REPOST Achieved 13% return on short call given on TataMotors within a week. Perfect positional trade with a simple yet powerful concept of trading: RSI Divergence and Trendline breaks Time stamps for trades on previous post: Short at 198-200/ SL: 210 Targets 190,185,180 Jan 14 Trade active Jan 18 Trade active: Market actively trying to...
Our short position on PEL worked out to a decent fall. The full target is still on the cards! LATE ENTRY REMINDER A trader who has missed the opportunity can get a late entry near 1650 zone if it bounces for short covering However it may fall relentlessly and to catch the move an order to sell can be given to trigger at 1560 (low of the day) for an additional...
As explained on chart. Would suggest a staggered investing method for portfolio addition and Swing trades. Long Entry price 180-185 SL Lifetime Low 177 Target Open! Swing traders can exit at Targets 200-210 I personally feel that the budget on Saturday is going to give a nice boost to energy stocks and such infrastructure/power driven stocks. Starting Addition...
Multi Year Demand Zone approaching. Watch out for the levels and keep good volume PSU bank stocks on watchlist for catching the move Your opinions of the budget on Saturday will be appreciated. Last time around the FM made all banking stocks really volatile notably Public Sector Banks on budget day. However we are trading at very different price levels from the...
RSI Short futures at CMP with an SL of 5% from entry
Earnings season for banks kickstarted. IndusInd disappointing, looks like a good RR if the market is to be capped for the remaining month.
Decrease in OI, with an increase in Price The market has been making new highs so this is a risky call. Short at 198-200/ SL: 210 Targets 190,185,180
Looks like it's going south. Its a little oversold but MACD has full sell signals. I'd watch for the market depth and big orders deployed by MFs to add longs, Grab the opportunity to sell at upper resistance Once cracked, bloodshed to 52wk low.
Add Long position at >260, till 256 Fundamental
Given a short call, achieved after false breakout Good price to add long, given NIFTY remains above 12k.
Or not? Let the Presidents of the two most powerful nations decide the fate of markets worldwide. Bets on the 15th Dec trade deal deadline turning ugly? US-China bhai bhai? RBI coming to the rescue before 2020? regret not cutting rates?
Updated from previous idea: Wait for breakdown of support at 520 zone on 15min candle for rejection at 525. Short term trendline support also to watch out for. Although i personally believe it is going to come at it's long term trendline at green, the proper trade would be to wait for breakdown instead of adding shorts at higher zones since it's soaring at ATH.
Simple Trade idea for short. Market has seemed to have taken out all the bears with ATH levels just before expiry day. Expecting Volatile movements with a good Risk:Reward. Or it may just consolidate within a tight range as do stocks which have seen Big Buying recently.
Expecting some action this Expiry for BankNifty Contracts. I have had a post of BankNifty hit the SL but i will surely take the chance to Short at yesterday's low of 489.5 Trendline Break is always a good bet, let's see if the stock respects its supports like BankNifty hovering in the uptrending channel; or the banking stocks get a beating with sellers rushing to...
Safe to add yesbank at or near trend line. Big candle buying by Rakesh Jhunjhunwala is marked. Unlikely that Yesbank is ready to test it's lows unless bad news discovered so.
Likely to Correct and Consolidate before creating new highs. Upmoves and downmoves marked very clearly.
One last drop to retest 390 levels will be a good chance to add Tata Steel for huge target. Synced with betting on EU operations and stock market to test highs. Result Day trading is volatile and trade could go either way.
In the absence of any big positive news, markets seem to be getting weak and trapped at higher levels. Riding the profit booking wave would be my strategy for the coming weeks. Overbought and short covered sectors including Metals, Telecom, Auto and Banks on Watch. Brexit and US China trade deal also seem to be hung for the time being. Strategy void on...