Trading Strategies Using Technical Analysis

[rsingh2005]

Rajesh,

One of the best resources ever on Trading psychology is "Trading in the Zone" by Mark Douglas. Just get hold of this book and read it. Author makes you practice some mind oriented activity and once you do that successfully, you will be a different trader altogether. Any insight which I give will be a reflection of what is written in this book. Hence, its better if you read this original masterpiece for further improvements.

Tc

I will try to get hold of this book . Hopefully should get in Mumbai.
Rgds

 

[rrmhatre72]

Outstanding post Raunak. Visited TJ after long time and saw this great post from you.
Hope people are benefiting from it.

Happy Trading.

Hi AW,

Where have you vanished?

Good to see your post after long time....

Hope you will continue posting now on......

 

[rrmhatre72]

Hi Raunak,

Are DLF & TISCO in Buy zone now?

 

[SwingKing]

DLF is a strict no no as of now. Too much volatility.

Tata steel is not yet in a buy zone. Above 626-627 it will be attractive.

I am having positions in Hindalco though.

Tc

 

[rsingh2005]

DLF is a strict no no as of now. Too much volatility.

Tata steel is not yet in a buy zone. Above 626-627 it will be attractive.

I am having positions in Hindalco though.

Tc

Can we enter Hindalco, as present level.

 

[SwingKing]

Can we enter Hindalco, as present level.

I hope you know how much money you can lose Rajesh.

Lot size of Hindalco is 2000.

CMP is 218.8

SL is 211

If trade goes bad, loss could be 14,000.

Trade is totally in favor though. Its a trending trade. Not a swing trade.

Tc

 

[Prashant Patel]

I hope you know how much money you can lose Rajesh.

Lot size of Hindalco is 2000.

CMP is 218.8

SL is 211

If trade goes bad, loss could be 14,000.

Trade is totally in favor though. Its a trending trade. Not a swing trade.

Tc

What about DABUR?

 

[SwingKing]

What about DABUR?

I'll stay away from it.

Hardly moves. One day it moves and rest of the days it just nibbles up or down.

Tc

 

[rsingh2005]

I hope you know how much money you can lose Rajesh.

Lot size of Hindalco is 2000.

CMP is 218.8

SL is 211

If trade goes bad, loss could be 14,000.

Trade is totally in favor though. Its a trending trade. Not a swing trade.

Tc

Taken trade @218.75, what sort of target you are expecting.....

 

[SwingKing]

Taken trade @218.75, what sort of target you are expecting.....

The more it stays above the zone I have mentioned, the more likely it is to head towards 230-240 levels. This is not a swing trade, hence time is on our side. Stops are currently pegged at 211-212 band.

So lets hope it works well. If markets stabilize further and markets move ahead, then this sector will definitely do well.

Tc