Trading Station

Reliance continued the trend..Once again setup beautifully with good risk reward. Reasons for trade  1 Triangle  formation. 2 higher lows in structure and double bottom. 3. Price Above Vwap,Moving Average. 4 moving average squeeze with trendine. 5 Hammer and rejection from moving average. So,entry 1686,stop loss 1683(below moving average). What happened later?         Exit at 1697,1700 seems to be a resistance. Now risk was 3 and reward 11 , clearly almost 1:4 reward. Good trade.But what happened after this is insane. Let’s see. It went up almost 100 point from our exit.Thats a lot of points. But didn’t trail because market is uncertain,this happens 1 in 100 days and trying to catch this is foolishness.Definately you can trail small quantities. Some tips  1 When you are trailing the moving average is a good stoploss region.(below MA stop can be placed)    2 don’t be greedy and throw the profit away,book what you get & re enter if you feel there is a chance. 3 Trailing till end of t

It’s Foreign investment time in Reliance industries Ltd,investments are coming thick and fast for Jio, Clearly Indicating a Strong foreign interest in 🇮🇳 India. There is news about another investment in Reliance from Middle East. Opening range breakout on these kind of days is going to be really rewarding if played properly. Reasons for trade 1 news about investment and overall market is positive. 2 above vwap and Moving average. 3 break of opening range with a strong bullish candle and hammer. 4 double bottom breakout,flag breakout. 5 above 2 day high. 2 day high at 1635  So we buy around 1636 with stop loss at 1659. For a target at the end of the day. Reliance keep on moving up on trending days with news,so better to trail for good risk reward. So,entry 1636 Exit    1660 Risk reward. = 7: 24 Better than 1:3. Note - only for educational purpose. 

Reasons for shorting . 1 NIFTY showing weakness. 2 below flag 3 below Moving average and vwap. 4 overbought and correction possible once closed below flag with good volume. 5 inside bar breakout. 6 rejection by Vwap and MA. Entry 343.5 Stop loss 345 Target 338 Exit 338.75 Risk Reward =1.5:4.75 Approx=1:3 Note-only for educational purpose.

Hindustan uniliver  Reason for trade  1 Below opening range (orb breakout) 2 below MA ( moving average) showing down trend and strong rejection. 3 lower high formation ( structure). 4 below VWAP. 5 big red candle indicating institutional selling and break of Orb support. Entry 2095  Stop loss 2102 Target 2085 Exit 2083 Risk 7 Reward 12 1:1.71 Reliance  Reason 1  Near to all time 52 week high. 2 Above Vwap,MA . 3 higher high higher low structure. 4 Day high breakout with volume. Entry 1611 Stop loss 1600 Target 1630 Exit 1620 because of inverse hammer formation ( showing weakness). Approx 1:1.

Top gainers and losers Top gainers General insurance co operation of India. Loss Entry 157.3 sl at 0.78% of entry hit. Win Entry at 154.02 target 149.97 Screenshot. Entry 1 reason (just revising) Above median Bollinger and day high.stop fixed at 0.78% of entry. And that was hit. Entry 2 reason  Below median and entry below days low. Exit at candle close of 3:15 pm. Top losers The new Indian assurance company Win Entry 125.6  Exit at  122.14

Top gainers Tata motors Win, Sell 111.9 Exit 111.3 Tata motors DVr Win, Sell 47.12 Exit 46.59 Top losers DIVIS lab Stoploss hit Buy 2450 Stop loss hit at .78% from entry.

top gainers  Godrej property Win, entry at 794 exit at 786.9,stoploss at 0.78% of entry. Bajaj finance  Win, Entry 2357 exit at 2315 stop at 0.78%. Note-Exit take At close of candle at IST 15.15 pm. Top losers Torrent pharma , stop hit,  Entry 2371,stop hit at 0.78%. Airtel , stop loss hit. Entry 562.6,stop at 0.78%. Lupin Stop loss, Just because our stop was not good,otherwise the stock did hit good target. Ipca labs Win, 1521 entry exit 1513. Lesson and knowledge from the day The stoploss need to be readjusted if the opening candle is very large. So double the stop loss with half the quantity.

Reliance and DIVIS labs. DIVIS Lab Planned to exit a 2406,but greed took in and thought of waiting till 2400. Ended up exiting at break even. Lesson-don’t change your plan in the trade. Reliance also had to exit at small profit,due to greed. It went to go below,so was a good exit. But greed should be avoided. This what happened,a good short opportunity was there,didn’t take. it’s was at over bought,market showing weakness (nifty50). Inside bar lower break at pull back just confirmed bearishness. Just scalped 2 points at overbought region.

Top gainers trade which as per our strategy Bajaj finance Closed near buy price small loss.But loss. IndusInd Bank Profit,entry day low. Top losers No trades. No reversal seen from losers they also lost heavily. Now I am thinking of using both stratergies irrespective of gainers or losers. Review  Weekly Losers are losing more heavily.Would have given quality trades. From now on,let’s use the same stratergy in both winners and losers. Stratergy is same,but if the setup comes we will take irrespective of gainers or losers. From our testing it’s clear that losers have good probability to continue falling,Also we are not getting enough trades,so we will do both trend following + reversion.

These are the trades ,self explanatory Hindunilver Before After

Weekly intraday Report, Top gainers traded stocks out of 5 1 Eicher motor stoploss hit. 2 coal India closed at entry price so no profit and loss. Top losers 1 Torrent pharma stop loss hit. 2 Lupin no profit no loss,closed at entry. 3 Dmart entry 2320 exit 2380,60 point gain. 4 indigo stoploss hit.