October 23, 2020

NIFTY intraday charts

5 min:

- traded long in circled area



60 min:

- waiting for breakout from range



NIFTY EOD charts

- nifty closed 0.3% in positive at 11930
- AD was 2:1

- this week, nifty was extremely rangebound
- all trading days had a doji
- incidentally all activity took place within the body of the big red bar



October 22, 2020

NIFTY intraday charts

5 min:
- extremely rangebound movement
- no trades done


15 min:



NIFTY EOD charts

- today nifty closed 0.3% in negative at 11896
- AD was 5:4

- markets still trading within range of big red bar
- note the recent 1100 point rally in less than 2 weeks
- so some sideways movement can persist for a long time



October 21, 2020

NIFTY intraday charts

5 min:


15 min:

NIFTY EOD charts

- volatility continues within circled area
- today nifty crossed 12000, fell more than 200 points and then recovered
- close was 0.3% positive at 11938
- AD was flat



October 20, 2020

NIFTY intraday charts

5 min:


NIFTY EOD charts

- today nifty closed flat at 11897
- AD was flat
- however VIX is increasing almost everyday
- today it was up 4% at 22.69

- will we have a gap down opening tomorrow?



October 19, 2020

NIFTY intraday charts

5 min:


NIFTY EOD charts

- today nifty closed 0.9% in positive at 11873
- AD was 3:2

- trailing SL 5 bar low was triggered for long positions
- 10 bar low trailing is now at 11564 and will increase to 11629 tomorrow



Just in case you have too many worries in life

 


HDFCBANK results and next day trading day

 


Source: https://twitter.com/golfstocks

October 18, 2020

5 Key Rules For Heikin Ashi Trade

There are broadly 5 rules that need to be followed when trading with Heiken Ashi Candles. 


Rule Number 1 – Green candles with no lower “shadows” indicate a strong uptrend: When you spot these on charts, be in the trade and don’t think about profit booking. You might want to add to your long position and exit short positions.

Rule Number 2 – Candles with a small body with upper and lower shadows indicate  trend change: These are indecision candles and require more confirmation.

Rule Number 3 – Red/Black candles with no upper shadow indicates strong a downtrend: When you spot these on charts, be in the trade and don’t think about profit booking. You might want to add to your short position and exit long positions

Rule Number 4 – Candles with long lower shadows represent Buying interest. Always take note of these candles and assess price action after you spot these candles.

Rule Number 5 – Candles with long upper shadows represent selling interest and be cautious with existing long positions if you spot such Candles.


How crucial is risk management in protecting the capital and for healthy return as well : A case study

October 17, 2020

October 16, 2020

The decline of the US...remember the decline of the British "Empire"?

NIFTY intraday charts

15 min:
- trend is down and will reverse to buy on close above 11800 F


30 min:

NIFTY EOD charts

- today nifty closed 0.7% in positive at 11762
- AD was 2:1

- most probably this was a dead cat bounce
- region of 11500-11600 is a support area
- if this breaks next week, expect a deeper correction

- note that kplswing indicator is still showing trend as bullish
- however a trailing SL at 5 bar low got triggered yesterday
- 10 bar trailing SL will be at 11500 after 1-2 trading days



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