While trading is a game of math, probabilities, charts, and earnings it is also a mind game. Many times a trader’s beliefs will determine their success more than anything else. All traders start out believing it is possible to make money in the markets. Many want to earn their living one day by trading. However it is perseverance, beliefs, and mental determination that will determine who wins and who just quits. Shockingly the majority of millionaire traders lost most of their accounts when they started or they experienced huge draw downs while learning lessons the hard way.
Jain Irrigation has been on a downfall journey from the high of 89.8 to low of 59.9 Stock showed some sign of life yesterday with an 8% move.
Buy above 66 Tgt 67,69 and 72
Sun TV has formed Ascending triangle formation with breakout as 326.15.Target of pattern comes out at 398 in net 2-3 months period.
Buy above 326.5 Tgt 330.7,337.2 and 343
Tata Motors has formed a spining top pattern which is a reversal pattern now we need to see a follow up move with close below 275
Sell below 274.6 Tgt 272,270 and 266