Get started

Community ideas

An Analysis in Harmony Top-Down Approach chart studyHello Friends, Today, we have something special in store as we take a top-down approach to analyze a specific stock - Tata Communications in the world of trading. By employing this multi-time frame method, we'll be diving into various charts, starting from the big picture down to smaller timeframes. Before we begin, please remember that trading carries risks, and past performance does not guarantee future results. The analysis we're about to discuss is for educational purposes only and not financial advice. Alright, let's kick off our analysis with the big picture - the monthly chart of Tata Communications. Here, we've identified an exciting Elliott wave count - the third wave of the fifth wave. According to Elliott wave theory, markets move in a series of five waves in the direction of the main trend, followed by three waves in a corrective direction. The third wave is well known for its strength and often the longest in a trending market. So, on the monthly chart of Tata Communications, we're witnessing this powerful third wave within the fifth wave, indicating potential significant moves ahead for the stock. Next, we'll move down to the weekly chart to gain more insights. On this timeframe, we observed a thrilling development - the "inverted head and shoulders" pattern. This pattern aligns perfectly with the larger Elliott wave count on the monthly chart, supporting the idea of a trend reversal and a potential new uptrend for Tata Communications. Finally, we'll zoom in even closer to the daily chart. Here, we have another intriguing pattern - a "flag and pole" pattern in the forming stage. This daily pattern further reinforces the notion of an upcoming bullish move for Tata Communications, in line with both the weekly inverted head and shoulders breakout and the monthly Elliott wave count. On daily time frame Flag and pole chart patterns, flag in formation and still breakout is pending By utilizing the top-down approach, we've gained a comprehensive understanding of Tata Communications' potential direction. The monthly Elliott wave count provided us with the big picture, the weekly inverted head and shoulders confirmed the trend reversal, and the daily flag and pole pattern hinted at a continuation of the upward movement for the stock. But remember, trading involves risks, and there are no guarantees. So, it's essential to approach it with caution and use risk management strategies to protect your capital. In conclusion, we've taken a top-down approach to analyze Tata Communications, considering the monthly Elliott wave count, the weekly inverted head and shoulders breakout, and the daily flag and pole pattern in the forming stage. Keep a close eye on these patterns and the stock's price action, and remember to trade wisely and make well-informed decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Thank you for joining us on this exciting trading journey ! Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:TATACOMMEducation
by RK_Chaarts
23
Peter Lynch's Philosophy of Stock InvestingWho is Peter Lynch? Peter Lynch is a renowned American investor who is best known for his tenure as the manager of the Magellan Fund at Fidelity Investments from 1977 to 1990. Under Peter Lynch's leadership, the Magellan Fund became one of the most successful mutual funds in history. During his tenure, the fund averaged an annual return of around 29% , consistently outperforming the S&P 500 index. In the US, in 1960, individuals allocated 40% of their assets, including their homes, to stocks and mutual funds. By 1980, this figure dropped to 25% and has further decreased to a mere 17% in coming years. Lynch attributed this decline to people's flawed methods and their tendency to lose money when attempting to invest without proper knowledge. Peter Lynch's performance as the manager of the Fidelity Magellan Fund: Average Annual Return: During Peter Lynch's tenure from 1977 to 1990 , the Magellan Fund achieved an average annual return of approximately 29%. This means that, on average, investors in the fund experienced a 29% annual growth in their investment. Cumulative Return: Over the course of Lynch's 13-year management, the Magellan Fund delivered a cumulative return of around 2,700% . This impressive figure indicates the overall growth of the fund's value during that period. Assets Under Management: When Lynch took over the Magellan Fund in 1977, it had approximately $18 million in assets. By the time he retired in 1990, the fund's assets had grown to over $14 billion , a significant increase over the span of just over a decade. Peter Lynch's Investment Philosophy Peter Lynch's investment philosophy is centered around the idea that individual investors can achieve successful results by leveraging their own knowledge , conducting thorough research, and adopting a long-term approach. His books, such as "One Up on Wall Street" and "Beating the Street," provide valuable insights into his investment strategies. 