Context : As I explained in my post earlier, I expected strong selling in the zone 11380-11630. Remember this zone is where the shock moves started happening in February 2020. I actually did not trade much in the zone, but I started shorting around the upper range of the zone - around 11600. About Trade : I have been positional short from Sept 13, I bought Oct...
Marked are the Expiry Day range for Bank nifty for tomorrow. The market should close tomorrow within the range with more bullish bias.
Here is using Elliot wave to determine the logic of the 9k put option. We do have a CME gap. Timeframes aren't 1to1 and could happen over a period of time
AT&T looks to be fighting trending resistance, and is further being pressured out of its horizontal channel, falling out of the 28.92/30.04 price range. A light friday candle, arguably a doji, will not hold up this slight move in price northward. Good volume, however, and RSI Indicator suggesting a possible reversal off the 28.92 support. The question - Will it...
Clorox NYSE:CLX has really been selling off this month. The stock has dipped below its 100 day exponential moving average more than twice recently. I am going to see if CLX break below the 200 EMA. If so, then the key levels to watch might be that bearish turning point line, which was drawn using previous support levels. Seeing this chart makes me wonder...Is...
Context : August 31 was a the day when NIFTY broke it's normal routine of moving up slowly, which started in June. It also followed up by another leg of down move on Sep 4. I was able to play both these moves because of sound strategies. And Now with these two successful attempts, I completely understand , shorting again may not be a good idea. ****...
I think the all time highs for these 2 stocks are behind us and they should only head lower from here. Ive observed a repeating pattern for both these stocks which tell me a trend change is forthcoming
Pampa Energia (PAM) is reversing a long-term downtrend, and beginning to trend upwards. After hitting a low of $8.72 in March, we’ve been seeing higher highs and lower lows for the last 4 months. This is an Argentine stock and it’ll probably see a bump higher after the government finishes its sovereign debt restructuring. Also, PAM has a share buy-back program in...
I will be testing out the Death Cross pattern with $UN paper trading. History shows that UN usually will go down the day after - 2 days after the pattern is complete, reaches it's low a few days later. The goal is to reach $53, right where it was before it blew up last month from earnings
Short idea is summarized as follows 1. stock has gone parabolic and these typically have aggressive corrections 2. robintrack shows sentiment is extremely optimistic so would like to make a contrarian bet 3. assuming a SZ 84-88 so taking a $4 risk and executing the trade via November PUTS. 80 strike