Dont worry we all are notorious for missing out on opportunities. I have been doing it too!
4350 was a neckline and I expected it to provide support which it did for a few moments. In fact I had myself gone long there yesterday (long at 4354!)but was stopped out at 4335!
Na and I didn't go short after that just called it quits for the day!
Trading is nothing short of speculation and people who treat it as intelligent speculation have a fair chance of doing well.The posts in this blog are nothing but notes I am making for myself. I welcome serious discussion on TA from like minded people and willing to share whatever little knowledge I have of TA. Nothing on this site should ever be interpreted as advice, research or an invitation to buy or sell any securities.
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Fantastic analysis sir.Whats the period of blue moving average line sir?Whether its simple Ma or Exponential Ma.
ReplyDeleteVignesh Hi
ReplyDeleteBlue is 20 EMA and Red is 50 EMA
and thnks for those words of appreciation.
I have always believed that one should study charts and annotate them...it gives you practice and it also clears your PERSPECTIVE!
Cheers
Hi Manoj, I remember last time (few days back) you posted about the importance of 4350. To-day i squared of my shorts at this level.
ReplyDeleteSome how, below this i was a little bit skeptical going short once again from this - A little bit afraid - and alas i missed the bus.
I am very much notorious in missing opportunities like this. Still i have a long way to go to sharpen my skills.
Anyway, thanks in deed for your efforts to show us the way & probabilities.
Regards
Hi Manoj,
ReplyDeletevery good analaysis, looking at the chart i never thought about flag formation you pointed out.
Thanks
Sweety Hi
ReplyDeleteDont worry we all are notorious for missing out on opportunities. I have been doing it too!
4350 was a neckline and I expected it to provide support which it did for a few moments. In fact I had myself gone long there yesterday (long at 4354!)but was stopped out at 4335!
Na and I didn't go short after that just called it quits for the day!
Cheers!
Renu Hi,
ReplyDeleteThanks for the words of appreciation and I am glad to have you here!
Cheers!