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

[Rish]

Sexy Thread, Part - 2, climax ?

 

[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!!!!!

Tata steel @ 273. Not very far for 259 to go long!!! :thumb:

 

[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!!!!!

So as expected, price moved towards our entry point of 259. But I guess there is one more upside before reaching our entry point. Let's see!

 

[SexyTrader]

In the coming time, I'm going to buy TataSteel (Equity) in large quantities at 265 for holding long-term...atleast till elections done and book profits when it feels right :thumb:

Also looking to buy Tatapower(Equity) in large quantities when I get it at 70-75.

These two should work well for the long-term horizon for me

 

[new2trade]

How much net profit have you generated till now ? More than 1 Cr ?

I want to have huge profits like you. What segments should I trade in to get profits like you ?

 

[SexyTrader]

How much net profit have you generated till now ? More than 1 Cr ?

I want to have huge profits like you. What segments should I trade in to get profits like you ?

I have consistently doubled my capital every year by doing Futures & Options!

But I would NOT advice someone new to start with Futures & Options.....as it involves a lot of risk !!

 

[SexyTrader]

The monsoons are rocking! :thumb:

Its great to trade while it rains outside Lie down, sit on couch, have coffee...and just watch the "snakes" on the terminal screen.

The most relaxing and profitable work on Earth....trading online

 

[SexyTrader]

Today I felt a good opportunity for INTRADAY trade :thumb:

So I sold 5800 PE June series at 194/- now...looking to profit-book for 10-20 points (or more!) gain

 

[SexyTrader]

today...booked profit in INTRADAY Short-selling 5800 PE at 160/- :thumb:

happy with gain of 34 points in such less time!

 

[SexyTrader]

Now Short-sold INTRADAY 5700 CE Jun series at 15/- now :thumb:

Looking to profit book as many points as I can get today !