Trading Station

30 May 2020 Weekly intraday strategy is our new strategy.It is a test strategy,it is not meant to be traded. The aim is to built a strategy from an assumption by trial and error method, learning and tweaking as we proceed.The aim to reach a super strategy at the end.This employs a live back testing. RECAP The strategy is based on the fact that top weekly gainers and losers have a good chance for reversal from overbought regions.This can give opportunity. We use Bollinger bands to find the top zones along with RSI,Stochastic indicator for confirmation.We enter when days low is breached which is another confirmation. The strategy seems to have enough edge going forward,now,our aim is to further tweak it after live performances.We may end up with a completely different strategy after sometimes, that is good as long as it can make money. Last week lessons Stop loss initially was planned at 0.60% from entry.Now,it’s tweaked to 0.72%( initially planned 78 ,but chan

Top gainers weekly Top losers Nifty 100 Now top gainers  1 Eicher  no trade 2 IndusInd no trade 3. LT    No trade 4. Axis No trade  5 icici bank no trade 6. HDFC bank no trade Nifty 100 Now top losers 1 Airtel no trade 2 avenue no trade 3adani trans no trade. 4Ashokley ,stop loss hit. 5Lupin stop loss hit.( Lupin just 2 point away from target reversed and hit stoploss). 6 Tcs Stop loss hit. Lessons to consider for improvement.Book profit before target like .2 % before target. We will review it all and correct our mistake.We will upgrade from the mistakes,we will refine this to  in coming days.chill!!!. Note- only for educational purpose.

These are the top weekly losers, These are top weekly gainers, Now, 1).   avenue mart didn’t generate a trade as per our startergy. 2).   Bajaj finserv no trade as per startergy. 3).   Torrent pharma no trade as per startergy. 4).   Bharti Airtel stop loss gone .entry 566.9,stop at 562.4 5)pfc No trade as per startergy 6)Bajaj finance no trade. Now gainers 1 Bayer crops.  No trade 2 mothersumi no trade. 3 Balakrishna ind,  stop loss hit  Entry 1079 stoploss at 1088 Note - had we adjusted our not tightly,we would have avoided the trade. We will take note of this trade and see it in weekend,we can keep a .2% entry from high or low.We will see similar trades and come to a good number.We will keep on learning points from this startergy. 4) Eicher motors- no trade. 5)hindalco no trade 6) jubilant food no trade. The Day saw 2 trades and both going wrong,trading is not about winning it’s loosing as well. There is no holy grail in trading,If

Day 2 of startergy. Top losers Top gainers Bandhan bank Entry 205,sl 203.8 target 211. No trade in Hindzinc,please check chart,it doesn’t come in terms of our algorithm. Oracle finance no trade ,it moved wild,but it hit target as per startergy. Bajaj finserv. No bollinger touch but perfect setup.hammer + day high. Very close to bollinger as well. But this hit our stop and reversed just 5 points afterwords. 4132entry Sl at 4107 Reversed at 4000, Lesson- check for nearby whole number resistances and move stoploss below that. Target was 4253 and it got hit. IndusInd bank Target hit,above median,above day high,hammer. Entry at 352 Sl at 349.7 Target  360 PFC  no trade Colgate  No trade. Now bearish reversal trades 1 Bayer crop no trade, as it was bullish. 2. Mother sumi  stoploss hit. Entry 84.18 Sl 83.68 1:1 target would have hit No trade on Eicher,jsw,Titan and j

3 trades,1 flag breakout trade and next above day high and last overbought zone reversal. See charts. Only for educational purpose.

Top gainers  1        ITC.                         13%.  2.       Cipla.                      12% 3.       M&M.                     11.8% 4       auropharma.             9.12% 5       united spirits             8.95% 6.       PEL.                         7.3% 7.       Airtel                        7% 8        IRCTC                      7% Top losers 1.        IndusInd bank.            -19.1 2.        Bandhan bank.            -16.7 3.        Hindustan zinc.            -14.2 4.        Axis bank.                    -13 5.         PFC.                             -11 6.         ICICI pru.                     -11 7.         ICICI bank.                  -10 8.         Bajfinance                   -9.1 These are the stock which we discussed. Now,the rules to trade, We are using bollinger bands for the trades with candlestick pattern (hourly chart).   Algorithm . select weekly gainers and weekly losers. Wait for hourly ca

In this staratergy,weekly gainers and losers are selected and traded. Now let’s select the winners of previous week. Top gainers  1        ITC.                         13%.  2.       Cipla.                      12% 3.       M&M.                     11.8% 4       auropharma.             9.12% 5       united spirits             8.95% 6.       PEL.                         7.3% 7.       Airtel                        7% 8        IRCTC                      7% Top losers 1.        IndusInd bank.            -19.1 2.        Bandhan bank.            -16.7 3.        Hindustan zinc.            -14.2 4.        Axis bank.                    -13 5.         PFC.                             -11 6.         ICICI pru.                     -11 7.         ICICI bank.                  -10 8.         Bajfinance                   -9.1 These are the stock to trade reversal tomorrow.Stratergy will be demonstrated. Algorithm Go to NSE website or other s

