Sun Pharma is now at a multi-year horizontal - SR level . You can see the levels go back upto 2013 which make them important. Fellow traders are suggested to trade as they decipher this chart in their own way . Cheers !!
Pin bar + Support = Long Good risk reward. Stop loss - Pin bar low + Cushion = 865 Target - Resistance - Cushion = 950
Tata Motors - 1. Here you can see, NSE:TATAMOTORS is on resistance on daily trendline. 2. Also, you can see the earlier resistance area which might turn out to be support and help in breaking out of the downward sloping trendline. 3. Otherwise if it doesn't find demand, we may see levels of the previous swing lows. 4. There's a divergence with the OBV...
CMP - 643.5-644 Stop Loss - 639 Target - Ride it
CMP - 703-704 ( fluctuating ) Target - Hold till end of day, ride trend SL - 700
CMP - Buy at 203.8 Stop Loss - 203 Target - Ride it till it touches yellow .
CMP - 940 SL - 942.5 Target - Closing basis
CMP - 155.1 Stop Loss - Upper yellow line of triangle Target - Ride till End of Day
CMP - 249.15 Target - RIde it Sl - 248 Lines are drawn from previous important levels.
Hi fellow traders, I have published a new script to assist you in trading. As day and short term traders, we need strong movement, hence, to save our time and allow us to trade only when we expect a lot of movement, I have built this script. Simple Rule : Trade when it enters green zone. That's it. Avoid trading when in red zone and preferably, blue...
---------- Continued from Weekly Educational Series - PART 1 ; ---------- 3. Expectancy So, now we have got our risk reward ratio and winrate. We move on to calculate the expectancy of our trading strategy. The formula is, Expectancy = (Probability of Win * Average Win) – (Probability of Loss * Average Loss) So, in our scenario, where, Risk...
For the benefit of other traders, I am starting a weekly educational series where i will be covering lots of topics related to trading which everyone should abide by. It will be in simple language and easy explanation so that everyone can understand. There will be further detailed explanation of nuances if required by the members. So, starting with the first...
Bitcoin CMP - 896 Here, I have drawn the important lines. Now trade their support, break and retest. Have a specific strategy of position sizing and stop loss which suits your trading plan. Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2 hours. Thanks.
NSE:APOLLOTYRE everything explained on chart. thanks.
APTECH CMP : 184.50 it is at decisive level , which way it will go, try to jump on the bandwagon.
GAIL - CMP - 460.50 All expalanation on chart itself. Use it to trade according to your strategy. Glad to help. I hope you like it.