Day Trading

It is safe  (short term) buying of RIL, MHDL etc.

@jaya - i checked MACD and both shows strong buy signal. Any target entry price for RIL ?
bid and ask has a huge gap. Finding it difficult to select a range of bid prices.

jaya wrote:It is safe  (short term) buying of RIL, MHDL etc.

RIL is a good choice if you are interested in short term trading. 6.5/= isn't a big deal for it. Btw play safe.

Is it possible to earn through Day Trading? Since there are broker comision how can earn whithin a a small increases? What are the other best choices?

vikey wrote:Is it possible to earn through Day Trading? Since there are broker comision how can earn whithin a a small increases? What are the other best choices?

Yes it's possible. But we need to study the price patterns before enter. Also we need to jump into day rallies and exit at the right time. Not small increases btw. You can see there are more than 5 shares everyday which had more than 5% price gain. So it is just jumping into those stocks at the beginning. 

When consider short term trading it not about fundamentals actually. That's almost 100% technical analysis and human psychology. Idk much about RIL in fundamentals but according to charts it may get a good price gain today. You can check last day trades. More than 3lak traded @5.50. Lets say you grabbed it. Before the day ended millions of shares were traded @6.00 and above. So you could easily earn a 10% net profit within a day.

Now, today i guess we can earn some money if we buy it around 5.50. This is not a recommendation as i haven't analysed it much.

We have to take that risk when trading. Also there's a saying we may only use 1% of our money for a single trade. Btw that depends with the confidence we have.

KavinduTM wrote:

vikey wrote:Is it possible to earn through Day Trading? Since there are broker comision how can earn whithin a a small increases? What are the other best choices?

Yes it's possible. But we need to study the price patterns before enter. Also we need to jump into day rallies and exit at the right time. Not small increases btw. You can see there are more than 5 shares everyday which had more than 5% price gain. So it is just jumping into those stocks at the beginning. 

When consider short term trading it not about fundamentals actually. That's almost 100% technical analysis and human psychology. Idk much about RIL in fundamentals but according to charts it may get a good price gain today. You can check last day trades. More than 3lak traded @5.50. Lets say you grabbed it. Before the day ended millions of shares were traded @6.00 and above. So you could easily earn a 10% net profit within a day.

Now, today i guess we can earn some money if we buy it around 5.50. This is not a recommendation as i haven't analysed it much.

We have to take that risk when trading. Also there's a saying we may only use 1% of our money for a single trade. Btw that depends with the confidence we have.

i noticed people talking that RIL got fabricated EPS with a revaluation. I did not check in detail anyway

pra4u wrote:

KavinduTM wrote:

vikey wrote:Is it possible to earn through Day Trading? Since there are broker comision how can earn whithin a a small increases? What are the other best choices?

Yes it's possible. But we need to study the price patterns before enter. Also we need to jump into day rallies and exit at the right time. Not small increases btw. You can see there are more than 5 shares everyday which had more than 5% price gain. So it is just jumping into those stocks at the beginning. 

When consider short term trading it not about fundamentals actually. That's almost 100% technical analysis and human psychology. Idk much about RIL in fundamentals but according to charts it may get a good price gain today. You can check last day trades. More than 3lak traded @5.50. Lets say you grabbed it. Before the day ended millions of shares were traded @6.00 and above. So you could easily earn a 10% net profit within a day.

Now, today i guess we can earn some money if we buy it around 5.50. This is not a recommendation as i haven't analysed it much.

We have to take that risk when trading. Also there's a saying we may only use 1% of our money for a single trade. Btw that depends with the confidence we have.

i noticed people talking that RIL got fabricated EPS with a revaluation. I did not check in detail anyway

RIL is not that bad see the Annual report

KavinduTM wrote:

vikey wrote:Is it possible to earn through Day Trading? Since there are broker comision how can earn whithin a a small increases? What are the other best choices?

Yes it's possible. But we need to study the price patterns before enter. Also we need to jump into day rallies and exit at the right time. Not small increases btw. You can see there are more than 5 shares everyday which had more than 5% price gain. So it is just jumping into those stocks at the beginning. 

When consider short term trading it not about fundamentals actually. That's almost 100% technical analysis and human psychology. Idk much about RIL in fundamentals but according to charts it may get a good price gain today. You can check last day trades. More than 3lak traded @5.50. Lets say you grabbed it. Before the day ended millions of shares were traded @6.00 and above. So you could easily earn a 10% net profit within a day.

Now, today i guess we can earn some money if we buy it around 5.50. This is not a recommendation as i haven't analysed it much.

We have to take that risk when trading. Also there's a saying we may only use 1% of our money for a single trade. Btw that depends with the confidence we have.

Thanks Kavindu

RIL was trading well at RS.5.80 and based on charts Rs.6.5 is possible. I agree with Kavindu.

MHDL was trading well on Thursday and Friday, but today the trading was a bit dull. Based on charts i was on the view that even RS.8 i possible. Any thoughts with regards to MHDL for this week ? (Trading Purpose)

Mithooshan wrote:RIL was trading well at RS.5.80 and based on charts Rs.6.5 is possible. I agree with Kavindu.

MHDL was trading well on Thursday and Friday, but today the trading was a bit dull. Based on charts i was on the view that even RS.8 i possible. Any thoughts with regards to MHDL for this week ? (Trading Purpose)

Yo what indicators do you use?

I am not an expert brother.
I use MACD, Bollinger Bands, RSI and Awesome oscillator. In combination of multiple charts.
Checking the traded volumes and market sentiment from this and other forums to evaluate price movement. market is of people so comments of members in this forum help me to get a view on what market reaction will be, like a sample (not the best way).

Do let me know how i can improve

Mithooshan wrote:I am not an expert brother.
I use MACD, Bollinger Bands, RSI and Awesome oscillator. In combination of multiple charts.
Checking the traded volumes and market sentiment from this and other forums to evaluate price movement. market is of people so comments of members in this forum help me to get a view on what market reaction will be, like a sample (not the best way).

Do let me know how i can improve

Haha cool. I'm not an expert either. Candlestick patterns give us a clear vision when it has a good liquidity. MACD with  RSI is a good combination which helps to make more accurate decisions.