Hi Traders/Investors, Last week I mentioned in my post point no. 2 for your consideration " for investor this is right time to invest in this scrip. traders I made red dotted line til price do not take it out , no short buy on dips is good strategy for this stock. in coming days 2 nd target will be achieved." This is what I shared crystal clear. Though some traders bought on resistance out of aggression and then kept me posting that what should they do now position in loss. Dear traders when you can not control your emotions being shared trade when to enter i.e buy on dip . Did you get dip to enter . No you yourself put in this situation and wanting relief. Think over it can you get. This way you convert your losses into hope trades waiting red dotted line as a rescue level. If in any case is taken out then.... There is nothing sure in stock market. This language of trading is probability. Where a trader search a best probable trade. Not confirmed trade . This is highly ridiculous to think in this way. Even best probability trades need stop loss. No body in this universe expect taking entry is 100% sure about positive outcome. So change your perception about stock market. Since Those who want to enter long they should consider red dotted line as sl and get long side positions til that red dotted line is breached with the 1st target of red solid line and if it is taken out then second target of blue zone. For new followers and readers there is difference between breached and taken out , That I have explained many time in my various post. Attaching post where you can understand in detail. But in daily case you have to see in daily candle with 4hrs candle. See I talked about breach of red dotted line means exit from long but trend will only change to down down side when taken out condition will be met.In case taken out is not met and price return into red dotted line again buy can be initiated generally this is the sign of rejection and maximum time we see rally in this situation. I think I have made all conditions crystal clear. If you again go wrong then My suggestion is to make your base for trading then come into this field. Investor can invest at this stage with 60% capacity. Rest market will decide. YOGESH VATS
Note. All decision should be taken for investment and trading by consulting your consultant. I can be wrong any day any time.
Good work
Thanks for attaching the article.
Kindly also attach or tell which post has gap up gap down conditions.
Deepen007
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True sir.....even I bought SBI shares on hope knowing I'm buying at high price( 97) resistance. I'm not blaming you sir but one of the reason I was tempted to buy coz you had mentioned that it can go up to second target. Yes, I know u had mentioned to buy on dips but it's all emotion you know.
Later I booked loss since I couldn't bear more pain
yvatsji
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@deependramgr, every statement has to be seen in right context. Away from emotions only on chart grounds.That what everyone has to adopt.
pab751
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Hi, @yvatsji . Would a technical analysis on HUL be possible. :)
shettyg1970
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wonderful explanation . very crystal clear with what to do and most important what not to do. Keep up the good work.God bless
yvatsji
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@shettyg1970, thanks for appreciation and specially blessings.
arunindy
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Sir...Very nice analysis. I am a beginner and was not able to understand "no short buy on dips is good strategy for this stock" - does that mean not to buy on dips? or means no short (as in sell) but buy on dips? Thxs.
Rohaningle
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@arunindy, "traders I made red dotted line til price do not take it out no short. Buy on dips is good strategy for this stock" now read this again. this means right now don't do short sell unless the price goes below red dotted line. however, the stock is expected to go up so buy the stock when it goes down (buy on dips) @yvatsji I hope I interpreted this correctly.
arunindy
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@Rohaningle, Thanks for the explanation and now able to understand. I guess it would be the same interpretation by the author (yvatsji). I got confused because there was a comma followed by no short buy on dips.
yvatsji
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@Rohaningle, I love how fantastically you understood condition and helped co-trader @arunindy by saving my time. thanks..
Thanks for attaching the article.
Kindly also attach or tell which post has gap up gap down conditions.