iCharts Discussions

[chiragbvyas]

good morning,

search the companies whose prices are around 50 day sma.
then track them according to 55 sma and trade as per our set up.

[Rahulsharmaat]

One is hero honda Future-- 55 sms low is 1715-- today made 1717-- i went long-- with same Sl-- lets see

[Rahulsharmaat]

Patel is also long --SL is 153.5-- Closing-- today went to 141-- lets see-- will long if close above 153.5-- else short

[Rahulsharmaat]

As indicated Hero honda future cross almost day high

Excellent SL was 1715-- 55 SMA low

[chiragbvyas]

congratulations sharma ji
keep it up. pls remember my one request don't trade without stop loss.

[Rahulsharmaat]

Chirag Boss--thanks

I booked near day high 1741-- n re enter now at 1731-- now SL 1715-- even hits-- not much pain--else will hold it

all thanks to uuuuuuuuuuuuuu

[chiragbvyas]

dont thankful to me, just use the set up and make profits consistently that's what i mean by using this set up.

[chiragbvyas]

sharma ji your stoploss is not taken hope u r taking long position overnight. maintain the stoploss, rest leave it to markets. trade is safe.

[Rahulsharmaat]

yes chirag bhai

[rakeshliving]

Thanks to all..... to all great people..... to all kings of NIFTY....
................
................................

A to B and specially "V"......
experiencing to see hw market can give chances of Profit(s) and Loss........
yes i perfectly learned the no 5555............

Thanks...!!!

[chiragbvyas]

sharma ji , i like those people most who believe in " let the profit run". very few people carry the profitable trade overnight.

[Rahulsharmaat]

Chirag Bhai -- some more help---

I have HDFC Bank Future-- 55 sma low is 2301-- it went to 2276-- n close above this-- so i am holding-- Now i want to ask you that in a day like today when its all most crash-- should we wait for cloing or square off as n when 2301 intraday breaks--

2nd } I am tracking few more scripts closely--

LT 55 Sma low 1625 --so its long
Hero Honda As i said 55 SMA low 1718 now-- so its long
Abb if dosent go above 55 SMA close tom which is 840.30-- then can short

and BPCL above 633- can show a Buy

can u please help

[chiragbvyas]

sharma ji,

whatever your holding is , everything is bound by only and only STOP LOSS,
whenever, however whatever the reason stop loss taken means taken first of all you have to square up that position. i have mentioned many times that STOP LOSS IS OUR GOD after taking valid and successful entry.

let the stop loss taken out. wait for the opposite trade if possible and can get valid entry. rest all the matters, leave it to market you just remember your STOP LOSS and nothing else.

today if you did not square up your hero honda trade and maintained only stop loss, then there was no need to re-enter again in it. the first trade was o k coz you got the valid and successful entry in the trade. that's o k you got second chance and re-enter again but think if you did not got the chance to enter and honda could run away more 50 rupees up side then what to do? this is most important. trade less but when u r in a trade where u have got valid entry just get as much as profits you can.

[Rahulsharmaat]

Chirag Bhai thanks--

Stop losses are Intraday-- or Closing Basic--- as in HDFC it was 2301-- it went to 2276-- n closed above 2301-- that i want to know

[vkmkc]