👉 Do Your Own Research: Lynch encourages investors to conduct thorough research and analysis of companies before making investment decisions. He emphasizes the importance of researching companies and understanding their products and services. 👉 Invest in What You Know: According to Lynch, it is crucial to focus on industries and companies that individuals can relate to or understand. He believes that individual investors have an advantage when they invest in businesses they are familiar with or have personal experience in. 👉 Focus on Fundamentals: Lynch places a strong emphasis on the fundamental aspects of a company, such as earnings growth, cash flow, and balance sheet strength. He emphasizes the correlation between a company's earnings and its stock performance over the long term, dismissing the significance of external factors (such as money supply, political events, or economic predictions). 👉 Long-Term Perspective: Lynch advocates for a patient and long-term approach to investing. He suggests that investors should be willing to hold onto their investments for several years to allow for the realization of the company's growth potential. Instead of trying to time the market, regularly invest a fixed amount of money each month. 👉 Ignore Market Noise: Peter Lynch advised people to ignore short-term market fluctuations and to hold onto their stocks during rough market periods. According to him, the key to making money in stocks is to avoid being scared out of them by short-term volatility. 👉 Contrarian Approach: Lynch often looked for investment opportunities in companies that were overlooked or undervalued by the broader market. He believed that being contrarian and investing in companies with strong growth potential before they became widely recognized could lead to significant returns. 👉 Ten Baggers: Lynch is famous for identifying companies with strong growth potential before they become widely recognized. He popularized the concept of "tenbaggers," stocks that increase in value by ten times or more, and emphasizes patient investing and long-term thinking. This term was coined by Lynch in his book “One Up on Wall Street”. Top 10 Investments From 1977 until 1990, the Magellan fund averaged a 29.2% annual return and as of 2003 had the best 20-year return of any mutual fund ever. Lynch found success in a broad range of stocks from different industries. According to Beating the Street, his top 3 profitable picks while running the Magellan fund were: 1. Fannie Mae 2. Ford 3. Philip Morris Peter Lynch's Categorization of Companies ✅ Slow Growers: Slow growers are companies that operate in mature industries with limited prospects for significant expansion. They have stable and mature businesses that generate consistent but slow growth rates. These companies often have a large market share and a well-established customer base . Slow growers are known for their stability and reliability , and they typically provide dividends to their shareholders. They are considered relatively safe investments , particularly for conservative investors who prioritize steady income and capital preservation. ✅ Stalwarts: Stalwarts are large, well-established companies that have a solid track record of consistent performance. They are dominant players in their respective industries and exhibit reliable earnings and cash flows. Stalwarts may not experience rapid growth rates like fast growers, but they have the potential to grow steadily over time. These companies often have strong competitive advantages , such as brand recognition, economies of scale, or established distribution networks. Stalwarts are favoured by investors seeking consistent returns and a lower level of risk compared to more volatile stocks. ✅ Fast Growers: Fast growers are smaller companies that exhibit rapid earnings growth and operate in industries with high growth potential. These companies often operate in emerging sectors or niche markets that offer significant opportunities for expansion. Fast growers prioritize reinvesting their earnings back into the business to fuel further growth and gain market share. While fast growers can provide substantial returns to investors, they also carry higher risks . Their success is contingent upon maintaining a competitive edge, executing growth strategies effectively, and navigating market challenges . Investors interested in fast growers should carefully assess the company's growth prospects, industry dynamics, and management team's ability to sustain growth. ✅ Cyclicals: Cyclicals are companies whose earnings and stock prices are closely tied to the economic cycle. These companies' performance tends to be sensitive to changes in the overall economy , resulting in fluctuating earnings and stock prices. Industries such as automobiles, housing, manufacturing, and consumer discretionary goods often fall into this category. During economic