Rocket Stocks for Swing and Positional

[sanju005ind]

Let me explain the enhanced methodology for the setup to increase the probability of the success of the trade.
Whenever the 200 EMA break happens the secondary confirmation is made from the RSI.
I have divided the zones in the RSI to positive territory (RSI 50 and above) and negative territory( RSI 50 and below) RSI 50 line is kind of support and resistance. When EMA 200 breaks and the RSI after spending sometime in Negative territory also breaks into the positive territory and takes support of RSI 50 and stays in there then probability of good trade is more.Look at the Axis bank example with markings.

 

[sekhar916]

TCS at 2166....

 

[sanju005ind]

TCS at 2166....

I have taken it in the morning.

 

[sekhar916]

I have taken it in the morning.

sir whats your buy price. I am just looking at the charts as I don't have capital to trade

 

[sanju005ind]

sir whats your buy price. I am just looking at the charts as I don't have capital to trade

I picked it at 2140. I could not take axis bank. due to capital.

 

[sekhar916]

I picked it at 2140. I could not take axis bank. due to capital.

I expected your buy price will be around 2141....bingooooo

 

[raju.vzm]

I have taken it in the morning.

U bought it with the help of same method? If possible could you share your chart

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[raju.vzm]

U bought it with the help of same method? If possible could you share your chart

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Got it in your earlier posts but you said you will wait for a pull back in tcs. May i know the reason for entering at that particular price point

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[sanju005ind]

U bought it with the help of same method? If possible could you share your chart

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Got it in your earlier posts but you said you will wait for a pull back in tcs. May i know the reason for entering at that particular price point

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Since I was an intraday trader earlier I noticed the way it opened in the morning that there will not be any pullback towards the 200 EMA now.So the decision was taken. Now I went to the lower timeFrame and waited for the first pullback and it was spending good amount of 20 minutes there.So hat taken it at 2140.

 

[sekhar916]

Since I was an intraday trader earlier I noticed the way it opened in the morning that there will not be any pullback towards the 200 EMA now.So the decision was taken. Now I went to the lower timeFrame and waited for the first pullback and it was spending good amount of 20 minutes there.So hat taken it at 2140.

View attachment 38324

can you please update your first ;ost with your chartink links....or can you point me to the ;ost number where you have given chartink links