Welcome Traders,
This is the end of the day analysis on the stock we selected yesterday (07-03) for today's(08-03) intra-day trading.
For those who are not aware on how we selected the stock please watch this video demonstrating How to Pick Stock for Intraday in 2mins. Subscribe to My channel to learn more strategies and technique
These are the list of stocks and its support and resistance which I posted yesterday, these stock gave an average of 4% move today if we had fully capitalized the movement each stock would have given atleast 60% Profit by using leverage . Click here to see the stocks
To have a deeper knowledge on why don't use indicators for trading, checkout out post about Why Technical Indicators fail ?
I have place trade on two stocks and gained a profit of 44% intra-day and my friend earned 28% I will analyze the four stocks which we traded, you shall analyze other stocks and comment if you have any doubts.
PROFIT
DHFL
DHFL as we expected yesterday, came near to out second resistance zone and started to retreat, on checking the total buy and sell volume, suddenly a huge volume was executed at market price. Market orders are normally placed by traders who have very good capital. We retail traders will always tend to place limit orders as we are low on capital. Once the sellers took control of the scrip it just fell down from the high. We could have easily gained 20 points from a 500Rs stock, pure logic. As the stock did not have any visible support line, we have to wait for the reversal point and exit if we tend to stay in the market for long time.
IDBI
We are continuously profiting from IDBI for the past three days, this is because I said on Monday that IDBI has got a strong rejection from a strong resistance zone. Due to the strength of the resistance at the price level 90 we observed on Monday, the stock is facing a downfall from then. We just made sure that we book profit at each downfall. Again today it got rejected from yesterdays resistance zone of 83.5.
JINDALSTEEL
JINDALSTEL showed a great movement today, reversing at exact resistance zone we have marked 237.62 . The stock had a nice down fall the moment it got rejected from a visible resistance zone we marked.
MINDTREE
MINDTREE again reversed exactly from the point we marked as a resistance line 843.52. I was too bearish on this stock the moment I found that the sellers were distributing at that resistance line, I bought a very few stocks yet my target was very high. I was not wrong the market collapsed and my target hit with an ease.
This is how we have to analyze the market for entry and exit. We should never place a trade in hurry market will always give opportunity for you to enter trade so time the right trade. It does not mean we have place a trade the moment we see a odd change in the market, we have to wait and confirm that the change is valid reversal point.
Other stocks which we picked also showed some movement.
Check the blog tomorrow at 8.45AM for the stock pick for the day.
Subscribe to our youtube channel (FIG Learn Market the right way)for more updates on understanding the market and follow the facebook page (FIG Financially Independent Group) and the blogger for instant updates.
Regards
Team FIG
This is the end of the day analysis on the stock we selected yesterday (07-03) for today's(08-03) intra-day trading.
For those who are not aware on how we selected the stock please watch this video demonstrating How to Pick Stock for Intraday in 2mins. Subscribe to My channel to learn more strategies and technique
These are the list of stocks and its support and resistance which I posted yesterday, these stock gave an average of 4% move today if we had fully capitalized the movement each stock would have given atleast 60% Profit by using leverage . Click here to see the stocks
To have a deeper knowledge on why don't use indicators for trading, checkout out post about Why Technical Indicators fail ?
I have place trade on two stocks and gained a profit of 44% intra-day and my friend earned 28% I will analyze the four stocks which we traded, you shall analyze other stocks and comment if you have any doubts.
PROFIT
DHFL as we expected yesterday, came near to out second resistance zone and started to retreat, on checking the total buy and sell volume, suddenly a huge volume was executed at market price. Market orders are normally placed by traders who have very good capital. We retail traders will always tend to place limit orders as we are low on capital. Once the sellers took control of the scrip it just fell down from the high. We could have easily gained 20 points from a 500Rs stock, pure logic. As the stock did not have any visible support line, we have to wait for the reversal point and exit if we tend to stay in the market for long time.
IDBI
We are continuously profiting from IDBI for the past three days, this is because I said on Monday that IDBI has got a strong rejection from a strong resistance zone. Due to the strength of the resistance at the price level 90 we observed on Monday, the stock is facing a downfall from then. We just made sure that we book profit at each downfall. Again today it got rejected from yesterdays resistance zone of 83.5.
JINDALSTEEL
JINDALSTEL showed a great movement today, reversing at exact resistance zone we have marked 237.62 . The stock had a nice down fall the moment it got rejected from a visible resistance zone we marked.
MINDTREE
MINDTREE again reversed exactly from the point we marked as a resistance line 843.52. I was too bearish on this stock the moment I found that the sellers were distributing at that resistance line, I bought a very few stocks yet my target was very high. I was not wrong the market collapsed and my target hit with an ease.
This is how we have to analyze the market for entry and exit. We should never place a trade in hurry market will always give opportunity for you to enter trade so time the right trade. It does not mean we have place a trade the moment we see a odd change in the market, we have to wait and confirm that the change is valid reversal point.
Other stocks which we picked also showed some movement.
Check the blog tomorrow at 8.45AM for the stock pick for the day.
Subscribe to our youtube channel (FIG Learn Market the right way)for more updates on understanding the market and follow the facebook page (FIG Financially Independent Group) and the blogger for instant updates.
Regards
Team FIG
This comment has been removed by the author.
ReplyDeleteSir how to see if seller are more or buyers in market depth as their are two things one on each buyer n seller order their is a total quantity listed under both of them should i consider that or to see quantity at each value of the order being placed???
ReplyDeleteWe have to observe keenly on the stock, conditions like
Delete1) Buyers are high initially, and sellers are very low. In this case you have to check if the buyers strength is reducing by checking if the volume on the buyer side is reducing
Likewise you have to check other cases. I will be uploading a video explaining this .Please subscribe to my youtube channel for more updates.
Thanks
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