It’s all about sticking to your plan and experiencing feelings as they arise. If you are unwilling to feel your feelings, the temptation is to avoid them by jumping off your system. Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They… Read More »
AXIS Bank Axis bank took support at its 930 which is 50 SMA and bottom of the channel. Volumes were low on a down day. Now there are 2 distinct possibility 1. Break 50 SMA and correction till 20 SMA 2. Bounce from channel low and move towards 100 SMA Buy above 954 Tgt… Read More »
Educomp Trading range between 172-229. Stock can be sold at cmp with sl of 229.5 Sell below 220.3 Tgt 216 and 212 Coal India Coal India is facing trendline resistance and 200 DMA@357. Stock can be shorted at cmp with sl of 357 Sell below 356.5 Tgt 49,344 and 337 Sl 357 HOIL … Read More »
Maruti Udhyog Maruti has been trading in the range of 907-1008 from past many trading sessions. Yesterday it made an attempt to close above 1010 but supply pressure came on higher end. One positive thing close above 50 SMA @972 is positive for the stock in medium term Buy above 1010 Tgt 1020,1036 and… Read More »
State Bank of India SBI we have covered it 2 days before as a breakout trade above 1710 Stock made a high of 1776 and now profit booking is advisable. Stock is approaching its trendline resistance as shown in above chart. Resistance are never broken in single attempt. Sell between the range of 1776-87 keep… Read More »
SBIN SBI the banking behemoth has shown a breakout yesterday and today we need a follow up action. As shown in above chart clear cut break of trendline but stock need to close above 1710 to confirm breakout. Buy above 1710 Tgt 1724,1746 and 1771 Sell below 1685 Tgt 1664,1637 Reliance… Read More »
When a position is getting ready to stop you out at a loss, do you find yourself bargaining with the name? Do you find your frustration level rising? Do you justify the reason for the move against you, and give it a little more room, only to get stopped out at a bigger loss? Or… Read More »
Rule One of the professional trader is: When a stock doesn’t do what you expect it to do, sell it. No hesitating, no questions or doubts raised no conjectures of the way it should have turned out, or might still turn out, no dreams of how it will do what it was supposed to do… Read More »
“The best traders don’t think about how many millions they need to make each year. They focus on making the best trading decision they can with each trade they make. And if there isn’t a good trading opportunity right now, they have the discipline to do nothing and just wait. Concentrating on one trade at… Read More »
The greatest fault of ninety-nine out of one hundred active traders is being bullish at high prices and bearish at low prices. Therefore, refuse to follow the market beyond what you consider a reasonable climax, no matter how large the possible profits that you may appear to be losing by inaction Bank Nifty Bank… Read More »