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Showing posts from January, 2020

books for the trader

hello, guys, this is the shubham tamrakar and welcome again  in my other blog  in which I totally talk about  books which are importent for the trader and if you are a trader you must read these books, the reminisces of the stock operator by Edwin Lefevre trade like Jesse Livermore by Richard smitten breaking the habit of being yourself by Joe Dispenza   the mental game of the poker by Jared Tendler trading in the zone by Mark Douglas these five books you must read reading is the most importent for everyone, books give you happiness and pleasure as I am a 19 year old and right now I am in the second year of my graduation, and in this second year of graduation I do not have been college in a single day, because I know what  the college teach me I don't need it in my career every time I do trading only and reading books  currently, I read the last book of the option ( trading in the zone ) and if you want to be a price action trader I...

be greedy when you are a trader

if you are the trader you should be greedy to cut your losses early and greedy to make more profits. and this all happen when market with you, before taking a long and short trade in any particular product you should be clear about the trend of nifty, if nifty goes short, try to initiate short trade because all the stock are correlated with nifty and if you think from here nifty go short try to pic those stock who's lifetime high this is my experience.  today i want to tell about my today's trade on MGL (Mahanagar gas limited) which is there lifetime high  this is the daily chart of the MGL and here you can see that there are three lines I had drawn blue line is put at last time high  and first red line is initial support and last red line is long time support this is the hourly chart of and here you can easily see that the cleary short  this is the chart when I initiate the trade, in third last red candle I get the indication to go sh...

sometime something gone miracle

 Trade of Marico  Hello guys welcome again this is shubham tamrakar  as you know that  our union budget is coming on because of this budget the part of  volatility is very high  and if you see the nifty every day it is either gap up open or gaps down, this makes very confusion I wanna show you recently 3 days chart of the nifty, and in this chart, you will find it is something rangebound ,   this is the 3(27-28-29 Jan) days chart of the nifty and the lever of 12160 is very crucial resistance, so as today blog headling is the trade of Marico  as you can see the chart of nifty at the top 12260 level I was bullish in the market  and in this bullishness, I initiated a trade-in Marico  at 23 January  when I was full bullish  but last 3 days nifty  make lower lows and my trade was totally reversed  but the good news is that I had not to get the stop-loss      this is the forecasted...

long trade of icici prudential completed

Hello, guys, this is shubham today again my one long trade of the icici prudential has completed and this is also one of the best trade of my trading journey,  I want to tell you the reason for this trade why I initiate the trade  as you know first I forecast the chart  4  this is the daily chart here you can see that one red line and two white horizontal lines the red line  is the strong support line and the middle white line is the short term support line and the  upper white line is the strong resistance line as you know I am a price action trader so I don't use any indicator or pivot point I make my own support and resistance level,   this is the hourly chart  and in above I was talking about the middle line is a short term support line   and here you can see that it is correctly sustained in this middle line and that give me an indication and in the 15-minute chart, I get confirmation   this is ...

first experience with bitcoin

hallo guys this is shubham tamrakar as I tell you I am a consistent trader I always forecast technical chart and today the first time to forecast a bitcoin chart and I want so share y first experience with bitcoin  this was nice experience and the part of volatility in bitcoin is amazing and before go the technical chart I want to know somethings about fundamental factor and when I read about bitcoin I get there is not any underlying so it was something  difficult to me to get the core value of bitcoin, but as you know technical chart is everything for the trader, and when I start reading their technical chart I get some figures this is the weekly chart of the bitcoin here you can see that some resistant and support level I draw  this is the daily chart and here you can see that price action the breakout of the patter  move over    this is the four-hour time frame and m most favorite time frame fort the bitcoin chart reading ...