upturns , cyclicals tend to experience increased demand and higher profitability. Conversely, during economic downturns , these companies may face reduced demand and lower profitability. Investing in cyclicals requires careful timing and analysis of the economic conditions. Cyclicals can offer significant opportunities for profit when purchased at the right point in the economic cycle. ✅ Turnarounds: Turnarounds are companies that have experienced a significant decline or financial distress but have the potential for a successful recovery. These companies often undergo management or operational changes to reverse their fortunes. Turnarounds can result from various factors such as poor strategic decisions, operational inefficiencies, or changes in market dynamics. Investing in turnarounds can be highly rewarding but also carries significant risks. Successful turnarounds require a comprehensive analysis of the company's financial health, an understanding of the management's turnaround strategy, and the ability to identify catalysts for positive change. ✅ Asset Plays: Asset plays refer to companies that possess undervalued or underutilized assets , such as real estate, intellectual property, or unused land, which can be unlocked to create value . These companies may not have strong operational businesses but possess valuable assets that can be monetized or utilized in a strategic manner. Investors interested in asset plays should thoroughly assess the value and potential of the company's assets, along with the management's ability to capitalize on them. The success of asset plays relies heavily on effective asset management , strategic partnerships, or the sale of assets to unlock value and generate returns for shareholders. Peter Lynch's investment philosophy revolves around understanding natural advantages, focusing on industries within one's expertise, and simplifying the decision-making process . His approach encourages investors to prioritize knowledge and comprehension of individual companies rather than being swayed by external factors . Lynch's approach highlights the correlation between a company's earnings and its stock performance, undermining the significance of fundamental analysis over external factors. I hope that this article has provided you with valuable insights into the investing world through the lens of Peter Lynch. 🙂 If you found this article helpful, I encourage you to share it with your family and friends because sharing knowledge is a great way to empower others and contribute to the growth of financial literacy. Disclaimer: This is NOT investment advice. This post is meant for educational purposes only. Invest your capital at your own risk.
SP:SPXEducation
by johntradingwick
5
#Finnifty"Good morning! As of July 10th, the global market is showing a negative start with moderately bearish market sentiment. It might open with a gap-down. If it breaks the immediate support zone after the opening, we can expect the correction to continue. On the other hand, if the initial market experiences a sharp pullback, we can expect a minimum of 38% to 61% Fib pullback. After that, if it sustains, we can expect the pullback to continue. however, if it takes decline then we can expect correction continuation"
NSE:CNXFINANCE
by Manickamtraders
9
How to get started with tradingNew to Trading? Dive in head-first with our comprehensive guide, drafted especially for beginners! 💼💡 With so many markets and strategies to choose from, it's easy to feel lost. In this post, we'll guide you through the essential steps to get started with trading and set you on the right path. 📚 Educate Yourself Initiate your trading journey by absorbing the essentials. This includes understanding various types of assets, familiarizing yourself with market terminology, discerning different trading strategies, and grasping risk management principles. Utilize a combination of mediums for learning. These could range from books, seminars, and online courses, to YouTube tutorials and our educational section . Get involved in online forums and groups where like-minded individuals share their trading experiences and insights. This can help cement your understanding of trading fundamentals. 💰 Choose Your Market Once you have a basic understanding of trading, the next step is to choose a market to trade in. You have a lot of choices like the stock market, foreign exchange (forex), or the crypto market. Consider what you like, how much volatility you can handle, and what are your financial goals. This is not an easy decision to market as global markets are massive - do your research and find the market that’s perfect for you. 🖥 Practice with a Demo Account Before you start trading with real money, it's a good idea to practice with a demo account. A demo account is a simulated trading account that allows you to practice trading without risking any real money. Use this account to test your trading strategies and get a feel for the market before you start trading with real money. This way, you get to know how to use the platform and how trading works. We at TradingView even have a special feature called Paper trading, made just for practice. Open the Trading Panel and select Paper Trading to get started. 