May 13, 2015

NIFTY Chart analysis

  • Nifty for now is in a range between 7961 and 8355.
  • Last chart shows the Anatomy of a Swing trade. If one had taken a long trade close to 7900 levels his longs are safe for now as the Stop loss is hidden below the strong support zone. But the 200 Point fall will scare away many traders. Now here comes the Main part and Why trading is tough -  If there are not enough shake outs, price may come down further and violate the support zone before going up again. So one has to remain Dynamic and have enough Capital to Re-enter. 
  • If one watches patiently they can see Many shake outs in Intraday charts and they give the best trading opportunities as well.
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6 comments:

  1. RajagopalMay 13, 2015 at 11:45 AM

    San,
    Your language has started resembling Sir's.!!! Very clear and deep.

    ReplyDelete
  2. RajagopalMay 13, 2015 at 11:45 AM

    San,
    Your language has started resembling Sir's.!!! Very clear and deep.

    ReplyDelete
  3. SanMay 13, 2015 at 11:57 AM

    @Raja Sir
    If i remember correctly, i started reading Ilango Sir's posts from 2008 its about 7 years now. So The style may replicate his But the Knowledge of market is only about 5% when compared to Sir's.

    ReplyDelete
  4. RajagopalMay 13, 2015 at 1:57 PM

    Every plant is gold when it comes from a good seed. Keep going San. Proud of you.

    ReplyDelete
  5. UnknownOctober 3, 2015 at 12:52 PM

    great!!!

    ReplyDelete

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