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COFORGE LIMITED

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COFORGE trade ideas

[HP] CoForge Short IdeaNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
NSE:COFORGEShort
by Amit_Ghosh
COFORGE, UP-CHANNEL BREAKOUT,PRICE-ACTION-VOLUME,1D,40%For a while now, COFORGE has been moving in up-sloping channel. It broke out of that channel with very high volume and retraced with very low volume and now with higher volume is continuing the move. Volume Profile -: Is used to identify important regions, support or resistance levels. When volumes are compared to historical levels, accumulation or distribution regions can be identified and we can enter before the up-move happens. So in NSE:COFORGE when I put the TRADING-VIEW-PRO FIXED RANGE VOLUME PROFILE I can easily spot the important regions since the rally started. Important Observations 1. Current volume of up-slope channel is comparable to historical accumulation volumes as we can see. So either current region is a distribution or accumulation. 2. To confirm we wait for a breakout above up-sloping channel. Which happened with high volume. Secondly current volume at price has more "green candle volume (blue)" and less "red candle volume (yellow)". So definitely it is an accumulation region and we should expect a big up-move. MY APOLOGIES Sorry for posting this a little late. But there is still plenty of space to enter TARGET Since the current volume levels at price is almost equivalent to previous accumulation level, so it makes sense to assume at least a move of magnitude equivalent to the previous rally. So I used Fib Extension for a min 100% target level. This is a provisional target level, the move can be even more than that since there has been multiple accumulation in between as is apparent in the Volume Profile. ENTRY 3583 was an important level, as per price action(strong rejection marking important resistance level). Entry can be taken at CMP or probable 1H timeframe close retracement towards 3583 level. STOP-LOSS A aggressive stop-loss could be the recent low ie 3205 level but a more conservative one could be 3042. **STOP-LOSS should be trailed as per your strategy. One of the best is to trail with Moving Average in 1D timeframe with ATR( Average True Range ) as a buffer. EXIT It doesnt make sense to exit at or around target since it is at a all time high and we should hold on to the move as much possible. So following can be the bearish signals to exit. 1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **Whenever you want to use a BUFFER use ATR(14) Average True Range. **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO LIKE AND FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT OR QUESTION ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. NSE:COFORGE
NSE:COFORGELong
by VPA_TRADER
Do you see a Pattern You recognize My Question to every trader or Especially Technical Traders who trade based on Technical indication , i always ask them one single Question " do you see a pattern you recognize " ?? surprisingly 90 % people have no answers , the reason is simple their Understanding towards the technical studies is far less then the required to Trade Live account Most do not understand even the Trend is up or down , still they try their luck , which i call cost of their negligence Yes they are all paying to market by taking loss is cost of their own negligence , Market is simple my friends but human mind is complex , human mind thinks they can control the out come in the stock market , which is having very less survival rate What you need to understand is that You can not control the out come of your trades , but you can control your losses , You control your Approach You can control your randomness , So what exactly these losing traders Need in their trading profession ?? The answer would be a Systematic approach that gives you an edge in the market where you are very much certain about your loss but when your method proves you are correct the Gain becomes unlimited , every successful trade with limited loss and potential to gain far more then then the calculated loss is always batter Option My friends Learning the correct method can put you in better conditions then the current losing trades , I hope this message will open your eyes and will lead to proper understanding in the market Good luck
NSE:COFORGE
by ShreeKrishna_F
9