📖 Develop a Trading Plan A trading plan serves as your personal guideline for conducting trades. It outlines your trading approach, your objectives, and risk management, and specifies when to enter or exit a trade. Implementing a trading plan helps in taking better decisions and avoiding emotional trading. 📑 Open a Trading Account Once you've educated yourself and gained some understanding of the mechanics, you need to open a trading account. There are many online brokers that you can use, and you should research them to find the one that best fits your needs. Take into account factors such as fees, platform usability, interface, and the available set of tools and resources. 🕹 Start with a Small Amount Avoid investing your entire life savings at once. Instead, start with a small amount and gradually increase it as you gain experience and develop confidence in your trading abilities. 😎 Choose Your Trading Style There are different trading styles, and each has its own advantages and disadvantages. You can be a day trader, a swing trader, or a position trader. Day trading involves buying and selling within the same day, while swing trading involves holding onto a position for a few days or weeks. Position trading involves holding onto a position for a long time, sometimes months or even years. ✅ Manage Your Risk Proper risk management is crucial in trading due to its inherent uncertainties. You should never risk more than you can afford to lose. Implementing stop-loss orders can help limit potential losses, and it is advisable to have a predefined exit strategy in case a trade doesn't unfold as anticipated. 📒 Journal Your Trades Once you start trading, it becomes imperative to consistently monitor your performance. Regularly keeping tabs on your trades, analyzing your performance, and making necessary adjustments to your plan are all vital aspects. Remember that trading involves risk, and you should be prepared to accept losses as part of the process. Getting started with trading can be intimidating, but you can use this guide as a reference to chalk out a plan for you. Remember that trading requires patience, discipline, and constant learning. By consistently educating yourself, honing your trading skills, and diligently monitoring your trades, you can progress towards becoming a profitable trader. Thanks for reading! Hope this was helpful. 🙂 – Team TradingView Be sure to follow us on Twitter , Instagram , and Telegram for more valuable content! 💘
NSE:NIFTYEducation
by TradingView
6
"HCL Technology: Bullish Reversal with Inverted Head & Shoulder"Description: HCL Technologies (HCL Tech) has formed a visually striking bullish head and shoulders pattern on the price chart, indicating a potential upward trend. Traders and investors may find this setup appealing for potential trading opportunities Key Points: - Pattern Type: The pattern observed in HCL Tech's chart is a bullish head and shoulders pattern, which is a reliable trend reversal formation. - Entry Range: Consider entering the trade within the range of 1160 to 1175 for optimal risk management and potential profit capture. - Stop Loss: To safeguard against adverse price movements, set a closing basis stop loss at 1100. - Target Levels: The price targets for this bullish setup are 1360 and 1470, offering significant upside potential. Disclaimer: Please note that trading and investing involve risks, and it's essential to conduct your own analysis and consider market conditions before making any trading decisions.
NSE:HCLTECHLong
by karuneshBajpai2
10
Silver Bounce Or Break From Support ?Hello mates, sharing the commodity silver futures weekly chart for educational purpose for that as we can see that 70000-68000 zones was a hazardous resistance for it and now we can see that price is trading near that zones so for that I am sharing my trading ideas for it below. IDEA NUMBER ONE-: Price is currently trading with well placed support on this weekly chart and it is trading near too a support by 50 EMA as we can see it gives a bounce two times earlier (mentioned on chart) from 50 EMA so if this time it we can see 75600 levels again, bounce could confirm according to our own setup or time frame too for we can go long. IDEA NUMBER TWO-: If it will breach it's mentioned support zone which is adjoined it's rising support trendline and 50 EMA too so we can make a short in it for the target of 62600 levels. Executions- All above mentioned ideas will be applicable on weekly closing basis only, one can use own setup or time frame according to provided levels if they are agreed that levels are right some how. KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk. Regards-: Amit
MCX:SILVER1!
