7715 to 7865 is a good range to enter with a stop loss below 7500 targets can be 8200,8500 and up to 9980
k314
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You are great sir😊
1) Still holding on to your position in spite of nifty closing below 8100 on Friday
2) in a violently volatile market like this you are going for "SL on closing basis"
Impressed with your courage and analysis. 👏🙂
Mohit_Jangir
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@trex88, I know you are writing in a sarcastic way but Never mind as I am not the Old Mohit :) , As mentioned on chart :
1. Went long on every decline ; First trade was buy at 8300 & Sell at 8550-8560 & This is the second trade ; I exited at SL but added small quantity as I was bullish on it
2. Even if someone took at 8100 or even 8150 (As Specified on Charts) , Loss of 50-100 Points is there So there is nothing like A Big SL ; It was just a calculated risk
Strong Support is there at 8000 ; Let's see where will it move !
Mohit_Jangir
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@kbmj, In 1st points ; read as "added small quantity again"
k314
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@kbmj,
Nice sir. Not being sarcastic.I was just admiring the complexity involved in your analysis (which is definitely beyond my understanding)
Just trying to understand and catch up slowly.
Best wishes
Mohit_Jangir
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@trex88, I agree that my analysis is a bit complex but Target hit ratio is high as well :)
Just try to understand gann theory if you want to know my method ; It takes ages to learn the theory completely so learning in process ...
k314
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@kbmj, Target hit ratio is always high if one keeps changing goal posts. But you are not one of them I believe. Currently I am learning stock market basics like how to place buy order and how to place stop loss, how to login and logout etc. Slowly I will learn Gann analysis, palmistry, tarot card reading, feng shui, vaastu, numerology and all other you have been learning.
If I dont become a successful trader at least I will be able to do palmistry and parrot astrology and sit alongside you at Mumbai railway station in future :)
PS: Just for fun. Take it lightly just like how you take your trading account ;)
Mohit_Jangir
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@trex88, I don't have any reply ; You are declared the official winner of this discussion .
Mohit_Jangir
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@trex88 , This is the chart I am looking at ; 7800 in worst case scenario but 7511 will not be broken down before we create one more high above 9038