Trade ideas
MARUTI looking strong on technical chartsTrend reversal happened and MACD is about to crossover from downside and trend lines holding strong and Strong RSI would favour achieving upside target.Price is at an important level near 200 day and 50 day EMA.
Can happen anything in the chaos.Invest at your own risk.
must buy maruti suzuki as I told you in the m&m chart pattern same pattern is created but in this chart, you should by Maruti in 6961 when it's stable on this and break resistance with great volume and take support as resistance before its brake.
note. volume is more important in this stock. on the other hand, as we can see nifty auto look bullish most of the chance it's going up
and when nifty auto stock will also go up.
MARUTI : Probable reversal of two months down-trendMARUTI : a bit risky trade as it is in down-trend since last two months and now a probable reversal may seen above Rs.6950...
Entry above Rs.6960
Stoploss : Rs.6819 & Rs.6739 (as per risk management)
Targets : Rs.7240 (much achievable), Rs.7335, Rs.7450
[Turtle] Maruti 6500PEI do not have a view that it will jump. But my view is it will not fall. So I am selling 6500PE.
Note -
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.
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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.
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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.
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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.
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