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DayTrading Report- brought to you By Tipsonhand.com - 532424 [ GODREJCP ], GODREJ CONSUMER PRODUCTS LTD. - Daytrading report for 09/16/2016 |
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DAYTRADING SOFTWARE NOW AVAILABLE, DOWNLOAD NOW DAY TRADE REPORT FOR GODREJ CONS For 16 September 2016--------INDEX-------- 1. Opening & General Trading Call, Last trading prices 2. Trade Alert 3. When to Sell? 4. When to Buy? 5. When to Stop Loss? 6. How to calculate Day Trade Range? 7. How to Find Intraday Sentiment? 8. Past few weeks/Days Trend/High/Low/Average Report 9. Disclaimer Abbreviations: RNK: Rank, STR: Strength, SEN: Sentiment,H: High, L: Low, HLD: High-low Difference EX: Extreme, LT: Little, BL: Bullish, BR: Bearish, N: Neutral, SUP: Support, RES: Resistance ----------1. Opening & General Trading Call, Last trading prices--------- OPENING DAY TRADE SENTIMENT for 16 September 2016: UPWARD [5] [ EXTENDED BULLISH ABOVE 1660.95 ] TRADING CALL for 16 September 2016: Buy in weakness, Hold long positions, Wait to Sell... # watch out for profit booking, selling interest LAST TRADING SHOWS: No Selling Interest (Volume: NORMAL) Last trading on 15 September 2016 Prices (BSE): PC: 1650.05 O: 1660.00 L: 1660.00 H: 1678.00 A: 1671.13 C: 1666.90 --------------2. TRADE ALERT-------------- More downside below - 1621.00 , 1631.00 , 1622.00 -------------3. WHEN TO SELL?------------ last Close [1666.90] Watch out for more selling arround/below this prices: 1658.00 [RNK: 3][STR: -13][SEN: LT+BR] 1630.00 [RNK: 2][STR: -13][SEN: EX+BR] 1621.00 [RNK: 1][STR: -25][SEN: EX+BR] --------------4. WHEN TO BUY?-------------- last Close [1666.90] Buying support arround/above this prices: 1631.00 [RNK: 1][STR: 18][SEN: BR] 1622.00 [RNK: 2][STR: 4][SEN: EX+BR] -------------5. WHEN TO STOP LOSS?------------- Stop Loss on long positions: When rank 1,2,3 support breaks below last close price :1631.00, 1622.00 Stop Loss on Short positions: When rank 1,2,3 resistance breaks above last close price: #Delivery based trading is better than completely square up based DAY TRADE. ----------6. How to calculate TRADE RANGE?--------- Formula - LOW = MIN(L1,L2,l3) wbere L1 = Today's Low | L2 = AVG(Price1(L),Price2(L)..) | L3 = Today's High - AVG(HLDX, HLD1...) Formula - HIGH = MAX(h1,H2,H3) where H1 = Today's High| H2 = AVG(Price1(H),Price2(H)...)| H3 = Today's Low + AVG(HLDX, HLD1...) # Only requires to recalculate for new high/low - intraday bases Example: If GODREJ CONS opens at 1658.00 Trade Range (approx): 1619.42 - 1696.58 -------AVG(HLD) = AVG(30.53, AVG(46.63)) = 38.58 -------Low = MIN(1658.00, AVG(1627.80),1619.42) = 1619.42 -------High = MAX(1658.00, AVG(1674.43),1696.58) = 1696.58 TRADE RANGE CALCULATION TABLE (PRICE, LOW, HIGH, HLD): HLDX = 30.53 1658.00[L: 1627.80][H:1674.43]HLD: 46.63][SEN: LT+BR][RNK: 3][STR: 13][RES][No Selling Interest] 1631.00[L: 1616.33][H:1664.03]HLD: 47.70][SEN: BR][RNK: 1][STR: 18][SUP][Profit Booking] 1630.00[L: 1616.33][H:1664.03]HLD: 47.70][SEN: EX+BR][RNK: 2][STR: 13][RES][Profit Booking] 1622.00[L: 1597.33][H:1646.78]HLD: 49.45][SEN: EX+BR][RNK: 2][STR: 4][SUP][Profit Booking] 1621.00[L: 1597.33][H:1646.78]HLD: 49.45][SEN: EX+BR][RNK: 1][STR: 25][RES][Profit Booking] 1570.00[L: 1541.69][H:1590.76]HLD: 49.07][SEN: EX+BR][RNK: 99][STR: 16][SUP][Selling Interest] 1569.00[L: 1532.25][H:1577.93]HLD: 45.68][SEN: EX+BR][RNK: 99][STR: 3][RES][Selling Interest] 1566.00[L: 1531.69][H:1575.34]HLD: 43.65][SEN: EX+BR][RNK: 99][STR: 8][SUP][Selling Interest] 1565.00[L: 1531.69][H:1575.34]HLD: 43.65][SEN: EX+BR][RNK: 99][STR: 22][RES][Selling Interest] ------------7. HOW TO FIND INTRADAY SENTIMENT?------------ MINDNMONEY INTRADAY SENTIMENT INDEX ESTIMATOR: [Index range: -9 to 9] You need to calculate from INTRADAY MOST RECENT CYCLE (IMRC) (Not INTRADAY/DAY HIGH/LOW) Need to recalculate, when Cycle,Trend changes and/or every 1 hour to find the sentiment at that time. Start with 0, 1] If IMRC High is more than : 1655.59 than add 1 Otherwise add -1. 2] If IMRC High is more than 1689.62 than add 1 Otherwise add -1. 3] If IMRC High is more than 1746.89 than add 1 Otherwise add -1. 4] If IMRC LOW is more than 1630.02 than add 1 Otherwise add -1. 5] If IMRC LOW is more than 1674.11 than add 1 Otherwise add -1. 6] If IMRC LOW is more than 1732.16 than add 1 Otherwise add -1. 7] If IMRC or DAY AVERAGE is more than 1633.07 than add 1 Otherwise add -1. 8] If IMRC or DAY AVERAGE is more than 1683.89 than add 1 Otherwise add -1. 9] If IMRC or DAY AVERAGE is more than 1742.52 than add 1 Otherwise add -1. Conclusion: If result is greater than 2 than Upward Move Possible, greater than 5 than More Upward Move Possible If result is between -2 & 2 than Upward/Downward - Bothside Move Possible If result is less than -2 than Downward Move Possible, less than -5 More Downward Move Possible -------------8. Last few weeks/days trend report-------------- Overall Trend from last few weeks (approx): PRICE TREND: LITTLE DOWNWARD [-4] DAILY HIGH: NEUTRAL [0] DAILY LOW: UPWARD [4] DAILY AVERAGE: NEUTRAL [1] Last few days trend (approx): PRICE TREND: DOWNWARD [-6] DAILY HIGH: DOWNWARD [-6] DAILY LOW: LITTLE UPWARD [2] DAILY AVERAGE: LITTLE DOWNWARD [-4] ------------9. Disclaimer------------- This is a personal view or an opinion. Please study fundamentals of the script before investing. Market sentiment, news and announcement can change the trading behaviour. |
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