Reliance Future Weekly Technical Analysis for 16 to 20th of Dec.🚀 Unlock the potential with my Reliance Future Weekly Technical Analysis for 16 to 20th of Dec., 2024!
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📍 Range Trigger Point (WRTP): 1281
📅 Weekly Range: 80
📈 Long/Buy Position
🔹 Buy Above: 1292
🎯 Target 1: 1330
🎯 Target 2: 1361
⛔ Stoploss: 1265
📉 Short/Sell Position
🔹 Sell Below: 1273
🎯 Target 1: 1232
🎯 Target 2: 1201
⛔ Stoploss: 1299
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📊 How to Trade with Numro Trader Weekly Levels
Buy Setup
🕒 Wait for a 1-hour candle to close above WRTP or Buy Above level.
📈 Confirm breakout with a candle breaking the high of level breaking candle.
🛒 Enter buy order at exactly of active level (WRTP or Buy Above).
🎯 Target 2 (if coming from WRTP) or Target 1 (if coming from below WRTP).
⚠️ Avoid re-entering after hitting the target.
Sell Setup
🕒 Wait for a 1-hour candle to close below WRTP or Sell Below level.
📉 Confirm breakout with a candle breaking the low of level breaking candle.
🛒 Enter sell order exactly of active level (WRTP or Sell Below).
🎯 Target 2 (if coming from WRTP) or Target 1 (if coming from above WRTP).
⚠️ Avoid re-entering after hitting the target.
#RelianceFuture #WeeklyTrading #StockFuture #NumroTrader
Beyond Technical Analysis
Trading CANNOT Generate MONTHLY INCOMEWhen it comes to trading, many people envision it as a fast track to consistent monthly income. The idea of making a predictable, regular amount of money every month is alluring, especially in the world of day trading or intraday trading. But while the potential is there, focusing too much on generating monthly income from trading can quickly lead to frustration and even financial loss. Let’s break down why this is the trap and how to avoid it.
1. Volatility Makes Consistency Hard
One of the main reasons monthly income from trading is a trap is the inherent volatility in the markets. The market is unpredictable, and prices fluctuate based on a variety of factors, from economic reports to geopolitical events. If you’re looking for consistent returns month after month, you’re setting yourself up for disappointment. Even professional traders who have years of experience deal with large variations in their profits month to month.
2. Risk Management Becomes Secondary
In the pursuit of consistent monthly profits, traders often overlook the importance of risk management. They become desperate to meet monthly income goals and may take larger-than-usual risks, which can backfire. Trading is about probabilities, not certainty. Risk management must remain the top priority, even if it means taking fewer trades or accepting losses when the market conditions aren’t right.
3. Psychological Pressure
The pressure to make money every month can be psychologically taxing. When traders don’t hit their income goals, they can feel demotivated, frustrated, and anxious, which can cloud their judgment and lead to poor decision-making. This emotional rollercoaster can cause traders to deviate from their well-thought-out plans and strategies, leading to bigger losses.
4. Inconsistent Performance
Traders who focus too much on monthly income often ignore the fact that trading performance is naturally cyclical. Some months will be better than others, and periods of drawdown are a normal part of the process. By expecting monthly profits, traders may miss out on the bigger picture and fail to understand that trading is a long-term game.
5. Better Alternatives
Instead of chasing monthly income, a better approach is to focus on developing a solid trading plan, refining your strategies, and managing risk effectively. By treating trading as a business rather than a job with a monthly salary, traders can avoid the trap of unrealistic expectations. Remember that trading is about consistency over time, not about monthly income.
Conclusion
The trap of monthly income in trading is a dangerous mindset that can lead to poor decision-making and unnecessary stress. While the goal of making money in the markets is valid, it’s crucial to remain patient and realistic about the outcomes. Focus on honing your skills, managing your risk, and understanding that the market will not always deliver monthly profits. The key to success in trading is consistency over the long term, not a monthly paycheck.
