This is an example of how I mark my charts while taking trades.
Defensive trading strategies are very good for sideways markets. The indices around the world are sideways and not making any fresh highs or lows.
The principle that I have explained on the charts is ideal for protecting your capital and has a higher chance of succeeding. When the price moves to...
200 DMA is a great simple strategy which provides good RR trades such as this one.
The idea here is simple. Markets tend to be range bound 80% of the time, which is called the contraction phase. The other 20% of the time the market is breaking out, called the expansion phase.
To win the game, it is important to understand the probabilities and play the...
The difference is mentioned on the chart. As you can see the white line which represents Nifty50 is flushed together against the price movement of the SGXNifty. Traders use this instrument to gather a sense of the direction of the market for the day. This is not a sure shot method of determining the open or the direction, but it offers a good indication.
This strategy does not work 100% of the time, but it does offer a good risk reward ratio.
If the pattern occurs in the first 15 min, wait for about an hour and observe the price action, and take a trade only after the breakout. Taking a trade too early may result in your SL getting triggered too soon. You want to try and make it harder for the market to trigger...
Dabur is making a bullish triangle formation and appears to be near completion. It has formed 6 points of contact on the trendlines. The price may perform a breakout above 525, which is the current high.
The RR is favorable with a stop loss @ 470.
FMCG sector has been fairly flat for a while now and I am expecting some momentum to pick up in the coming weeks.
This is a simple strategy using the trendline. The price moved up steeply and has not seen a strong correction. The trendline was broken and the price tried moving upwards for a last kiss and was rejected from under the trendline.
This is an intraday idea, which can be moved to a positional play considering the negativity in the market. There is a strong chance...
This is a simple trend line set up, with a very good RR.
With the large intraday correction, the prices are good for entry, and may see further upside.
Buy below 180.
SL @ 170.
Target @ 200.
The horizon for this trade is 2 weeks.
Yesterday was a consolidation type of market, where the the buyers were unable to take out the previous highs. I had a bearish view, but the bears failed to get a follow through below 22,850 and the market moved towards the upper end of the range. This happened twice through the day yesterday and both the times the market moved above 23,100.
These are highly...
The stock has been in an obvious bear market for a long time. The strategies to trade the stock would be to sell on rallies.
The parallel channel in purple presents an area of value and is the upper level of the general down trend. Shorting at this level will present the best entry.
SL near previous swing high.
Target @ previous swing low.
Example of a bullish symmetric triangle breakout on BankNifty as observed on the 15 min charts.
As the price moves between the converging trendlines, the point closest to the tip of the triangle, presents a good entry point to go long. The stop loss for the trade was the previous swing low and the target was the day's high. Giving a good 80-90 point profit, with...
This is a long term idea for HINDUNILVR. The overall trend for the stock is bullish, hence going long. (Always stay in the direction of the general trend)
The price has been making higher highs and higher lows. Currently it is stuck in a tight consolidation range. I am expecting the price to break above 2280 (high of the current range). Once the range is broken,...
The price has formed a bullish triangle pattern, and it seems like this may provide a good long opportunity.
Wait for a breakout above the hypotenuse of the triangle to go long. The target for the trade will be the previous high point @2357.
SL @ 2230.
As indicated on the chart, the price has sharply reversed from the current levels down to the support line. I am expecting the price to do the same this time around and reverse to the lower level.
Observe for price action at the open and go short at the highest point.
The trade will fail if the previous high is broken, hence that will be the stop...
Auto Sector has rallied 75% since April, with increasing demand for personal vehicles in India. Technically, the price has always followed the long term trend line marked on the chart. The prices breached the trend line for the first time due to the COVID-19 related sell off.
The auto sector should correct and stay sideways for the coming days and offer good...
The stock has moved to all time highs. I think there will be a lot of resistance at the high point and it will retrace towards the long term resistance marked on the chart.
It is in a strong bull run and will provide a good buying opportunity in the coming few days.
Buy @ 3650
SL @ 3400
Trailing stop loss strategy.