Charts for the Day

[vivektrader]

Greenply industries stocks breached trendline support also below 200 SMA...weakness creeping in...

Sir, but these short trades are out of question, as we are not trading futures, they must be exit signals if one was holding positional longs.

Vivek

 

[anil_s_trivedi]

Sir, but these short trades are out of question, as we are not trading futures, they must be exit signals if one was holding positional longs.

Vivek

vivekji,

yes these reading are only for cash markets...no futures...i never recommended shorting in stocks futures...These are cautioning to investors holding for short & intermediate timeframes...when structure gets weakening is it wise to step aside and watch the drama as it unfolds...

 

[Sunnyraj]

Anilji, while keeping stop loss as per ATR, most traders use 2ATR. Even in your previous posts you have written that you also use 2 ATR for initial SL.

So what is the significance of using it, why not use 3/4 ATR or any other number ?

 

[anil_s_trivedi]

Anilji, while keeping stop loss as per ATR, most traders use 2ATR. Even in your previous posts you have written that you also use 2 ATR for initial SL.

So what is the significance of using it, why not use 3/4 ATR or any other number ?

ATR is best for me to gauge volatility...2 ATR works best for me..i initially used 1.5 to...its just giving little space to trade to nurture...

Also initial SL of 2ATR gives a stop readings, and helps if AT doubles then our risk also doubles. as its 2 ATR stoploss...so ATR expansion prompts us to cut position...as now risk is getting doubled...so it helps in that way too...

 

[anil_s_trivedi]

Very nice setup being forming in Infy, bulls trying to shape up the move now...all eyes on holding 940-950 zone...

Bulls are doing their work here...how much can they succeed...lets see more strength above 990-1000 levels...

 

[lemondew]

Anil,

Tamo chart

 

[anil_s_trivedi]

Bliss GVS uptrending stock was trading safely above 50 & 200 SMA, breached 50 SMA...was in circuit now...

 

[anil_s_trivedi]

Anil,

Tamo chart

Doubt that big sell bar will stop at the marked red line...think it will drop till 425-430 atleast...

 

[vivektrader]

Doubt that big sell bar will stop at the marked red line...think it will drop till 425-430 atleast...

Sir, isn't it a breakout failure, should go to other side of range (as you said).

Vivek

 

[lemondew]

Marked red line is current market price comes by default .

Doubt that big sell bar will stop at the marked red line...think it will drop till 425-430 atleast...