Faith in your system = Belief through back testing + Experience of winning with it for years
Whether any individual trade is a winner or loser should not influence your faith in your system and trading method. You should trade in a way that each trade is just one trade out of the next 100. Much of emotional trading can be overcome when you do not have doubts about your method. When you hold an almost religious fervor over believing in your method, system, risk management, and your own discipline you will overcome many of the emotional problems that arise in the heat of action during a live market.
Hindalco has been in downtrend from past 125 to 102 levels in 14 trading sessions.Formed a double bottom at 102.3 so till 102.3 is not broken relief rally can emerge.
Buy above 104 Tgt 105.7,107.2 and 108.5 Sl 102.1
Stock made a life high of 551 on expiry. Closed at an important support of 512-515 on Friday.
Sell below 512 Tgt 509.1,504 and 500
Buy above 516.6 TGt 519.5,525 and 529
Working perfectly in between the trendline. Volumes were huge on Friday, panic bottom set in or more fall to come?
Buy above 134.8 Tgt 136,136.9 ,137.6 and 138.2