For more Ideas go to the bottom of this post --> ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :) ✺✺ Target: 1000 Followers ✺✺
-> Logic: On supportive trendline, a break of 245 levels can give 10% on upside, Only on D close candle that too bullish
✺IMPORTANT POINT: Firstly do your analysis then only think of this trade and set the risk first, only that amount that you are willing to lose and will not get affected even if you lose it and also that amount if you lose it you won't curse me if the analysis flops hahaha just kidding, jokes apart, be patient to capture the movement and be impatient to get out if its a losing one and SL is triggered, don't put tight SL rather use less capital
✺--------------------------- Motivational and psychological area ✺
✣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 :)
✺------------------------------------ Some info-------------------------- ✺
➼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.
Hi bro is your view still bullish on it or should we exit?
Averoy_Apoorv_Analysis
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@niceLizard49972, Bro it's bearish on both the D chart and 1hr chart too, although it's on super support, trade as per your risk management
niceLizard49972
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thanks for your support bro should I put a stop loss at 324 and forget it for few days
surku9876
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have mother-son sumi 1 future lot at 247.4.. already at 234.40... any suggestion? should I sell and leave?
Averoy_Apoorv_Analysis
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@surku9876, really sorry for the late reply as the market closed, I was in the middle of my exams, If you see the red loss is making you uncomfortable then just leave the trade exit it :) and find other one in some time not instantly after, according to my reading its volatile now as it closed below the trendline with buying in last minutes
surku9876
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@Averoy_Apoorv_Analysis Mothersumi shows all signs of a break out upwards till now? But I got your suggestion, thank you.👍
Averoy_Apoorv_Analysis
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@surku9876, A good SL would be 225 but if you can't hold that much on a fut lot simply exit, also I wrote it in the description that let it close above the line on D chart with some bullish power which it didn't
@surku9876, If you draw a Fib Ret. it's taking support at 230 and it's resistance is at 248. You need to keep an eye that it doesn't close below 230. It's probably going to move sideways for a few days before pushing up. Keep an eye on NIFTY (might retrace in the next few days) and SENSEX. But F&O is a different ball game that I do not trade in. If you do not want to risk it, jump out.