Hi NSE Traders, Greetings to you. Here is an idea / approach to trading NSE Stock Futures. As an ex-Banker from SBI, this is my personal approach. While most traders trade Options, that comes with far more risks than trading Futures. This approach ensures that your maximum loss can be capped to an amount set by you. It takes the benefit of Hedging to protect...
Hi Folks! It took 68 days for Ambuja Cement to drop below 40% from its recent major high of 598. The company had issues with Truckers and being an Adani Group company affected its prices. The current price is at a solid discount level and usually such a drop is rare. If one is willing to wait the same 68 days or more, then this stock is very likely to recover...
Hi TV Community. I found the Adoptive Donchain Channel script by user HeWhoMustNotBeNamed to be very useful in drawing Fibonacci Levels. As this script holds the price channel for long, this enables us to draw Fibonacci levels that in my opinion show probable S/R levels much better and eliminates guess work in selecting the Fibonacci High and Low levels to draw...
Hi folks! Here is an idea that focuses on State Bank of India only. Adopting this method you will trade only State Bank of India stock / futures / options. Here is how it works: Capital: Whatever capital you wish to deploy, you will open a Fixed Deposit (FD) in State Bank of India. Presently on 1 (one) year deposit the interest rate is 6.75%. Immediately...
Hi TV Community I am sharing an approach to intraday trading and hope that some of you may find it useful.
Hi TV Community. Some users have asked me about the color theme of my charts and so I am sharing the settings. Feel free to use if you find the theme interesting.
Hi TV community. You may have used Donchain Channel (DC) in your trading setups. But have you used two in conjunction? Add two DC, one set to 144 period and the other to 21 period. Now, you will be able to see the levels where the shorter DC is providing support or resistance to price. So, when you wish to take a long entry; if price is hitting the low of...
Hi TV Community. Heikin-Ashi candles do not reflect real price, but if you treat them more as indicators, then you can spot many signals and patterns that aid in trading. One such pattern explained in the chart might interest you. Observe and you can see many such 'hidden' patterns, that are not seen on regular charts.
Hi TV Community, I am sharing an idea that might help when when looking for long trades. Read the explanation in the chart. all the best.
Hi Traders in NSE stocks. I am sharing a method to investing in NSE stocks that I personally use to identify opportunities and limit myself to trading only in highly liquid stocks. I hope that the shared information helps you take a new look at trading and also help you in trading profitably in the most liquid NSE stocks. I am always interested to discuss the...
I am watching GJ and based on what I see, I have identified a zone and am of the opinion that when it hits that, it will attempt to move up again. Let's see.
Hi TV community. When adding indicators to charts, it is possible to set indicator's time-frame or resolution to something other than the chart's time frame. This feature helps in viewing PA from a higher or lower perspective and aids in identifying trades and direction. If you have not explored this feature, hope this idea helps you in using this feature. All...
Heikin-Ashi charts reveal information about price action that no other chart type does. The shared chart is self-explanatory in this regard. The example taken is how to look for long opportunities. The opposite is good for short opportunities. Hope traders find this useful.
I am sharing a chart with a trading idea for educational purpose which I hope some of you will find interesting. Of course, as always, exercising due diligence with this content and before every trade is your responsibility.
I was looking at MCX on the 1h TF and observe that price has crossed the cheap entry zone as per the ProTrader script. I have seen that on many occasions, when the levels are drawn, price attempts to reach at least the first marked level. I think this time also it will do so. For the curious, the levels are based on Fibonacci sequence and are automatically...
I was looking at USDCHF on 2h TF and note that price is steadily moving up and on the basis of my set up, I am of the view that it might attempt the marked levels. These levels are identified and plotted automatically by ProTrader script and the levels are based on Fibonacci Sequence. Let's see how it works out.
I was looking at ETH on the Daily and notice that price is inside the buy zone as per ProTrader script. As I have seen on many occasions that price manages to touch upper level (the golden line), I am of opinion it might do so this time as well. Since price is below 3194, price has to reach up to trigger a long trade at 3194. Traders may want to look for...
I was looking at EJ on 1h chart with data from 4h time frame and notice that as per ProTrader set up, the long entry was at 136.147 level and from the way price is moving, retrace on 15min or 30min chart may open up opportunities to go long as price may aim for the levels 137 (high probability and 138 (probable). For the curious types, the levels are Fibonacci...