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.
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.
Chart Patterns
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…
Trade update - Gail Stop-loss Hit.
Chart Patterns
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
Trade update : NMDC Stoploss hit.
shorted at 129, It went to 118. Now today it hit Stop-loss. It was 1:4 Return at 118, and gave me enough time to trail stop-loss to cost but I forgot.
Should have used covered put strategy as well when price was at 120.
shorted at 129, It went to 118. Now today it hit Stop-loss. It was 1:4 Return at 118, and gave me enough time to trail stop-loss to cost but I forgot.
Should have used covered put strategy as well when price was at 120.
Chart Patterns
Century textiles updates One thing I hate about all the chart patterns is placing a stop-loss at the pattern lows, which spoils the RR Ratio. Bullish Flags are continuation patterns it assumes that the prevailing trend will continue after the breakout.…
Trade update :
Century Textile up by 10% from the entry of 490, made a high of 540.30 yesterday.
Trailing Stop-loss at entry to 490 from 473.
And covering the long position by selling 560CE, Jan expiry at 7.60 Rs.
Trailing Stop-loss to the Entry price and using a covered call, lowering the risk.
CMP 530 SPOT & writing 30JAN 560 CE at 7.60
Century Textile up by 10% from the entry of 490, made a high of 540.30 yesterday.
Trailing Stop-loss at entry to 490 from 473.
And covering the long position by selling 560CE, Jan expiry at 7.60 Rs.
Trailing Stop-loss to the Entry price and using a covered call, lowering the risk.
CMP 530 SPOT & writing 30JAN 560 CE at 7.60
2020(9)
AMBUJACEM Entry at 210.65
Stop-loss 215
Target 189
Risk/Reward 1: 5
Risk 1.90% Reward 10%
Ambuja Cements is in a downtrend on a weekly and monthly time frame. It has excellent support around 185-190 Zone. It has pulled back from that level in the past once in October 2018 and again in October 2019 as well.
It's visible on the weekly chart that price is forming a descending triangle chart pattern. And the price is currently trading at the resistance of downward sloping trendline.
AMBUJACEM Entry at 210.65
Stop-loss 215
Target 189
Risk/Reward 1: 5
Risk 1.90% Reward 10%
Ambuja Cements is in a downtrend on a weekly and monthly time frame. It has excellent support around 185-190 Zone. It has pulled back from that level in the past once in October 2018 and again in October 2019 as well.
It's visible on the weekly chart that price is forming a descending triangle chart pattern. And the price is currently trading at the resistance of downward sloping trendline.
Chart Patterns
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.…
Nitty Trade update:
Nifty Made a high at 12430 in opening and fell by 100 points. It was expected.
So Stop-loss at 12410 is still intact because it wasn't even traded there for a few seconds at 9:15.
And not expecting nifty to fall below 12000 by 23rd January, weekly expiry.
Selling the 12000 PE at 17 to reduce cost.
Nifty Made a high at 12430 in opening and fell by 100 points. It was expected.
So Stop-loss at 12410 is still intact because it wasn't even traded there for a few seconds at 9:15.
And not expecting nifty to fall below 12000 by 23rd January, weekly expiry.
Selling the 12000 PE at 17 to reduce cost.
Chart Patterns
• Waiting for bearish price pattern to appear on a lower time frame after nifty crossing 12300 to 12400 levels, and then falling back. • Will it be a top? We can't predict that but we can trade that with a proper stop-loss. • That's what trading is all…
Now waiting for this pattern to emerge on lower time frame to open additional short position in nifty.
Plan your Trade and Trade your Plan.
Plan your Trade and Trade your Plan.
Havells Entry 624
Stop-loss - 610
Target 765
Risk-Reward 1: 10
Risk 2.24% - Reward 22%
Havells trading at 624, took support around 622-630 zone multiple times in the last 6 months.
The primary trend is very strong, so utilizing this dip to get in the trend.
If your trading set-up doesn't scare you, it will be rarely profitable.
Stop-loss - 610
Target 765
Risk-Reward 1: 10
Risk 2.24% - Reward 22%
Havells trading at 624, took support around 622-630 zone multiple times in the last 6 months.
The primary trend is very strong, so utilizing this dip to get in the trend.
If your trading set-up doesn't scare you, it will be rarely profitable.
Trade update.
Havells result effect. Stop-loss triggered in the gap down opening. My position is Stuck and open with stop 588.