by AMIT-RAJAN
19
EWT – NSE BANKNIFTY Poised For Final Wave CTimeframe: 2h As per our previous idea, we have identified a market scenario characterized by supply pressure and bear dominance. At a price level of 44154, we observed the occurrence of Wave (3), followed by a corrective phase known as Wave (4). Wave (4) exhibited a double three pattern. Currently, the price is in the process of forming the final sub-wave (c) of Wave (y) within Wave (4). Wave (c) has taken the shape of an ending diagonal, suggesting that a breakout above the upper boundary of the diagonal in Wave 4 of Wave (c) could potentially lead to a new high. To take advantage of this potential upward movement, traders may want to consider entering trades as long as the price remains above 44091 for following targets: 44430 – 44840 – 44912+. Note that if the price fails to break the resistance level at 44091, the trade setup loses its validity. For traders who are more tolerant of risk, an alternative strategy could involve entering a trade after a reversal occurs from the support level at 43200.
NSE:BANKNIFTYLong
by forextidings
48
Nifty AnalysisIn this assessment I will try to answer a few questions: 1️⃣where is the market trading? It is trading near its all-time high 18887.60 2️⃣How it is behaving near this resistance? 🚩It reacted sharply from near the resistance level but took support near a previous swing low of 18670. 🚩Then it rallied even much sharper back to the resistance and this time the reactions have been not that strong. 🚩It seems consolidating/absorbing whatever supply is left near the highs. 3️⃣Is there any pattern or range that can be traded? 🚩Yes, there is a triangle pattern formation as shown in the chart. It is probably best to buy near the lower edge and wait for an up move. 🚩There could also be a range formation in which market can oscillate for a while. This range is between 18780 (an important support-resistance level) and 18875-18900. 4️⃣Is there any chance of massive crack from all-time highs? 🚩At this point of time I don’t see any indication of a fall. As I said that the reactions are getting smaller, and price is hugging the resistance zone. There are higher chances of a breakout in the direction of primary trend on the weekly timeframe (see chart on the right). 5️⃣What should be the trailing SL to protect gains in the market? 🚩The swing low of 18660 could be a good stop loss to protect or lock the gains (if any) in the markets. Do like🚀 share 🔊 or comment 📃 for more such ideas in future. Disclaimer: The views shared above are not a trading or investment advice. You need to apply your due diligence before investing your capital.
NSE:NIFTY
by Bravetotrade
15
Turbo Breakout Setup: High-Probability Trades with Precision.NSE:CNXFINANCE Hello Traders, In this video, I have explained a Breakout trading setup that will generate only high-probability breakout trades, that have high success rate than another breakout. The setup is based on a pure price action structure and does not require any indicators just we are using volume as a confirmation tool. Why does this setup work? The logic is very simple let's talk about the 1st variation of this setup:- Fake Breakout as you can see in this setup most of the time the structure completes after a fake breakout. So that fake breakout means the short sellers in the correction phase trying to defend there stop loss and make prices go down but what do you think for how long they will be able to defend that zone when buyers' strength is increasing? so after that when buyers push the price a little above-failed breakout zone the price hits short sellers stop losses and include new buying at that level to push prices toward the sky. What about scenario 2nd:- NO failed breakout but horizontal range inside trend resistance line. When the trend Resistance line and horizontal line break at the same price point it invites many traders to put a limit order above that horizontal line and most of the short sellers also have put their stop loss when that zone hit the price again and start moving towards the sky. Other factors and detailed setup have been explained in the video. Any setup is useless without a pre-defined stop loss cause you need to focus on capital protection first then you can aim for profits. Always take calculated risks and use proper position sizing. This is only for educational purposes only. Always trade with stop-loss. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy Trading!
