Day Trading Stocks & Futures

as a rule of thumb, avoid stocks that are +25% (closing price) from 50 SMA and stocks that are +70% (closing price) from their 200 SMA. these stocks have a high probability of correction/pullback
a recent example of this guideline is DATAPATTERNS. the stock hit its highest closing price on 4-11-22. on that day close was 69.31% from 200SMA. along with price structure, this set the correction in the stock.
 
CCL product: breakout is happening today with UH volume, volume is > last 80 days volume. if it works may give a 20-25% move from CMP
 

Nish

Well-Known Member
N achieved 18600 Plus. Congrats to all BULLs.

Now for my own trading, I always remember that always be modest when compiled some profits and I NEVER forget that Bulls use STAIRS to travel up, but BEARS are always in a hurry and prefer LIFT to ground !

17800 in N is just a figure and just 800 pts down away - is not it !
:)

So I would be FEARful at such a great hights of 18600 plus.

Indices has achieved great , why should MidCaps left behind ?

BIG brother like N and BN - they may be a bit tired !
Should not these Small-Mid brothers perform their own responsibility ?

Above view is only for my own trading, Pl do your OWN STUDY before taking any position! If wrong, pl share your diff view .
N ccp=18630.

put writing at 18000PE thru 18700PE is heavy and un-warranted and feary.
Consensus to go long in N is dangerous for Bullish positions.

25Jan2023 N PEs are Heap-Chip ! And in my watch-list !

Above view is only for my own trading, Pl do your OWN STUDY before taking any position! If wrong, pl share your diff view
 

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