Amit_Ghosh

Amit_Ghosh

It's just moving in the channel as seen in Andrew's Pitchfork! You can short it for the short term keeping a stop loss but also can wait for a breakout to long it.

Amit_Ghosh

Trade has not triggered yet! The setup is not very much conservative as the ratios are quite wild! XB = As long as it is less than .618 we are fine but we prefer it to be .382 to .500. BD = As long as it is more than 1.618 we are fine but we prefer it to be 1.618 to 2.618. This is not much that important. AB=CD pattern is usually extended. We shall talk...

Amit_Ghosh

We draw a primary bullish retracement like this picture to find the line where XD (actually it is called retracement of XA) is 0.886 and construct our tradebox (means entry, stop loss and take profit). That green triangle is primary bullish retracement. The tradebox is following Risk:Reward = 1:2. But the best way to put the trade box is to use Fibonacci....

Amit_Ghosh

Indigo is at its support! As there is no geo political tension as of now and as today' s crude inventory report suggests of un-changed situation of lower oil prices in longer term which is beneficial for the investor sentiment. Our take profit is at the level of 61.8% based on Fibonacci lines. Tomorrow's theta decay idea is to sell Indigo August 1150 PE at...

Amit_Ghosh

SBI has fallen from the top when NIFTY cracked due to the Geo political tension and due recovery cause the tension has been stabilized. RBI Report is bullish for PSUs and SBIN is really a strong bank to fall thanks to the support of Government and dependency from its huge customer base. We can spot a three dive pattern here with Fibonacci legs of 2 and 0.886...

Amit_Ghosh Updated 

Projecting Capital Finance on its demand zone of 720 levels. It had been consolidation on 680-720 since months and shown a breakout towards 800 some times back. In terms of fundamentals of the industry of NBFC, it is a great buy. CAPF August 700 PE is at 4.8. CAPF September 720 PE is at 22. There is no point of buying CAPF August Futures at the time of expiry...

Amit_Ghosh

RBL Bank went up today due to the block deal. Block deal of 1.89 crore shares in RBL Bank. t.co t.co We are expecting a minor profit booking though Market seems to be bullish for tomorrow as NASDAQ ended green. Our aggressive bet is to short RBLBANK August 540 CE at 5.2 for a potential profit of 5200 INR. The breakeven point is lucrative considering the...

Amit_Ghosh Updated 

Our last Trade of Kotak Bank has gone into profit as of now. Thanks to the hedge! Here we spot Triangle Pattern. It is back at its old major support; thanks to Kim and North Korea. Now it is a value buy! There are two targets. When target 1 is reached please make that trailing stop loss to attain target 2. If the stock enters the second trade box by then;...

Amit_Ghosh

Two days to expiry. IOC is approaching towards its resistance of 450. The beta of IOC is scary so betting for IOC 460 CE which is at .5 and will make 750 INR in two days. Aggressive people can short IOC 450 CE at 1.25 This is not an intraday short idea.

Amit_Ghosh

The stock had fallen from the top. We can see Three Dives Pattern there. So the question is how you make the stop loss and most importantly take profit in a Three Dives Pattern! We use the Fibonacci Retracement Tool . The entry of the Three Dives Pattern is absolutely above 23.6%. So the hard stop loss is there. Generally, any chart consolidates on 50% to...

Amit_Ghosh Updated 

HDFCBANK is at Support. We are resuming our old trade immediately from here. Thanks to our update of trailing stop loss (read comments) we made no profits no gain on spot and 900 INR loss in options. HDFCBANK Aug 1760 PE is at 20.9 HDFCBANK is at 1743.3 Right now I am re-opening my options positions which was closed on loss of 900 INR. Breackeven of this...

Amit_Ghosh Updated 

Bank NIFTY is retracing towards its former level. NIFTY index is also getting rebalanced. Doklam Standoff is taken care of and hence no negative news apart from Baba Ram Rahim is in market haha. Elliot Wave ended giving it is an awesome projection towards upside. Short Bank NIFTY 24400PE AT 155.45 for this month's expiry i.e. 31st August. Short Bank NIFTY...

Amit_Ghosh Updated 

HDFC Bank showed a healthy correction post the Bank NIFTY rise and ready to rise for the next rise. This is an Intraday trade setup. Consecutively one can sell an ATM PE for theta decay as expiry is near.

Amit_Ghosh Updated 

As described in the chart; my bet is on the retracement post the XABCD pattern is complete as the Geo political tension has been stabilized and lots of upside potential is left right now. My highly lunatic view is it should reach 1850. Let's see.

Amit_Ghosh Updated 

Yesbank is in consolidation in the area of 1700-1750. The recent fall of Yesbank is caused due to the fiasco of Trump and our North Korean Leader's threats which led NIFTY to fall. Last Thursday, Bank NIFTY recovered with major strength dragging our main index but Yesbank didn't participate in this movement. Also, the NSE Page of Security-wise Price Volume...

Amit_Ghosh Updated 

Been an underdog due to this Bank NIFTY move. Just created a swing; will be up from this levels. Yesbank Fut Price = 1728

Amit_Ghosh

Global Market has been eased and our Janmastami week of consolidation is coming. Sell Banknifty 24100PE at 107.40 towards 17th August Expiry

Amit_Ghosh

It got trummped and will go up. Strong Revenue growth.