Thursday, 1 June 2017

Today's Trades 01062017


Nifty is stuck in a narrow range.  Yesterday it traded in a 30 point narrow range whole day.  Today since it was also trading close to PDH in the morning, it was expected to break out but it disappointed. In the afternoon it tried to break PDL BRN and this time too it failed. Big picture analysis suggested BRN a good level to trade.  Have a look,


I also traded in few stocks and I would like to share with you the setup that emerged in morning in Divislab which was traded in cash.  Have a look at the Big Picture chart comprising price action of last 6-7 days.


If we try to read the story the prices tell us remaining unbiased, we can find a good setup such as this and benefit from it.

Some sort of similar kind of setup was there in Sunpharma.  Here the volume part was missing. It was traded in futures and moved well too.


Here is the snapshot of trades that were discussed.

4 comments:

  1. Gud analysis of price action , I m silent follower of price action and always follow almost all price action blogs, try to learn gradually, thanks to ST Sir, who give us practical solution to read the mkt and feel the price.

    ReplyDelete
    Replies
    1. Raghav

      Thanks. All thanks goes to ST sir for everything. We will remain indebted to him as a trader.

      URD

      Delete
  2. Hi
    Was there a chance for BOF of PDH (in morning for shorts) and BOF of BRN (in the noon for longs)?

    ReplyDelete
    Replies
    1. Anand

      Yes, both are valid setups.

      URD

      Delete