Nifty - Outlook for 3rd week - December 2024Nifty Current spot is at 24781.30
1. Strong Hammer is formed on 13th Dec
2. Inside Bar pattern range is 550 Points
3. If upside range is broken and sustains on a Daily closing basis above 24860, Nifty might test 25220 and 25435
4. Upside movement might be limited to 25650- 25950
BANKNIFTY 2HRSWING TRADE
- EARN WITH ME DAILY 10K-20K –
BANKNIFTY Looking good for Upside..
When it break level 53898 and sustain.. it will go Upside...
BUY @ 53898
Target
1st 54508
2nd 55282
FNO
BANKNIFTY DEC FUT – LOT 10 (Qty-150)
BANKNIFTY DEC 53300 CE – LOT 10 (Qty-150) – PRICE (715)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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Sheela foam - Turnaround candidate - Promoters buying. 970+
SHEELA FOAM MNGMT SAYS Demand Is Good, Wedding Season Has Seen Good Traction So Far
FY25 Revenue Growth Would Be Close To 10%, H2 Should See 13-15% Growth , Will Get To ₹1,000 Cr Annual Run-Rate For Kurlon By Q4
Market Share Of Consolidated Entity In The Organised Space At 30%. Margin For Kurlon Targetted At 12-13%
AS of 13 Decemenber - Promoter Rahul Gautam has been buying consecutively from open market consefor few weeks.
One can enter above 970 for targets of 1300/1600. SL of 850 with two possibilite of price movements as plotted on chart.
Disclaimer : Educational Post. Please do your own research.
If you like my work, do boost my post.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in VIDHIING
BUY TODAY SELL TOMORROW for 5%
DCM Limited Exhibiting good Price Action. Risky proposition.
Microcap company.
Exhibiting good Pricie Action.
-Rounding Bottom.
-Darvas Box Breakout
-Breakout with Huge Volume.
-Wide Range Clean candle without any wick
-Dry volume when pulling back.
-Break Away Gap.
We talked about the positives now let's dwell on the negatives.
-Ideal entry missed.
-micro-cap company which increases the risk
One can trade it in 2 ways.
1. Wait for a retest of 113 levels. Add 30%-50% now and add the rest after retesting.
2. Wait for a breakout of 146, which is the ATH.
Keep SL low of the break-out candle.
Selecting this stock mainly for
-The volume
-Good clean candles.
-Break away Gap
I have laid out the possibility. Now it is time for you to do your due diligence. Remember this is a risky trade. Do not trade solely on tips. Enter only if you understand the Risk, the price action and the company.
Peace...
Positional call - LONG positionIn the chart, the price has retraced back to its original point of displacement ( where the price saw a sudden spike ), followed up with volume dry up indicating the institutions might still have some pending orders in the market waiting to be executed at the same price.
Be a LONG TERM WINNER Think Like a Casino Owner: Master the Psychology of Trading
If you want to win in trading, stop thinking like a gambler and start thinking like the casino.
Here’s why:
Casinos lose money to players all the time, but do they panic? No.
Why? Because they know one thing: the edge is on their side.
They don’t care about a single hand, a single spin, or a single bet. Over thousands of outcomes, the casino always wins.
---
What Does This Mean for Traders?
Most traders treat the market like a gambling table.
- They want instant wins.
- They take losses personally.
- They throw discipline out the window when emotions take over.
But successful traders? They act like the house.
Here’s how you can think like a casino owner and win consistently:
---
1. Focus on Your Edge
The casino’s “house edge” might be as small as 1-2%, but that tiny edge ensures massive profits over time.
For traders, your edge could be:
- A tested strategy with a positive risk-reward ratio.
- Clear entry, exit, and stop-loss rules.
- Consistent risk management where one trade never wipes you out.
Your job is to keep executing the edge without worrying about short-term outcomes.
