I have updated previous post twice when it was close to 65-67 Zone - Please say - "khul ja sim sim" the magical door opened & obliged us by holding above 65 -an important level.
How this magical word was connected with .
Head & Shoulder
next at 73.50 levels - these are magical words - Sim Sim for an analyst in the world of .
Now, let the journey continue above double firstname.lastname@example.org with post breakout above Head & Shoulder Pattern.
Measure the distance from head bottom to the neckline - keep the same distance (in our case it is vertical red ) above the neckline so we get target as 79-80 Next.
Trading Psychology / Investment Psychology
Set of few questions as mentioned below by Dr . Van K.Tharp, which can help in becoming a better trader are
"(1) To recognize trading opportunities,
(2) To organize your investment information and manage risk,
(3)To wait for the right opportunity,
(4)To avoid failure thinking,
(5)To prevent your personal life from interfering with your investments, and
(6)To be responsible for your investment. In addition, the test measures
(7)The extent to which you invest to make money compared with other investors and
(8)The extent you have defense mechanisms that prevent you from becoming successful. Finally, you can compute an overall percentile ranking which allows you to compare yourself to other investors in terms of your overall investment psychology skills."
Clearly, this is valuable information. In fact, simply filling out the form can provide real insight,
This can be of real value or insight if Dr . Tharp delivers the analysis for above set of questions - Does he?
For this you can refer - Book -Invest Psychology Inventory by Van K. Tharp or You can read the book - " Trading Beyond the Matrix" by Van K. Tharp.
Previous Update - Lawyer back in courtroom
Intraday trader can book partial profits at 75 - 75.25 & look for a move next above 76.
We are still open for target of 79-80 on upside - at present it can spend whole day or couple of days in the range 73-75 before heading next for the desired target.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