I recorded a short video to talk about the process of looking at a stock. Starting with the fundamentals and then coming to the short term movements. This is more educational in nature and can help avoiding mistakes like
Looking at chart patterns and taking trades - only to see the stop loss getting hit
Overtrading, getting out of good trades early - getting faked out because of news
Why listening to "Nifty Analysis" and CNBC / Bloomberg is actually very harmful to good trading
How a good stock analysis process always starts with the "Monthly Chart" - and not the 5 min or the 15 min
Why trading doesnt necessarily mean making 2 or 3% on a trade - it should mean making 20-30% on some trades
Of course Britannia is the key trade to look at here - where to take a position and how to manage it. But the lessons i have learnt through painful losses are probably as vaulable.
Trade active
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Closing in on 5000- hold the trade / DONT CUT EARLY
Comment
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Bullish setup - cleared life high and then consolidating in a good range. Absolutely nothing to be done here if you are long - just be patient If u missed buying this stock then the right level to buy is at the 21 EMA around 4800. DO NOT CHASE THIS STOCK HIGHER.
Comment
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Take profits if you want to at 3 ATR from 21 EMA (around 5030) - long term holders continue to hold
Comment
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Reload setting - beautiful base being formed here at 5000 - also calls are very cheap. Its worth a big shot as the probabilities are in ur favor
Buy 5100 - sell 5200 for a low cost of 20 bucks. 1 - 5 risk reward. If the stock goes below 4950 then u lose the whole amount - but this is a good trade from R:R point of view
Trade active
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Hopefully reloaded below 4950 - target now 5200 and beyond (LTH very close)
Calls are quite cheap (although now getting expensive)
Hopefully reloaded below 4950 - target now 5200 and beyond (LTH very close)
Calls are quite cheap (although now getting expensive)
kunal_finner
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Take profits if you want to at 3 ATR from 21 EMA (around 5030) - long term holders continue to hold
kunal_finner
⋅
Bullish setup - cleared life high and then consolidating in a good range. Absolutely nothing to be done here if you are long - just be patient If u missed buying this stock then the right level to buy is at the 21 EMA around 4800. DO NOT CHASE THIS STOCK HIGHER.
kunal_finner
⋅
Closing in on 5000- hold the trade / DONT CUT EARLY
Calls are quite cheap (although now getting expensive)