---
2. Losses Are Part of the Game
Imagine a casino manager losing Rs.10,00,000 to a lucky player. Does he close the casino? Of course not.
He knows the house edge will win that money back over the next hundred players.
You must treat losses the same way.
- Every loss is a cost of doing business.
- A single losing trade means nothing when your system works over 100 trades.
As long as you follow your plan, you’re still the house—and the house always wins.
---
3. Control Your Risk Like a Pro
Casinos never allow a single player to bankrupt them. There are table limits, checks, and balances.
Traders need the same safeguards:
- Position sizing: Never risk more than 1-2% of your capital on a single trade.
- Predefined stop losses: Know where to exit before you even enter a trade.
- No exceptions: Follow your rules no matter what the market does.
The key? Never let a single trade decide your future.
---
4. Think in Probabilities, Not Certainties
Casinos don’t “hope” to win. They rely on probabilities.
Similarly, trading is not about predicting the market; it’s about managing probabilities.
- You will lose some trades.
- You will win some trades.
What matters is the overall outcome:
- If your wins are bigger than your losses, you’ll be profitable.
- If your process is repeatable, the odds will play out in your favour.
---
5. Detach Emotionally from Outcomes
A casino owner doesn’t get emotional when they lose a bet—they’re focused on the big picture.
As a trader, you need to detach from:
- The thrill of a winning trade.
- The pain of a losing trade.
Instead, focus on:
- Following your system.
- Sticking to the process.
- Executing your trades like a business, not a gamble.
---
The Big Takeaway
If you want to succeed in trading, stop thinking about this trade.
Start thinking about 100 trades.
- Losses are inevitable.
- Wins are inevitable.
What matters is how you manage the edge and the risk.
Like a casino, you’re not here to win every spin—you’re here to make sure the numbers work in your favor over time.
---
Remember:
- Amateurs chase wins.
- Professionals chase consistency.
The market doesn’t reward gamblers—it rewards those who think like the house.
So, ask yourself:
Are you playing the market, or are you running it like a business?
Drop your thoughts below.
Let’s talk about building a trader’s mindset.
Nifty Decoding 13/12/2024 Short viewWe have almost reached the target in 4 days. max downside possible around 100-150 points for this week. Today also short view but you can scalp 50 60 points and close the trade and enjoy weekend.
TRADE RESULTS :
ALL 4 DAYS PROFITABLE AS OF NOW WHOLE WEEK SHORT BIASED AND EXECUTED SUCCESSFULLY.
ADANI GREEN ENERGY: Consolidation Phase with Key Levels to WatcMarket Overview:
ADANI GREEN has recently entered a consolidation phase, with price action fluctuating within a defined range. This analysis will examine potential entry points, target levels, and stop-loss placements based on the current technical setup.
Technical Analysis:
Price Action:
The stock has seen a significant drop, but it has recently bounced off a key support zone around ₹1,200.
A bearish channel is visible, indicating ongoing pressure but potential for reversal.
Key Levels:
Support Level: ₹1,200 (recent low)
Resistance Level: ₹1,300 (recent high)
Volume Analysis:
There has been a spike in volume during the last trading session, suggesting increased interest, which could lead to a breakout or further consolidation.
Chart Pattern:
The chart indicates a descending channel, with potential upward resistance. Watch for a breakout from this pattern to gauge market direction.
Trade Setup:
Entry Point: Look for an entry if the price breaks above ₹1,250 with strong buying volume, indicating bullish momentum.
Target Price: Set a target at ₹1,300, coinciding with recent resistance levels.
Stop-Loss: Place a stop-loss at ₹1,180 to limit potential losses, just below the recent support level.
Conclusion:
ADANI GREEN is at a crucial juncture, and monitoring the breakout from the current consolidation phase will be key. A strong volume break above ₹1,250 could signal a bullish move, while failure to hold the support at ₹1,200 may suggest further downside.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please perform your own research and consider your risk tolerance before making trading decisions.
