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AMIT SETH, SEBI REGISTERED RESEARCH ANALYST, REGISTRATION NO INH 300009172
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6 241
AMIT SETH | SEBI REGISTERED RA INH300009172
NIFTY AUTO - PRICE RSI DIVERGENCE
DIVERGENCES ARE LIKE WEATHER FORCAST - NEED RAIN FOR CONFIRMATION.
SIMILARLY NOW WE NEED PRICE ACTION CONFIRMATION
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Has the become increasingly a Intra Day Market for Trading ?
Talking about Trading not Investing!!!
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Missing Me
Quiet because this is phase in the market when Blue Chip portfolios are getting damaged
Not that it hasnβt happened from time to time in last 25 years
But better to wait and watch positionally
View is not for Intraday in which one can do whatever they like and close by 3.15 PM
6 241
Amit Seth | Sebi Registered RA Reg No INH300009172
Yes I am exceptionaly quiet and reluctant in sharing positional views because I like big positional views. Right now its a market with no followup and respect for price action.
When the time comes we will roar again. Sometimes, its best to chill a bit !!!
6 241
Amit Seth | Sebi Registered RA Reg No INH300009172
BB Fake head in a strongly up-trending stock is a like Bear Trap opportunity !!!
6 241
Amit Seth | Sebi Registered RA Reg No INH300009172
How many frontline FnO stocks gave decent reversal from 50
Dema????
Study kiya ?
6 241
The above setup can be filtered further. That is where we play with trading psychologically. Will write βοΈ a note soon on it !!!
6 241
Amit Seth | Sebi Registered RA Reg No INH300009172
See I will give you a clue
Earlier we were comfortable with Pullback trades around 20 Dema. This works in a roaring overall Bull Market
As market is sideways and has no trend for many months, for positional setups we are looking for pullbacks only around 50
Dema and trying to avoid everything else. Price action confirmation is must after that
Remember the setup is Positional and not intraday
Hope that helps!!!
6 241
Amit Seth | Sebi Registered RA Reg No INH300009172
There is a quote
Choose your battles wisely
However, in trading the quote is
Choose your Trading Zone , where you go long or short, wisely
Location matters !!!
