• Multiple Tops on lower degree have halted stock close in 2750-2777 zone • Push Above 2780 – can take stock to new highs 2850/2950 • Careful at the Tops later as current geocosmic signs at the moment may trick you. Always be cautious & false breakouts & breakdowns are common phenomenon in this period • Risk Management is most important so traders should know first how to use stops before even they start trading & use trailing method to protect your profits
--------------------------------- • Trading Strategy --------------------------------- Plan A – Buy Above 2780 for 2850 & 2950
Plan B – Crosses above 2780 & fails to reach the targets as mentioned in Plan A or only partial target is done at 2850 & drops back below 2780 – Become cautious on long or buy positions-That is also a plan
Plan C- Sell below 2600 for Target – 2365 & Below 2365 to 2200 which will be 200 DEMA support
評論
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Careful in Nifty at 15200
評論
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15:48 Hrs / 9th Feb2021
Last @ 2747
Crossed above 2777 but failed to reach 2850 as well - is this warning sign & false breakout as suggested in the main update above
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20:35 Hrs / 10th Feb2021
Assuming HDFC moves above 2777 - Just take care that it touches 2850 as failing to do so & falling below 2775/2777 is the 1st warning sign & if breaks below 2600 then fall can be deep to 2365 / 2200 as suggested over the Plan- C
So, please read those plans carefully & trade accordingly.
Thanks
評論
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11:49 Hrs / 12th Feb2021
Last @ 2800
Above 2775 - You need to trail above 2775 & avoid buying if falls below 2775 -have suggested
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12:08 Hrs / 15th Feb2021
Last @ 2838
2850 -Target Done. Day High @ 2855
Next Buying only if sustains above 2850 / 2855 else we avoid buying. Thanks
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10:14 Hrs / 16th Feb2021
Last @ 2875
Almost both targets done close to 2900 ----------Day High @ 2896
Kash YE Top ho hi jaye,, Ye wali feeling atti hai in many new traders, BUT a mature trader will take trade putting aside these feeling, Lets see what market has to offer us in the February month, Thanks Sir,,
Wow, 2850 achieved!! Waiting for the next target. Fingers crossed. Thank you sir, wonderful chart reading.
Shivam93
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NO stop, HDFC is booming as per your view, Thank sir Coming out from triangle
praveen38
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very good trading plan
Shivam93
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Sir, You once suggested Market is waiting for HDFC to finish its last leg upside, How you saw all these and do updates & your own trading. RSI in HDFC 4hr chart & daily is -ve divergene & a crutial double top point. Am i correct in my observation
WaveTalks
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@Shivam93, Shivam, it is all experience which helps. Likely Indicators like RSI / MACD -I watch them once in a blue moon because what I do is completely based on price moves.
Shivam93
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@AbhishekHSinghCMT, yes these thing Like PRICE is the ulitmate GOD u told us earlier also, Thanks sir