The candles forming up in near future will decide fate of Mindtree as we are closer to trendline, if it fiddles with the line & turnsback, we are out of luck. I hope all other things explained in chart, if any other specific queries, feel free to drop a line...
Certainly Not ! Because, usually I post out Nifty before 9.15 am & its not the same today. Not a prob, but are we right on Timing the Nifty to our expected zones ? Well, Nifty needs to tell Me that. Just based on few presumptive reasons, I ascertain Nifty will reach out to 9750's zone between May 31 - Jun 2 & I may be completely wrong. Honestly, in My opinion...
When NPA's are rising, News articles screaming about bad asset quality ( we don't care about news also, lets put that aside now ) , Banknifty held its levels real Good & gave breakout yesterday, Now its time to aim for 25k's may take time with planned trial stops to avoid pullback stop hits, if you are planning for mid levels 24 k is your next target , Enjoy :)
I think thats something you guys need to decide depending on your risk ability & weekend , importantly as per your trading plan :) Lol ! Typo's thats 464 :)
Most of My New followers won't be knowing My tryst with TataSteel, every time I post a trade setup on Tatasteel it fails, No matter what it will fail. Always misfires... & It will remain as Favorite Misfire, No matter what, Not gonna hate it :) Here I honestly seek your opinion on Tatasteel whether this will happen or not, can you guys throw some light on that ?
Nope... Don't say so, infact dont say you haven;t expected that upside move. Why ?? Kindly check our Nifty Post on last Monday (22-May-17) titled 50 lakh crore. Nifty decided to do us favor by following our expectations & that's why our analysis are right. If there is No favor by Nifty, we won't be getting this much success rate for sure. So whats in for the...
Welcome to Expiry Day ! Today in our Nifty analysis we took just single sided view, yes kind of biased scenario on Gap Up open & taking support at 9380's zone, then back to reach for 9430's. The Move above 9430 to 9450 can be expiry build up for a swift action down, Well I may be very wrong about this point. So what a Intraday player can do ? Wait for the Nifty...
Shorts if suits your plan & purse err...Risk !
Well, atleast I believe so. Probably the retest of trendline around 9430's to 9450's zone then Nifty will move down further to 9350's zone, but may happen today or 2mrw . Moreover, I'm expecting that double bottom to be failure one, bcos of bearish sentiment... chill..chill...relax.. Bearish sentiment on very short timeframe. We can wait for further push up by...
Why it is Absolute Risk ? Bcos once you take the trade there is No going back, Your Risk is defined for sure & Absolute. Very well before taking the trade we know our Risk & on failure Risk is absolute. But we can't say for sure our trade setup is 100% winner, so there is Potential chance of Reward. Vedanta just initiating channel formation, LL's indicating...
Another trade setup on similar lines of Nifty but with approximate risk/reward but I suggest you to check with your trade plan & I agree its heavily consolidating. So lets watch, how this one performs...
Looking at downside movement from current levels,NMDC can be used as swing setup if it suits with your trade plan. Again, those tools are used on different timeframe's so skewed :) Happy Trading !
There can be may reasons given out for the fall yesterday, Guys, we expected 100 points relief to downside on wednesday & whatever form it comes, thats fine. But what's important is the candle formation on week, kind of indecisive one between , potential shooting star, that's fine bcos candle formations doesn't confirm reversals 100%. May be we will be running...
The title can be very easily misunderstood, Right Attitude & Mindset towards trading helps you in finding the right opportunities and to trade better. Many think attitude is bad, Nope not at all... You should be strong & stern towards what you believe in your strategy & Should stand for that, That's the Attitude. So, what do we have in Nifty ? The larger...
You can take it as either Intra or positional based on your risk appetite, but I will be aiming for a downside move in Hindzinc bcos of trendline retest and bearish nature. If you;re doing intra book partial profits in 245 zone,( positional too ) then trial the stops making it as breakeven trade :) If trendline gets violated wait n watch, if the resistance also...
Just take a very good look at charts, there are just simple lines, nothing complex or as magic. It doesn't mean complex strategies won't work.. both of them have their own pro's n cons, All you need to is completely understand what you are doing n following and sail through with that strategy even in times of downfall. Here we are looking for upside breakout in...
Parachute's are only used for safe landing, well that's what I know of, but why name a Hair oil after Parachute ? Still trying to figure out, though its cool name :) What do we have here, symmetrical triangle, at the first instance you can nail that & what happens in bull trend ? Expect Upside Breakout... That's it. Oh wait ! I have a personal interest &...
Sometimes I get queries as Why not exact stops or target ? It will be more helpful for Us. Guys, i) I don't know your capital ii) I don't know risk ability you can afford iii) I don't even know which trade setup or strategy you use to enter the trade on what timeframe iv) I don't know how long you can hold the trade ( Intra or swing ) v) I don't know you are...