ART
Gandhiji - Quotes for Traders
“Happiness is when what you think, what you say, and what you do are in harmony.” ― Mahatma Gandhi
(---A STRATEGY DISCIPLINE is when what you think, what you say, and what you do are in harmony.
“The future depends on what you do today.” ― Mahatma Gandhi
(---if you want to be profitable in future, star working hard today)
“Earth provides enough to satisfy every man's needs, but not every man's greed.” ― Mahatma Gandhi
(----Markets provides enough to satisfy every man's needs, but not every man's greed))
“To believe in something, and not to live it, is dishonest.” ― Mahatma Gandhi
(--- To believe a STRATEGY , and not to FOLLOW it, is dishonest ))
“You must not lose faith in humanity. Humanity is like an ocean; if a few drops of the ocean are dirty, the ocean does not become dirty.” ― Mahatma Gandhi
(--- You must not lose faith in your STRATEGY . STRATEGY is like an ocean; if a few TRADES of the STRATEGY are losses , the STRATEGY does not become dirty.
“There are people in the world so hungry, that God cannot appear to them except in the form of bread.” ― Mahatma Gandhi
(---There are people in the MARKETS so in LOSS , that God cannot appear to them except in the form of STOPLOSS. ))
“Whatever you do will be insignificant, but it is very important that you do it.” ― Mahatma Gandhi
(--- STRATEGY BACKTESTING you do will be insignificant, but it is very important that you do it. ))
“I will not let anyone walk through my mind with their dirty feet.” ― mahatma gandhi
(--- I will not let anyone walk through my mind with their dirty TIPS )
“Each night, when I go to sleep, I die. And the next morning, when I wake up, I am reborn.” ― Mahatma Gandhi
(--- INTRADAY :D )
TATAMETALI Camel NeckTATAMETALI has been respecting a long term neckline . Currently testing the neck again. Awaiting a breakdown or reversal.
Without the camel-->
The Budget Blog: Inviting your insights on budget
Now that the BIG EVENT is past us, i'd like to invite their "insights" about the budget and how all the info can be translated into stocks and investments etc.
SO THAT OUR TV COMMUNITY CAN BENEFIT FROM IT.
Your views about NIFTY, BANKNIFTY, RBI and BUDGET in general wud be appreciated. LIke how nifty can progress from here. Or how you are focusing on some sectors and How you think things can unfold in near future.and stocks on radar this year. ANYTHING that your heart says (also your brain)
Cold readings / excerpts from Finance Pages like moneycontrol / economics times etc -->
###WINNERS###
AGRICULTURE & RURAL-
It also delivers more money for rural areas, including irrigation projects and aquaculture projects and SOlar. Agriculture-focused companies such as Shakti Pumps India. UPL with presence across agri-input value chain from seeds to post-harvest chemicals will be a key beneficiary from this. Escort Ltd (EL) will be a direct beneficiary owing to the government focused approach to encourage farm mechaniz
Health Care Providers -
The government's new flagship National Health Protection Scheme, which aims to insure as much as 500 million people for up to 500,000 rupees a year of care, could benefit companies such as Apollo Hospitals Enterprise Ltd., India's largest hospital company, as well as Fortis Healthcare Ltd.
Transport Companies -
With Jaitley promising record infrastructure spending on roads and railways, construction and engineering firms could benefit. That includes Larsen & Toubro Ltd., Hindustan Construction Co Ltd., NCC Ltd., IRB Infrastructure Developers Ltd., Dilip Buildcon Ltd.,
Housing-
Among other major initiatives budget has proposed the creation of affordable housing fund under NHB. This will benefit all affordable housing players like Mahindra Lifespace, Ashiana Housing etc.and affordable housing financiers like Gruh Finance, DHFL, and Can Fin Homes.
Infra & Construction-
FM has allocated an extra-budgetary support of Rs5.97 lakh crore.
Higher allocation in infrastructure segment will aid many industries i.e. metals, cement, building materials, etc.
Airports-
Considering this, the proposal for increasing the capacity of 124 airports by 5 times is expected to boost the number of flights operated, higher traffic growth and operational efficiency. Indigo will be a key beneficiary from this move given in 40% in Indian aviation sector.
####LOSERS###
Bond Investors -
Bond investors drew some relief from a lower than expected borrowing program. Nevertheless, the relief could prove short-lived. India missed its fiscal deficit target of 3.2 percent, saying its targeting a 3.5 percent target for fiscal 2019. Big bond investors such as India's state-owned banks could be
hit as yields go even higher than the the 96 basis points they climbed in the past six months. But RBI is planning to something about it in near future.
