Suppose you have to trade on these levels :-
<<<215.10>>><<<232.65>>><<<266.10>>><<<283.10>>><<<299.55>>><<<316.75>>><<<334.00.>>><<<367.60>>>>
Please remember that all lower levels are support levels and all upper levels are resistance levels.
Suppose if current market price is 270.00 for any Scrip, then 266.10 will be support and 283.10 will be resistance for it. But if its price moves to 290.00 then 283.10 will be support for the price and it will be very difficult for bears to break the support at 283.10. So now you have seen how 283.10 level has changed its role.
Now I am going to deliver you a new trading technique, where you will be able to end up your session with nice gains .
Scenario 1
You have to watch the stock price move just for 15 minutes with the help of 14 min MA. If you find that stock opened at 325.00 went up to 340 .00 and currently trading at 337.00 then go long for a target of 367.60 and place your sl just below to 334.00 say at 332.80 .
Scenario 2
If you are seeing that stock made a high of 320.00 and now trading at 312.00 then short it for a target of 299.55 and place a stop loss order at just above 316.75 say at 318.55 .
Never place your exit limit order because you don’t know what the dhanvarsha is going to deliver you.
If you are feeling that stock is having heavy support at 299.55 level you can easily exit at 299 .
More over if you include moving average cross over, macd and RSI wid candle sticks in your charting tools then no one is going to beat u .
If price easily penetrate the support and start trading below 299.55 for more than 15 minutes then shift your stop loss to a little above of 299.55 level.
By doing this you are playing safe and will remain in the trade till the end of trading session and will not trade for your broker too.
Remember please do not trade for so many stocks at a time .always trade in only one scrip with full confidence and full power .
If feeling still uneasy ...
please send add request to kailash123p@yahoo.co.in or call at +919451659275.
If you are interested in learning or want to avail our advisory services ...Please visit http://dhanvarshagrp.blogspot.com/2010/02/dhanvarsha-ta-classes.html
for getting email support please sign up at: http://in.groups.yahoo.com/group/dhanvarsha/
Back link
<<<215.10>>><<<232.65>>><<<266.10>>><<<283.10>>><<<299.55>>><<<316.75>>><<<334.00.>>><<<367.60>>>>
Please remember that all lower levels are support levels and all upper levels are resistance levels.
Suppose if current market price is 270.00 for any Scrip, then 266.10 will be support and 283.10 will be resistance for it. But if its price moves to 290.00 then 283.10 will be support for the price and it will be very difficult for bears to break the support at 283.10. So now you have seen how 283.10 level has changed its role.
Now I am going to deliver you a new trading technique, where you will be able to end up your session with nice gains .
Scenario 1
You have to watch the stock price move just for 15 minutes with the help of 14 min MA. If you find that stock opened at 325.00 went up to 340 .00 and currently trading at 337.00 then go long for a target of 367.60 and place your sl just below to 334.00 say at 332.80 .
Scenario 2
If you are seeing that stock made a high of 320.00 and now trading at 312.00 then short it for a target of 299.55 and place a stop loss order at just above 316.75 say at 318.55 .
Never place your exit limit order because you don’t know what the dhanvarsha is going to deliver you.
If you are feeling that stock is having heavy support at 299.55 level you can easily exit at 299 .
More over if you include moving average cross over, macd and RSI wid candle sticks in your charting tools then no one is going to beat u .
If price easily penetrate the support and start trading below 299.55 for more than 15 minutes then shift your stop loss to a little above of 299.55 level.
By doing this you are playing safe and will remain in the trade till the end of trading session and will not trade for your broker too.
Remember please do not trade for so many stocks at a time .always trade in only one scrip with full confidence and full power .
If feeling still uneasy ...
please send add request to kailash123p@yahoo.co.in or call at +919451659275.
If you are interested in learning or want to avail our advisory services ...Please visit http://dhanvarshagrp.blogspot.com/2010/02/dhanvarsha-ta-classes.html
for getting email support please sign up at: http://in.groups.yahoo.com/group/dhanvarsha/
Back link
It is a well executed post. I like the diagram most. It is a helpful informative post. Thanks for sharing this great information. commodity trail
ReplyDelete