Nifty IT in DangerNifty IT has broken the channel but failed to hold it down however it has a chance to fall and retest the channel again with the pull backShortby ashoksamuel021
Nifty ITIt has bounced from an extremely crucial monthly Ichimoku (Kumo) support. If it were to be held then all time frames suggest a consolidation between 14000-12500 would be likely. However, if it does not hold then the next major support is a Bullish Harmonic Shark at 10000. $:INR showing signs of exhaustion currently is a big issue with the sector.Educationby Dinesh_C_Nagpal7
One Index Which is still in Uptrend on Long Turm ChartIn this correction, the IT Index Long turm chart is still bullish. Somehow it manages to sustain above its major demand zone @ 13600-14300 on weekly chart and14500 is very strong support on the daily chart. by Swapilchoksi2
Principal of study of Market energy ( Part 1) Most of you have frustration when trade goes against you and when you end up losing or getting out of the market early , and Many have started asking about the structure i refer very often in my postings , and they wanted to know what i mean as a structure , to understand what is structure you have to understand the concept behind my using of words as structure Here i have small efforts in putting few points Market and its principal of flow of energy 1) Energy always follows the path of least resistance, a market is like a river as it moves through each trading minute by minute it takes the path of least resistance its behavior is determined by the path of least resistance, 2) The path of least resistance is determined by the always underlying and usually unseen structure , the behavior of a river weather it is calmly flowing downhill or creating rapids depends on the underlying structure of the riverbed , if the riverbed is deep and wide the river will flow calmly down hill , if the riverbed is shallow and narrow , the riverbed will create rapids , the behavior of the river can be accurately predicted by examining the underlying riverbed structure , same thing is true in the stock market 3) The underlying structure of river bed determines the flow of the river towards the least resistance, and the same thing is true in the stock market, weather you are aware of the structure or not it determines your behavior and your re-action to any movement in the stock market 4) As a trader once you learn to determine the underlying structure of the market you can peace with the behavior of the market and simply float like a butterfly along with market movements in Next post i will update about the information what is structures if you like my posts and if see they are working , then i request you people to hit a like button See you Good luck by ShreeKrishna_F227
More upside left. Buy on pull back would be best for medium termMore upside left. Buy on pull back would be best for medium termEducationby ChinnaTrading0
NIFTY IT SPOT : STRONG RESISTANCE AT 15940-16000NIFTY IT SPOT 23 DEC 2019 STRONG RESISTANCE 15940-16000 CMP 15865.50by anandnst2
NIFTY ITNifty IT had made a Bullish Harmonic 3 Drives Pattern (a pattern not found so regularly in our markets) which lead to a sharp rally and a higher low confirmation. It is now approaching a Falling Trend-Line which coincides with the PRZ of a Bearish AB=CD. As per Ichimoku also 16000 has a weekly resistance which might hinder/pause the trend. A breakout above it will take it to 16400 else support comes in at 15500Educationby Dinesh_C_Nagpal3
CNXIT - Bullish Bat - 4H TFBullish Bat pattern on 4H Chart of CNX NIFTY IT. BUY 14700, SL 14540, Target(s) - 14830, 14850. IT stocks can be added around here.Longby c0dchef1
Trading Psychology - How to handle uncertainity?One of the most important challenge a trader face is facing uncertainity during market hours. Its in our nature to feel that we are in control of things happening in life. So we always want a secure situation in our life. When it comes to trading, the entire envirinment is different. Price movement is not in our control. We can not control the market, but we can control the way we trade. Always plan your trade with proper entry, exit & stop loss. Lack of planning your trades, make you to take impulsive trading, which will give loss and the loss will take away the confidence you have about your trading skills. Dont trade with big position size if you are a newbie. Dont risk the amount you can not afford to lose. Preparation(trading plans) and risk management will make facing the uncertainiity in trading easy. by vanathi18
NIFTY ITNifty IT Index It is trading in downtrend trend from last high and lower high formation no major breakout is expected. Currently trading below 200ema on daily basis, Levels to watch 15000 and 15600,Currently Taking resistance from 100ema on daily basis. Short Term Range-15400 to 15200 Factor going to change momentum:- 1-CIearence of Infosys whistleblower’s complaint. 2-Techm breakout 3-TCS sustains 2100 levels Shortby Himanshu_15500
Seems Weak! Must have a bearish look on IT Stocks!!Analysis mentioned on the chart!!!by MrAkshatP3323
NIFTY IT: WEEK-TECH-SHEET->12th August 2019 to 16th August 2019ghstocktrading.webnode.com NIFTY IT: WEEK-TECH-SHEET->12th August 2019 to 16th August 2019 NIFTY IT moves around -583.85 pips from 12th August 2019 to 16th August 2019, in which nifty IT break last week 05th August 2019 to 09th August 2019 bottom 15312.55. by GHSTOCKTRADINGUpdated 0
Trading psychology : What to do after heavy loss?This post is for the followers who shared the information about their loss in trading. They motivated me to write this post. Newbie traders blow up their trading account or face heavy loss in the process of learning to trade. So what to do next after a heavy loss? When we have heavy loss our mind becomes unstable and we do irrational things. First we have to stop trading few days and should make our mind to come back to neutral level. Getting stable mind is not possible at that time, so make the mind neutral. Meditation helps some people. For some people gardening, spending time in nature helps to make the mind neutral. Next what we have to do is taking a list about why we got loss. It may be lack of technical knowledge, greed or lack of risk management. Whatever the reason is write down how to rectify it and promise yourself with out rectifying you wont enter trading again. Doing all these things gives you the "power of taking responsibility". When we blame others or market for our loss, we become powerless. When we take responsibility of our actions, we get the "power of taking responsibility". The Ultimate power lies within ourselves. We have to nurture it by giving the "power of taking responsibility". How many times in your life you have blamed somebody else for the set backs you faced? And by doing so you made yourself powerless, defenseless. Thus giving your "Ultimate power" to somebody else. Think, take action & nurture your "Ultimate power". By doing so you are making yourself "a perfect trader".Educationby vanathi181844