Financial Sector-
The government's decision to impose long-term capital gains tax on equity investments may dent investor sentiment for financial services companies, life
insurers and providers of mutual fund products including IDFC Ltd., Reliance Capital Ltd., Aditya Birla Capital Ltd., ICICI Prudential Life Insurance Co Ltd., HDFC Standard Life Insurance Co Ltd., General Insurance Corp of India
Defense Sector -
There was no indication of a huge boost to defense spending. Companies such as Bharat Forge Ltd. may not see a boost.
Crypto Currency-
Jaitley said that the government will do everything to discontinue the use of bitcoins and other virtual currencies as payment mode.?
He said India does not recognise them as legal tender and will instead ENCOURAGE "blockchain technology" in payment systems.
(Not to create a panic or anything but do your own research :)
thewire.in
A good Technical Insight of the NIFTY & Budget by @indiamarketoutlook -->
10 FLAGS on Republic DayFollowing are the 10 flags formed on the hourly timeframe .After a good rally last week creating long poles, yesterday's pullback created the flags.
Well there are lot of people coz they are THE PUBLIC of The REPUBLIC
TECHM - Hourly
CEAT- Hourly
KPIT- H
DHFL-Hourly
AXIS BANK -H
NILKAMAL - H
IBULHSGFIN- H
ADANI POWER - Hourly
BHEL- Hourly
AMARAJABAT Neckline BreakoutAMARAJABAT completed the head n shoulders and a round bottom. Currently on the support resistance zone awaiting a breakout or reversal. to make the handle. of the cup
Without the ghost of Charlie Chaplin-->
The Jungle Book 2017Its been a fun year with all you guys and all the charts. With few animals around, thought i wud compile them into THE JUNGLE BOOK: A guide to ANIMAL PATTERNS :D
ALso i'd like to mention a few of the few_too_many cool people out in this jungle of charts.
======BravetoTrade
For his great insight and extraordinary Educational posts,BravetoTrade has been producing the top notch stuff all along. Be it a new strategy or keen analysis or pure technical jargon, supplied with length of examples , clear rules and visual aids. Its worth treasuring.
======AbhishekhSinghCMT
For longest times I was wondering what CMT stands for in AbhishekhSinghCMT, jusyt to notice the ABOUT ME section on his profile which tells that its Chartered Market Technician. Its a course and certification. ALso hes an Elliotician, which explains his Wavey_charts. All those TITLES under his belt,it clearly reflects in his excellent leg by leg analysis that can last upto an year.Not to forget his crisp accent in the videos :D
=====Neetesh Jain,
A one candle army, (as in one man army) is what i call neetesh jain, coz all his charts boils down to one candle that decides it all for him. I dont think theres any doubt in anyones mind about his skills and clean charts. Putting out array of ideas with precision and perfection.
=====Bearishbull,
Bearishbull, the oxymoron in the name shouldnt fool you that this guy is in dilemma.For hes clearly the ALL TIME TOP AUTHOR and for a reason.Probably the most simplistic version of the suppport/resistance one can find out there. Based on but a few daily candles, he knows if its a bull or bear without a shadow of doubt
=====AkshatPatwa
A positive divergence on his relative strength index vs no.of charts is clear. With least number of charts, he has reached the top of the list , that tells one something.His minimilistic charts and habbit of taking all 3 targets makes it for him.
========Shiv2798
Shiv, with his long term predictions and anticipated moves in future, he holds a distinct style that one wud like to acquire. Practicing A lot of patience waiting for deep pullback to find the prefect time.
============InsiderB
Currently in Hibernation,insiderB should defnitely make the list, for his oh_that_makes_sense patterns and his play with the words.Generates a lot of excitement and fun with his ideas, to be matched by a few.
=========Ashish CHauhan
Now In hibernation, His impeccable skills on the small timeframes made him the king of Intraday back then.
=========AparnSidzz
Aparn sidzz with his Nice and easy_on_the_eye charts, sticking to the basics and following them with textbook rules makes his ideas easy to follow.
==========KumarAbhilash
Kumar abhilash A man of few words but a lot of wisdom reflecting in his simple and sweet and effective charts.Trendlines and basic patterns used optimally to put forth a series of cool charts.
=== Welcome to the Jungle===
Take the first step
Krishna in the jungle
and his cow