Nifty Weekly technical Analysis for Week Starting 12 September

Nifty Futures Hourly Chart

Successful  traders only control three things all the time: Initial Risk, Exits, and EMOTIONS…  Nifty Hourly Nifty Hourly chart has shown a Rising wedge formation. The Pattern is active and shown its effect in Friday’s correction The rising wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher … Read more Nifty Weekly technical Analysis for Week Starting 12 September

Technical Charts:Bank Nifty,BHEL and DLF

“Everyone makes an ego mistake once in a while, but only a foolish player does it often. Unsuccessful traders are always having  self-delusion and wishful thinking.  He can’t accept his own incompetence, so he attempts a recovery shot that’s usually beyond his reach.” Bank Nifty Bank Nifty has rallied almost 10% in past 7 trading … Read more Technical Charts:Bank Nifty,BHEL and DLF

Technicals Levels to trade:Reliance,Tata Coffee

It is emotion that creates movement in the market. Of course, few people really want to admit that most of their decisions are emotionally based and emotionally driven rather than rationally based and rationally driven. TATA Coffee TATA Coffee was trading in the range of 688-765 ,today it showed a breakout with volume. Stock got … Read more Technicals Levels to trade:Reliance,Tata Coffee

Nifty Technical View for Week Starting 05 September

Global Economy has got some more shocks to live with in the coming week Issue1: U.S. Authorities SUES 17 BIG BANKS for $196Billions OVER MORTGAGES during SUB-Prime Crises Issue2:“GREECE” IS BACK as Germany and other Creditors not satisfied with Austerity measure and next round of bailout in on HOLD Nifty Hourly Nifty Hourly Chart has … Read more Nifty Technical View for Week Starting 05 September

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

Technicals:RIL,TCS and BHEL

Confidence can be an important psychological tool for the trader – important enough to make the difference between a winning trade and a losing trade. When you develop your trading plan, it is obviously important that you have confidence in its accuracy and usefulness and in your belief that you can follow your plan closely … Read more Technicals:RIL,TCS and BHEL

Are Bulls Back on D-Street?

 Stopping out of losing positions is the only sure way to maintain survival in difficult conflicts and to achieve the complete victory that is your aim. To learn how to live to fight another day is the best advice that all traders can be given. Nifty Hourly Nifty Hourly resisted at Hourly Resistance of 4931 … Read more Are Bulls Back on D-Street?