Charts for the Day

[anil_s_trivedi]

In beginning there is no base,but from last six month with help of ur thread n amit bhai thread i really learn alot..thanx...
But still can't find proper step up..
If possible can u please share ur trading set up with diagram..its helps me lot..
Normally i trade with broker tip or sometimes from tv..
Last trade was on LT @1180 sold in profit @1240 with ur guidance in thread

Dear Raviji,

It hurts when retail investors dont use the simple and basic things available for us...

Simply using some moving average we can make a rule to trade only when conditions satisfied...and its a thousand times better than buy-hold which retail investors doing...

Thanks...now on you are making efforts to form a trading strategy...

For one of simple setup, as i always say is trading higher timeframe divergence on lower timeframes...Like if we have weekly oversold with +ve div in it, then go on daily and identify the consolidation mark trendline resistance support and resistance, wither go on breakout or go on closer to support with small SL...Similarly swing investors can also go for weekly oversold(here dont wait for +ve div) then it should have +ve div on daily, then go for trade...this is also good setup...

It can be taken on any timeframe...if one is short term trader, go for daily +ve divergence and then entry on hourly charts...or hourly +Ve div and entry on 5/15 mins...

This setup will save you a lot...also stoploss is mandatory...dont trade without knowing risk involved...And before taking any trade, always assume its gonna hit your stoploss, better be prepared for it...so that it slowly inculcates in our nature that stoploss are necessary to avoid big capital erosion...

Amit's thread is good one...i too follow it...

 

[amitrandive]

Dear Raviji,

It hurts when retail investors dont use the simple and basic things available for us...

Simply using some moving average we can make a rule to trade only when conditions satisfied...and its a thousand times better than buy-hold which retail investors doing...

Thanks...now on you are making efforts to form a trading strategy...

For one of simple setup, as i always say is trading higher timeframe divergence on lower timeframes...Like if we have weekly oversold with +ve div in it, then go on daily and identify the consolidation mark trendline resistance support and resistance, wither go on breakout or go on closer to support with small SL...Similarly swing investors can also go for weekly oversold(here dont wait for +ve div) then it should have +ve div on daily, then go for trade...this is also good setup...

It can be taken on any timeframe...if one is short term trader, go for daily +ve divergence and then entry on hourly charts...or hourly +Ve div and entry on 5/15 mins...

This setup will save you a lot...also stoploss is mandatory...dont trade without knowing risk involved...And before taking any trade, always assume its gonna hit your stoploss, better be prepared for it...so that it slowly inculcates in our nature that stoploss are necessary to avoid big capital erosion...

Amit's thread is good one...i too follow it...

Anil Sir

Can you please post a few examples with charts for elaborating this ?

 

[anil_s_trivedi]

Anil Sir

Can you please post a few examples with charts for elaborating this ?

Dear Amit,

The same L&T chart...for investors this timeframe is good...There are setups and there are failures...its how ones ability to minimize risk on failures, generates profit...if one is adamant and looking for 100% success setups then market is not for them...this people just go on testing 'n' number of systems and setups hovering here and there...

 

[amitrandive]

Dear Amit,

The same L&T chart...for investors this timeframe is good...There are setups and there are failures...its how ones ability to minimize risk on failures, generates profit...if one is adamant and looking for 100% success setups then market is not for them...this people just go on testing 'n' number of systems and setups hovering here and there...

Thanks Anil Sir

Learning from you everyday !!!:clapping::clapping::clapping:

If possible can you please share few more examples ?

 

[amitrandive]

Anil Sir

Just ran a scan using some not all of your said criteria and shortlisted the following stocks,

Can you please advise on the same,whether the selected stocks fit the criteria ?

 

[anil_s_trivedi]

Anil Sir

Just ran a scan using some not all of your said criteria and shortlisted the following stocks,

Can you please advise on the same,whether the selected stocks fit the criteria ?

Dear Amit,

Many of scrips are not oversold on weekly...when i say oversold, it means below RSI-30 zone...

And those who tested rsi-30 on weekly, are already have run up on upside...

 

[anil_s_trivedi]

Thanks Anil Sir

Learning from you everyday !!!:clapping::clapping::clapping:

If possible can you please share few more examples ?

Here another chart, here higher timeframe is daily...and trading timeframe is hourly...

Again there are failure setups too...will post if get time...

 

[anil_s_trivedi]

This is failure trade...from both...setups...my favourite Breakout-Retest method and also from Weekly +ve divergence too failed big time...

So take everything with pinch of salt...it all depends on how you manage risk involved...getting out at chart weakness...breaking trendline...making lower lows...just wind up your trade..dont carry ego...market dont have anything against you...

 

[ravi2126]

Anil Sir

Just ran a scan using some not all of your said criteria and shortlisted the following stocks,

Can you please advise on the same,whether the selected stocks fit the criteria ?

Amit'ji any reason for selecting particular stocks?

 

[anil_s_trivedi]

Bata Raising stoploss to 560...

Bata stoploss Raised to 565...

S/R level on intermediate charts coming in at 620-625...