CESC M&M Finance VEDL Price Time Analysis

CESC Positional Traders can use the below mentioned levels Close below 1051 Target 1021/1000   Intraday Traders can use the below mentioned levels Buy above 1060 Tgt 1066,1072 and 1080 SL 1055 Sell below 1051 Tgt 1043,1032 and 1021 SL 1058   VEDL Positional Traders can use the below mentioned levels Close above 296 Target … Read more CESC M&M Finance VEDL Price Time Analysis

Nifty Weekly Forecast for 30 April-04 May

Last Week we gave Chopad level of 10600 Nifty gave multiple long /short entry and gave 1 Target on downside and 2 on upside before hitting 2 time stoploss so an average week for chopad followers. Lets see how we trade nifty in coming week,as we Monthly close and also trading holiday on 01 May … Read more Nifty Weekly Forecast for 30 April-04 May

Bank Nifty rallies 400 points above 25050,EOD Analysis

As Discussed in Last Analysis  As seen below we are stuck in the range and bulls need a close above 25050 for a move towards the higher end of range ie. 25250/25400/25555. Bearish below 24920 for a move back towards 24768/24500/24220. Low made was 25050 so as soon as 25050 was broken bank nifty rallied and … Read more Bank Nifty rallies 400 points above 25050,EOD Analysis

Importance of Trading psychology in trading

Trading psychology contributes about 60% to success and position sizing contributes another 30%. Furthermore, most traders ignore the first two areas and don’t really have a trading system. That’s why 90% of them fail. First, I would argue that trading psychology accounts for 100% of success. Why? This conclusion is based on two findings. First, … Read more Importance of Trading psychology in trading

Understanding Reversal Candlestick Patterns

 Lets discuss 2 Candlestick Pattern Engulfing and Kicker which will help you in understanding the reversal pattern. Bearish engulfing pattern: The bearish engulfing pattern consists of two candlesticks: the first is white and the second black. The size of the white candlestick is not that important, but should not be a doji, which would be relatively … Read more Understanding Reversal Candlestick Patterns