Trading Station

Missed the first trade at 346 (day low,opening range).(please refer previous posts) Then  caught the pullback, reason for trade. 1 downtrend in stock,index- NIFTY. 2 Good volume &inverse hammer (pullback) 3 Rejection by moving average and below VWAP. Entry 348 Stop 350 Target 342 Exit 341.8 Risk reward 1:3.  Note- this is only meant for educational purpose.

Time frame 15 min. Reason for trade. 1 trend line break. 2 rejection from upper trendline and inverse hammer. 3 below vwap and MA. 4 50% fibonacci reversals at 3000. Trade (sell) Entry 2994 Stop 3009 Target 3060 Exit  2972. Risk reward  = 15:22. Approx 1:1.5 Note - only for educational purpose.

PEL- Piramal Enterprise Ltd. Reversal trade. Time frame 5 min. Reason 1 trendline break. 2 over sold. 3 market was recovering (nifty). 4 double bottom Trade  Entry     942.5 Stoploss   940 Target VWAP (945.5) Exit        945.3 Risk reward almost 1:1. Note - only for educational purpose.

Reliance trade 1. Trade Sell - 1846 Stop loss- 1852 Target - 1830 Real Exit (buy) - 1827. Reason for trade. 1 triangle formation. 2 stock was in uptrend so a good chance of correction. 3 triangle break,rejection by triangle. 4 Below vwap,moving average.  Risk reward  Points won = 19 Points risked = 6 Risk reward = 1:3. Reliance trade -2. Trade Entry - 1825 Stop loss- 1821 Target  -1829-1830 Exit 1831 Reason 1 break of trendline. 2 hammer at trend line break. 3 good gap between moving average and price;good chance for a pullback considering the steep fall Risk reward  Stop loss = 4 Points won = 6 Risk reward = 1:1.5 Note The 2nd trade quantity<<1st trade quantity. Because risk reward is less. Note- this is only meant for educational purpose.

Self explanatory. After exit. Note- this is only meant for educational purpose.

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.

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.