Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
Update stop loss to cost if Target 1 is hit. Target 1 is first resistance. Update stop loss to Target 1 if Target 2 is hit. Target 2 is second resistance.
It is very hard to follow me unless if you do not know basics of price action. My views are for my investors or my personal note rather than tips.
@elayatmenon64 did stake sale of 6% in Sep 22 as well, shud be a minor uptrend for now, if any.
StockWhizzer
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Woh koise bataayega, phir itni bokwaas jo ki hai! yeh pehle 215/220 aayega, also, possible deletion from MSCI on 10th Feb, so below 200 also possible. Dnt everlisten to such dumbos!👍