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.
Chart Patterns
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.
Nifty Trade update.
Trailing the stop-loss to 12272 level. Nifty shorted at 12330.
Ideal target is 11700. But we have the budget upcoming on Saturday. So will see how price behaves and will adjust according to that.
Trailing the stop-loss to 12272 level. Nifty shorted at 12330.
Ideal target is 11700. But we have the budget upcoming on Saturday. So will see how price behaves and will adjust according to that.
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.…
https://in.tradingview.com/chart/NIFTY/cU2sfAgi-NIFTY-Looking-Back-In-Time/
Closing trade with almost 400 Points profit in nifty and Risk to Reward ratio is close to 1:5.
Shorted at 12330+17 = 12347
Covering at 11955
392 points profit.
Not wanting to get caught by the budget volatility, the market will give us many more opportunities to trade safely.
Closing trade with almost 400 Points profit in nifty and Risk to Reward ratio is close to 1:5.
Shorted at 12330+17 = 12347
Covering at 11955
392 points profit.
Not wanting to get caught by the budget volatility, the market will give us many more opportunities to trade safely.
TradingView
NIFTY - Looking Back In Time for NSE:NIFTY by Equity-Earningz
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.
So…
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.
So…
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…
Exiting concor at 568. Entry was at 562. Going blank in the budget. NO POSITIONS.
Short Nifty 12025 - Stop-loss 12162 - Target 11340
Risk/Reward 1:5
We have often seen the Market making big moves to the opposite side of an unfavorable event. The Rally after so-called disappointing Budget is such an example. The majority of traders considered the Budget as the trigger for the further downside. But Market rallied taking support at 200 SMA at 11630 to 12160. Those Who shorted on the budget day market didn't give a chance to cover short and rallied more than 500 points.
Nifty and Banknifty Weekly option is highly traded instruments. A lot of traders buy puts and write calls in weekly expiry. But The Weekly expiry after the budget was not favorable for put buyers and short sellers. They got squeezed in weekly expiry after the budget.
Market Rallied till the weekly expiry and after that giving up gains on Friday and Today, suggesting short squeeze is done.
Risk/Reward 1:5
We have often seen the Market making big moves to the opposite side of an unfavorable event. The Rally after so-called disappointing Budget is such an example. The majority of traders considered the Budget as the trigger for the further downside. But Market rallied taking support at 200 SMA at 11630 to 12160. Those Who shorted on the budget day market didn't give a chance to cover short and rallied more than 500 points.
Nifty and Banknifty Weekly option is highly traded instruments. A lot of traders buy puts and write calls in weekly expiry. But The Weekly expiry after the budget was not favorable for put buyers and short sellers. They got squeezed in weekly expiry after the budget.
Market Rallied till the weekly expiry and after that giving up gains on Friday and Today, suggesting short squeeze is done.
Short SRTRANSFIN Below 1193
Stop-loss 1235
Target 940
Risk/Reward 1:6
If Price Closes above 1234 Before Breaking 1193 then trading set-up becomes invalid. CMP is 1203.
Learn How to trade ranging prices/market
http://www.equityearningz.com/range-bound-prices/
Stop-loss 1235
Target 940
Risk/Reward 1:6
If Price Closes above 1234 Before Breaking 1193 then trading set-up becomes invalid. CMP is 1203.
Learn How to trade ranging prices/market
http://www.equityearningz.com/range-bound-prices/
Chart Patterns
Short Nifty 12025 - Stop-loss 12162 - Target 11340 Risk/Reward 1:5 We have often seen the Market making big moves to the opposite side of an unfavorable event. The Rally after so-called disappointing Budget is such an example. The majority of traders considered…
Gap-up And stopped out in Nifty at 12162. Stops should be in system. When Stop level reached in underlying security, Future's position should be closed immediately. Not Playing With Stops.
L&T Finance | Short Below 128 | Stop-loss 134 | Target 105 |
Risk/Reward 1:4
It's a broadening top formation. And pretty much like what the textbook describes. Be careful because nice-looking patterns are rarely successful.
If price closes above the upper trendline before breaking 128 then the trading setup becomes invalid.
Risk/Reward 1:4
It's a broadening top formation. And pretty much like what the textbook describes. Be careful because nice-looking patterns are rarely successful.
If price closes above the upper trendline before breaking 128 then the trading setup becomes invalid.
Axisbank - Trading Sideways or Ranging Price.
What you think Axis will do? Probability A? ( Testing 700 again ) Or Probability B? ( Breaking out of range and not going to test 700 levels )
What you think Axis will do? Probability A? ( Testing 700 again ) Or Probability B? ( Breaking out of range and not going to test 700 levels )
Final Results
59%
Probability A
41%
Probability B