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Part 3: Trading Psychology – Conscious vs. Subconscious

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One question first, what do you think, how much (as a percentage) is controlled by the subconscious or the conscious in our lives? Who controls us?

Answer: 80-90% is controlled by our subconscious and 10-20% by our conscious mind. However, we think that we make conscious decisions, even if these “conscious decisions” are simply an output of our experiences or knowledge, emotions, or simply hereditary deposits from our consciousness.

Here is a schematic example. we can remember things better if we link an image to what we have read. conscious vs subconscious example Continue reading

Trade Setup – BPCL, APOLLOHOSP, HCL & More

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NSE BPCL: Elliott Wave Projection

Free nse bpcl chart calls

Timeframe: Daily

NSE BPCL has accomplished an impulsive cycle at 359.5 and formed the corrective structure. The price is moving below the 200 exponential moving average[EMA]. The RSI of the price is 36, which means expecting final wave c is not an imaginary scenario.

In this setup, we are getting two opportunities:

  1. Sell below wave A near 323.05
  2. Buy after completion of wave C for riding an impulse

NSE AASHIINDIA – No breakout without demand

NSE ASAHIINDIA had a strong resistance near 522. The price was narrowing the movement by making small candles near the resistance. The security Is trading below 200 EMA, which signals bearish sentiments.

If the price sustains below 504, traders can sell for the following targets: 496 – 493 – 489. Subscribers can take the previous day’s high as an invalidation level.

NSE KIRLOSENG – Breakout Setup

NSE KIRLOSENG has formed a closed near the previous resistance. The structure breakout can be a holy grail for the buyers. 330 is an essential level for breakout traders since prices fall more than four times near this level.

If the price breaks out 330, traders can buy for the following targets: 335 – 344 – 357+.

Further information will be  for subscribers.

NSE APOLLOHOSP – Corrective Formation

NSE APOLLOHOSP has taken support near 4167 and started rising near the previous swing high. Price faced strong resistance nearby 4674 and started falling out of the narrow range with the big candle.

If the price sustains below 4555, traders can sell for the following targets: 4500 – 4464 – 4427. Free subscribers can take the previous day’s high as invalidation.

Further information will be available soon.

NSE HCL – Bearish Continuation

NSE HCL is looking weak on the daily time frame chart. The formation of the patterns in looking weak and corrective. Price has broken down the 50 EMA and trading near 100 EMA.

In the previous trading session, the price faced a strong resistance near 1110. With sharp supply pressure, the resistance was broken down. If the price declines from 1110, traders can sell for the following targets: 1103 – 1097 – 1087. Based on yesterday’s sharp movement, traders can see that prices have recovered on the daily chart.

NSE ASTRAL – Bottom Fishing

NSE ASTRAL Is looking strong on the daily time frame. The price has made a double bottom and rising after a steep fall. The stock prices are oversold and traders can buy for great targets. If the price sustains above 1920, traders can buy for the following targets: 1941 – 1964 – 1994+. Continue reading