We have sideways movement few days as price action was consolidating inside an ascending triangle. We can expect good movement coming week as after consolidation, break out happens :) Bullish above 24400. Also remember the resistance at the 24490 - 24500 levels. Once the resistance is broken, price will move towards 24600, 24720 and 24850. On the otherhand, if...
Rounding bottom is a trend continuation pattern. And once the resistance is broken/pattern is complete, price action breaks out upside with out retracing.
Price action is forming a rounding bottom pattern. Strategy is buy in dips.
Price action will complete rounding bottom at 423. And there is resistance at the level 423 - 428. After breaking the resistance if price is not forming handle, it will gain another 40 to 50 points.
Price action is forming rounding top. Price will fall further before moving up.
Buy above 9940 with the stoploss of 9910. Targets are 9970, 9990 and 10010. Sell below 9000 with the stoploss of 9930. Targets are 9870, 9850 and 9820. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to...
Price action is range bound between 24260 to 24400. Should break the range for further movement.
Query : Can I enter during first 15 minutes of market opening? Answer : Market always will be volatile during few minutes of opening. We wont get clear idea which direction the price action will move. I always refer this duration as "gamblers paradise". For example see the chart. 15 mins high is 758. Low is 725. Whatever trading plan you have, it should have hit...
Vedanta is at the resistance zone 315 - 320. To break the resistance stock may retrace, go sideways or open gap up. Keep it in watch list. Good investment stock. Consult your financial manager before investing. For investment targets , I expect this stock to gain 100 to 150 points in one year. For trading I will post after the resistance is taken.
Price action has formed rounding bottom. It may retrace to 380 levels before starting to go up thus forming cup and handle formation. After breaking 390 - 395, it will move towards 415 and 430.
Buy above 24250 with the stoploss of 24200.Targets are 24320, 24400 and 24480. Sell below 24200 with the stoploss of 24250. Targets are 24120, 24040 and 24000. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price...
Buy above 9930 with the stoploss of 9900.Targets are 9950, 9975 and 9990. Sell below 9900 with the stoploss of 9930. Targets are 9870, 9840 and 9820. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to...
Buy above 655 with the stoploss of 651.Targets are 659. 662 and 666. Sell below 651 with the stoploss of 655. Targets are 647, 644 and 638. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry...
Buy above 422 with the stoploss of 418.Targets are 426, 429 and 433. Sell below 418 with the stoploss of 422. Targets are 415, 411 and 408. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry...
Buy above 373 with the stoploss of 371. Targets are 376, 379 and 381. Sell below 370 with the stoploss of 372. Targets are 369, 367 and 365. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry...
ITC is taking support at 270 - 275 levels and going to break the downward trendline. All the gaps will be filled eventually. So our entry is at 296 with the stoploss of 292. Targets are 304, 310 amd 318. Swing trade.
Buy above 445 with the stoploss of 441. Targets are 450, 456 and 462. Sell below 439 with the stoploss of 443. Targets are 435, 430 and 426. Swing trade. Keep trailing stop.
Query : How long it will take to become a consistent, successful trader? Answer : This question arises in every trader's mind in the early stage of their trading career. Finding a good strategy and following it makes a trader consistent. But nobody will help you to find your strategy. Every person's mindset is different and their strategy also is different....