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Trading with Simple Charts by Sonshu |
sonshu101
White Belt
Joined: 24 Nov 2011
Posts: 79
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Post: #1  Posted: Wed Jan 08, 2014 10:17 pm Post subject: Trading with Simple Charts by Sonshu |
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Hi All,
I will present few trading opportunities on the basis of few simple patterns. The trades will be less and will be presented whenever any good importunity comes.
Thanks,
Sonshu
| Description: |
| Nifty If not able to cross 6225 zone this week, we will soon witness it near 5950-6000 zone which wil be good buying area |
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10.31 KB |
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2033 Time(s) |
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| Description: |
| Bank Nifty Forming wedge. A good buy near 10700 levels with 10650-600 as stoploss |
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10.56 KB |
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2033 Time(s) |
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sonshu101
White Belt
Joined: 24 Nov 2011
Posts: 79
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| Post: #2 Posted: Fri Jan 10, 2014 11:15 am Post subject: |
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Short Nifty in range 6245-6255 SL above 6270
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13.17 KB |
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442 Time(s) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #3 Posted: Fri Jan 10, 2014 11:50 am Post subject: |
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| just a point...shorts should never be attempted on first reversal day....it will give change tomorrow as well [if bearish] if that level reaches today
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sonshu101
White Belt
Joined: 24 Nov 2011
Posts: 79
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| Post: #4 Posted: Fri Jan 10, 2014 1:00 pm Post subject: |
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| amitagg wrote: | | just a point...shorts should never be attempted on first reversal day....it will give change tomorrow as well [if bearish] if that level reaches today |
Sure amitt, surely agree to your point. This happens in case of false breakouts and in that case reversals are quite fast. But in this case as the reversal was not fast enough so more chances of re-test and gone. Anyways we will have stoploss to tackle other way. Let's see
Appreciate your comment and I am still a learner 
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #5 Posted: Fri Jan 10, 2014 1:31 pm Post subject: |
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| hi....i spoke only as a trader...i bought nf 6228 level and not exited at 6240 level...there can be an up spark of 20 points more today...i would still not sell today even now
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #6 Posted: Fri Jan 10, 2014 2:10 pm Post subject: |
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we both were right as per our own method 
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sonshu101
White Belt
Joined: 24 Nov 2011
Posts: 79
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| Post: #7 Posted: Fri Jan 10, 2014 11:12 pm Post subject: |
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| Yes Amit. But my short not triggered as missed short by mere 5 more points. Anyways more opportunities will come. My Idea is very simple trade less but trade quality trades using same method
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sonshu101
White Belt
Joined: 24 Nov 2011
Posts: 79
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| Post: #8 Posted: Mon Jan 13, 2014 8:55 am Post subject: |
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SBI near Bottom of channel
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| Filesize: |
13.54 KB |
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411 Time(s) |
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sonshu101
White Belt
Joined: 24 Nov 2011
Posts: 79
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| Post: #9 Posted: Mon Jan 13, 2014 10:48 am Post subject: |
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| OI addition in 6200 PE is suggesting Nifty will break 6260. Ppl added short can move SL at cost
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sonshu101
White Belt
Joined: 24 Nov 2011
Posts: 79
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| Post: #10 Posted: Tue Jan 14, 2014 10:22 am Post subject: |
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Nifty SL gone. Now Nifty is buy with SL below 6255.
For SBI Trial SL to 1620
Happy Trading
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