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 »
There are many unnatural things that happen to a market. But underlying it wants to find participation equilibrium. It means cutting out the weakest leading the strong lower and allowing the few to pull everything higher. The problem is cycles are getting shorter and power is not as concentrated. If you are confused, imagine how… Read More »
Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader. Axis Bank Axis Bank came with good set of number. Stock took support at crucial level of 1110 which shows… Read More »
In any particular trade you never really know how far prices will travel from any given point. If you never really know where the market may stop, it is very easy to believe there are no limits to how much you can make on any given trade. From a psychological perspective this characteristic will allow… Read More »