Averoy_Apoorv_Analysis

12% Rites breakout - Backtesting my swing

Long
NSE:RITES   RITES LTD
👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥

👑 Strategy :
- Parallel channel
- Higher lows inside the channel
- respecting a good trendline supportive one inside the parallel channel
- good breakout with good candle and volume too
- gap not sustained and then accumulated there and now a breakout = good sign of breakout creation
- let's see if the market supports it or not !!
- Backtesting with small qty
- Make your setup on it use extremely less capital and lets hammer it out with good profits :)

⌛ 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 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.

☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Telegram for more ideas and discussions for all( Join before you lose the game ) - https://t.me/hashtaghammer

2000RS Course that will change everything -
https://www.hashtaghammer.com/

Comments

Aaj energy kam hai apoorv aawaz main..are you well?
+2 Reply
@Munchkunster, Ya bro :) all good as I just woke up, thanks for asking
Reply
Dost tabiyat theek nahi hai aspki.....Take care..
+1 Reply
@akbhatia62, Thanks for caring bro :) I will
Reply
great sir, Love u such nice video.
+1 Reply
@kndwldhrj91544, Thanks bro :) will try to keep you satisfied by my learning
Reply
Granules to ud chla 😃😍
+1 Reply
Averoy_Apoorv_Analysis bhawnacilnical22
Reply
Hey one question about the "air in the pattern" point you made.. Is it that if there is lot of air above the price action then we need a bigger breakout to be sure (because price has been hugging support and we need more conviction) or would it be the same if let's say price is hugging the top of the pattern mostly and leaving air below?? (Considering we are analysing a bull case here)
+1 Reply
@Munchkunster, Price with air gap is completely my approach to make it understandable that this pattern might give a fake BO, If you see a lot of air inside a pattern do look for other patterns near BO and do look for other reasons to trade it and not to, also SL in these stocks might get triggered too so be cautious :)
+1 Reply