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Nifty
Week Ahead: Bank Nifty Futures Weekly Chart
Bank Nifty Future Weekly Chart for the week ahead 17 August. Below is the main chart for your reference. It is also low of week closing 13Mar20 as you can see on extreme left circled Last few weeks since 20June20 it is taking support on 21000 on Weekly basis with notable lows of 21025 and 21087 as seen in Value Chart presented as above. For any decisive breakout for a trend to emerge below this range of 21000 needs a strength candle close above below 21000. For any decisive breakout for a trend to emerge below this range of 21000…
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Learning
How to fix Targets for Investment Stocks
In Monthly Chart take the Low of the last BH>50%CH Candle and multiply by 1.618 for the next month Target. Do it as a one-time activity at the close of every Month. Here is the Simplified Illustration for Asahi India as a Case Study (Fig.1) Condition: CCI 34 in Monthly Chart must be >+100. The stock must be in Momentum and that is gauged by CCI 34 staying above +100. If you are not aware how to analyze a BH>50% CH Candle, here is it. BH is Body Height of the Candle and is the Absolute Difference between Close and…
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Learning
Nimblr’s Aura Constant
All living persons, things, places or a noun has an “Aura” of its own. Nimblr liked the basic idea and felt that every number also has an “Aura” of its own.
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Learning
Candle Shunting
Candle’s Body Shunting is valid for momentum or Strength Candles in Nimblr TA Price Flow Analysis. Bullish Strength Candle: Whenever Close of a Star marked or Strength Candle closes above the Open with a Body Height greater than 50% of Candle Height i.e. BH>50%CH it is known as Bullish Strength Candle. (Fig.1) Bearish Strength Candle: Whenever close of a star marked or Strength Candle closes below the Open with a Body Height greater than 50% of Candle Height i.e. BH>50%CH it is known as Bearish Strength Candle. (Fig.1) Fig.1 Bullish & Bearish Candle WHAT DO WE MEAN BY SHUNTING? What…
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Candlestick
Daily True Range (DTR) & Low Margin Cash Trading
Daily True Range (DTR) as commonly referred is the Difference between High and Low to the Open of the Day. “Daily True Range has its importance in Day Trading where trades have to be squared-off by end of Day.” It revolves around trying to gauge any scope for further Intra day rise or fall in the direction of trade. It starts with noting the day’s high and low and the difference as a percentage to Open of the Day. It is a foot rule guide for measuring price flow in terms of percentages that can relate well to the percentage…
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Learning
Pullback and CCI Indicators
In Nimblr TA, Pull Backs are discussed with Commodity Channel Index (“CCI”) Indicator as supporting tool. Let us begin with understanding parameters of CCI used here: CCI: Used with two parameters i.e. Time Frame and Period Period: It pertains to no of candles in count. Time: It is measured in minutes, hours, weeks, months, days, yearly. Let us now understand few commonly used CCI indicators: CCI 34 30 min: it means the number of candles it considers is 34 and period of each candle is 30 min CCI 34 5 min: it means that the number of candles it considers is…
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Learning
What is CCI + BO ?
In NimblrTA, CCI + BO is a common terminology used in Intra Day Trading Whenever CCI enters into momentum and Breakout is confirmed. Momentum referred here is when decisive trended price action occurs that could give gains in lesser than normal time in the trade. Primarily, CCI B means upside Buy Momentum. It signifies that CCI has just been greater than 100 and the stock is said to have entered a Buy Momentum. (Fig.1) CCI S is down side Sell Momentum. It signifies that CCI has just been lesser than -100 and the stock is said to have entered a…
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The Folly of StopLoss
The Folly of Stop Loss Many believe with a Stop Loss in place the risk control job is taken care. But that’s not your only job. Your job is to minimize loss too and not adopt a costly loss aversion method of Stop Loss. Its Foolish to Leave it to the Stop Loss for Loss Aversion. And that’s The Folly of Stop Loss. Of course the trading platform demands and must therefore have a Safe Stop Loss for the Trading Platform which facilitates better scope for profit cover and at times even a loss cover order. Of course Stop Loss…
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Trader Supremacy
Habits & Losses
Habits & Losses Wishful thinking is a Speculative Habit! To wish is Speculative. ‘Hope for the Best’ is speculative and can lead to losses. Acting in anticipation without confirmation is speculative. ‘Let me Try’ is a speculative act. ‘Try, Try till you succeed’ can lead to Over trading. ‘It will happen’ kind of haughty self-righteousness doubles losses. ‘I am sure’ can make you add positions and lose. ‘I know’ of the news can turn into a nightmare. Caring for more Gossip may open you to trading on Gossip. Some overnight Buy Back news may risk you to make a trade.…
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Learning
Trend Reversals – PSAR
Let us look at “Stop & Reverse” as a Trend Reversal concept. A note to understand Parabolic Stop & Reverse (PSAR). Parabolic SAR / PSAR / P SAR It is a Trend Reversal Indicator, with a feature to use the PSAR Value for Stop Loss Trailing which isn’t available with other Trend Reversal Indicators.It is an Overlay Indicator seen as Dots as an Overlay on Chart either just below or above the price as below If the trigger value is used as Entry Stop Loss, it may prove to be ‘safe’ from whipsaws in the early stages of entry before the trend…
