How to invest 40 lakhs in equity, FnO, commodities etc. Part 2

[trade4putuval]

Small input from me too.:thumb:

Check the market correction strategy post for RCOM.
http://www.traderji.com/technical-a...ection-prediction-strategy-75.html#post809575

Let's see!

 

[Sultaan]

hopefully yours is a paper trade, but if not here's some insight for you, in case you are stuck...

weekly chart... possibly sustain below 109 can help its correction... the more it sustains above 109 (weekly basis) more chance of hitting the orange line (131)

all the best.. maybe fresh eyes may help... also note volumes are all time high... in favor of bulls

PS: I usually dont post here but i feel bad if someone maybe hurting...

 

[trade4putuval]

Small input from me too.:thumb:

Check the market correction strategy post for RCOM.
http://www.traderji.com/technical-a...ection-prediction-strategy-75.html#post809575

Let's see!

My profit so far, 30k+ realized:lol:. I have one more short.

The market correction strategy has been a success for most of the trades so far. So next week, we should see touch of 15ema. But unfortunately the 15ema has come to the price, instead of the price going to the 15ema.:annoyed:

So, we need to check for other indicators if 85-91 target is to be believed. At the moment, we see only one direction once 15ema is touched - UP.

Whenever stock makes a breakout with a very big candle, it continues its trend till it reaches the next peak in the past. For rcom, the breakout happened with taking out of 113.7. Now the next peak stands at 149. But that is a very long tgt. So we now focus on ichimoku and I can see a big step at 130.1. So 130 is now strong resistance.

Let's see!:thumb:

 

[EagleOne]

The journey from 116.5/- to 85/- is going to be enjoyable :thumb: for my Rcom(Fut). Let it happen fast in these remaining sessions...fast fast

Amen. Enjoyably amen, no less.

 

[SexyTrader]

The markets may cross 6300 or stay within 6000-6100 in the expiry week is what it looks like.

But Rcom(Fut) would not cross 130 is what I feel. I shorted it at 116.50/- quite some time back.... coz I expect Rcom(Fut) to go down minimum 20-25 points(or more!) before this expiry.

Lets see what happens. :thumb:

 

[trade4putuval]

My profit so far, 30k+ realized:lol:. I have one more short.

The market correction strategy has been a success for most of the trades so far. So next week, we should see touch of 15ema. But unfortunately the 15ema has come to the price, instead of the price going to the 15ema.:annoyed:

So, we need to check for other indicators if 85-91 target is to be believed. At the moment, we see only one direction once 15ema is touched - UP.

Whenever stock makes a breakout with a very big candle, it continues its trend till it reaches the next peak in the past. For rcom, the breakout happened with taking out of 113.7. Now the next peak stands at 149. But that is a very long tgt. So we now focus on ichimoku and I can see a big step at 130.1. So 130 is now strong resistance.

Let's see!:thumb:

Wow! It is another 5K in my bag when RCOM crossed 117 yesterday.

I had placed intraday short at 116.85 which got hit. I squared off the order at 115.5 due to trend uncertainity, but no regrets, still holding the 1 lot short for target of 15ema touch (108).

After that, I bid adieu to RCOM shorts till I get a next reliable indicator for trading RCOM.

Technically, most of the past candles looks like hanging man pattern, which indicates price rejection at higher levels. Anyways, SMC* rules RCOM at the moment.

* http://www.traderji.com/technical-a...orrection-prediction-strategy.html#post398778

 

[trade4putuval]

Wow! It is another 5K in my bag when RCOM crossed 117 yesterday.

I had placed intraday short at 116.85 which got hit. I squared off the order at 115.5 due to trend uncertainity, but no regrets, still holding the 1 lot short for target of 15ema touch (108).

After that, I bid adieu to RCOM shorts till I get a next reliable indicator for trading RCOM.

Technically, most of the past candles looks like hanging man pattern, which indicates price rejection at higher levels. Anyways, SMC* rules RCOM at the moment.

* http://www.traderji.com/technical-a...orrection-prediction-strategy.html#post398778

Out of all rcom positions today - total profit, 60K.:thumb:
Will check technicals and plan trade tomorrow till 15ema touch,now 108.30.

 

[EagleOne]

The markets may cross 6300 or stay within 6000-6100 in the expiry week is what it looks like.

But Rcom(Fut) would not cross 130 is what I feel. I shorted it at 116.50/- quite some time back.... coz I expect Rcom(Fut) to go down minimum 20-25 points(or more!) before this expiry.

Lets see what happens. :thumb:

Wow, man. You must be flush with cash just to see what happens.

Wish I could afford such adventure. On second thoughts, nah... Been there, done that. Saala profit probabilty se. 24 hours deemag kharab certainty se.

 

[trade4putuval]

Wow! It is another 5K in my bag when RCOM crossed 117 yesterday.

I had placed intraday short at 116.85 which got hit. I squared off the order at 115.5 due to trend uncertainity, but no regrets, still holding the 1 lot short for target of 15ema touch (108).

After that, I bid adieu to RCOM shorts till I get a next reliable indicator for trading RCOM.

Technically, most of the past candles looks like hanging man pattern, which indicates price rejection at higher levels. Anyways, SMC* rules RCOM at the moment.

* http://www.traderji.com/technical-a...orrection-prediction-strategy.html#post398778

Finally SMC won! 15ema touched today. Made a small profit today taking the total profit to 65k.

Now what! Fibonacci levels at 103 or return back to 129. If 105 sustains, we got a double bottom, which could take price to (117-105=12 + 117=129).

Let's see!

 

[timepass]

Hello Sexy, are you trailing your SL for your RCOM shorts @116.5 ?? With only 4 days to expiry, it may not reach your target of 85-90 and may even bounceback.