NSE:CNXFINANCEEducation
by SANJAYPATIDAR_
9
Zig Zag corrective pattern and the Case study of Natural GasHello Friends, Here we had shared some major points and characteristics of Zigzag Correction pattern of Elliott waves. Also we had shared real example chart study of zigzag pattern as a case study of NaturalGas, in which their are some principles and guidelines, which are perfectly going through in chart of NaturalGas. Principles and Guidelines of Zigzag correction pattern 1) Zigzag correction pattern is a 3 waves structure which is labelled as A-B-C 3) Subdivision of wave A and C is 5 waves, either impulse or diagonal 4) Wave B can be any corrective structure as 3 subdivisions 5) Zigzag is a 5-3-5 correction structure Fibonacci measurements Wave B is always contra trend which generally retraces near 50% or 61.8% of wave A, and can also retraces up to 85.4% to 90% of wave A Wave C can generally be expected near 100% of wave A, but sometimes if it is extended then it can show 123.6%, 138.2% or up to 161.8% also. Sometimes if wave C is truncated then it can be near 61.8% of wave A. But ,If wave C is going more than 161.8% of wave A, then we should be cautious, because it can also be some kind of impulse wave instead of corrective wave. Case Study of Natural Gas Natural Gas almost done as expected till now as per zigzag corrective pattern, it would not be wonder if it looks to be doing a double correction higher in wave (ii) bounce & can see 2.786 level sometimes in next week before turning down as a wave (iii) of 5 of (C), On lower time frame if it doesn't crosses high of March 2023, then it can show some down moves to complete wave (iii), (iv) and (v) of 5 of bigger degree wave (C). After big correction as zigzag pattern which had already reached extreme levels in wave (C) which is more then 123.6% of wave (A), so now anytime it can start fresh impulse moves towards north directions, so instead of finding selling opportunities, one should try to find buying opportunities only after confirmation, and confirmation is price crossing high of march 2023, once its crossed peak point of march 2023 then no selling is recommended, then its only buy on dips with invalidation levels of Low of April 2023 as a stoploss, because it must be ending the bigger correction from last year peak, and can be taken as fresh impulse is started. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NEducation
by RK_Chaarts
4
Don't Dread ! Spread the Thread in Polymed ! Looks good Ahead !Poly Medicure Limited is an India-based manufacturer and top exporter of plastic medical disposables/ surgical Items with a portfolio of over 130 SKUs of disposable medical devices across 9 different product verticals. Distribution Network The company has a pan-India distribution network with over 260 distributors. It has reach to over 5,000 private and government hospitals and nursing homes across India. The company exports its products to over 110 countries. It earns 30% of revenues through domestic sales and the rest 70% through exports. It derives major growth in exports from European Subcontinent. Manufacturing Capabilities The company owns and operates 8 manufacturing facilities across world. It owns 5 facilities in India, 1 each in China, Egypt and Italy. The facility located in Egypt is owned by company's associate (ULTRAMED) wherein the company holds 23% economic interest. R & D The company operates its only R&D facility from Faridabad, India. The company has planned to expand its manufacturing facilities in Faridabad and Jaipur which are set to be ready by 2020 and 2021 respectively. Expansion includes manufacture of new products and capacity additions in its facilities. It has over 300 patents to its name with 190+ pending applications. It spent ~12 crores (2% of revenues) towards R&D in FY20 as compared to 10 crores in FY19
NSE:POLYMEDLong
by CannySunny
31
BREAKOUT OF THE YEAR TITAN COMPANYOn the last session of previous week price breakout a more then one year old resistance and gives a good close above that resistance and it is a highest weekly close ever by this stock so it seems a good opportunity to go long in this stock. Target Identify by two ways-: 1- One is theoretical way to measure a triangle breakout which is trading on it's all time high and no previous resistance is standing so we can use the Height of triangle from where it took resistance to swing low it made after for what are the potential target can arrived in coming sessions. 