This happens gap down and gap ups are needed to handle. Stop-loss of 610 was triggered in the gap down. Price was trading at 595 in the opening from yesterday's close of 616.
Havells result effect. Stop-loss triggered in the gap down opening. My position is Stuck and open with stop 588.
This happens gap down and gap ups are needed to handle. Stop-loss of 610 was triggered in the gap down. Price was trading at 595 in the opening from yesterday's close of 616.
Chart Patterns
Trade update. Havells result effect. Stop-loss triggered in the gap down opening. My position is Stuck and open with stop 588. This happens gap down and gap ups are needed to handle. Stop-loss of 610 was triggered in the gap down. Price was trading at 595…
Havells trading at 600. Now exiting the futures position. Initial stop was 610 which was triggered by gap down opening. So now exiting position at 600.
Not playing with Stops.
Not playing with Stops.
Chart Patterns
2020(9) AMBUJACEM Entry at 210.65 Stop-loss 215 Target 189 Risk/Reward 1: 5 Risk 1.90% Reward 10% Ambuja Cements is in a downtrend on a weekly and monthly time frame. It has excellent support around 185-190 Zone. It has pulled back from that level in the…
Ambuja Cement stop loss hit. Entry was at 210.65 Stop Was 215.
Chart Patterns
Nitty Trade update: Nifty Made a high at 12430 in opening and fell by 100 points. It was expected. So Stop-loss at 12410 is still intact because it wasn't even traded there for a few seconds at 9:15. And not expecting nifty to fall below 12000 by 23rd January…
Nifty Went below 12100 yesterday and bounce back. 12000 PE expired at 0. I can say my entry is now 12330+17.
Stop-loss is 12410.
When you earn a premium by selling options don't raise your stop level. Stop-loss should be where it was not 12410+17.
Stop-loss is 12410.
When you earn a premium by selling options don't raise your stop level. Stop-loss should be where it was not 12410+17.
Chart Patterns
2020(6) Long Centurytex Entry 490 Stop-loss 473 Target 590 Risk/Reward 1:6 I explain more about my analysis later in updates.
Century Textiles CM 600. The target of 590 Achieved, It's a 20% Jump.
However, my gains are restricted to 15% or 77 Rs due to a covered call. But Still it's a decent gain.
However, my gains are restricted to 15% or 77 Rs due to a covered call. But Still it's a decent gain.
Chart Patterns
Concor Long 562 Stop 543.85 Target 666 Risk/Reward 1:6 After all, It is a Navratna PSU under the Indian Ministry of Railways. Improvement of railways are under focus. And most important, It is in list of stack sale along with BPCL. I am keeping the text…
Container corporation gaining momentum ahead of budge on 1st, Feb.
CMP 580. entry was at 562.
CMP 580. entry was at 562.
Tatasteel, after the breaking out of the falling price channel on weekly, price is again re-testing the channel.
On Daily chart price is below the 0.382% retracement level of (w3) which is at 459.10. Today's low is so far 450.65.
Wave 2 ended exactly at 0.382% (W1) at 382.
If price holds a falling weekly channel re-test level, which is around 450, it can be an excellent opportunity to go long above 459 or to be precise going long above today's high of 462 to ride Wave 5 for the price target of 550.
This week is ending with the budget day, so expecting volatility ahead of expiry and the budget.
On Daily chart price is below the 0.382% retracement level of (w3) which is at 459.10. Today's low is so far 450.65.
Wave 2 ended exactly at 0.382% (W1) at 382.
If price holds a falling weekly channel re-test level, which is around 450, it can be an excellent opportunity to go long above 459 or to be precise going long above today's high of 462 to ride Wave 5 for the price target of 550.
This week is ending with the budget day, so expecting volatility ahead of expiry and the budget.
Chart Patterns
Now waiting for this pattern to emerge on lower time frame to open additional short position in nifty. Plan your Trade and Trade your Plan.
Finally, the bearish pattern is here. As we are following this development since December 20, 2019. Now nifty turning in a bearish momentum and it should be short on bounces.
The green zone is the support zone but not strong enough. We can't expect big reversal form a weak support zone. So the ideal support is 11700 for this bearish momentum.
The green zone is the support zone but not strong enough. We can't expect big reversal form a weak support zone. So the ideal support is 11700 for this bearish momentum.