HDFC HDFC forming a small descending triangle formation and breakout should come soon. Buy above 854 Tgt 860,864 and 869 SL 852 Sell below 845 Tgt 842,837 and 830 SL 847 Reliance RIL is approching the higher end of its trading range with a close above both 50/200 SMA sugeesting range breakout on cards. Buy… Read More »
DLF DLF has been bouncing from Fibo Channel support from last 5 times.Above is 4 hour chart of DLF and 222-225 has provided support and lead to bounceback till 250 odd levels. Buy above 234 Tgt 237,240 and 244 SL 231.5 Sell below 230 Tgt 227.5,223.5 and 219 SL 232 Tata Motors Telco achieved… Read More »
Losses is one thing which most of traders fear but its an part and parcel of traders life.The more you fear from them, more will they come to you. So as a trader you should understand how to deal with trading losses. First of all, understand that losses are a necessary part of any risk… Read More »
What is the Ultimate goal of trader who trades Futures/Stocks or Commodity? The answer is quiet simple Profits. But majority of trades never achive their trading goals and are wiped out of the market. However, there are a few general trading tenets to which all successful traders have subscribed. One such trading tenet is “losing… Read More »
Traders always are working on a double edged sword; Small mistake committed by them can turn out to be large loss for their trading account. Trading is a high risk profession and you should always be on your toes else one move by market against you, can wipe out your whole trading account. A trader… Read More »
HUL HUL came up with a good set of earning yesterday, Stock has broken out of its trading range with breal of pennant formation suggesting follow up buying will come in today. Buy above 500 Tgt 510,518 and 527 SL 497 SBI SBI has been trading perfectly in its uptrending channel, SBI has broken this… Read More »
Many new traders are taken out of the trading game through bad mental practices. Here are some things that top money managers have shared through interviews and books that may help traders who are making mental mistakes in their trading. Psychological Traits of the Forex/Commodity /Stocks Trader, All have the below points in common. Try… Read More »
April Series came to an end and Stock Calls given on site have made profit of 1.28 Lakhs. For the reference of readers the performance sheet for the Month of April/March Expiry has been updated, can be accessed from http://tradingsystemperformance.blogspot.in/.Will update May Series calls performance today evening. Maruti Maruti has been on magnificent run as… Read More »
Many readers have asked me the following question: “what we are watching and what we are doing is totally opposite ?” “What we would like to act and trade and we do something reverse than that as soon as we see the trading terminal! ” “I do plan ,than trade but anyhow it goes unfollowed… Read More »
I was very happy to discover that the Forbes Rich List was scattered with investors and hedge fund managers who have profited handsomely despite giving fundamentals a back seat. Here are my favourites from the 2012 list: 2012 Forbes – #82 James Simons – 11.0 Billion Sometimes referred to as the “Quant King” he is also a… Read More »