fundamentals are no where good for this industry I personally wont buy anthing just because its a deep iscount wait for business to overcome and do required shift for its growth wait and watch as an investor as a trader sell on rise
ng fundamentals says buy , technical no clear story unless level cross
gold TREND up , as long as 1640 positionally is on hold .. its a buy on dip ositional with 1640 stop close downide levels to watch max 1600 ( if 1640 breaks) while upside levels to watch is 1710
With the current Price Action analysis, I feel that the Banknifty will be bearish for this week. The sellers appear to back in dominance. Also, tomorrow we have the Banknifty weekly option expiry if we see it from option trading perspective. Expecting a good move tomorrow. P. S. - Amateur Trader trying to put in some effort.
I have changed my view from Long prospective to short , pattern is getting changed where i was expecting an bounce turn out to be an pause Well we have to adopt change in the volatility as change in the perception One can look for short sell set up , again i am requesting , Kindly enter with your methods of entry and exit , as few DM have come where to...
RSI Short futures at CMP with an SL of 5% from entry
Two Screen System (W and D) Trend, Momentum, Volatility, Volume This system will help reduce the clutter and present a multidimensional view of price behaviour. Not trading advice, I am still a learner and trying to build a system which works for me.
BankNifty Prices for weekly Expiry. If SD1 is breached on either side go long/short accordingly, else it is range bound for the expiry
lupin looks good and is set for another atleast a 5% run to the least in coming days is in my buy on dip list with mentioned stop loss !