SBI CARDSHello & welcome to this analysis
Stock has been a major underperformer continuously making lower high and lower low.
In the immediate short term it needs to start sustaining above 720 to witness short covering and then above 750 it could witness institutional buying.
Failure to hold 690 on daily an 680 on weekly basis could lead to further weakness.
All the best with your investing and trading
Chart Patterns
Scanner shows - IRFCKeeping the faith on my scanner and investing in its throwup, i have decided to put in money on IRFC today, hoping to make good as my last trade. (though did not put in other two power sector companies which my scanner had given; and they did make good money). This is a swing trade - few days to a month or so holding period.
Nifty Breaks Out After Days of Range-Bound Trading, What's Next?After more then two weeks trading in a zone 24000-24350 levels nifty finally breaks out from the range.
On uppers side there is a gap which NIFTY is halfway and looks like it will fill the gap as well!!
Gap is from 24700-24300 level
Major support zone is at 24100 levels.
This week should see NIFTY hitting 24700 and also 24450 levels as well. Which one will come first is wat we have to see. !!
How to Journal as a Trader or Investor on Trading View ? Summary of this video
There could be Two types of people Journaling, one who is daily journaling and one who is weekly journaling; both will do the job.
You can make two notebooks for the same: Feelings-based Journal and Stats-based Journaling.
Both serve different purposes.
A feeling-based journal helps you to create a daily habit of writing some compulsory things like pre-market, vix, post-market, and setups, and ask why in terms of positions - if taken and if not taken, whereas to get into the habit of writing a feelings based journal also dig deep into some really important terms like cpi inflation, ppi of some significant economies which effects your markets. These things won't affect your trading, but such add-ons help you give a direction to your journaling power.
A Stats-based journal contains different columns, as told in the video; feel free to add more of your favorite ones and change them as you wish, but every single trade should be respected in such a manner. Journal every single trade like this in terms of numbers. Remars is very important in this journal as it will guide your Fear and Greed.
In conclusion, Finally, if you can do this for at least one month, you will see good results, but what exactly do you have to see?
After one month, read your first-day feeling journal and the first two or three trade remarks. You will be amazed to see how silly mistakes you made in the past or how efficient you were back then and now you are making those mistakes; either will help you grow in mindset and profitability. It enables you to become a better trader by 1% daily.
Feel free to put more ideas and thoughts below in the comment section. Good luck journaling
Nifty at a Glance: This Week's Market MomentumNifty Outlook: A Pivotal Week Ahead
Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850.
Adding to the bearish tone, Nifty has broken down from a Rising Wedge pattern, with a potential target around 21,300. This week is critical—watch these levels closely as the market navigates this pivotal phase.