Trading Strategies Using Technical Analysis

[SwingKing]

Thanks Raunak Bhai

It cleared the confusion; coz I have entered long in Castrol India and BGR, and after reading ur message, I was scared to have entered the wrong stock.

Now, I will take extra care of the trades.

Thanks again

Crown,

What I have explained is not holy grail. Let market show you what is right and what is wrong. Don't assume just because you learnt something new.

Be patient.

Tc

 

[crown]

Raunak bhai

The current Put Call Open Interest and the movement of Nifty is indicating to me that there has been some short building occurred in the Nifty during the past couple of days.

As per my little understanding, Nifty may face troubles in maintaining the 6000 levels and even 5900 levels are not secured. While 5800 levels are having very good support, which will keep the current uptrend active. Nifty may face strong resistance at upper levels ie. 6100 during intraday session.

This interpretation of mine holds good only for tomorrow session; thereafter further movement can only be decided on the basis of tomorrow's data. Overall, I am expecting a highly volatile session tomorrow.

Todays Put Call Open Interest AND the today's movement in Nifty is indicating a slight weakness. The uptrend is still intact. Chances are there that Nifty may breach 5900 levels during intraday. Going long between 5800-5900 on Nifty, with stoploss of 5800 will be a good option.

 

[crown]

Crown,

What I have explained is not holy grail. Let market show you what is right and what is wrong. Don't assume just because you learnt something new.

Be patient.

Tc

Thanks Raunak Bhai
:clap:

 

[saivenkat]

Crown,

What I have explained is not holy grail. Let market show you what is right and what is wrong. Don't assume just because you learnt something new.

Be patient.

Tc

Raunak bro

 

[articicecat]

I don't trade yet but have been reading this thread to understand. Thank you so much Raunak Ji for explaining all the questions asked. I am sure people will take extra care to address your name properly.

 

[SwingKing]

Entire month of October is going to witness some volatility and choppiness. However, there are no visible signs of correction as of now. Be selective in stocks and don't worry too much about booking profits early.

Tc

 

[Apurv7164]

Good Morning! Raunakji,

How does coromandel look with the SL of 590 or so?

Bests,
Apurv

 

[SwingKing]

Good Morning! Raunakji,

How does coromandel look with the SL of 590 or so?

Bests,
Apurv

Morning Apurv.

Keep a SL of 580-584.

Be long.

Tc

 

[Apurv7164]

@Raunakbhai / Apurv and others .. yr views pls ?

And thanks to D S Ramesh for pointing out the scrip

Surely a good buy from my method however, I will wait lil more before taking entry. Recent upswing had failed which is making me concerned so will wait lil more before entering into it....

Bests,
Apurv

 

[Apurv7164]

Thanks Raunakji for coromandel... One more query....
Do you advise shuffling at this level from below mentioned stocks?

Omaxe
Dhampur Sugar
Renuka Sugar
Oudh Sugar
KPIT

and buying
Bajaj Auto
Coromandel
BASF
IFCI
Eicher Mot

Bests,
Apurv