Whenever I see people buy lottery tickets in anticipation of making quick bucks or realizing there dream of becoming millionaire on the back of my mind I get the image of an Option traders who buys in anticipation of making his trading capital increase by several folds.. While a few bucks lottery ticket doesn’t seem… Read More »
Some traders who have lost money fall into paralysis from analysis.They develop a quaint notion that if they analyze more data, they’ll stop losing and become winners. You can recognize them by their beautiful charts and shelves crammed with stock reports. They will show you indicator signals in the middle of any chart, but when… Read More »
Gail GAIL is on verge of breakout above 382.6 Buy above 382.6 Tgt 385,389 Sell below 377 Tgt 373,369 and 365 LIC Housing LIC housing is on verge of breakout with bullish momentum intact. Buy above 268 Tgt 270.9,276 and 280 IRB Infra Crossed 20 SMA,above 192 breakout trade Buy above 192.5 Tgt… Read More »
Trading is a journey of self-discovery. If you enjoy learning, if you are not scared of risk, if the rewards appeal to you, if you are preparedto put in the work, you have a great project ahead of you. You will work hard and enjoy the discoveries you’ll make along the way. Tata Steel Laxman… Read More »
Bank Nifty Nifty made double bottom yesterday at 5171 but Bank nifty broke the previous swing low 9939 and made a new swing low of 9901. Buy above 9994 Tgt 10087,10215 and 10308 Sell below 9901 Tgt 9850,9773 and 9646 Bajaj Auto Classic Example of Resistance becoming Support. 1638 low held stock will show a… Read More »
Successful traders are sharp, curious, and unassuming people. Most have been through losing periods. They graduated from the school of hard knocks, and that experience helped smooth their rough edges. Bank of India Bank of India is near its channel support at lower trendline.Bounce back can be accepted if low of 350 is protected. Buy… Read More »
Markets seduce greedy traders into buying positions that are too large for their accounts and then destroy them with a reaction they cannot afford to sit out. They shake fearful traders out of winning trades with brief countertrend spikes before embarking on runaway moves.Lazy traders are the favorite victims of the market, which keeps throwing… Read More »
One of the biggest problems new traders have is focusing on the wrong things. I did it, everyone does it. Being perfect is one of those things. Perfect is not a pre-requisite for making money. There is so much money to be made in between. . Perfection and satisfaction are almost never in the same… Read More »
Bank Nifty Bank Nifty has been trading 10900-10350. Break of 10285 will start the gap filling process. Sell below 10345 Tgt 10285,10215 and 10170 Buy above 10525 Tgt 10595,10625 and 10699 ICICI Bank ICICI bank forming a rising wedge pattern. Sell below 910 Tgt 900,891 and 884 Buy above 928 Tgt 936,944 and 954… Read More »
New Delhi: Today’s Budget is one of the biggest challenges of Pranab Mukherjee’s long political career and the Finance Minister set the tone for it when he described the year gone by as a “year of recovery interrupted.” He began with listing grim ground realities – the global economic scenario, the battle with double digit… Read More »