I cant recollect as how I came to know about your blog as it must be through google or facebook. Can you give me a rough estimate how much capital will I require to be a full time trader ?? Also I have taken position into Suzlon. I got it around 66.75. The volumes are going down from the last 3 trading sessions and the RSI today is showing upwards direction. Is this a +ve divergence ?? Wht can v make of it ??? Volumes low day by day and RSI +ve. Something is definately going to happen for sure.
I wouldn't have entered Suzlon! Falling volumes or low volumes are not a good sign. Just following RSI alone is not enough, you also need to look at other indicators like ADX and MACD. Also as said earlier that wait till the price breaks out of the triangle; only then we will know in what direction will it move.
Now prayers may work for you... so start praying! :-)
The only advantage you have is that you have bought close to support levels. There is a good support at 66, and it shouldn't get broken easily. If it does get broken then the next support is at 62-63.
To be honest if prayers worked in the stock market you wouldnt have temples and places of worship in this world as all would be flocking in the exchanges. But once I made trade I can be responsible for it. I have seen the support of 65 and the upside potential is good. So Even If I lost anything it would be around 2 points per share.I think that is fair enough
I cant recollect as how I came to know about your blog as it must be through google or facebook. Can you give me a rough estimate how much capital will I require to be a full time trader ??
ReplyDeleteAlso I have taken position into Suzlon. I got it around 66.75. The volumes are going down from the last 3 trading sessions and the RSI today is showing upwards direction. Is this a +ve divergence ?? Wht can v make of it ??? Volumes low day by day and RSI +ve. Something is definately going to happen for sure.
I wouldn't have entered Suzlon! Falling volumes or low volumes are not a good sign. Just following RSI alone is not enough, you also need to look at other indicators like ADX and MACD.
ReplyDeleteAlso as said earlier that wait till the price breaks out of the triangle; only then we will know in what direction will it move.
Now prayers may work for you... so start praying! :-)
Email me on ashwini400@hotmail.com for capital requirement, etc.
ReplyDeleteThe only advantage you have is that you have bought close to support levels. There is a good support at 66, and it shouldn't get broken easily.
ReplyDeleteIf it does get broken then the next support is at 62-63.
To be honest if prayers worked in the stock market you wouldnt have temples and places of worship in this world as all would be flocking in the exchanges. But once I made trade I can be responsible for it. I have seen the support of 65 and the upside potential is good. So Even If I lost anything it would be around 2 points per share.I think that is fair enough
ReplyDelete