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Professional Traders Vs Amateur TradersThere is a big difference between successful traders and amateur traders. Successful traders know how to allocate capital, calculate their risks, and move on after losing money. Ultimately, it is not what the trader knows, but who he is. The consistently profitable traders can ignore or subvert their natural tendencies to do what feels comfortable, and instead, do what is necessary, to be optimally profitable over the long run. I have mentioned just a handful of differences between professionals and amateurs. A trader’s goal should be to move from the red group (amateur trading) to green group (professional trading) as early as possible. Remember "amateurs focus on anticipating returns, professionals focus on the process and managing risk".
NSE:NIFTYEducation
by PranamGhagare
2
3rd August - 10th August: Vedanta Swing StrategyWhat's going on guys!? Hope you all are keeping yourselves safe and minting money in the past month's bull run of the market. Been quite some time since my last post, I hope I will be regular in with my future analysis for you moving forward. I see a buying opportunity in Vedanta and in this post, I want to bring your attention to what I see as a fairly good Risk to reward setup in Vedanta Ltd . Background: 1. The stock has been in news due to the delisting process. Vedanta's management on 29th July updated that they seek $ 3.25 billion loans to buy back the shares they don't hold. I interpret it as a sign of management's confidence in the business and hope that it will increase prices in the coming week. 2. Nifty metal has been bullish last week and we have seen it forming higher highs and higher lows. Analysis of the Nifty Metal index (on 4hr TF) shows that a breakout has happened at 2125 support line. Vedanta contributes to 5% in nifty Metal index so it gets another plus. Stock Technical Analysis: Analysis Type - Price action, Support & Resistance, Chart patterns, Market structure 1. Coming from steep bull run (as highlighted by the green Trendline), the prices consolidated inside the box (Range highlighted by the grey box) and it appears that the prices are about to try to break this range and going to exit from the box after forming an important market structure near the boundary (highlighted by the purple color support line). 2. Even inside the box, the trend remained positive and the bulls have continued to push the prices up making Higher highs and higher lows (indicated by blue color trendline). 3. The stock tested resistance in the form of the upper boundary of this grey box by giving a false breakout (marked by higher high 3) but had strong wich rejection which means the sellers are present at the boundary of the grey box. Post this the prices consolidated between 110 to 112 range for two days and with this consolidation formed another market structure. This first breakout also filled the previous gap. 4. Another thing to note - If we join the 1 hr wicks in the form of the yellow line, we see an intermediary pullback in prices a recent breakout followed by the testing of the yellow line (Some traders can also see teh formation in this reason as a cup and handle) I see these as good enough evidence to take a buy trade with stop loss place right below the market structure. How to trade Let's talk about Entry, Exit, Target and Stop loss for this trade I am waiting for a clear direction from the market at the start of first week of August to plan on many of these 4 pointers. Still going ahead with what I anticipate to give me more ideas around how I will decide on Entry, Exit, target and Stop loss - Entry - Will wait patiently for the next 3-4 candles to decide on Entry. I am anticipating a pullback to 112.2 levels at which I will enter the trade. If the candles are strongly bearish then I won't enter the trade at 112 levels and will wait for future indications of bulls in the market. Target - Previous HH3 (118) looks like an easily achievable target as per the current market structure. Taken a target of 118.75 to ensure 2:1 Risk to Reward trade. Exit - As the future market structure is going to form after entering the trade we can decide on if to hold patiently till the target of exit any instant. (Keep following this post.. I will be updating the analysis in the future) Stop loss - Placed the stop loss below the market structure which was previously respected. That's all traders for now. Hope you like the analysis and appreciate my effort. Let me know what u think in the comments below Like this post to show ur encouragement. 1 like = 1000 encouragements Will keep on updating this page as the time progresses.
NSE:VEDLLong
by DataScientist-Nitian-learner
2
BRITANNIA GOING UP.....CONDITIONAL BUY ..!THIS ANALYSIS OF BRITANNIA IS FOR NEXT 10-15 TRADING SESSIONS .EVERYTHING IS CLEAR ON THE CHART . BRITANNIA HAS SUPPORT AT PRICE 3275-3310 LEVELS. CONDITIONAL BUY IS ONLY AND ONLY ABOVE 3445 . FOR THE TARGETS OF (!) 3520 , (!!) 3555. YOU CAN KEEP SL AT 3375-3340 LEVELS . KEEP IT FLEXIBLE . CMP 3429 NOTE: PRICE MAY COME DOWN TO 3375-3340 LEVELS BEFORE GOING UP BUY ONLY ABOVE MENTIONED LEVELS WHEN COMES AGAIN . DRAWING ANALYSIS. PITCHFORK DRAWN. PRICE HAS A RESISTANCE NEAR PITCHFORK (.50) UPPER LINE (SEE NO.(1), (3) ) IT IS TAKING SUPPORT NEAR PITCHFORK (.25) LOWER LINE (SEE NO(2) , S point ) WE CAN ALSO SEE THE ELLIOTT IMPULSE WAVE FORMING .(1) (2 ) ( 3) ( 4) (5?) DISCLAIMER The data and information provided in this published idea is not an advice and should not be relied upon as such. Neither the information, nor my opinion contained in this idea constitute a solicitation or offer by me to buy or sell any financial instruments. The content of the idea and the interpretation of data are solely my personal views. This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position. THANK YOU , PINANK SHAH DO LIKE , SUPPORT AND SHARE IF YOU FIND IT USEFUL YOUR 1 LIKE ENCOURAGE AND MOTIVATES ME TO WORK MORE FOR YOU PEOPLE . DO COMMENT AND SHARE YOUR VIEWS .
