Pnb Stop Reached on 4 Jan 2019

PidilitInd stop Reached on 11th Jan, 2019

Descending Triangle Breakout - Bearish Continuation Pattern

Indusindbk Short below 1471
Stop-loss 1490
Target 1406

Risk 1.29% And Reward 4.42%

RR Ratio 1: 3.42

http://www.equityearningz.com/trading-ideas/

Descending Triangle Breakout - Bearish Continuation Pattern

TATAELXSI SHORT AT 912 with a Stop-loss of 967 for The Target at 744

Risk 6% & Reward 18.43%
Risk Reward Ratio 1: 3.05

Level to Watch out is 885 because it's a 0.618% Retracement level of a Major Swing, Low at 510.60 and High at 1326.
If Tataelxsi consolidate around this level and losing it's momentum then it's a good chance to hold this support level .
But if it's going to break the support with strong downward momentum and higher volume then we may see lower levels in a sharp fall.

As per Chart Pattern Minimum Price Target is 18.40% lower form the cmp, so need to manage Risk and trail stop-loss actively.

http://www.equityearningz.com/tata-elxsi-descending-triangle-chart-pattern/

Trade Active, Indusind & Tata Elxsi

This was very quick to hit stop-loss. ( I use 60 min time frame very rarely in postional trades, Because using lower trime far for positional analysis means low accuracy. )

This 60 min time fram was qucik to hit stop-loss, And on othre side same pattern on Daily time frame doing well in TATAElXSI..

Trade Close Stop-Hit.

cmp 885

Level to Watch out is 885 because it's a 0.618% Retracement level of a Major Swing, Low at 510.60 and High at 1326.
If Tataelxsi consolidate around this level and losing it's momentum then it's a good chance to hold this support level .
But if it's going to break the support with strong downward momentum and higher volume then we may see lower levels in a sharp fall.

Indusind Bank now at 1450

So What Indusind bank did today is, it Gave one more bounce, our Stop-loss was tight so we stopped out. But this happnes, we can not avoid it.

And we always keep our stop-loss in system, not in mind, Even if it hit and then go to the other direction we don't care.

STOP MEANS STOP. No Wait and Watch here, Alwasy put your stop-loss in SYSTEM not in mind.

ICICI BANK has Broken It's Rising Trendline, So 1st Oppourtunity we may get for shorting ICICI BANK is when it get Throwback to It's Rising Trenline.

Look for Price action or Bearish Candlestick Pattern at that level for a Short Trade.
This is 1st possibility, 2nd It can again go to 370 Levels and Form a Right Shouler.

Icicibank has one Gap Fill Pending at 320 Levels, So it's very likely to fill that gap and find support around that level.

Trade is yet to come, It's Just a update. So wait for price development. How it unfolds form here.

2nd It can again go to 370 Levels and Form a Right Shouler.

ICICIBANK FORMED A RIGHT SHOULDER, NOW WE WILL LOOK FOR BEARISH MOVES TO SHORT ICICIBANK IN COMING DAYS.

Once we get idea what price is doing we can trade the price when it gives us right trading set-up in our anticipated direction.

we will look for bearish formation on hourly chart because we are anticipating bearish move in ICICIBANK form this level. Just get better Risk to Reward Ratio.

If we short as per head and shoulder pattern, Our Short Entry is at 336, Where the neckline is. And it won't give us good Risk Reward Ratio. Because short at 336 and stop-loss at 376. ?

Not a Good trade to make. If SL hit it will be a huge stop-loss.

So we will go to hourly time frame, will look for short set-up.

Shorter time frame hit stop-loss very often. But it will be a good Risk Reward when we are right.

Remember you just need 3 Good Trade with 1: 3 RR ratio. out of 10 trade to be profitable.

Icicibank Forming Right Shoulder. Look for Short Oppurtunities.

TATAELXIS Cmp 859.25 and Made a low of 830.10, Pattern Target is 744.

Trailing Stop-loss in TATAELXSI at 925 from 967.

Trailing Stop-loss as per Simple Text-book technical analysis which is very basic and everyone knows, the same is explained in the image.

http://www.equityearningz.com/tata-elxsi-descending-triangle-chart-pattern/

All Time High.... Cheeeeeers.....
But What next ???
12300-12400 or Back to 11300 ?

Let's See how things unfolds.

And I am Always Damn Slow in Catching up...
I'm #Niftymidcap100
Is this going to become a good breakout or again free fall later along with large caps ??

Every day is not a trading day. When you are in Doubt in trading, you need to stay away from that.
Banknifty is at it's All-Time High, Short Seller are already trapped, Bulls are in total control.
But Who knows, Who gains control later, Either buyers or Sellers ??
Today It's All-time High As well as the most important MONTHLY & Weekly Expiry.
So volatility is very much expected.

In intraday option selling, it's HIGH RISK AND MEDIUM REWARD DAY today.
So, staying away from trading is wise.

Every day is not a trading day, Discipline is the most important thing in trading then strategies and technical analysis.🙏

Nifty & Banknifty are in a strong uptrend. The last 3 days it's been consolidating.
So according to trading psychology, it's just a normal interruption.
These dips will be bought, And when we are in a strong uptrend, Buying on dips is the best trading technique.

Here we are selling Puts instead of buying index futures. Because with small account size, it's best to short options and grow your account slowly.

To learn more and get calls directly to your what's app click here.

bit.ly/Option_calls

For today's option selling trades.
Visit http://bit.ly/3dec_options_trades

Nifty at 20SMA SUPPORT

Will it hold or break? That we can't predict.

But as per technical analysis, in a strong uptrend, 20 SMA is a good support. Once the price rally and test the 20 SMA in a strong up-trend, it's a good buying opportunity.

Either the strong trend will continue for higher levels or wait for a Lower Highs and Lower Lows to confirm a Double Top.