Daily forecast for 21st June. Block busters are #chambel #vedl #aarti

Summary

In this video, the speaker discusses a strategy for identifying market trends and capturing momentum, highlighting a significant 20% move in Chumble. They emphasize the importance of understanding time cycles and price elements to predict market movements, using Chumble as a case study. The speaker also introduces a simple method for trend analysis, advocating for emotional detachment from the market and sharing insights on how to trade effectively using time-based and price-based signals. They conclude with a reminder to practice and consult financial advisors before making investment decisions.

Takeaways

• 📅 The speaker predicts a sideways market movement for Nifty on the 26th of the year 2024, but instead observes a significant 20% move in the stock 'Chumble'.
• 📊 The speaker emphasizes the importance of understanding time elements and price elements in trading, along with identifying patterns to catch market momentum.
• 📉 A simple strategy is introduced for trading, which involves using time cycles and trend lines without emotional involvement in the market.
• 📈 The speaker shares a specific example of trading 'Chumble' by buying above a certain price level with a predefined stop loss, highlighting the importance of sticking to the trade plan.
• 🔢 The concept of 'time cycle' is explained with a specific date's high and low being valid for a year, suggesting a method to predict market movements based on historical data.
• 📝 The speaker demonstrates how to connect recent highs and lows to predict trend changes, using the example of 'Chumble' and a 237 bar cycle.
• 📉 The importance of not letting emotions drive trading decisions is stressed, and the speaker shares their experience of exiting positions and managing risk.
• 📊 The speaker discusses the use of 'Fortune signals' in 5-minute charts for trading decisions, indicating a method to enter and exit trades based on specific signals.
• 📈 A detailed explanation is provided on how to identify potential trades using a number system that focuses on the difference between two numerical indicators.
• 📅 The speaker mentions specific dates as 'Mega dates' for certain stocks, suggesting these dates are critical for significant market movements.
• 🚀 The speaker concludes by advising viewers to practice mind management to trade without emotions and to use simple time cycles effectively for capturing market momentum.

Q & A

What was the speaker's prediction for Nifty on the 26th of 2024?

The speaker predicted a sideways move for Nifty due to certain calculations, but the prediction did not come true as they had to exit an option trade twice based on timing with a stop loss of 12 points.

What was the significant event that occurred with 'Chumble' as mentioned in the script?

Chumble experienced a phenomenal move of 20%, which was not only limited to Chumble but also affected other fertilizer companies, indicating a broader market trend.

What is the speaker's approach to teaching trading strategies?

The speaker emphasizes the importance of understanding the time element, adding the price element, and recognizing patterns in trading. They advocate for simple methods and maintaining emotional detachment from the market trends.

What is the 'time cycle' mentioned by the speaker, and how is it used in trading?

The time cycle is an advanced trading concept taught by the speaker, which involves identifying significant dates for stocks and using the high and low prices of those dates for a year to make trading decisions.

How does the speaker suggest traders should react to the market trend?

The speaker suggests that traders should be with the trend without any emotion, which is considered the billion-dollar question in the market. They stress the importance of being able to manage one's emotions while trading.