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

[trade4putuval]

Sexy ka Thread pe Trad4putuval profit kamaaye jaa rahe haiin

I have entered some other trades, so not putting full focus on RCOM now.
Doing small trades on RCOM depending on margin availability!

 

[trade4putuval]

I have entered some other trades, so not putting full focus on RCOM now.
Doing small trades on RCOM depending on margin availability!

RCOM touched 75K in my profit book this month! Cheers!!
Now need to check if it is a make or a break! Above 117, aim for the stars, 129.
Downside, any target is possible, but I am not sure when to enter. It is wait and watch!!!

 

[SexyTrader]

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.

Well I'm just enjoying the MTM of my Rcom(Fut) shorts Coz I do not see it crossing my shorting price of 116.5/-

And as long as there is no bounce back beyond 116.5/- I am cool :thumb:

 

[trade4putuval]

My views on RCOM in my own thread! Care to read!!!

http://www.traderji.com/futures/67625-diary-315-trader-14.html#post814287a

 

[trade4putuval]

RCOM touched 75K in my profit book this month! Cheers!!
Now need to check if it is a make or a break! Above 117, aim for the stars, 129.
Downside, any target is possible, but I am not sure when to enter. It is wait and watch!!!

RCOM crosses 1 L in my profit book.:thumb:
117 got broken, and a new high made, but rule of the breakout, it must come down to meet 15ema. So from my short position of 118.4 (2 lots), in 10 minutes, it went to 116.5, where I exited.

Now next target is 129. Let's see!

 

[SexyTrader]

Back from a nice extended vacation :thumb: It helps to recharge the brain towards profits!

Today, hope to start trading by buying TataSteel in large quantities

 

[trade4putuval]

I thought that Tata steel looks good in the daily and weekly charts, but then I checked the history and I could find only a vacuum below the current price (No support levels). At that time, I decided to go and see the monthly to see where the price had gone before.

I found the monthly chart as below.

The rectangles shows the support or resistance levels. The current wave broke through the support level of 325. So there should be some level from which it can turn back. If you see a long white candle, it started somewhere near 250. So I guess the price should stop before the open of the white candle and turn around. Let us take this practical figure somewhere near 257 or 259.

This is my view! Can you explain why you have selected Tata steel for going long?

Disclaimer: I could be wrong, because everything depends on the parent, Nifty. If Nifty surprises everybody by going long towards target of 6300, a long white candle could be formed from here too. We need some more indicators to identify the turn around!!!!!

 

[trade4putuval]

RCOM crosses 1 L in my profit book.:thumb:
117 got broken, and a new high made, but rule of the breakout, it must come down to meet 15ema. So from my short position of 118.4 (2 lots), in 10 minutes, it went to 116.5, where I exited.

Now next target is 129. Let's see!

I guess RCOM will turn bearish if price turns towards 105 again!!! Very Risky range for trading. Better to stay in the sidelines!!!!

 

[SexyTrader]

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[sumosanammain]

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I have a screenshot of this post of yours prior to your modification beware
Was in the process of sending it to mods.........