Reliance breakout retest zoneAfter wonder descending wedge pattern breakout ..reliance again retesting the wedge pattern breakout level.. best entry for upside potential.. dec closing yearly closing . In last 9 year history reliance didn't gave any negative return. Right now yearly -2.43% return going on.. motabhai magic will lift this negative return nd turn out to b 4-5% positive side . Finger crossed for upside potential.
XAUUSD Swing View on Larger Time FrameXAUUSD bearish from SWING point of view on larger timeframe. Bearish order block is marked from 4H time frame and an imbalance beneath it is marked in 1H time frame which is unfilled and fresh. A sharp institutional downside move can be expected from that imbalance and target can be lower liquidities.
Nifty - Intraday key levels for 13.12.24Nifty - Intraday key levels for 13.12.24
1. Inside Bar pattern
2. Still candles are trading within the Mother candle range (High and Low)
3. Whichever side it breaks, we might see almost 500 points rally
4. Wait for Hourly closing candle confirmation
Thank you.
Regards
Bull Man
More LabChart is self explanatory
Already broken out of trendline........
Entry trigger activated..........
Keep strict stoploss at exit and then trail as per movement........
Breakout into skyzone will ensure stock to rise immensely so targets are just incase market comes in hefty pressure
Just for information purpose. Invest as per your financial advisor
max profit minimum time opportunity (value investing)Entry Price: The entry price should be between ₹3700 and ₹3900.
Target Price: ₹5910 (35% upside potential)
Sell Signal
between -10 and -15
Hold Signa
ranges between -10 and 10
Strong Buy Signal
exceeds 10
sector - gold and jewelry
NSE:SKYGOLD
:Sky Gold Limited is engaged in the business of designing, manufacturing, and marketing gold jewellery
:The company has reputed clients like Malabar Gold, Joyalukkas, Senco , Khazana Jewellers, Khimji, Kalyan Jewellers, GRT, Istaara etc.
The company's previous financial reports indicate continuous and strong sales growth
The quarter-on-quarter (QoQ) average sales growth in the last four quarter is 30%, while the year-on-year (YoY) average sales growth over the past two years stands at 46%. Additionally, the company has consistently improved its profit margins on a YoY basis.
The company's EPS has also shown remarkable growth alongside its profit and sales. In the financial year 2022-23E PS grew by 9%, followed by an impressive 76% growth in 2023-24. In the current financial year, EPS growth has reached 96%
peer base valuation
The company's P/B ratio appears undervalued compared to top peers. However, many of its peers are outperforming it in terms of P/B ratio performance.
The company's P/E ratio is significantly higher than the industry average but considerably lower compared to the major players in the industry.
Its EPS growth in the previous quarter has been the highest among its peers.
The company's sales growth is also the highest in the industry,
its EV/EBITDA is much lower than that of market leaders.
Additionally, the company's ROE is better than many peers in the industry, although it still lags behind the industry leader's ROE.
:share holding changes
The company's promoters have been continuously reducing their stake since the September quarter of the previous year. Their holding, which was 73.55% in September 2023, has dropped significantly to 58.24% by October 2024, which is a concerning trend.
On the other hand, FIIs, which held 0% in September 2023, have steadily increased their stake over the last four quarters to 1.38%. Additionally, DIIs have acquired a 6.31% stake in the recent period, indicating strong trust from major investors, which is a positive sign for the company.
estimate for q3
Recently, several news portals have reported that 46 lakh weddings are expected to take place in India during November and December. Given that gold accessories are heavily purchased during Indian weddings, the upcoming quarter could be highly favorable for the gold sector.
This presents a significant opportunity for the company to expand its market. However, it is important to note that the company primarily focuses on lightweight jewelry, while heavier jewelry is typically preferred for weddings.
That said, the company's B2B business model, which involves selling jewelry to stores and online platforms that further sell to end consumers, provides growth in this high-demand period.