Just a plain reading with S/R lines...
Stocks to Watch :
anil Trivedi
the levels given by you were from Daily/Weekly or Hrly charts?
If they r from Daily ,then u had justified the levels today in Hrly charts.
If they were fro Hr it is in harmony.
Now for positional trade, which TF u select.
In yr order of preference for trading, u had given long term as first preference.
For this ,which TF u c.And what will be yr s/l, whether same TF - correspoding TL, PL, etc.
Current chart pattern - Dly or weekly or Hrly
Spot for entry/exit - same query
And last, for intra, where u will look at for S/R.
Is it visual Price action or some other like Fib,pivot, etc.
You will consider Pivot or Not for trend & s/l decision
And in post 2094, what was the message u wanted to convey to a trader who wants to follow the post.
ie if one wanted to Long, what one should had done or for mirror. for sell
with that post as guideline, how one should have acted in those shares?
the levels given by you were from Daily/Weekly or Hrly charts?
- They are from daily chart readings
Now for positional trade, which TF u select.
- All my trades are positional, as my 95% of trades are in cash market. The short term readings i post on my thread are for short term to intraday traders.
I analyse weekly, then daily for any cash position initiation. If at all i have good sense of chart reading, i initiate on hourly just to get into that very moment, stock trying to move into desired direction.
In yr order of preference for trading, u had given long term as first preference.
For this ,which TF u c.And what will be yr s/l, whether same TF - correspoding TL, PL, etc.
Long term - Weekly, Daily
I dont initiate 100% position at one stroke. I entered almost 40-50% on my first tranche. Rest on second confirmation, if daily closing going into strong.
Stoploss are mostly a parameter of recent volatility. But i limit well my stoploss at max within 10%. In 2015, all my stock trades in cash have avg stoploss position of 7.85%.
I trail, 50% of my quantity on daily charts, and rest i give some flexibility, to track it on weekly basis. IF stock is weak, then it will hit my all levels in a week. This implies stock lacking big buying.
And last, for intra, where u will look at for S/R.
Is it visual Price action or some other like Fib,pivot, etc.
You will consider Pivot or Not for trend & s/l decision
If i am trading intraday charts, mostly in Nifty F&O, then i look at daily/hourly/5min settings. Position initiation always closer to daily S/R levels. I rarely look into candlestick/bar formation in 5min. Since position initiation is based on S/R levels, i stick to it. But i need volume coming in, after i get in. Else something wrong i commit. Either i get in early or just trying to trade range bound market. Generally, i get into trade, in first 5-10 minutes i get sense, whether it is lacking buying/selling into it.
And in post 2094, what was the message u wanted to convey to a trader who wants to follow the post.
ie if one wanted to Long, what one should had done or for mirror. for sell
with that post as guideline, how one should have acted in those shares?
In post 2094. All my analysis is on daily charts based S/R levels. Combined it with volume stock attracting. If i specified, strong only above xxxx, it means stock right now is getting weak, and will be strong only above xxxx.
IF i specified, stock has support at xx levels, then it means one can go long near to xx considering your own due analysis.
With recent SEBI actions, it is not in forum rules to specify buy/sell levels. All i can do is have Demand/supply levels with strong above / weak below type of analysis.
