BraViSa TempleTree-India Market Calls

d_s_ramesh

Well-Known Member
NIFTY rocks with a strong gap up, ratings take a dip again, non-trending stocks rule the roost at the moment. We need to wait more. So far the wait has proved to be strongly beneficial with 2 great whipsaw trades being knocked out of our radar.

There is a strong overhead resistance at 5333 levels, if we can remember of getting hit recently, and even today market is struggling there.

If the market pulls up from here, we may loose few points till our rating go positive, but that is a double assurance of a good trade.

Lets wait...............
 

d_s_ramesh

Well-Known Member
While market is inching up, rating is taking a dip. Trending stocks on the hourly charts has come down to 15 prom the previous closing level of 21. Overall index strength on the trendiness is 44%. We need the strength to cross 50%, wait continues.

NIFTY is still struggling to take off 5333, this seems to be crucial at the moment.
 

PGDIMES

Well-Known Member
Hello Ramesh,

I don't know whether this is the right place to ask this question or not, but I want to know whether this is the right time to enter RPower or not. I entered it on 2nd July and exited on 3rd. I want to re-enter today if it remains above 178.5 on July futures.What are your views?
 

d_s_ramesh

Well-Known Member
Welcome PGDIMES, any question regarding the markets can be asked and clarified, I will give my views. But, request you to check with your analysis before committing capital.

RPOWER is in buy fro 157 levels on the trend following approach. You had attempted entry at the right place and got out in right time. A pat at the back for your wise judgment. Though the stock is in uptrend, there is a retracement of bearish divergence hanging over the stock on the daily chart.

Weekly charts too hold the present bullish move, but the up move is likely to get resistance at 192 levels. I would advice a wait before entry and trade long in the vicinity of 172.50-173. At the current levels it is slightly above value.

As I said this is my way of thought in this counter, maybe shorter term players may have a different view.
 

d_s_ramesh

Well-Known Member
Once again 'Power of BraViSa' shines bright. Close to keeping us away from yet another whipsaw trade, or at least giving us an opportunity to get lower level entry as the stop on the 3rd whipsaw trade is quite far away.

At 2.00 pm today the slightly increased rating of the index has again dropped badly to 42%. NIFTY is likely to snap back, caution advised on long positions open at present.

At one side if it is joy that we got saved, on the other it is very sad that the market is skinning all the traders alive for the past few sessions. Though not our loss, lets not cheer the losers. Those who get battered in these type of markets are the novice, ignorant, new players.

Staying away from the markets for some days would be a good advice. We have never seen the rating system performing so poor since its inception close to 2 years now.


 

d_s_ramesh

Well-Known Member
As we come close to the end of yet another non-directional market on the high ranges, there is no improvement in the ratings. 43% trending stocks on the Index, wait continues.

Though the market stays above opening lows not threatening stop levels, what is in store from the other part of the globe????? Keeping off the NIFTY tracks till a clear trend emerges can save money and a good nights sleep.

Instead of Happy trading, we would rather like to say cautious trading folks.

Thank you.
 

d_s_ramesh

Well-Known Member
NIFTY has given another strong bullish move, but ratings just inching up to 48%, while price has gone far away from value zone. The picture at the moment is not very clear to venture in, waiting on the sidelines would prove to be beneficial.
 
Once again 'Power of BraViSa' shines bright. Close to keeping us away from yet another whipsaw trade, or at least giving us an opportunity to get lower level entry as the stop on the 3rd whipsaw trade is quite far away.

At 2.00 pm today the slightly increased rating of the index has again dropped badly to 42%. NIFTY is likely to snap back, caution advised on long positions open at present.

At one side if it is joy that we got saved, on the other it is very sad that the market is skinning all the traders alive for the past few sessions. Though not our loss, lets not cheer the losers. Those who get battered in these type of markets are the novice, ignorant, new players.

Staying away from the markets for some days would be a good advice. We have never seen the rating system performing so poor since its inception close to 2 years now.


Dear D S Ramesh - I think whenever markets would go in a range, most of the traders who trade on trend based systems and follow smaller timeframes would get killed...but they don't constitute the entire universe of traders..so not all traders got skinned...some still made money.

and no matter if a trader is novice or an expert, they will get skinned in such markets if trading as described above.. I believe even your hourly system gave 6-7 consecutive losers in last few days.

Whipsaws are part and parcel of this business, sometimes they will also happen at higher timeframes. The key is sticking to a good system for a longer time.

I appreciate views.

Cheers
SH
 

d_s_ramesh

Well-Known Member
Thank you Tradewithhunter, a stalwarts post in this thread adds more weight. True sir, my system has gone through a long streak of whipsaw trades.

My apologies if I had worded something unusual against real trading sense here in the post that you had quoted. Sticking with the system that is fully tested will for sure reward in a big way in the long run.

I clearly agree with you, that the market work has to be taken in the long term and with dedication.

Thank you once again sir.
 

d_s_ramesh

Well-Known Member
NIFTY goes trending again after holding subdued for close to 3 full sessions. As the price is far away from value & entry here would keep the risk higher, trade long above 5359 on NIFTY future with minimum exposure. Stop loss will be a closing below 5298.
 
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