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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
NSE:SBINEducation
by Averoy_Apoorv_Analysis
2
Nifty 50 By KRS ChartsDate: 1st Aug 2024 Time: 9:12 AM What is going on in NIFTY 50 ? 1. As we all know Indian markets in continuously in uptrend in recent times so nifty 50 too. 2. Nifty is recently moving in range but sideways with uptrend as we can see in charts for Hourly timeframe. 3. There are clear supports and Resistances are visible in Nifty 50, Today is open with Gap up and Breaks 25000 level for very first time. 4. Nifty can clearly go for 25226 but also it can reach above bigger Resistance too.
NSE:NIFTYLong
by KRSCharts
LT FOODS - Health BO w/ 40% upside possibility!Overview & Observation: 1. Strong breakout 2. RRR is favourable 3. Moving with weekly demand 4. Momentum is strong. Trade Plan: Entry = 248 SL = 215 TP = 280, 300, 350++ - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:LTFOODSLong
by SuperNova396
BULLISH MARUBOZU FORMATION - UNION BANK OF INDIA STRONG BULLISH CANDLE HAS BEEN FORMED AT A KEY SUPPORT ZONE AREA. The up move may continue with a slight doji-like candle. 134.50-131.50 is a strong support zone (highlighted area); any dip to that area is a buy opportunity ONLY if the market sentiments are positive. You can buy at CMP or wait for it to test the highlighted zone, but as past data shows, the price has never retested when it bounced upwards. LEVELS -Buy at CMP or at 137.25 Do your analysis too before buying. Any further fall is just a good opportunity to add more quantity. -We are aiming for targets of 150, 158, and 170; short to semi-long term respectively. -If it keeps falling after you buy it and you can't bear the loss, consider booking it at 125. Happy Trading :)
NSE:UNIONBANKLong
by rohix
Get ready for a price surge with Dr Reddy & TTK Prestige!DRREDDY After the market crash in March 2020, the stock began a steady upward movement and formed a Bullish Pennant pattern. After breaking out, the price surged and encountered resistance multiple times near the 5,550 level. Consequently, the stock price experienced a significant drop and entered a prolonged consolidation phase. During this phase, an Inverted Head & Shoulders pattern emerged on the chart. Most recently, a breakout has occurred, causing the stock to move higher. TTKPRESTIG The stock price has developed a Head & Shoulder pattern on the weekly chart. After the pattern breakdown, the price underwent a significant consolidation period and created a Double Bottom pattern, suggesting a potential reversal in the trend. By breaking above the pattern's neckline, the price is now moving upwards with a substantial potential for gains.
NSE:DRREDDYLong
by GoodluckCapital
FMCG SECTOR - Overview | Educational PostWhy the FMCG Sector is a Must-Have for Long-Term Investment - I am highly bullish on the Fast-Moving Consumer Goods (FMCG) sector, particularly in the context of a booming economy like India's This sector is fundamentally driven by the robust Indian consumption theme, which continues to expand rapidly due to the country’s growing middle class, increasing urbanization, and rising disposable incomes. - For those looking to build a robust and resilient investment portfolio, the FMCG sector is indispensable. Its alignment with the Indian consumption growth story, coupled with its recession-proof nature, makes it a compelling long-term play. Including FMCG stocks in your portfolio can provide both stability and growth, making it a must-have sector for any prudent investor. MONTHLY TF VIEW: I) Key Drivers of FMCG Sector Growth 1. Stable Demand: FMCG products, ranging from food and beverages to household and personal care items, are essential for daily life. This ensures a steady and non-cyclical demand, making the sector resilient to economic fluctuations. 2. Consumer Behavior: Indian consumers are becoming increasingly brand-conscious and willing to spend more on quality and convenience, driving premiumization trends within the FMCG space. 3. Urbanization and Lifestyle Changes: With more people moving to urban areas, there is a noticeable shift towards packaged and ready-to-use products. This urbanization trend is set to continue, providing a sustained growth trajectory for FMCG companies. II) Recession-Proof Investment The FMCG sector is renowned for its defensive characteristics, especially during economic downturns. Even in times of recession, the consumption of essential goods remains relatively unaffected. We can see how the sector managed to outperfrom even in COVID pandemic like situation. This recession-proof nature provides a safeguard for investors, ensuring stable returns even in volatile market conditions. III) Long-Term Investment Theme Investing in the FMCG sector is not just about stability; it’s about tapping into a growth story that aligns perfectly with India's long-term economic prospects. Companies in this sector are continuously innovating, expanding their product lines, and enhancing distribution networks to capture greater market share. - Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:CNXFMCGLong
by SuperNova396
Long Position in Ramco CementLooking at the chart in the higher time frames you can see a clear tap in to the M timeframe OB. A strong displacement to the upside creating a OB in the W timeframe - unmitigated. Gap at the top acting as a magnet for price to move into. Very clean CoCH and BOS giving confirmation of the move up into higher levels. A great entry be entry in the GOLDEN level of price retracement - 60% fibs Levels are in confluence with the W +OB. Expect price to tap into the W +OB and move higher to the magnets (GAP liquidity, trendline short liquidity)
NSE:RAMCOCEMLong
by Vishal_kudva