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Case Studies
Case Study #3 Open of the Day
In this Case Study, we are looking at the relevance of Open of the Day in Intraday Trading. Open of the day is the most ignored aspect amidst our focus on Indicators. Let us understand the importance of “Open of the Day”. Note: Your trading chart must have: ” A distinct fat orange-colored line that is always highly visible to never miss.” Why? Open Price is the first data tick that culminates into Price. Happenings in the media. World News related to instruments (Since Prev Close). Case 1 In the chart below, we look for the price to cross 2349.55…
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5Gem
5 Gems #17
In announcing the 5Gems, we have tried to create a balanced portfolio of stable and aggressive stocks. Two good stocks providing good compounding entry are Biocon Ltd and LG Balkrishnan & Bros. Linde, Linc and Kaveri Seeds as torch bearers. Gem 1 Biocon Ltd CMP 376.45 It has the largest bio-similar pipelines comprising 28 molecules to be launched over the next decade. Only Indian company to get FDA approval for 3 bio-similar molecules. Market Cap ₹ 45,275 Cr. High / Low ₹ 425 / 315 Stock P/E 64.6 Book Value ₹ 65.7 Dividend Yield 0.00 % ROCE 10.3 % ROE…
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StockstoWatch
9 Stocks to Watch #2
In announcing the 9 Stocks to Watch, we have tried to create a few sprinters and aggressive stocks. Stock 1 SKF India Ltd CMP 3975.00 We may see it heading to 4601. Stock 2 Visaka Industries Limited CMP 663.60 Any close below 646.25, may disturb the bullish structure the chart is trying to create. Above 682 means back to 830. Stock 3 West Coast Paper Mills Ltd CMP 245.90 This stock is on watch if it can close 246.75 in the upcoming trading days. Stock 4 United Spirits Ltd CMP 942.70 We may see it heading to 1191 soon.…
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1 Gem - Revealing Stocks
1 Gem – Revealing Stock
Tanfac Industries Limited It is a joint sector company promoted by Aditya Birla Group, which holds a 25% stake in the company, and Tamil Nadu Industrial Development Corporation (TIDCO). The company began commercial production in March 1985 and is amongst the leading producers of Hydrofluoric Acid and its derivatives. Market Cap ₹ 697 Cr. Current Price ₹ 698 High / Low ₹ 779 / 178 Stock P/E 16.8 Book Value ₹ 111 Dividend Yield 0.50 % ROCE 35.2 % ROE 23.5 % Face Value ₹ 10.0 Int Coverage 59.3 Sales growth 3Years -2.97 % Return over 3years 44.8 % Debt…
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5Gem
5 Gems #16
In announcing the 5Gems, we have tried to create a balanced portfolio of stable and aggressive stocks. Two good stocks providing good compounding entry are ATUL and Kirloskar Bros. Jash, Selan and Jayant Agro as sprinters. Gem 1 Atul Ltd CMP 9267.00 This company segments, namely Life Science Chemicals and Performance & Other Chemicals, under seven sub-segments, namely Aromatics, Bulk Chemicals and Intermediates, Colors, Crop Protection, Floras, Pharmaceuticals and Polymers. Market Cap ₹ 27,531 Cr. High / Low ₹ 10,975 / 6,220 Stock P/E 40.7 Book Value ₹ 1,437 Dividend Yield 0.21 % ROCE 24.0 % ROE 18.3 % Face…
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5Gem
5 Gems #15
In announcing the 5Gems, we have tried to create a balanced portfolio of stable and aggressive stocks to focus on fundamentals Only after being satisfied with fundamentals, the pricing part is looking into for a fair price And even trends that appear to come from price over a certain sector. It seems the Phthalic Anhydride stocks are showing up well. Gem 1 GMM Pfaudler Ltd. CMP 4842.70 GMM Pfaudler (GMM) is the market leader of glass-lined equipment in India with over 50% market share. GMM was a JV between Pfaudler Inc (50.4% stake) and the Ashok Patel family (24.6%) [1].…
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Learning
Achieving Discipline
Discipline is not something others do to you. It is something you do for yourself. The easiest and the hardest way to practice discipline is to wake up every morning at the same time. Each Day. Each Morning. Easy or Hard?. I leave that to you to decide. Discipline sounds like a very calm word. But, it’s a mammoth of a task for somebody to follow or an easy-peasy for a for someone. We all learn discipline out of our circumstances and choices. Let me share my thoughts and beliefs on Discipline which have come with time and experience.…
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StockstoWatch
9 Stocks to Watch #1
In announcing the 9 Stocks to Watch, we have tried to create few sprinters and aggresive stocks. Stock 1 GP Petroleums Ltd CMP 47.50 It is a lubricant player, specializes in industrial & automotive lubricants, process oils, transformer oils, greases, and other specialties H / L ₹ 77.6 / 34.6 P/E 17.1 BV ₹ 46.1 FV ₹ 5.00 Int Cover 127 EPS ₹ 2.81 Is it worth Bottom Hunting? Stock 2 Creative Newtech Ltd CMP 412.00 H/L ₹ 437 / 83.9 P/E 33.3 BV ₹ 54.2 ROCE 22.4 % ROE 22.7 % FV ₹ 10.0 Int Cover 4.77 Sales growth…
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5Gem
5 Gems #14
In announcing the 5Gems, we have tried to create a balanced portfolio of stable and aggressive stocks. The Portfolio focuses on stability, keeping in mind, we are investing in a matured bullish market. TCS Chambal Saregama for a sprint. Kopran & Orient Abrasives is at its fair value. Gem 1 Chambal Fertilisers & Chemicals Limited CMP 406.45 Market Cap ₹ 16,873 Cr. High / Low ₹ 451 / 198 Stock P/E 11.0 Book Value ₹ 143 Dividend Yield 1.85 % ROCE 20.2 % ROE 30.6 % Face Value ₹ 10.0 Int Coverage 15.3 Sales growth 3Years 19.0 % Return over…
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