Knowing the difference between you making a mistake or the market simple not matching your style will go a long way in keeping down your stress and negative self talk. Infosys Infosys gave a explosive upmove on its results day and then went into slumber mode,from past 28 days stock has been trading in range… Read More »
“Why are you trading? As with any long-term pursuit, it’s nice to have goals and rewards. What are you going to do with the money? Set small targets and reward yourself.” SBI SBI made low of 2175 on results day and has been rising from past 2 days, Stock is approaching rising trendline resistance and… Read More »
“In the beginning your aim should be to develop confidence and structure. Get comfortable with your trading strategy, develop good habits and discipline and be prepared to do whatever it takes to achieve success. It is critical that you avoid getting yourself into a situation where you are desperate and have to make money –… Read More »
HCL Tech IT sector is on a run after cognizant increased its full year guidance. HCL Tech, TCS are making life Highs. HCL Tech is trading in Horizontal channel between 650-720. Wide range of 70 points. Looking at Huge negative divergence in RSI, I expect Stock keep trading in its horizontal channel. Sell below 707… Read More »
SBI SBI will be coming out with its results today around 12-1 PM, Stock has been falling from 14 trading sessions on expectation of bad results. Its said banks will only be able to recover 30% of the load given to Kingfisher airlines. So rise in NPA is expected which street will not like. As… Read More »
Bank Nifty has been outperforming Nifty on downside also with fall of 326 points last week.With economy slowing down Bank will be the first to bear the brunt of slow down. Next week will keep financials in focus as December IIP data on Tuesday and January wholesale price index (WPI) inflation figure on Thursday will… Read More »
As traders we have two general ways to engage financial markets. First, we can conduct intensive research on macroeconomic drivers, fundamental news releases, and key economic data and come to a conclusion concerning the future direction of a specific financial asset; then, once the research has been conducted and a decision has been made, we… Read More »
GAIL Gail has been trading in range of 400-335 and is near its horizontal trading channel support of 335 which it has been holding from past 10 months.Bounce back be expected if 335 is not broken on hourly basis. Buy above 338 Tgt 341,344 and 347 SL334 Sell below 331.5 Tgt 328,326 and 322 SL… Read More »
Maruti Maruti has been trading in an uptrending channel and has approached the higher end of channel at 1640, Stock can see a pullback if unable to do a channel Breakout. Sell below 1624 Tgt 1613,1600 and 1595 SL 1628 Buy above 1630 Tgt 1639,1650 and 1655 SL 1625.3 Bata Bata is forming a… Read More »
“Two of the cardinal sins of trading—giving losses too much rope and taking profits prematurely—are both attempts to make current positions more likely to succeed, to the severe detriment of long-term performance.” -William Eckhardt United Spirits United Spirits deal with diego has cleared SEBI and stock looks bullish looking at the charts once it crosses… Read More »