Technical Charts Daily
Monday, October 4, 2021
1st Oct 2021
1st Oct 2021
Took a short through 17600 PE when the hourly range BO didnt sustain. Booked in 3 parts as shown.
Monday, September 27, 2021
Monday, May 17, 2021
Saturday, May 15, 2021
Sunday, April 18, 2021
Thoughts on the current market
My thoughts on the current market scenario!
The markets are going to be very uncertain and it is prudent not to take unnecessary trades trying to catch the bottom. The economic recovery seen last quarter is suspect to continue looking at the Covid scenario. There are news of lockdowns and measures to contain the pandemic. In these times, it is wise to protect capital so that we survive to trade when markets return to normal.
Incase one does want to take trades, the best way would be to be very rigid as to risk management and probably try to scale down position size so that one can keep a wider SL. The markets are extremely volatile and looks set to continue the volatile streak.
My reading is that the markets will make a significant bottom before we can see an upward rally. It is my own personal point of view and not a trade idea!
Stay Safe and stay healthy!
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Good morning! Yesterday we had a great run in Reliance and this was accompanied by a surge in volumes. However, there are news pending on th...
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Here are the results of the list for 24th. It was a good day after 2 days of no trades. Captured good moves in Titan and Ultracemco. ICICI B...
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None of the trades got triggered from the list. Attempted one trade in IndusInd Bank as per reversal trade but didnt move as expected.