Query : I do not use/follow stop loss. For example if I purchase 100 share @ 100 Rs if share value @Rs 102 means I book and exit if going down means wait (Mentally thinking coming up like that) finally sell @ Rs 80. 20 Rs loss per share. How to control this? Answer : I have seen this problem among many new traders. Not closing the trade when it hit the stop loss...
Query : I do analysis & plan my trade. But I am not disciplined. I am trying, but still discipline seems tough. What to do? Answer : During the market hours, seeing the live market chart makes us question the analysis we have done earlier. Its human nature to want to be right always. This makes us do irrational decisions in trading. In other words, its the "ego"...
Price is consolidating forming an ascending triangle.
Price moves because of the war between the bulls & bears. Direction is decided by who takes the control. Generally whenever price is nearing support or resistance, the intensity of the war between bulls and bears increase. Therefore price consolidates. I have marked it in yellow rectangle box and that area is known as "price rotation". Still the bear trend have...
This is a classic example for explaining "tails". Price was nearing the support and both buyers & sellers were trying to take control. This was expressed by upper wick & lower wick candles formation. Support was at 462 - 464 levels. Whenever we saw battle between buyers & sellers, we have to wait for few minutes so that we can get trend direction confirmation....
Query : How to find trend direction as I am confused with tails. Answer : Yellow line is the support which turned as resistance, Once the price has broken the support, it becomes resistance. When price was nearing the support, the candles were forming with long upper wick, which indicates more sellers were coming in. Once the support was broken, trend was bearish...
Bearish below 30800 for the targets 30620, 30500, 30360, 30260 and 30000. Bullish above 30920 for the targets 31160, 31400, 31560 and 31720.
Bearish below 11600 for the targets 11520, 11460, 11380 and 11300. Bullish above 11620 for the targets 11660, 11720 and 11780.
Bullish above 11870 for the targets 11920, 11980, 12020 and 12060. Bearish below 11820 for the targets 11780, 11720 and 11660.
The range move between 31050 - 31500 will decide the trend direction when it is broken. Bullish above 31500 for the targets 31640, 31780, 31900 and 32200. Bearish below 31050 for the targets 30880, 30700, 30540 and 30320.
Its said, "tough times never last, but tough people do". Its very easy to open a trading account and start trading with out knowing anything about it. And that makes people to trade. To be a profitable trader, a trader needs a trading system/strategy, trading plan based on it, trading rules, risk management, money management, discipline & proper mind set. To...
Bank nifty was volatile and was forming "upside down" cup & handle formation.