XAUUSD crossed 1490 and 1502 levels too in a impulsive move. Now trading at 1512.
So Short Trade set-up is negated.
And above 1500, Gold trend is up. It is a bullish flag breakout on weekly chart.

Adani port Stop-loss Hit. Don't play with stop-loss like it's a closing basis and wait for 3:30 to check the closing price.

Stop-loss must be kept in the system, not in mind.

Adani port Symmetrical Triangle Breakout. But the overall trend remains down so not trading upside breakout.

Next Resistance is around 385. So we need to watch price action around that level for a fresh short entry.

ICICI PRUDENTIAL
RISK/REWARD 9:1
BUY AT 485
TARGET 537 ( Life high and above )
Stop 479

I'm Risk Reward maniac and ready to take small loses, compromising accuracy over rewards.

Price Breakout of NR7 Range. This could become swing low.

Gail is in a bear market of its own.

The price corrected over 45% from a high of 200 to a low of 110 in the past 18 months.

Gail is trading at a resistance of an upper trendline in a falling price channel.

Today price did break out of the falling trendline but gave up gains at the end of the trading session.

Price falling back inside the channel, creating a long wick indicated selling pressure at the resistance level.

The trend being downward, it’s wise to sell on rallies.

Short 125.50
Stop 128.50 ( Today's High)
Target 100

RISK/REWARD 8:1

ICICI PRUDENTIAL Stop-loss Hit.

Waiting for nifty to trade in the range 11960-11980, and then bounce back to 12008, which is 0.618% retracement level of recent swing.

That's where I'm going long, keeping SL as the low it makes.

But, if nifty slides like a falling knife, then I'm not catching it.

Whenever the market falls because of geopolitical tensions, the fall often doesn't last long. In the short term, crude and currency prices may keep indices under pressure.

Plan your trades and trade your plan.

Neutral Doji:
This is the most common form of the Doji candle where the open and close price falls within the middle of the high and low prices. Outside of a trending market, Dojis are often considered neutral patterns by technical analysts.

Long-Legged Doji:
An extended version of the Neutral Doji is the Long-Legged Doji. It signifies an increased amount of indecision regarding the stock price direction.

Gravestone Doji:
When the open and close of a candle is very close to the low of the candle, this is referred to as a Gravestone Doji. A Gravestone Doji can sometimes indicate a bullish reversal from a downtrend.

Dragonfly Doji:
When open & close of a candle occurs around the high of a candle, this is called a Dragonfly Doji. Traders look for Dragonfly Dojis at the peak of an uptrend and spot bearish reversals.

Expecting FMCG stocks to do well while nifty is consolidating at the upper range.

Nifty likely to hold the low made due to the Us-Iran event on January 6, 2020. Though nothing is predictable, we can't predict the market.

That's why the term stop-loss is a wonderful thing, use wisely and trade safely.

Dabur India Ltd:

Entry 455
Stop-loss 449
Target 487 (New Life High )

Risk/Reward 1:5.50

Buy Nifty 12020
Stop-loss 11974
Target 12300 and above.
Risk/Reward 1:6

Target all the way back to new highs.
Just buying the dip with 45 point stop-loss.
Trading with the prevailing trend and I am ready to lose small for higher reward.
Or let it hit the stop-loss and go down further for the sake of NMDC & GAIL. :)

Iran sending some love to US, sending missiles to US army base in iraq. Now there will be retaliation. So Gap-ups and Gap-downs.

Nifty Stop-loss hit in the opening but waited for 5 min candle to break low. Which didn't broke it. But now exiting the trade at cost 12020.

Which is not a good practice but in the event like this one can try. Not Everytime.

Dabur exited at 550. SL.

Not playing with Stops

nmdc trade update

Expect the NMDC Donimalai mine case to get resolved in the next 3 months. - Karnataka Mines Secy

Yes Sir, take your time. Not in a hurry! 😁

NMDC made a low 118.10

Target is 115

2020(6)
Long Centurytex

Entry 490
Stop-loss 473
Target 590
Risk/Reward 1:6

I explain more about my analysis later in updates.

Just a small part form WD Gann's concepts.

Nifty fall by 53% in 2000-01, on the dot-com bubble burst.
After making a bottom in September 2001, nifty traded sideways until April 2003 before picking up and rallying to 6357, a new Real estate bubble in 2008.

So we were up by 5507 points in nifty form dot-com to real estate bubble.

It's not the bubble that I am interested in, but it's the Number 5507 Points.

We are up by 5512 Points till today's high form February 2016 lows.

It's all about WD Gann's concepts. I know the only price is not essential to catch the top. Time is more important than price.

And I found not time matrix here. Just a one Number co-inside is 5507 +/- few points.

I am not forecasting a top or anything. I am just trading this thought of price wave. Which is very much in use, and works too.
But nothing works precisely every time, keeping that in mind I am purely trying my luck by shorting a couple of lots in nifty at 12330 with Stop loss above 12410

Target not decided yet.

Trade update - Gail Stop-loss Hit.