POLYCAB - Although the company has corporate governance issues, there could be good swing trading opportunities in the stock. My thoughts (not a trading recommendation): 2 scenarios - I'd go long if the stock takes support at the channel bottom with good price action & reversal candlesticks. My stop loss will be if the channel breaks. I'd go short if the...
FOLLOW FOR MORE SUCH AMAZING IDEAS. BHEL gave a breakout and people as always ran after buying it any price ignoring the risk involved in that position. Market moves in waves and not in linear motion. WAIT FOR PULLBACK.
Namaste! Unitech was the stock which was going at a speed of >400 KMPH in a road, where many many real-estate companies already driving, to win the race. The people on-board enjoyed the ride. Many people became MTM (mark to market) millionaires, especially the fully exposed people who had only 2-3 companies in their portfolio. Some people get on-board feeling...
How to buy gold, stocks or cryptocurrencies at a good price in a bear market? There are usually two trading strategies, it depends on whether the market is in a bullish or bearish phase. The common sentiment of many people in an uptrend, they think that the market will continue to increase so they can buy at any price, leading to fomo psychology and many people...
Dear Traders, Syngene International had given breakout in previous session. But still there was a chance of resistance in it as per shown in graph. Also, you all can see that breakout was clear and volume was considerably higher than average. So, we could have took trade in it today morning or on Friday before market closing. I missed it because of having...