Exit Longs & Short!!

28 ביולי 2023

🔴RSI(14) after hitting the 80 mark is cooling off. RSI < 60.00
🔴Price & Volume indicate its ready for bearish trend reversal
🔴20000 is a big psychological resistance level. #Short SL =20K
🔴I Shorted with hedge & SL=20K as reversal can be swift also
🔴Expect sideways move for 2-3 expiries or a mild correction
🔴Its always wise to hedge longs or book partial profits here.

28 ביולי 2023

הערה

Standard Disclaimer:

All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don&amp;#39;t consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

🟠🟠🟠 Important Points To Remember: While trading never risk more than 1% capital per trade. While trading FnO always trade using risk defined strategies. NSE derivatives are leveraged 6-8x that means 12-15% move against you can wipe out your whole capital if the risk/money management is not proper. And stocks can easily move 10-12% due to some news. Before entering any trade see if the R:R is favorable or not.

28 ביולי 2023

הערה

If you notice RSI(14) in Half day charts has never gone below 45 since it broke out on 29th March 2023 at 17112. Today if it closes below 45 then a interim top is confirmed at 19991. A dead cat bounce is not ruled out but eventually market will consolidate or give a minor correction. That's my view. And accordingly i have shorted 19000 Nifty DEC23 CE with protection.

8 באוג׳ 2023

הערה

Major supports where I see to do systematic profit booking on shorts and invest in SIP model. Obviously any buy will be depending on the long trigger from my charts not blindly on support.