learn with stop-loss

 as you are a consistent trader you actually know the importance of the stop loss if you think that you will always right so guys it does not happen  because this is the stock market and as I know our Indian security market is controlled by the FFI'S & FDI'S and I all the world's security market has been interlinked.  as I am a consistent trader is also get stop-loss sometimes, if I talk about  my today second trade I get stop loss  the reason for this stop loss is nifty has broken  there support level  See Here  and I get the stop loss today I was long in JINDAL steel because nifty was long in their first half  as you can see that I was long in Jindal steel and one more reason  to go long in this share is a high gap down open, but when the market does not with you  you will definitely get the stop loss so when you see this type's situation don't wait for stop-loss cut your trade earlier, and don't treat stop...

some time better to exit earlier( intraday trade )

intraday trade of the KEI industry again welcome to the #taderlifestyle this is shubham  and I wanna talk about today's market  it is the very consolidated market today as you see nifty it is moving around 50 points and this was an effect of the last Friday full bullish market so when the market is consolidated there is very less opportunity you will get for trading and  today i hardly get some stocks for trade  this is the chart of KEI industry and this is the 15-minute chart and the reason for  the initiate this trade is the ascending channel and  support level this was  correctly sustained in there support level you can see Here  and I initiate trader is good thinks is that I get the target  yaa one more thing are that in this trade I don't wait for the full target I cut my trade early because  nifty was break the support lever,  see Here and if I talk about risk-reward ratio  it was also preferabl...

long trade of the mahindra and mahindra has completed

Mahindra and Mahindra  in my last of Mahindra and Mahindra  https://tradershubh.blogspot.com/2020/01/blog-post_17.html I was sent a forecasted chart and that was I was trade  m&m as a short and I also told to my reader if you want to go long in Mahindra and Mahindra so make long position from 560 and this and as usual, this time  had made a long  position on Mahindra and Mahindra and I am very happy that within a 3a working day i get the target of my trade as I am a price action trader I always focus on the support and resistance and the price action is nothing but the breakout of the chart pattern which indicate long and short in the particular stock and product  and I have one more request to you I have recently started this blog page so if you like my blog  so please do share  , like and follow me  and if  you think I can help you so please DM me thanks, you stay tuned Happy trading

identify indication and confirmation ( to be a master of trading)

hello, guys, this is shubham tamrkar and today's topic is about indication and confirmation this is one of the most important to identify indication, first of all, I will talk about the indication, what is indication actually??? so indication is that which give you powerful hint to go either long or short , as I am a technical  analyst or trader also I always searching for a good  indication either long or short,  I know this is looking to very easy to find out a good indication but it is not actually as easy as you think, to find out good indication in particular stock or product you should have to spend some time with the technical chart and when you spend time with it you can easily to find out the move of the candles in my last blog I had a talk about the art of reading candlesticks pattern so must-read that blog. so the conclusion is that indication is very important  to initiate the trade  and more important to get the confirmation of this indi...

the Art of reading candlesticks

hello, guys, this is shubham tamrakar I am a trader and basically, I am a learner of technical analysis and every day I learn something new from the market and I am also very happy that the market teaches me every day something new. and I am happy to learn so basically today I am talking about the art of reading candlesticks pattern it is very important to know when you are a trader and I know every trader have there owned technical analysis strategy  and their way of looking at the market but when I talk about candlesticks very few traders notice about that but I have a proof that it is very important that you should  know about why  the art of reading candlesticks pattern is very  important i wanna show you my last  trade which I have taken yesterday this is  the tata global share chart and when I was reading this chart fount this gonna go short and I make a short position and for the BTST and today, when the market was full bullish, so what fo you...

forecasted chart of the BHARAT FORGE

 as I am a trader I always forecast a chart then plan when I have to initiate the trade and this is very important for you.you should very well know about this when you will enter a trade and when you will exit. because in a trading very mont important part is the exit if you enter right time and don't exit right time it will reduce your profit and sometimes I have seen if I don't exist in a right time I just return in my breakeven and sometimes also I get the stop loss so make sure before entering in trade  it should be clear when you will enter and exit from this  right now I am coming to the point I have forecasted a chart of BHARAT FORGE https://www.tradingview.com/x/1h7a89mM/(link of the chart ) and I also wanna show you day chart (https://www.tradingview.com/x/D1wdMwcz/) so  this is the chart of BHARAT FORGE which I have forecasted and so you can also  do your technical analysis in this chart and if you  think that it is a high p...

