KSCL is forming a rounding bottom in weekly chart showing the stock is bullish. Every pullback is a buying opportunity.The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the weekly chart indicates this script is turning from bearish to bullish . When buyers enter...
My colorful chart expressing the trade set up!!!
We are having long weekend and I thought of looking at forex charts. EURUSD is at resistance zone and retracing. Can go short with the stoploss of 1.2029. Targets are 1.1176,1.1160 and 1.1145. Entry depends on your trading plan.
Most people think analysing and planning the trade is important and tough. After getting experience as a trader we realise trading discipline is the most important thing which brings success/money to the trader. Discipline prevents a trader not to act because of greed and fear. It controls random and impulsive trades too. After few good trades, a trader develops...
Query : Plz guide me how can i learn technical chart of each stock and which material shall i follow . I am totally lost i use only fundamentals to buy stock. Answer : If you google, you can get lot of materials to study. The website investopedia is good. If in your family circle or among friends, if anybody do trading/investing find the reasons for their...
Price action has formed double bottom. Buy above 373.5 with the stoploss of 371. Targets are 376,379 and 382. Sell below 371 with the stoploss of 373. Targets are 368, 365 and 362. Trading rules. 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 461.5 with the stoploss of 459. Targets are 465, 468 and 471. Sell below 459 with the stoploss of 461.5. Targets are 455, 451 and 448. Now we are going to see the trading rules. 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 512.5 with the stoploss of 509. Targets are 516, 520 and 523. Sell below 509 with the stoploss of 512.Targets are 506 and 503. We have analysed and planned our trade as usual. Now we are going to see the trading rules. 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...
Important part in trading is learning trading discipline. Analysis and plan is 50 %. Systematic trading takes another 50%. I have named my trading system as "Vanathi waves"(I have justified the title) Nifty has taken support at 9610 and bounced back. Buy above 9625 with the stoploss of 9610. Targets are 9645, 9660 and 9680. Sell below 9610 with the stoploss of...
Here is the fundamental news. GMR infrastructure is reducing its debt considerably which gives hope for the investors. You can google and confirm it. Technically my favourite rounding bottom is forming both in weekly and monthly charts. This stock will triple its price in 3 to 4 yrs. Always consult your financial manager before investing.
Mirza International looks good for short term investment. Found rounding bottom break out in day chart. In 4 hrs chart the pattern looks more clear. We can buy above 160. I expect this stock to gain another 30 to 50 points in four to six months. Always consult your financial manager before investing.
Price is consolidating inside a descesnding triangle. Buy above 490 with the stoploss of 487. Targets are 494, 498 and 501. Sell below 486 with the stoploss of 489. Targets are 483, 479 and 476. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for June 13, 2017 only.
Balaji Telefilms is having gradual and steady growth from april 2017. Price action has formed rounding bottom and now break out is happening. We can invest in this stock above 145. I expect this stock to gain another 50 to 70 points in 6 months to one year. Always consult your financial manager before investing.
I got this query about idea from a twitter follower of mine. And when I checked the chart, I found it interesting to see how RSI and price action has behaved. It too early too tell the trend is going to reverse. For short term, buy above 80.50 with the stoploss of 79. Targets are 84 and 87.
I have extended the lines I drew few days back. Nifty will be bullish if it sustains 9680. Resistance is seen at 9702-9710 levels. Breaking 9655 will make the price action to reach 9630, 9610 and 9590. I wont be surprised if nifty is range bound today.
Here you go. Found rounding bottom in 15 mins chart. Ofcourse, this is a day call. Buy above 382 with the stoploss of 379. Targets are 386, 389 and 392. Sell below 378 with the stoploss of 380. Targets are 374, 371 and 368. Will see whether it makes a rounding bottom or breaks it! Intraday calls depend on the market opening. Analyse and follow your trading plan...
Query : I learnt trading myself. Initially I got profit. I started to lose money when I increased my position size. What should I do now? Have you seen any one who learnt to drive car themselves? If you want to learn driving from whom you will learn? Not from race car drivers. Right? I interact with people who want to become traders. They all have this mindset 1....