                 Nestle India     24 May 2020 Introduction Nestlé.SA is a Swiss multinational food and beverage conglomerate. It is the largest food company in the world . ranked 64  on Forbes in 2017. Nestlé  relationship with India started in 1912  importing and sellling finished products. After Indian Independence,the economic policy of India demanded local production and Nestle responded with their first factory in India in 1961. CEO of Nestle India  Suresh Narayanan from 2015 to present. He joined the company in 1999.He has worked with Hindustan Unilver and Colgate before joining Nestle.He has over 30 years experience in FMCG. Nestle India products Nestle India manufactures products under brand names, such as Nescafe, Maggi, Milkybar, Milo, Kit Kat, Bar-One, Milkmaid and Nestea. The company has also introduced products of daily consumption and use, such as Nestle Milk, Nestle Slim Milk, Nestle Fresh n Natural Dahi and Nestl

ICICI BANK gave a scalp. I choose to scalp,a safe scalp.We cannot time a reversal so trailing can be risky.The stock did broke below 290.A high quantity safe scalp is better on free falling markets or a low quantity wide stop  Loss trailing trades. Bajaj finance If you haven’t read my Bajaj finance article please read ,I have mentioned the strategy and analysis. The stock did move down and tried scalping a few points,the major resistance of 1915 was broken and entry was difficult as stock was free falling.Caught 10 points in the trade. Trade details Notice- only for educational purpose.

ICICI bank   Breakout trade. Double top formation and quality breakout.stop loss 1 point ie 310 and target 306. Squared at 306.5 due to slippage. 1:2.5 . Hindustan Unilver Breakout. Self explanatory setup,same like before. But this stock went another 20 points down. Notice-only for education purpose.

PVR had a good  2 hours of bulllish rally.Up over 3% from previous close. Now consolidation in triangle flag. Let’s see the chart. Technical pattern -A bullish flag,triangle breakout, bullish engulfing Above moving average. 5-6 points scalp.Traded and exited in profit. Target hit,Risk reward 1:2. Note- only for educational purpose.

Two stocks in the watchlist RIL and ICICI. There is a news associated with Reliance(Right issue is open today,the stock gained 2% in the morning trade) Now the stock consolidated in a triangle fashion giving us an opportunity. The price was below 25 MA and trend line indicating weakness, a good scalping opportunity was seen till vwap.Since there is news associated with the stock it’s better to scalp with what you get rather than trailing and hoping to catch a big trend. Entry at 1432 stop loss at 1435 And target at vwap,1426 Target done 6 points with 3 point risk. R:R 1:2. Since,the stock is in news it’s safe to trade with tight stop and target,the stock might break to the upside!. ICICI bank trade Perfect setup,too good to fail setup.There is a head and shoulder ,there is a double top,all averages are down,lower high and trend line break.       Entry at 300,stop loss at 301 for 297.25 target( day low). This is what happened,my stop loss was hit.

Reliance industries intraday analysis may 19 2020. This is the intraday analysis of Reliance industries. This is the hourly chart to give picture of what happened through the last 2 days. The stock opened in the same range as the previous close.The range breakout failed and the stock stayed in the same range. The 13:15 hourly candle gave the breakout and the stock closed the session near the lows. A pretty rewarding session in the higher time frame!. Now,let’s look at the entry exit region in smaller time frames,15 and 5 minutes. 15 minutes The stock broke the trend line(White colour) and gave a pullback,after consolidation for 15 min,prices again tested the lows and that was the entry with a stop of 1445( above the consolidation candle high). So entry at 1437.5.  15 points profit but there was more for risky players as the stock closed at 1409. So 15 point target at 7.5 risk. Risk reward -1:2. Note- this article is for educational purpose

17 May 2020 Hindustan Unilver limited medium term and long term analysis. About Hindustan unilever is an fmcg company in India.It is the Indian subsidiary of Unilver PLC.Headquartered in Mumbai.Established in 1933 by the Lever brothers. CEO of HUL Sanjeev Mehta, Mehta became the CEO and MD of Hindustan Unilever in October 2013, and in June 2018 was appointed as the chairman and MD.HUL stocks even touched a return of  300% under his leadership(2014-present) ( 600 per share to 2600+ at peek).He also heads Unilever's business in South Asia, as cluster president encompassing businesses in Pakistan, Bangladesh, Sri Lanka and Nepal. FMCG  Products by HUL         foods Bru Annapurna salt and atta. Brooke Bond (3 Roses, Taj Mahal, Taaza, Red Label) tea Kissan squashes, ketchups, juices and jams Lipton ice tea Knorr soups & meal makers and soupy noodles Kwality Wall's frozen dessert Modern Bread, Magnum (ice cream) Homecare bran