General Trading Chat

[pareshR]

Is BNF moving towards BRN
Here will it do a 'jhatka' or do a 'halal'

disclaimer: I am not a non vegetarian, I am a pure vegetarian

non vegetarian or pure vegetarian , you follow any religion, Market does not discriminate. It does not intentionally harm any one individual. The market is always right, You must learn to respect the market.

 

[TradeJoker]

Now you are beginning to sound like a TV analyst

5 reasons why the Indian stock market rose on Monday - IIFL
www.indiainfoline.com › news-top-story

5 Reasons Why The Indian Stock Market Rose On Monday - news ...
localnews.rediff.com › location

 

[wisp]

Re: Trading for a Living : Is it Possible

The blue band is 15 AMA. If the price is above this band, then we are in buy mode.The saffron band is 6 AMA...

In a buy mode I will look to buy in correction.

ST

Da, are these purely band trades, or do you use them to filter out some VP trades? What is 6AMA used for ?

 

[wisp]

non vegetarian or pure vegetarian , you follow any religion, Market does not discriminate. It does not intentionally harm any one individual. The market is always right, You must learn to respect the market.

Everything is non-veg ...I hear that even icecream has some Beaver extract, all flavours are chemicals, sugar, maida have bleach or sometimes bonechar, air is polluted, so on and so forth...anyway..back to trading or soH

 

[timepass]

Sudden big upmove in BankIndia. Any news ?

 

[timepass]

bhaaago... bear aaya ......

 

[praveen taneja]

bhaaago... bear aaya ......

7600 de de baba
PS I am on 7500 puts JUne Jai Ram JI KI

 

[pareshR]

bhaaago... bear aaya ......

preserve your profit (honey) :rofl: :rofl: :rofl:

 

[timepass]

BNF hasn't broken its open=low. Maybe it will break its HOD and jump over 16000..

 

[vagar11]

what it means? how do u interpret in price action?

These bullish engulfing and piercing patterns are very common price action patterns. Many people know about it. What I was trying to show the similarity between these patterns.

Interpretation of Hammer
1. If many short sellers(look for volume) are captured at this point then there will be a rise in the stock.
2. The prior trend should be downward. The tail of the hammer should not lie between the last 14 bars (i.e. actually a good downtrend).
3. If this is formed at support , more reliability.

Buy with a SL at the low of the hammer and target = boughtprice(high of the hammer)+2*(high-low).
To achive the RR ratio of 2.