Fear – To make money in trading you must be willing to take some risk. The more you are scare of losing money the more likely you could lose. Bullish won’t dare to buy, bearish won’t dare to sell. Got profits quickly take and only 100% sure win then trade. A little bit of cautiousness is alright but trading is a game of risk and the more calculated risk you take the higher your chances of winning.
Jubilant Food
Dominos Pizza everyone loves it and stock also proved a multibagger rising from 200 odd levels to 1300. Stock is at a crucial juncture of 200 DMA and volumes are also higher yesterday. 1230 holds the key if its not broken another rally is possible.
Buy above 1248 Tgt 1263,1281 and 1300
Sell below 1226 Tgt 1210,1190 and 1170
Tata Motors
Tata Motors we were able to catch the top using Fibo Fans, discussed the same few days before. Stock made the high of 337 and corrected till 318. Now its a trendline support breaking the same will lead to 300 odd levels.
Buy above 323 Tgt 327,329 and 334
Sell below 318 Tgt 315.5,311 and 308
Reliance
Reliance has formed an Inverse HnS pattern with neckline breakout at 871. Target of pattern comes to 950 odd levels in medium term once RIL closes above 871 on closing basis.Patter failure will come below 845.
Sell below 859 Tgt 850,846 and 840