General Trading Chat

[Smart_trade]

Does UNITECH, JPASSOCIATE look like having bottomed out. If so what upside one can expect if one buys ?

I dont track these counters.But I am not too sure if these are long term investment stocks..for trading one can trade based on the charts.

ST

 

[Vipul_84]

Smart Trade Sir, I am also curious to know what is your win % and RR ratio in intraday trading? How many trades you take in a month and how much % of capital you risk per trade?

In Shubadeep sir's thread you had mentioned that your method is very close to his method. So method, we are clear. Just needed to know other details.

I take a trade at open when the set up is in place and the market did not act yesterday but it is acting as per the setup today. As the set up is already in place, it has a good success rate.

You can take a trade on first consolidation and the breakout from that. But sometimes the first breakout will come at higher prices.

If the set up is not in place, I wont buy the first bar as it is risky and the market may sell off on gap up opening.

Smart_trade

 

[vikas2131]

Seems like...it is stuck at the same resistance where it was getting stuck for a month...

 

[niftygupshup]

Seems like...it is stuck at the same resistance where it was getting stuck for a month...

IMO, 8300 coming

 

[vikas2131]

IMO, 8300 coming

strong resistance there twice stopped there already...dekhte ha kya hota ha

 

[niftygupshup]

strong resistance there twice stopped there already...dekhte ha kya hota ha

a strong resistance does not mean always a resistance. we have seen many resistances turning into supports. isnt it.

 

[aaru]

Seems like...it is stuck at the same resistance where it was getting stuck for a month...

http://imgur.com/rNMjgzG


Weekly major resistance.. it will take a lot to cross 8300 ., maybe a gap up.. even chinkou span facing stiff resistance

 

[vikas2131]

a strong resistance does not mean always a resistance. we have seen many resistances turning into supports. isnt it.

ara bhai bol to raha hu... dekhta ha kya hota ha... Market is all about probabilities not certainties...

 

[niftygupshup]

http://imgur.com/rNMjgzG


Weekly major resistance.. it will take a lot to cross 8300 ., maybe a gap up.. even chinkou span facing stiff resistance

kumo top in weekly is at around 8350 and not at 8300. moreover in hourly, daily and monthly charts price is free above kumo and even chikou span is free.

 

[aaru]

kumo top in weekly is at around 8350 and not at 8300. moreover in hourly, daily and monthly charts price is free above kumo and even chikou span is free.

yea correct.. as TF parameter increases the resistance point becomes resistance areas.., it doesnt go thru exact point and reverse.. thats what ive seen.. and plus chinkou at weekly which is more powerful (thn lower TFs) is exactly at the resistance point.. still stand corrected