IRCTC - Learning?
Runaway Gaps are traded like flag & pennant patterns. The price move before the gap is projected upwards for the price target. Here the target comes out to be 3230. https://t.co/QuKrekfHG3
IRCTC - A perfect pullback on low volumes after a high volume breakout. Low-risk setup. Weak below 2015 pic.twitter.com/jSHBlEhkE0
— The_Chartist \U0001f4c8 (@nison_steve) June 9, 2021
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More from Irctc
Another fresh breakout making HH-HL
volume spike seen today
Unlock process started which will help irctc to have upcoming good quarter results
Hits 2100+
Keep holding
2300-2500 short term targets
4992 long term target
Monopoly company https://t.co/mlIErwRuP5
Irctc
— Vibhor Varshney (@nakulvibhor) June 7, 2021
Another fresh breakout
Unlock process started in Mumbai - Delhi - up and few other states will help irctc to have upcoming good quarter results
Hits 2100+
Keep holding
2300-2500 short term targets
4992 long term target
Monopoly company
One can add now as well
\U0001f44d\U0001f44d https://t.co/O5M3hj8Mhk
patience is virtue
no exit. though its slightly overbought, any retracement could be chance
2700 level brings more strength
#IRCTC 1% x 3 cmp 1759
— Sunil Dhawan\U0001f6a9 \U0001f1ee\U0001f1f3 (@SunilDhawan13) February 28, 2021
chart to level mapping@Definedge https://t.co/nP50vq4PJb pic.twitter.com/tzUq1ICIMb
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Decoded his way of analysis/logics for everyone to easily understand.
Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen
1. Keeps following volatility super closely.
Makes 7-8 different strategies to give him a sense of what's going on.
Whichever gives highest profit he trades in.
I am quite different from your style. I follow the market's volatility very closely. I have mock positions in 7-8 different strategies which allows me to stay connected. Whichever gives best profit is usually the one i trade in.
— Sarang Sood (@SarangSood) August 13, 2019
2. Theta falls when market moves.
Falls where market is headed towards not on our original position.
Anilji most of the time these days Theta only falls when market moves. So the Theta actually falls where market has moved to, not where our position was in the first place. By shifting we can come close to capturing the Theta fall but not always.
— Sarang Sood (@SarangSood) June 24, 2019
3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result
He believes in a market operator, if market mover sells volatility Sarang Sir joins him.
This week has been great so far. The main aim is to be in the right side of the volatility, rest the market will reward.
— Sarang Sood (@SarangSood) July 3, 2019
4. Theta decay vs Fall in vega
Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
There is a difference between theta decay & fall in vega. Decay is certain but there is no guaranteed profit as delta moves can increase cost. Fall in vega on the other hand is backed by a powerful force that sells options and gives handsome returns. Our job is to identify them.
— Sarang Sood (@SarangSood) February 12, 2020