Initiate longs @ 5135-5150 zone with a SL for the day @ 5095.
Aggressive trade:
Buy @ 5140-5150 SL 5125 ; Sell @ 5185-5195 SL 5205
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
8 comments:
Hello Sir,
Yesterday you remarked "Broadening formations make trading tough.." and suddenly today morning I remembered a report I read some days back that said "50% of free float stocks in the market are helds by FIIs and DIIs", which set me thinking in these lines: Wave patters are supposed to play out when there is mass participation from the general public, however, with 50% of stocks being held by a bunch of individuals..... I hope you get my drift....
Hi..Anil,
Forget about FII & DII's making the mkt moves. It is quite simple ....for every 50% of their holding, yjere has to be a corresponding 50% buy/sell by "Others" which comprise of all kinds.
If I say "Broadening form make trading tough", it is my failure to spot it.
There are still millions trade & invest in the mkt & succeed. Hence, the talk of only FIIs & DIIs make money is just an eye wash..you got to see , then, mutual fund performances owned by this so called FIIs & DIIs.
If you apply yourself consistently, you can beat anyone....why beat anyone???..Competition is no good. Let us just make money.
Sir u not reply on my yesterday post.
U msg me to mail me all details about ur trading strategy.
Sir as Nf is seems to be in overbought zone bought RSI & stochstic are showing overbought so it is ok to go long at these levels?
Hi..Musti,
"ORB" has given a sell.We are not initiating the conservative long trade too.
Sir going short at 5140 levels with asl of 5165 will be safe?
PLz sugest.
Good Morning ilango !!
Hi..Dinesh,
GM to you.
Hi..Musti,
Manage your positions as I would post TA @ critical junctures, if time permits.
Uptrend is intact. We are shorting for 20-30 points. Now the intra down channel is broken..This is not a positional call.
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