Trade Harmonic Patterns:ICICI,BHEL and Ranbaxy

ICICI Bank 3 Drive pattern completed in ICICI which is bearish in nature, Bear will attack stocks once it closes below 1364 for target of 1300, Holding 1364 stock can head towards 1400 and 1453. Buy above 1391 Tgt 1402,1410 and 1424 SL 1384 Sell below 1376 Tgt 1370,1364 and 1356 SL 1384   Ranbaxy … Read more Trade Harmonic Patterns:ICICI,BHEL and Ranbaxy

Nifty Weekly Analysis as per Elliot wave and Gann

Last Week we gave Chopad level of 7506, Nifty did 1 target on upside and 1 target on downside in a highly volatile week. Worries of deficient rainfall, Iraq war and its effect on Brent Crude has kept markets on edge. .Lets analyze how to trade Nifty in expiry week.  Nifty Hourly Chart Hourly charts … Read more Nifty Weekly Analysis as per Elliot wave and Gann

Why Human Nature Works Against You as a Trader

In this article, we attempt to look at the psychological elements of trade, risk, and money management as presented in the  Successful Traders research series. The goal of trading is to make money by forecasting future price movements.This is inherently difficult because, as human beings, we cannot tell the future. Surely many new traders analyze … Read more Why Human Nature Works Against You as a Trader

Nifty FII Data Analysis for June Expiry

FII’s bought 4530 contract of Index Future worth 177 cores, 17.3 K Long contract were added and 12.8 K short contracts were added by FII’s. Nifty is up 5% for June expiry major part of gains came in start of series, From 6 June close of 7583 and today close of 7569 nifty has just moved 14 points in … Read more Nifty FII Data Analysis for June Expiry

Lupin,Federal Bank and Heromoto trading calls

Lupin Closing above 1010 stock is heading towards 1021,1042 and 1076. Buy above 1010 Tgt 1015,1021 and 1027 SL 1004 Sell below 1003 Tgt 998,992 and 980 SL 1008   Federal Bank Buy above 133 Tgt 134.3,136.5 and 139 SL 132 Sell below 130 Tgt 128.6,127.2 and 125 SL 131   Hero Motocop Close above … Read more Lupin,Federal Bank and Heromoto trading calls