Tag Archives: t3b
Last month 17th March our TTTB Trading System has found a breakout trading opportunity in ACC using Amibroker daily chart. On that day ACC closed at 1277.05. So I started following ACC in cash as well as started to follow its next month’s call option. ACC April 1280CE was quoting at 52.90. As per TTTB this call option was a buy at this price.
Why to buy ACC? What is the entry rules of TTTB Trading System? Peak break Improving KRA line So BUY ACC at 1277.05 or BUY its April
So its May end again. HEAT is in the air. Sultry days and warm nights are haunting all of us. Time to be cool and be prepared for June 2015 to be a very profitable month for all of you.
Budget offer on trading systems at bottom of this page.
Nifty has reached its overbought zone and closed below its 3-day exponential moving average (8845.64). Price close to upper bollinger bands and short term stochastics indicator has given bearish crossover. Last week I clearly told to play longs in sudden intraday dips and time and again that strategy worked. But, definitely no new longs please now.
Nifty aggressive traders may try shorts in sudden intraday rallies, with SL above 19th February’s high, i.e. 8913.45 and go for targets 8744-8692-8640
In my last analysisof 3rd February 2015 on Nifty index I clearly indicated a correction here and we got enough correction whole last week.
Nifty index corrected from 8797.40 to Friday’s close of 8661.05. Its a 136 points haul after my ALERT. My readers are aware about the power of technicals. YES, its no magic, pure technicals.
Whats on the cards now?? Nifty has almost corrected to 38.2% retracement level of 8640.90 (made low of 8645.55 on last Friday). Today’s open is very very important
This is an excerpt from our mail of 23rd January, 2015 about Nifty index –> NIFTY: Must target 8900-9000 before any serious correction, use small corrections to add longs. But market is already overbought, so heavy longs are not suggested.
On 23rd January Nifty was trading around 8800. Nifty exactly done our target of 8900-9000 zone, made high of 8996.60 on 30th January 2015 and now on correction mode. Yes, we are not magicians, we just know how to read the charts.