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Shakeout + 4 to 8 weeks BreakoutBreakout post shakeout is very powerful, this one had two (highlighted in the image). Shakeout is when price falls, comes back up and closes almost equal or minutely in red in a week or one day. The Stock Broke out post that within 4 to 8 weeks ( which is important otherwise the stock is not in a strong uptrend) breaking all resistance on heavy volume. Weak buyers exited the stock during these shakeouts, the stock didn't fall when the nifty (nse index) was -2% on 6 Jan because there was only smart/institutional money in the stock
NSE:ALKYLAMINELong
by mohit_nischal
Trader...Cricketer and YOU... Part 1: Introduction!!!Hi every one Hope u all are doing good... With Friday done and weekend ahead just thought of posting a thought... which you can read before you go to bed... & if it makes sense do let me know what you guys thought of the thought... :-) ______________________________________________________________________________ So Is trading all about buying and selling... greed and fear... profit and loss Are fundamentals Analysis and Technical Analysis or just an emotional decision to buy or sell the only way of looking at trading... Or can we take some inspiration from other aspects of life too... With cricket being the flavor the season, let's see if it can make a difference to the way we approach our trading... Before we delve further into it, let us take a simple scenario… Imagine one of world’s fastest bowler… let’s say Dale Steyn (of South Africa) is going to bowl… on a bouncy South African pitch… 1. You put Virat Kohli on the batting strip and he would be like… Bring him on… 2. You put a newbie let’s say someone like Hardik Pandya and he would be like… this is it… this is my opportunity… 3. Put me in those shoes and I might just be pissing in my pants… You see the situation is same for all three of us… but it is the Preparedness, Ability, Capability, Mentality & Experience… that is what is going to define how we are going to perceive a situation… Playing gully cricket and facing World’s fastest bowler on a bouncy South African track is a different ball game altogether… When it comes to Share trading, the situation is no different… - Many start with small capital ( most of us has played gully cricket) - Make some quick bucks and then (made some runs ) - Take on Superior Markets head on… ( Imagine something like facing Dale Steyn without feeling the necessity to wear helmets, pads, and guard… ) we dont do it in cricket... there is a selection process... even for that matter for a job in a Company there is... but In Share Market It's open to all ) And it's up to us, our responsibility whether we want to upgrade ourselves or just play as it comes... Remember The Virat Kohli we see today is the result of years of hard work behind him… We have also seen him gradually improve since his debut in International cricket when he use to make good 30s and 40s but was unable to take it further, getting out with rash shot selections… but now regarded as one of the best batsman in the world especially while chasing a target. We have seen him getting annoyed when he got out with a bad shot in early stages of his career and it is seldom we have seen him now throwing his wicket away. It is the learning from the hits as well as mishits not just in nets but in real matches too, that has what has made, Virat Kohli, the player he is today… Improvised, Consistent and Confident.… When a player like Kohli is eager to learn from his mistakes and improvise the next time we see him bat... what stops us...can 't we take a leaf out of his book... You see What ever the profession, to excel, we need to learn, prepare ourselves, develop our ability, and be capable enough to deal with all the mental stress that comes with it... Once we overcome the barriers and are ready to learn, it may not guarantee 100% success but it can guarantee you that your perception of the situation will be different... you will be better aware of the pros and cons in every situation and decision making in different situations will be much improved... If you are looking to trade on a serious note, then one needs to give importance to continuous learning process and mentality and improvise on his / her consistency over a number of trades... Remember opportunities will always be there, and it is up to us to protect our wicket ( Capital ) & be ready to learn from our experience to make a better shot (trade) selection tomorrow... _______________________________ Let me know what you guys think... :-) Take care - to be contd...
NSE:NIFTYEducation
by indiamarketoutlook
9
Idea: Important Lessons to be learntGreetings of the day...!!! Sharing one case where we almost paid the penalty of not listening to chart... Some days earlier we recommended a short in idea around 78 for targets of 76 and 74 Things were going good and our 1st target was achieved within hours.... Booking partial profits when target 1 was achieved was good but there after... There were some elementary mistakes that we should have taken care of and should have avoided... Here were some mistakes that we made... sharing so that one can learn and avoid those mistakes and make himself/herself a better trader .... 1. Should have trailed SL to 78.30 instead of keeping it at 79.60 Looking at the charts will suggest the importance of 78.30 The stock came out of the falling channel.... The message was clear....Chart was telling us loud and clear.... EXIT EXIT EXIT There was a clear indication and ample time to exit from short position at cost itself for balance position... but we did not obey what charts were telling us... Even at 79.60 we should have exited but were adamant and expecting the stock to fall because of bias of our postion may be & We almost paid the penalty as the stock went up to 83 thereafter but luckily for us, again charts were at rescue and suggested not to panic but add short position again and we did so around 82.25 And today we were able to book profit at 79.70 and 78.80 respectively (our avg cost of open position was 80.125) Lesson to be learnt If we are looking at charts for our trade we should Listen to charts completely... and not let our will / expectation / ego to come in between, beacuse our expectation always has a desire attached to it and we become bias which is not good .... ------------------------------------------------------------------------------------------------------------------------------------------------------------------ So yes, Although the trade has given good profits overall ...we r not happy with the way we earned but I sign off thanking and respecting charts for helping and bailing us out this time... Regards & Take care...!!!
NSE:IDEAEducation
by indiamarketoutlook
2