Volatility
bajaj finserv in oversold range good opportunity to buy we can see rsi near by 40 and mfi below 30(oversold range) ,
in short term we can expect to go to 9300 in long term can go 10000+ as bajaj finserv may get banking license
we can see now price is currently at previous month low(december low) ,and in november also price traded at this range ,actually it is going sideways (consolidating) and bollinger bands contracted and we can clearly see accumulation is happening so can buy now and in short term can expect 9300 ,,,if banking license triggers it might go above 10000+ in long term
in bajaj group if banking license would be given it would be given to bajajfinserv only , and bajaj finserv is an 5 rupee share ,and in last 20-30 years banking license is not given to private compaines which have other businesses as there is rule that companies having other businesses should not be given banking license as they might misuse it for their own businesses lend loans to themselves but now government itself and rbi are coming forward to give banking license promoting banks in remote areas so they have decided to give license to private players and finserv has established all over india and will meet the criteria they are lend loans but if they get banking license they will have huge advantage as they can collect from people and lend loans at higher rates and benefits will come
TATASTEEL - PULLBACK ON LOW VOLUMENSE:TATASTEEL
TATASTEEL OVERALL OUTLOOK REMAINS BULLISH
ON 17TH NOV,PRICE OPENED GAP UP AND FORMED A STRONG BULLISH CANDLE WITH HUGE VOLUME
BUT AFTER THat PRICE STRUGGLED TO MOVE HIGHER,VOLUME ALSO ON DECLINING SIDE
AFTER WHICH PRICE STARTED TO RETRACE ,AT FIRST WITH EXPANDING VOLUME ,THEN ON EXTREMELY LOW VOLUME
THERE ARE TWO POSSIBLITIES,EITHER
>>>>> PRICE GRADUALLY MOVE DOWN ON LOW VOLUME AND TAKE SUPPORT AT 495 -502 ZONE (PREVIOUS GAP) BEFORE MOVING HIGHER (or)
>>>>> PRICE COULD TEST THE RESISTANCE (RECENT HIGH) FOR SOME TIME BEFORE MOVING HIGHER ON VOLUME EXPANSION
IOC | price is not moving but RSI is making HHStock is at strong support level , price is now at range and accumulation of share is must happening as volatility deceased
RSI is continuously making Higher High
Possible upside breakout will happen
targets are mentioned i.e 83
lot size = 5700
check out the other ideas as well
FOLLOW & LIKE & COMMENT
NIFTY Positional View for 5th August 2020Current position is BUY bought on August-4-2020 at 10987
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Action for 5th August 2020: Continue to hold Long and reverse to Short if NIFTY closes below 11037
Profit as of now 123.6 points
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NSE:NIFTY
Use a Heikin Ashi Chart and 1 min chart for Intra day Trading
Past Performance : 1063 Points earned in 35 Calendar days. 2 loss trades and 6 winning trades.
All these trades are given in this portal which you can verify easily.
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1. BUY : Profit of 386 points (1st July to 8th July 2020).
2. SELL: Loss of 54 points (8th JULY to 9th July).
3. BUY : Profit of 38 Points ( 9th July to 10th July).
4. SELL: Profit of 30 points (10th July to 17th July )
5. BUY: Profit of 418 Points (17th July to 27th July).
6. SELL: Loss of 43 points (27th July to 28th July).
7. BUY : Profit of 86 points (28th July to 29th July).
8. SELL: Profit of 262 Points(29th July to 4th August 2020)
Current open BUY position
Process : These swing numbers are calculated using Customized Volatility and AI algorithm (KNN Model).
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Some Rules in trading system.
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1. Take all trades and the numbers to hold are the last traded price of NIFTY future and not calculated close values.
2. Do not change Lot size very frequently and try to keep it constant.
3. We win 68-75% times only (changing lots will leads to losses as you may have bigger lots for loss trades and smaller one for gain trades) .
4. There are losses as well but the loss points will be smaller then gain over a period of 3 months or less.
5. Book profits at key levels (just a histogram of 2 years close will give numbers where nifty stayed for long duration.Frequency Distribution)
BTCUSD about to reach 11k || RSI in overbought regionRSI in the overbought region with a value above 80 indicating the price drop
MACD line above the signal line with a huge magnitude indicating an uptrend
CCI above 140 indicates a downtrend
Squeeze indicating an uptrend as the market volatility is high
NIFTY POSITIONAL VIEW for 15 JULY 2020Current position is SELL sold on 10 JULY 2020. @ 10781.57
for July 15 2020 Continue to hold SHORT and reverse to BUY if NIFTY closes above 10673
Profit as of now 173.6 points
NSE:NIFTY
Last 3 position performance
1. BUY : With a profit of 386 points (1st July to 8th July 2020).
2. SELL: Loss of 54 points (8th JULY to 9th July).
3. BUY : Profit of 38 Points ( 9th July to 10th July).
Current open SELL position
These are NIFTY JULY FUTURE values and NOT Spot. NSE:NIFTY NSE:NIFTY