8 week flag in progress. Getting beaten back from 1360 every time
Waiting for earning? Be ready to jump on if earnings are beaten - stock will cross 1400
If earnings disappoint then be ready for sell down and settling around previous base of 1200
Disclaimer - 95% of derivatives trades in India lose money, as per SEBI stats. That means just 5% of the traders take every other trader's money. Most social media influencers are not in the top 5%, and most online trading tips are random. So please be careful following anyone's (including my) advice.
Waiting for earning? Be ready to jump on if earnings are beaten - stock will cross 1400
If earnings disappoint then be ready for sell down and settling around previous base of 1200
Disclaimer - 95% of derivatives trades in India lose money, as per SEBI stats. That means just 5% of the traders take every other trader's money. Most social media influencers are not in the top 5%, and most online trading tips are random. So please be careful following anyone's (including my) advice.
Comment:
Interesting - earnings were actually good and the stock sold off. So ideally it shud now base again and get ready to go. Still observing it - no action for now
Comment:
Well its broken out - many people cudnt get on as it reacted (falsely) to the downside - shook out most of the people and then took off. Interesting. Anyway - look for opp to buy this (PS - tata motors taking off too)
Comment:
Results were good - its consolidating gains and holding high
This is a buy
This is a buy
Comment:
Here we are at 1400 - although suggest holding 50% of the position for more gains / square off half
Best advice ever - Cut your position size by half.