2- A rising trendline resistance I plotted on this chart, which is also adjoin the same levels where the height of triangle is indicating the coming target, so according to me the point of target is looking so logical. Stop loss-: So if we are going long in any of scrip I think the exit in loss (stop loss) is more important so I always believe to take and mention stop loss and that is 2600 levels are looking a strong support now on weekly candle below basis. Retesting levels-: 2780 to 2800 levels which mentioned on chart as triangle resistance which will be act as a breakout retest zone now, some traders like to enter when retesting will complete it totally the matter of choice of a trader and some how it a part of your trading style and risk management too. MOVING AVERAGES-: (EMA) Daily Chart- Price Trading Above 20, 50, 100, 200 Moving Average. Weekly Chart- Price Trading Above 20, 50, 100, 200 Moving Average. Monthly Chart- Price Trading Above 20, 50, 100, 200 Moving Average. RSI-: Daily Chart- 73.23 (Bullish) Weekly Chart- 67.88 (Bullish not Overheated) Monthly Chart- 66.34 (Bullish not Overheated) Key Strengths-: Higher Highs and Higher Lows. Price trading above on all moving averages on Daily, weekly and monthly time frames. Daily and weekly and monthly RSI are Bullish. KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk. Regards-: Amit
NSE:TITANLong
by AMIT-RAJAN
41
EXPANDED / IRREGULAR FLAT CORRECTIONHello Friends, Here we had shared some major points and characteristics of Expanded Flat Correction also known as Irregular Flat Correction in Elliott waves. Principles of Irregular / Expanded Flat correction pattern 1) 3 waves corrective pattern which is labelled as A-B-C 2) Subdivision of wave A and B are in 3-3 waves 3) Subdivision of wave C is in 5 waves 4) Wave B of the 3-3-5 pattern completes beyond the starting level of wave A 5) Wave C completes beyond the ending level of wave A Fibonacci measurements Wave B is always 123.6% to 138.2% of measurement of wave A Wave C completes at least 123.6% to 161.8% of wave A which starts from end of wave B I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Hope this post is helpful to community Thanks RK💕 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:ABFRLEducation
by RK_Chaarts
10
HUL Analysis! W and Flag and Pole!HINDUSTAN UNILEVER ANALYSIS! HUL Daily Analysis! HUL Analysis with combination of Patterns and RSI! Double Bottom Pattern Formation and Breakout in HUL! Flag and Pole Pattern Formation and Breakout in HUL! HUL has made Double Bottom pattern on daily timeframe it has given a breakout to the neck level and retested it's support level on the Neckline only. The interesting fact is, during it's retesting treading sessoins it has made Flag and Pole Pattern and also given a strong breakout. So we have combination of Patterns now with proper Breakouts and Retests. We can expect further upmove in HUL. Nifty also trending upwards. Entry = Aggressive Investors can buy at current levels, Conservative investors can wait for small retest. Stop Loss = Below 2577.65 Targets= 1) 2689.80 2) 2740.20 3) 2790.25 or 2827.35 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:HINDUNILVRLong
by Avinash9087
52
7 Important Tips for Risk Management Hey everyone! While trading and investing offer the opportunity for profit, there is always the potential for loss. Here are a couple of time-tested tips to help you in understanding and managing your risk better. 📝 Develop a Trading Plan ─ Many traders jump into the market without a thorough understanding of how it works and what it takes to be successful. ─ You should have a detailed trading plan in place prior to engaging in any trades. ─ Your plan should include essential components such as the entry point, a strategically defined stop-loss level to mitigate potential losses, and target levels to define your anticipated profit points. ─ Having a well-structured plan equips you with a roadmap during stressful trading situations and ensures that your trades are consistently aligned with your risk tolerance threshold. ——————❌——————❌—————— 🧘‍♂️ Understand your Risk Tolerance ─ Risk is subjective. Different traders have different personalities and systems, hence a different risk tolerance. ─ Start with self-reflection: Begin by reflecting on your own attitudes, beliefs, and emotions towards risk. Consider how comfortable you are with the possibility of losing money, how patient you are with market fluctuations, and how much stress or anxiety you can handle when investments don't go as planned. Understanding your own psychological and emotional response to risk is crucial in determining your risk tolerance. ─ Consider your financial