Rule Book - Tweezer Top

1) Two candle reversal pattern 2) Appears in Uptrend  3) Two or more adjacent candles of opposite colour 4) Same high point forming the area of resistance being formed. Psychology: 1) Though the bulls are trying to push the price higher, but are unwilling to buy above the high point.  2) Bears action is visible, they take charge at high point and force the price down  The Tweezer Top can be extremely helpful to traders,...

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Tata Steel: How our traders are analyzing Chart and OI Data

[1:25 PM, 11/25/2018] Balasubramanian: As I see the chart max it will touch 550 spot in this series, so any strike beyond 540 will be worthless. 530PE has more OI. So minimum is placed at 530 [1:26 PM, 11/25/2018] Balasubramanian: Trend line support looks to be around this. But metal stocks based on yesterday's China Market fall are due for still more fall. Till expiry fresh longs can be avoided. [3:27 PM, 11/25/2018] Amit Nale: 550 560CE...

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Must Read

Trading Terminology It is common to trade on tips. It is common to make and lose money randomly. It is common to dream to become quick rich from stock market. It is common to make in ten and go broke in one. It's common to trade emotionally.  Let's do something unique. Let's face the reality. Without learning, no one has made big in this stock market.  Hence, we strongly believe in learning the basics. According to us, earning from stock market is simple and easy for a man who has learned the basics thoroughly. There is no...

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Strategy - EMA & Supertrend

My dear friends, on the occasion of Diwali, I wish everyone a very happy and prosperous time. I hope the forthcoming year brings the tremendous happiness and incredible profits for everyone. On this happy occasion, I would like to share my tried and tested strategy which might give you good profits. You must have observed many times, most of the stock goes in the consolidation mode and post that give a break out or break down with good strength.   This...

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Four Types of Gaps

Gap occurs because of three reasons: marketwide events (political event, terrorism attacks, commodity price shocks), sector specific event (interest rate / currency change impact) and company related event (change in management / acquisition / approval of product). Four Types of Gaps Higher volatility in stocks bring more gaps in price action.  Study - location, size and volumes of the gap to capture the profitable trading...

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My Trades - November 2018

[11/6, 7:02 AM]: *Nifty* - *Outlook* - Range Bound *Strategy* - Buy Supports &  Sell Resistance 🔵 10460 🔵 10428 🔴 10497 🔴 10549 🔴 10655 🔴 10669 🔴 10700 🔮Nifty - Consolidation period - Should attempt trading correlations stocks - Option writing strategy should work well. ____________________________ *Stocks* *Exide Industries* - 🔵Buy - 245/247 🔴Stoploss - 239( CL) 🎯Tgt - 254, 259, 264 ___________________________ *IGL* STRONG...

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