Option trading strategies that i hope will work.

[detrich]

Currently thewhole market is in trading mode on long term basis. Currently in SBI on intermediate basis there is an ascending triangle formation formed(spotted) with top at 2500. This triangles are by rule a good sign but with current scenario I am not so thrilled about it. Have to wait currently I have a view that if 2000 levels is not broken then it would be a good idea to accumulate this stock with a target to 3200. Pray 2000 stands good luck people

 

[detrich]

Finally I have found stocks that i witnessing a bearish trend and the name of the stock is Aban cmp452 target348 stoploss 493.

 

[detrich]

Looks like tata motors is witnessing profit booking and budget jitters tommorow I will see to average my trade of 284 stoploss of 260

 

[detrich]

Currently I have hit a roadblock on 2 of the stocks which I have been following Tata Motors and Aban Offshore have not been my best calls given that it is a trading phase market I have refrained from making any derivative trade. But still........................... I have to say I need to do better hence onwards I am going to go back to basics choose stocks on first phasewise, indicator- wise and then apply elliot wave I think my problem is I have trying to forecast rather than analyze the pattern. I need to have better plan.

 

[detrich]

Aban:- long term bearish intermediate bullish current bearish. Pattern descening triangle rectangle sep onwards need more data ema bearish both 5 day and 10 day sar bearish

 

[detrich]

Still a trading market not much to speak about will have to wait for the expiry

 

[detrich]

Itc buy target 235 if the market is +ve if market is -ve short bhel below 250

 

[detrich]

Currently based on intraday charts 5260 is the price to watch on bottom and 5300 @ top. Let's see which holds true and fast

 

[detrich]

For Reliance Inds 727 is crucial after that a target of 700

 

[detrich]

When I am looking at Nifty charts I feel there is a negative bias. This means Nifty is finding resistance @ 5400.