Forwarded from Finwings stock trading academy
#BANKNIFTY Monthly View (Daily chart)- Why analyze the monthly chart? -- Amid the current Volatility we should look for the broader trend rather than analyzing the day or swing trade technical levels. (This will give you the privilege to be right most of the TIME, also the adjustments in case of losses are EASY while trading the options. That's what I'm doing.
Finwings Stock Trading Academy~ Free Educational Channel
#BANKNIFTY Monthly View (Daily chart)- Why analyze the monthly chart? -- Amid the current Volatility we should look for the broader trend rather than analyzing the day or swing trade technical levels. (This will give you the privilege to be right most of the…
Indicators overlapped are RSI(14), Moving Average(50) and Supertrend(14,6) on the daily charts
We are glad to launch our application on the Android platform.
Our aim is to reach as many as individuals trying to learn and seek a career in TRADING & INVESTMENT in the Indian Stock market.
👉Please download our App on the PLAY STORE.
🪅Get access to our different paid courses at attractive price.
🪅Free contents every week
🪅Acess to our Offline live-classes videos too.
🪅 All courses are conducted live by our faculties. All videos will be shared post the online sessions subsequently.
🪅Per batch maximum 10 Students
🪅 Q&A sessions | Case studies for all market scenarios.
Finwings Stock Trading Academy Android App Link 👇
:-https://play.google.com/store/apps/details?id=co.marshal.ghsno
Share with your friends and family.
Thank you.
Our aim is to reach as many as individuals trying to learn and seek a career in TRADING & INVESTMENT in the Indian Stock market.
👉Please download our App on the PLAY STORE.
🪅Get access to our different paid courses at attractive price.
🪅Free contents every week
🪅Acess to our Offline live-classes videos too.
🪅 All courses are conducted live by our faculties. All videos will be shared post the online sessions subsequently.
🪅Per batch maximum 10 Students
🪅 Q&A sessions | Case studies for all market scenarios.
Finwings Stock Trading Academy Android App Link 👇
:-https://play.google.com/store/apps/details?id=co.marshal.ghsno
Share with your friends and family.
Thank you.
Google Play
Finwings Stock Trading Academy - Apps on Google Play
Connect with Finwings Stock Trading Academy in efficient and transparent manner
Today deployed butterfly @34900 after 2pm and squared off when spot was 34910, befor the breakout. (P/L +0.28%)
At the session's end deployed SHORT STRANGLE with future short- 2:1 ratio, with an intent that market will move UP a bit and then correct it near the 34900 levels.
Capital deployed is 11lac (almost 55-60%).
Target is 20-25k with 20k stoploss. For a gap up above 200-250 points will wait the market to sustain and then try to square off the positions with minimal loss.
Hold duration 1-2 days
At the session's end deployed SHORT STRANGLE with future short- 2:1 ratio, with an intent that market will move UP a bit and then correct it near the 34900 levels.
Capital deployed is 11lac (almost 55-60%).
Target is 20-25k with 20k stoploss. For a gap up above 200-250 points will wait the market to sustain and then try to square off the positions with minimal loss.
Hold duration 1-2 days
Finwings Stock Trading Academy~ Free Educational Channel
Today deployed butterfly @34900 after 2pm and squared off when spot was 34910, befor the breakout. (P/L +0.28%) At the session's end deployed SHORT STRANGLE with future short- 2:1 ratio, with an intent that market will move UP a bit and then correct it near…
Twitter
Finwings Stock Trading Academy
Squared off all positions. June MTM +11.26% Will wait for the market to settle up a bit and then take the positional trades. #BANKNIFTYFUTURE #OptionsTrading #StockMarketindia
Finwings Stock Trading Academy~ Free Educational Channel
https://twitter.com/Finwingsacademy/status/1537459856294174720?t=RqPBbxUDvGjAIRu84ybLcA&s=19
Squared off the 30July expiry positions, that we deployed on 16 June. Net gain for this positions was 7.6%
Overall June P/L +18.6%.
April P/L +14.4%
May P/L +1.30%
June P/L +18.6%
Quarterly P/L = 34.3%
#BankNiftyOptions
#Ironcondor
#positionaltrading
Overall June P/L +18.6%.
April P/L +14.4%
May P/L +1.30%
June P/L +18.6%
Quarterly P/L = 34.3%
#BankNiftyOptions
#Ironcondor
#positionaltrading
Deployed #Ironcondor with 90% capital used, Max gain will be 9.8% by 28 July expiry. July MTM +0.26%
Finwings Stock Trading Academy~ Free Educational Channel
Deployed #Ironcondor with 90% capital used, Max gain will be 9.8% by 28 July expiry. July MTM +0.26%
Iron condor deployed is wil 2 spread strike prices for call 35500- 36000 and put 32000-31500 shorts, this was because the market suggests Neutral view considering all weekly expiries' PCR. So we should have room for adjustments to be carried out when market moves one-sided. After the view is clear we can shift all positions to 1 strike price call&put both to maximize the returns.
If you read most trading textbooks, they’ll tell you that the more times support and resistance are tested, the stronger they become.
But that’s not true, because the more times support and resistance are tested within a short period, the weaker they become.
Here’s why…
Support exists because there’s potential buying pressure around a certain price level.
(This buying pressure could be institutional orders, retail orders, the smart money, etc.)
So what happens when the price re-tests support multiple times?
Well, these orders start to fill up.
Eventually, when all these orders are filled up, there’s no one left to buy and that’s when support breaks.
This means the more times support and resistance is tested (especially within a short period), the weaker it becomes.
Why a short period?
Because it’s unlikely new orders will be “replenished” so quickly.
_And that’s why the more times support and resistance are tested within a short period, the weaker they become._
But that’s not true, because the more times support and resistance are tested within a short period, the weaker they become.
Here’s why…
Support exists because there’s potential buying pressure around a certain price level.
(This buying pressure could be institutional orders, retail orders, the smart money, etc.)
So what happens when the price re-tests support multiple times?
Well, these orders start to fill up.
Eventually, when all these orders are filled up, there’s no one left to buy and that’s when support breaks.
This means the more times support and resistance is tested (especially within a short period), the weaker it becomes.
Why a short period?
Because it’s unlikely new orders will be “replenished” so quickly.
_And that’s why the more times support and resistance are tested within a short period, the weaker they become._