1. Never, Ever, Ever, Under Any Circumstance, Add to a Losing Position… not ever, not never! Adding to losing positions is trading’s carcinogen; it is trading’s driving while intoxicated. It will lead to ruin. Count on it! 2. Trade Like a Wizened Mercenary Soldier: We must fight on the winning side, not on the side we may… Read More »
Siemens Siemens stock on daily chart is unable to close above its downward falling trendline and also approaching the demand zone of 466. Any close below 466 gives target of 432 in short term. Buy above 491 Tgt 500,509 and 519 SL 484 Sell below 473 Tgt 465,455 and 444 SL 477 M&M M&M… Read More »
FIIs bought 708 contracts of Index Future (Book profits in 2421 Contracts of shorts and 1713 fresh longs were sold) worth 37 cores with net Open Interest decreasing by 4134 contracts. So as per data analysis, FII are exiting longs and booking profits in shorts. Golden Rules for Traders trading based on Chart/ Chart Pattern… Read More »
Most of the time, you want to own the stock before it breaks out, then sell it to the momentum players after it breaks out. If you buy breakouts, realize that professional traders are handing off their positions to you in order to test the strength of the trend. They will typically buy it back… Read More »
Shares in Financial Technologies (FT) plunged over 50 per cent, while Multi Commodity Exchange (MCX) shares fell as much as 20 per cent on Thursday. FT is the parent company of MCX. Both these stocks traded at an all-time low. (Track stocks) The sharp fall in Financial Tech and MCX followed the National Spot Exchange’s… Read More »
Canara Bank Canara Bank is taking support at its Fibo Support of 246, Holding the same bounceback can be expected till 322 in short term. Buy above 278 Tgt 285,292,298 SL 274 Sell below 265 Tgt 260,254 and 246 SL 269 Idea Idea has been trading in perfect up trending channel and stock has reached… Read More »