Raymonds Raymonds have a excellent trade set up with good risk to reward ratio. Stock is oversold on daily charts and trading at lower end of trading range @321 as yesterdays fall was with negligible volumes as compared to previous trading sessions. Buy above 327 Tgt 334,339 and 345 . Reliance RIL has… Read More »
As traders try to improve performance, the one piece of knowledge that is often overlooked, is self-knowledge. Most traders would benefit by simply focusing on doing more of what works and less of what doesn’t, which sounds obvious, but the reality is that most do just the opposite. Learning to identify which behaviors work and… Read More »
Polaris Software Polaris Software took support at 114 -115 range which is the lower end of trading zone. Volumes were less than average on a declining day, so which shows lack of interest of traders to break the range. Bounce Back can be expected as Polaris held its low. Buy above 116.7 Tgt… Read More »
Bank Nifty Bank Nifty will continue its upmove and will face resistance at 8585 levels. Move above this will take Bank nifty to8685.Stoch has generated a buy. Buy above 8430 Tgt 8480,8513 and 8585 Sell below 8288 Tgt 8210,8160 and 8100 Reliance Industries RIL is approaching its trendline resistance and 20 SMA @762.… Read More »
In the trading world, you will either make money or lose money on any given trade. All that matters in the end is making more money when you’re right than you lose when you’re wrong. Knowing this, traders have learned to accept failure as part of the game, but they also use the information they… Read More »
Winning Trader’s Traits Calm,Disciplined,Confident,Organized,Excellent recordkeeping,Business like approach,Professional demeanor Losing Trader’s Traits Emotional,Undisciplined,Anxious,Disorganized,No recordkeeping,Wants action & excitement,Amateur demeanor Now you decide which Traits you are having and which one you need to develop. Bank Nifty Bank Nifty after long time will see green uptick on the screen with 7711 saved for the time being.… Read More »
Tata Motors Flag Patter formation with repect to lower trendline and formation of higher lows make the stock technically strong and bullish in extreme short term. Telco has been outperforming Nifty on relative terms. Buy above 180.2 Tgt 183 and 187 Axis Bank Axis Bank has seen waterfall decline in past few… Read More »
It is important to “follow what the market is currently doing as opposed to following what one might personally think the market should do.” As he said, “Every man has a right to his opinion, but no man has a right to be wrong in his facts.” Bank Nifty Bank Nifty has achvied its trendline… Read More »
I believe that one of the most important qualifications for a successful trader is “POISE”, which to me is defined as stability, a well balanced person with dignity of manner – as it relates to the stock market.A poised person is a person who can handle their hopes and their fears in a calm manner.… Read More »
We all need to be disciplined along with using good money and risk management skills, yet too much of anything can cause problems. Sometimes we put so much attention on caution to ensure that we only make good trades that we reduce our actions to the point that we miss so many strong trading opportunities.… Read More »