situation: Take into account your current financial situation, including your income, savings, debts, and expenses. A thorough understanding of your financial resources and obligations will help you gauge the amount of risk you can afford to take. ─ There is no “One-size-fits-all” approach . Find out what suits your needs based on your account size, age, long-term plan, and other key variables that are specifically unique to your circumstances. Then, implement it accordingly. ——————❌——————❌—————— 📚 Follow your Trading System ─ Develop a clear and comprehensive trading system that outlines your approach, rules, and criteria for entering and exiting trades. ─ A well-designed system provides structure and discipline, helping you avoid impulsive decisions driven by emotions or short-term market fluctuations. ─ A trading system is essential because it requires you to think deeply about your approach to markets before you begin risking real money. ─ Backtest and research your system: Validate the effectiveness of your trading system by backtesting it against historical market data. This allows you to assess its performance and identify any potential flaws or areas for improvement. Additionally, research and analyze your system under various market conditions to understand its adaptability and resilience. ─ Evaluate your system's performance in different scenarios: Simulate your system's performance in different market environments, including bear markets or periods of increased volatility. By assessing how your system would fare in adverse conditions, you can gauge its robustness and make necessary adjustments to enhance its overall effectiveness. ─ Some traders keep hopping strategies after a series of losses. This usually leads to more losses and is unproductive in the long term. ─ Stick to your system with a verifiable edge: If your trading system has been thoroughly tested, backtested, and proven to have an edge, have confidence in it and adhere to its rules consistently. Consistently following a system that has demonstrated positive expectancy over time increases your chances of generating consistent profits in the long run. ——————❌——————❌—————— 🚨 Use a Stop-Loss ─ A stop-loss order is an order that is placed at a predetermined price level and can help in limiting your losses if the trade goes against you. ─ In general, this predetermined price level is the level at which your trade idea gets invalidated. ─ A stop loss helps in protecting against emotional decision-making and allows you to maintain discipline in your trading system. Implementing a stop-loss order ensures that you have predefined risk parameters, allowing you to quantify and control your downside risk. ——————❌——————❌—————— ✂️ Manage your Position Size ─ Effectively managing your position size is crucial in mitigating risk and maximizing potential returns. ─ By carefully determining the appropriate position size, you can avoid excessive exposure in any single trade. ─ Trading is a game of probabilities. Hence, a trader should never put all his eggs in one basket and if he does, then he should be well aware of it. ——————❌——————❌—————— ❌ Don't Overtrade or Revenge Trade ─ Resist the temptation to overtrade or engage in revenge trading, even in the face of losses. Attempting to recover losses through higher-risk trades is never a good idea and can lead to even bigger losses. ─ It's easy to feel strong emotions while trading. However, making decisions based on emotions rather than rational analysis can be a recipe for disaster. ——————❌——————❌—————— 📔 Maintain a Trading Journal ─ A trading journal can help you in identifying the shortcomings in your trading. ─ By documenting your trades, you gain valuable insights into your strengths and weaknesses as a trader. Regularly reviewing and evaluating your journal allows you to identify patterns, mistakes, and areas for improvement. ─ This self-reflection enables you to fine-tune your strategies, refine your risk management techniques, and enhance your overall trading approach. ─ Moreover, a trading journal helps instil discipline and accountability by keeping a record of your trading actions and outcomes. It serves as a reference point for future analysis and learning, enabling you to continuously evolve as a trader. ——————❌——————❌—————— Thanks for reading! I hope you enjoyed this post. Please feel free to write any additional tips or pieces of advice in the comments section below! Trade safe. Be smart. I’ll see you in the next one. Cheers! Rajat Kumar Singh (@johntradingwick)
NSE:ADANIENTEducation
by johntradingwick
3