Rakesh Jhunjhunwala 67 crores in 6 days

We all know about Rakesh Jhunjhunwala’s recent ZEE stock acquisition, in which he made a profit of 67 crores in just six days. Despite the fact that many allege it was insider trading, he may have been aware of the ZEE Sony merger news before it was made public, and thus purchased the stock before the news was made public.

According to a bulk deal report from the NSE, he bought the stock at Rs.220 on September 14, 2021, and the stock closed at Rs.260 on that day, giving retail traders time to invest in ZEE stock. From Rs.260, the stock rose to Rs.330 in the following week, yielding nearly … Read the rest

Trend Reversals using Volume analysis

Volume analysis

Using Volume Analysis, we can identify the price trend and assess the conditions that might lead to a reversal. Here, we will concentrate and cover on actual trend reversal patterns. All of the reversal patterns we’ll be discussing can occur in the overall market, in an index or commodity, or in a single issue. Our first three examples show simple trend reversal patterns in the prevailing macrotrend, or longer-term trend.

However, when volume is considered in the analysis, the picture becomes clearer. Take note of how volume activity increased during this choppy period. Choppy price action combined with an increase in volume is a sign of distribution when following a trend. When eager buyers entered the market, sellers … Read the rest

Why So Many Traders Fail in the Markets

Today, i want to answer one of main question in my own words

Why So Many Traders Fail in the Markets

This has been a nagging question in the back of many people mind. Technical analysts who are better than them exist, but they haven’t been able to turn their abilities into trading profits in many cases. This makes sense now that many have traded every day with full dedication but no success. Trading entails inherent risk due to the inherent ambiguity of the market conditions. Certainty, on the other hand, provides solace to the majority of people. The reason for this is that our minds are hardwired to look for evidence that supports our theories. As a result, when … Read the rest

Rich Dad Poor Dad book summary- Learning Trading psychology

Rich Dad Poor Dad book summary/my notes

It helps with Learning Trading psychology and how financial literacy is important for one to become rich etc..

 

Note: Firstly, Excellent book and I recommend everyone to buy this book if you want to learn trading psychology. Rich Dad Poor Dad was first published in 1997, and has racked up sales of 32 million copies in more than 51 languages. Endorsed by many celebrities including Oprah Winfrey, this book stayed on the New York Times best-sellers list for six years.

Rich dad and poor dad book review : 4.5/5 (spot on)

My Summary/Notes:

Simple 6 Rules explained here

  1. “The poor work for money. The rich have money work for them.”

The majority … Read the rest

Secrets of a Pivot Boss Summary – Value Area, VAP, POC, Pivot Points, CPR by Frank ochoa

Candlesticks Basics:

The body of a candle is the portion of the candle that extends from the open price to the closing price. White or green candles are used to indicate bullish sentiment when the close price is higher than the open price (C > 0). Bearish  Candle forms when the close price is  below the open price (C <O) which forms a black or red color candle and it signifies a bearish sentiment.  The candle’s top and bottom indicate the high and low prices of the bar in the chart. In cases where the high or low exceeds candle’s body, there’s an wick called a “shadow” or “tail”.

The distance between the candle’s low and high is known as … Read the rest

Nifty Trading strategies for options

What exactly is an option trading strategy?

An option trading strategy is a hybrid combination of futures and options, or of two different options, that results in a product with defined risk, returns, or both. Option strategies are possible due to the unique nature of options, which are volatile in nature.

Options strategies are generally classified into six categories, which are as follows:

  1. Bullish strategies
  2. Bearish strategies
  3. Moderately bullish strategies
  4. Moderately bearish strategies
  5. Volatile strategies
  6. Range bound strategies

Protective Puts, Covered Calls and Collars

These are the three most fundamental strategies that are employed on a regular basis. These three options strategies are simple to understand and execute in the F&O Market, despite the fact that they are part of … Read the rest

How to get Narrow CPR stock on daily basis?

How to get Narrow CPR stock on daily basis?

We uploaded NR7 and NR Stocks where possible here

Narrow CPR Stocks or Narrow CPR formed for below stocks

Updated shortly…

Bullet points to remember:

  1. Narrow CPR screener – chartink link will be provided shortly
  2. Narrow CPR excel formula – Excel sheet calculator will be provided
  3. Narrow CPR strategy – as explained above buy above R1 and Previous day breakout and sell below S1 and Previous day low breakout.
  4. Narrow CPR formula – as explained above TC to BC range must be narrow compared to other days
… Read the rest
Support and Resistance in Trading

nr4 and nr7 trading strategy in Intraday with inside bar formation and ORB- trusted trading technique

nr4 and nr7 trading strategy in Intraday with inside bar formation and ORB- trusted trading technique

Today’s we cover most used and tested technique for trading intraday. the theory here is that stocks dont make move’s all time but they move in waves where after a period of days like 7 and 4 where a candle makes lowest range(high and low of a day) compared to last 4 or 7 days then that day is called nr4 and nr7 day respectively and is expected to make a move that day.

In nr7 trading strategy

that is after a nr7 candlestick day is formed like explained above nr7 stock for that reason nr4 and nr7 trading strategy takes place the next … Read the rest

NR4 Candle

How to get NR7 stock on daily basis?

How to get NR7 stock on daily basis?

We uploaded NR7 and NR Stocks where possible here

NR4 and NR7 candles formed for below stocks

Updated shortly…

Bullet points to remember:

  1. nr4 and nr7 screener – chartink link will be provided shortly
  2. nr7 excel formula – Excel sheet calculator will be provided
  3. nr4 strategy – as explained above buy above high of NR4 candle and sell below low of NR4 candle
  4. nr7 formula – as explained above range(high-low of each day compared to previous 3 days)
  5. nr7 strategy accuracy – 70% accuracy when placed together with trend.(trend is your friend)
  6. nr7 days intraday strategy- as explained above buy above high of NR4 candle and sell below low of NR4 candle
… Read the rest