Diary of a 315 Trader

trade4putuval

Well-Known Member
Looks like Bull SAR may get hit today. So price will not stop at pivot. Instead it can go till S1, 10834, which is 1 Rs less than the Bull SAR.
SST:
If yesterday's high (10922) is taken out today, then yesterday's low becomes Bull SAR (10835). If not, then 10716.

Ichimoku:
Cloud top is 10930. This could act as a resistance, or break open trend for a long term bullish move.
Alternatively, if this position holds up, nifty will see 10400-10500 in the December series.

Pivots:
10878 is Pivot.
10921 is R1, this coincides with ichimoku cloud top and SST high break.
 

PUCHU_2500

Well-Known Member
Looks like Bull SAR may get hit today. So price will not stop at pivot. Instead it can go till S1, 10834, which is 1 Rs less than the Bull SAR.
:brb::wideyed::woot::writing::happy:
 

trade4putuval

Well-Known Member
SST:
Yesterday's high (10922) is taken out, Bull SAR is now 10835.

Ichimoku:
Cloud top is 10930. This could act as a resistance, or break open trend for a long term bullish move.
Alternatively, if this position holds up, nifty will see 10400-10500 in the December series. I am keeping a view open that nifty will try to move out of the cloud. In other words, if yesterday's high 10941 is taken out, there is no stopping nifty.

Ichimoku 30 mins SST Hybrid:
But Tenken inside the cloud is contradicting this statement since 30 mins SST SAR is not broken ever since Tenken has entered the cloud. But if 10835 is taken out, nifty can again claim to get out of the ichimoku cloud. Anyways, 10950 is SL for shorters.

HHHL:
Nifty is maintaining the Higher high higher low in daily chart.

Pivots:
10890 is Pivot.
10935 is R1, this coincides with ichimoku cloud top.
 

trade4putuval

Well-Known Member
Ichimoku 30 mins SST Hybrid:
SST Ichimoku Hybrid worked. Tenken inside cloud resulted in break of Bull SAR.

315 SST:
Bear SAR is 10882


Ichimoku:
1 hour cloud bottom is 10707. %k and RSI is in lower range in 1 hour. Can expect a bounce in intraday.
30 mins 15ema is 10808 and ichimoku cloud bottom is 10826. So price can recover to touch 10808 and start falling, if the trend is bearish. SL is 10882 as mentioned above. So one can go short above 10815.

Weekly chart shows Kijun touched this week. Does this mean Kijun offered resistance to upside in nifty!!! Weekly cloud top is 10596. Will nifty rest at 10600 and make a small bounce back wave? This can be seen next week only.

Fibo:
Fibo in weekly is 10699. Fibo in daily is 10686.

Summary:
10707 is cloud bottom in 1 hour, 10699 is Fibo in weekly. Maybe today is a gap down and a white candle.
 

trade4putuval

Well-Known Member
A hard truth that hit me on my face like a powerful punch landed from 4000 years ago!



This truth was explained 4000 years ago (Bhagvad Gita, Chapter 18). Where did we go wrong? Our english education??? If we had this education in our college life, will we face the situation that we are facing today! Think, rationalize and act before it is too late!

It is time for you guys to impart this knowledge to our next generation, if you do not want them to follow the same path we took.

Note: This is for people who entered the stock market as a means to earn fast money, in other words, gambling. But yes, it is an eye opener for serious traders too, advising them not to take this job lightly, to stick to discipline and be steadfast in your trading job.
 

trade4putuval

Well-Known Member


Cloud thickness is a measure of resistance to price entry into the cloud. 450 points thickness of the cloud is a very tall call.



Nifty is gone. Close above the red line is important for upside.
 

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