BE happy with stoploss

stop-loss such  a memorable word for the trader every trader got the stop losses in their trading career and this is sometimes also playing a very important role  in trading which cut your losses  and save to from the big losses and stop-loss is also mandatory  because stop-loss teach you when you have does mistake and you should also have to learn from the stop-loss  it is not important that every time you are right and some time you also go wrong because the market is not with you suppose nifty is going up to make higher highs like a pattern  and you are in short position  so in this situation is clear that you got the stop loss because very few stocks which are inversely proportinate with nifty and Sensex  I wanna show you  my third trade of the day in which I got the stop-loss this is the chart when I initiated a trade   and this is chart when I got the stop-loss and cut my position with the losses this is happen because t...

CESC limited ( all about technical analysis )

I am a price action trader I consistently reaching the good stock for trading  and today I also find  this CESC limited  is  the value pick stock for today  it was amazing trade had gonna go   i want to show  some screen shorts  this is the forecasted cast of the  CESE limited  and as I get the confirmation   i initiate the trade and  now i have gotten the target and so  it is all about price action   i want to shoe you a different time frame chart  so you can also able to understand why  i initiate this trade  this is a 1-hour chart you can easily see that  this is a range bounded stock and for  you as a trader, you only have to choose the best time  frame to initiate  your best trade as you are  the trader consistency is  one of the most important so  be consistent manage your risk made  successful trade  so all right guys stay tuned H...

trade of UPL LIMITED

This is the screenshot of the upl limited today's chart  and as per my price action trading  strategy I have short for today  so I initiate the trade and now I 'will show you a char of  upl limited after my trader had completed so here we go I actually got the target when it was in candles low point so this is all about today I also made some positional trade for the   expiry of this month which i will show you my another blog when the  targets will actually be achieved and there is one more request to all the readers  please share my blog page with everyone who are in the market  and anybody who wants to learn price action  trading  to DM ME stay tuned. Happy trading

possibility vs. realty (forecast vs actual)

this is a chart of Mahindra and Mahindra as I was forecasted chart of the Mahindra and Mahindra  and now today I have almost I have achieved the target of my long trade I glad to tell you that it amazing feeling that I have got what I thought     this  is a forecasted chart of  the Mahindra and Mahindra and I have forecasted this chart last Friday   and within a 2 day I have got the target look this this is the chart of today    as my trading strategy, I am a  price action trader and I totally work with trend line and chart pattern and  if you are also a trader so make sure that make a trend in a long time frame  you just see  I show you how I make this trade on the basis of the trend line and chart pattern            this is a weekly chart this is a daily chart  this is an hourly chart   and i initiate a short term short with the risk-rew...

todays trade of ajanta pharma

t hello guys  another amazing day for the trader   this is trade about today where I find a double top pattern and last few trading day it is in a range of ascending channel and  that's why this trade had happened  and  now I am going to show you one day chart and one hour chart  so that's why you can easily find out why this trader had happened this is a 1-hour chart  you can easily see that ascending channel  and i also wanna tell you are a trader so it is very important that spend time with the chart find out the pattern and make successful trade this is daily chart of Ajanta pharma you can easily identify tops and the reason of this trade  so stays tunes Happy trading

last trader of the day ( TVS motors)

The last trade of the day has been done with  the reward of  1% and risk 0.60% and the amazing trader had gonna go  amesing day for the traders who make-believe in short a make profit from this     trading is all about risk management so make sure to maintain your risk-reward. and stay tuned  Happy trading