enjoy the weekend to core & try more charting which makes you better at trading.
So What should be your basic expectation from Trading ?!
To be Billionaire overnight ? yeah guys, millionaire not in our list anymore, too much of crowd in that zone (or)
To make every trade right ? (or) To become...
Greetings of the day...!!!
Sharing one case where we almost paid the penalty of not listening to chart...
Some days earlier we recommended a short in idea around 78 for targets of 76 and 74
Things were going good and our 1st target was achieved within hours....
Booking partial profits when target 1 was...