failed BUY in NIFTY but purchased TATAMOTORS NOV 280 PE 1 [email protected] Rs. .....I hope its a liquid stock.....my experience with DR REDDY was bitter.
how good is this buy ?
how good is this buy ?
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Wow, that was a day yesterday!
Finally, the gap got filled. But then a small gap got created between 13th and 16th November (5661 and 5650).
30-min chart has moved below 30, indicating a short term uptrend before continuing the bear trend. So we can target 5661 for the short term before any meaningful downtrend.
But lets look at the other factors below too.
Bearish trend confirmed by 315. However, nifty left 3ema yesterday, which means the price has to touch 3ema within 3 days, 3ema stands at 5656.
In 315, there has been identification of false crossovers, that happens multiple times before actual trend begins. So this could be an instance of one such scenario. Please check for SH's threads (Author-tradewithhunter) where crossovers has been explained in great detail.
The price entered the cloud but managed to close above the cloud. This could be an indication of major resistance being formed by the cloud to nifty price action. If you had noticed yesterday, nifty remained in that range for a very long time. We have to wait and see if the price will close inside the cloud. If yes, then as mentioned in my quote, 5487 is the next target.
Weekly charts still shows downside with tenken at 5576. So even nifty manages to reach 5660 (3ema touch and gap filling), there could be another fall to reach this price. Alternatively, if buying is seen in the markets, tenken can move up to touch the price action (very small margin).
At the moment, a double bottom has formed in daily. It could be a bounce back from here. It is enter long with stop below the cloud (5617) or wait and watch.
All in all, it is a wait and watch, or a risky long till 5660, followed by a risky short till 5576. Conservatively we wait this week out and trade next week! All the best!
Finally, the gap got filled. But then a small gap got created between 13th and 16th November (5661 and 5650).
30-min chart has moved below 30, indicating a short term uptrend before continuing the bear trend. So we can target 5661 for the short term before any meaningful downtrend.
But lets look at the other factors below too.
Bearish trend confirmed by 315. However, nifty left 3ema yesterday, which means the price has to touch 3ema within 3 days, 3ema stands at 5656.
In 315, there has been identification of false crossovers, that happens multiple times before actual trend begins. So this could be an instance of one such scenario. Please check for SH's threads (Author-tradewithhunter) where crossovers has been explained in great detail.
The price entered the cloud but managed to close above the cloud. This could be an indication of major resistance being formed by the cloud to nifty price action. If you had noticed yesterday, nifty remained in that range for a very long time. We have to wait and see if the price will close inside the cloud. If yes, then as mentioned in my quote, 5487 is the next target.
Weekly charts still shows downside with tenken at 5576. So even nifty manages to reach 5660 (3ema touch and gap filling), there could be another fall to reach this price. Alternatively, if buying is seen in the markets, tenken can move up to touch the price action (very small margin).
At the moment, a double bottom has formed in daily. It could be a bounce back from here. It is enter long with stop below the cloud (5617) or wait and watch.
All in all, it is a wait and watch, or a risky long till 5660, followed by a risky short till 5576. Conservatively we wait this week out and trade next week! All the best!
Today is 16th of this month. Normally time decay factors into options trading after 15th.
It is always recommended to trade options in the beginning of the month or if you are sure that the spot price will give 10 to 15 percent within 2 days towards your target.
Compared to DR REDDY, Tata motors is definitely a liquid stock.:thumb:
It is always recommended to trade options in the beginning of the month or if you are sure that the spot price will give 10 to 15 percent within 2 days towards your target.
Compared to DR REDDY, Tata motors is definitely a liquid stock.:thumb:
@ trade4putuval
why dont u start a new thread and do u r ichimoku analysis there.
Start with some introduction about ichimoku first and later u can do u r analysis , so that complete ichimoku illeterates can follow u.
Your analysis here , will is creating confusion and mess here, why do predictions using multiple tools in a the single thread and give different forecasts? it only creates confusion among readers.
why dont u start a new thread and do u r ichimoku analysis there.
Start with some introduction about ichimoku first and later u can do u r analysis , so that complete ichimoku illeterates can follow u.
Your analysis here , will is creating confusion and mess here, why do predictions using multiple tools in a the single thread and give different forecasts? it only creates confusion among readers.
Hi guys.... due to office couldn't make it regular. 2day morning saw this post of trade4putuval and smile :thumb: This exactly wht i thoght and bot 4lots 5800Nov PE at 72 on 7th nov. 2day when my brokr called me after 3PM ,i simply wait for that 5570 level 
I knw nothing about ichimoku but all I knw was if nifty brch 5600, next stop is probably 5400+/-
I knw nothing about ichimoku but all I knw was if nifty brch 5600, next stop is probably 5400+/-
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