Univesh - Trading thoughts!

Dear Fellow Traders,

This is my first thread on this forum and through this thread I wish to share my trading thoughts with you. These ideas are based on my technical analysis. Feel free to advise or comment on any of these ideas.

Disclaimer: I strongly recommend all my fellow traders NOT to follow any tips/trades blindly. Even if they are mine! Remember - if you loose your hard earned money - nobody is going to pay it back to you!

Safe Trading
Univesh Bhai!

Hello univesh.Have u been able to time the market consistent?Looking forward to any new ideas from u.

prate40,

I do not have any experience with commodities and have no intentions of trying it out either. Like you, I too have lost in my early trading days and have tried all the different styles, different approaches to trading. However, after all that I have been through - all I can suggest to you is to keep your mind stress free, sit down and relax. I'll share my thoughts and "rules" that I have developed for myself - perhaps you can benefit from them as well.

Keep following and trade safe!

Dear cooltrader66, in my experience it is not always necessary to time the market perfectly. I have lost, but then I have tried to learn my mistakes. Now, after having learnt from my mistakes I have started making the right trades more often than not.

Once again, I am not here to tell everybody that I have developed some kind of foolproof method that can give 20-30% returns a month consistently. I am just here to share my knowledge and my thoughts which I feel other traders can benefit from and hopefully they won't make the same mistakes that I have made.

Trade Safe - Univesh!

Sell HDFC !

With positive cues coming up from global markets, tomorrow the markets are going to open gap up. This up move may help the STOCH indicator to calm down a little and can be used to sell the stock at higher prices. As per the daily charts, the stock is week below the Pivot @ 623. One can sell the stock with SL of 628.5 for targets of 617/611/606.

The above trade is based on the daily charts which show that SAR, MACD and ADX have signalled a SELL on the stock while Stoch - due to its oversold condition - may attempt a pull back. This can be used to further SELL the stock.

Trade Safe - Univesh!

As expected, the market has opened gap up and HDFC is also trading >1% up from its previous close. First resistance for the stock is @ 634 and then @ 638.

I am selling the stock closer to 634 with SL 638.5.