General Trading Chat

[euclid]

Infosys Ltd. ADR down....(-4.45%)...

 

[Smart_trade]

ST sir,

when trading breakouts in long side, where should SL be preferably kept.. Waiting for the close of candle above ceiling makes price move further away. even in 1 min TF pivots are seen only withing the range. If we wait for a pivot to be formed after breakout, by the time the trending stops and goes into range.

Thanks

Try keeping it at low of breakout bar or the low of one bar before the breakout.The idea is if the low of the breakout bar gets cracked,then the breakout has failed so we quit the long position taken on breakout.

Smart_trade

 

[Smart_trade]

HCL technologies buyback offer
https://www.wbca.st/F0hqyQw
Is this opportunity similar to what we had in TCS?

Vivek

No,it is not as juicy as TCS offer.

ST

 

[vivektrader]

Sir, so better to stay away?

HCL technologies buyback offer
https://www.wbca.st/F0hqyQw
Is this opportunity similar to what we had in TCS?

Vivek

No,it is not as juicy as TCS offer.

ST

Vivek

 

[Smart_trade]

Sir, so better to stay away?

Vivek

Yes,there are many better opportunities in the market...so I am giving it a pass....

ST

 

[vivektrader]

Sir, so better to stay away?

Vivek

Yes,there are many better opportunities in the market...so I am giving it a pass....

ST

Sir, regarding sequential stoploss hits and reversing view and position, recently there were many trades, which went back after hitting stoploss on closing basis.
That is trend_completed sequential_failed reversal_hitting stoploss_then reversing.
Such scenarios robbed me of ideas...

Vivek

 

[Smart_trade]

Sir, regarding sequential stoploss hits and reversing view and position, recently there were many trades, which went back after hitting stoploss on closing basis.
That is trend_completed sequential_failed reversal_hitting stoploss_then reversing.
Such scenarios robbed me of ideas...

Vivek

These are “occupational hazards” of sequential followers like us who try to catch the top and bottom of any move.We have to be nimble footed to get out fast if it is not working.We have to pay more attention to what the market is saying .

Just to give you where to search trading ideas , some inputs :

Many will find it difficult to buy/ add when the market is hitting a 52 weeks high but that is the best place to buy.Also when nifty did not break its all time high,few stocks were making their all time high and these are the outperforming stocks which will go through the roof when the next upmove in index starts.Today nifty has closed below its open but Bajaj Finance has closed at the top and at a new all time high...this is very bullish and calls for buying the stock today .

Smart_trade

 

[sanju005ind]

These are “occupational hazards” of sequential followers like us who try to catch the top and bottom of any move.We have to be nimble footed to get out fast if it is not working.We have to pay more attention to what the market is saying .

Just to give you where to search trading ideas , some inputs :

Many will find it difficult to buy/ add when the market is hitting a 52 weeks high but that is the best place to buy.Also when nifty did not break its all time high,few stocks were making their all time high and these are the outperforming stocks which will go through the roof when the next upmove in index starts.Today nifty has closed below its open but Bajaj Finance has closed at the top and at a new all time high...this is very bullish and calls for buying the stock today .

Smart_trade

To Add my two cents to it a Reversal trader will get many hits(Sl).But will be the early entrant into a trend.whereas a trend follower will get only once the trend it established.Hence for a reversal trader needs to take this into account and be mentally prepared.

 

[Dr. Jan Itor]

Bajaj Finance is closing at all time high......that is very strong.

Smart_trade

Is it closer to your target ST sir? What did you think the target till year end (Dec)?

 

[Smart_trade]

Is it closer to your target ST sir? What did you think the target till year end (Dec)?

The stock is one of the best we have in NSE. No target as it has huge upside still left.....it can go to Rs 3000 by Dec and it will continue to grow for next 3-4 years .It is hazardous to put any target on such a stock.We can expect few successive bonuses in this stock.

Smart_trade