Averoy_Apoorv_Analysis

How to get 12% using Swing trading in HONAUT - Common sense

Long
NSE:HONAUT   HONEYWELL AUTO IND
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πŸ”₯ Common sense used :
πŸ“Œ Weekly time frame: Make 2 fib from 2 different from one will give you 30% retracement of price and one will give 50% - a sign of extreme bullishness
πŸ“Œ The supply zone is broken and now converted into a demand zone on those bullish levels as described in the video
πŸ“Œ Beautiful wedge pattern breakout did and kind of retested too made a bullish closing last Friday too
πŸ“Œ on 30min TF a good breakout of the consolidation can be trade activation for 10 to 12% from those levels
πŸ“Œ SL of 3% will be good enough as the buying pressure is making wicks from the downward side
πŸ“Œ Trade as per your setup now and risk should be well defined and cared too, Good luck :)


βŒ› Motivational and psychological area βŒ›

✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)


πŸŽ“πŸŽ“ Some info about me :)

➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.

β˜ƒβ˜ƒβ˜ƒβ˜ƒ Thank You Have a Nice Trading Day β˜ƒβ˜ƒβ˜ƒβ˜ƒ

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