NSE:BRITANNIALong
by PINANK_SHAH
3
RIGHT SHOULDER LOOKS INEVITABLE ......!THIS ANALYSIS OF WIPRO IF FOR NEXT 3-4 TRADING SESSIONS. WIPRO IS FORMING HEAD AND SHOULDER PATTERN ON 2 HR ,4 HR TIME FRAME. WE HAVE FOUR DAYS OF LEFT SHOULDER FOLLOWED BY HEAD AND NOW FORMING A RIGHT SHOULDER . WE HAVE A NECKLINE AROUND 218 LEVELS AND PRICE MAY TOUCH THAT LEVEL AGAIN BEFORE COMING TO LOWER LEVELS. ie 212 AGAIN.OR IT MAY FALL STRAIGHT. WIPRO HAS RESISTANCE NEAR 221-225 LEVELS SHORT WIPRO AT 212.5 AND BELOW FOR THE TARGETS OF 205-204. DO SHARE IF YOU FIND THIS USEFUL.DO COMMENT AND SHARE YOUR OPINIONS
NSE:WIPROShort
by PINANK_SHAH
8
ITC GO SHORT ... CONDITIONAL SELL ONLY BELOW 185..!THIS , ANALYSIS OF ITC FOR NEXT 3-4 TRADING SESSIONS. ITC IS FORMING BEARISH FLAG LIKE PATTERN . ITC FACES RESISTANCE NEAR 195-201 LEVELS . UPPER MOST RESISTANCE (ULTIMATE SL) IS AT 205 LEVELS . PRICE ON CLOSING 187. THE PRICE MAY CONSOLIDATE LITTLE NEAR 188-192 LEVELS BEFORE COMING TO DESIRED LEVELS OR IT CAN STRAIGHT FALL . BOTH THE SITUATIONS ARE ON . EASY TARGET FOR ITC 182 . BUT WE DONT DO EASY TARGET SO LETS TARGET FOR 178 FIRST THEN 174 . SL WILL BE YOUR RESISTANCE LEVELS .KEEP IT FLEXIBLE . HAPPY TRADING AND KEEP SUPPORTING .DO SHARE THE POST IF YOU FIND IT USEFUL . DO ASK QUESTIONS IN COMMENT SECTION .
NSE:ITCShort
by PINANK_SHAH
1
BAD Q4 RESULTS OF BPCL CAN NOW BE REFLECTED IN PRICE?GOING DOWN.AFTER Q4 RESULTS OF BPCL POSTING NEARLY 1300 CR LOSS AND BEING STRAIGHT UP BY 5 TRADING SESSION ITS TIME TO TAKE A BREAK NOW. TODAY WE HAVE SEEN THE BIG RED CANDLE ON DAILY CHART CONFIRMING BULL LL NEEDS TO CALM DOWN FOR NEXT 2 3 TRADING SESSIONS . BPCL FACES STRONG RESISTANCE NEAR 399-405 LEVELS THERE ARE CHANCES OF GOING BACK TO 390 LEVELS TOMORROW BUT WHEN AGAIN ,IT COMES TO 380 LEVELS BE READY TO SHORT SELL @377.5 TARGET 361 CONDITIONAL SELL SL 390
NSE:BPCLShort
by PINANK_SHAH
3
POSITIONAL LONG ON BK OF BARODA(NSE) !!!This analysis is only for educational purposes, Invest at your own risk! Using the monthly chart we can locate the lowest support price i.e. between 26-36 INR. The price may soon rebound an open an amazing long positional position. The trade can prove to be good for positional traders who are agreeing to lock in at this price and wait for the price the head in the north direction Traders should get in only when the price rebounds and not before that. The Stop-loss should be placed bellow the lower support line i.e. below 26 INR Once the price starts moving up a trailing stop-loss must be used to get out with guaranteed profits Any kind of criticism is highly appreciated ! CHEERS!
BSE:BANKBARODALong
by Aditya_Singh21
3
MOTHERSUMI technical analysis. Possible down move.Hello Trader, Here is the full analysis of MOTHERSUMI: 1) On the Daily chart we can see it as formed butterfly pattern and is inside raising wedge ( Bearish pattern ). 2) Price is testing a strong resistance zone and can test this zone for up move and if it fails then on the basis of butterfly and strong resistance one can look for short. How can you support me: 1) Like my idea. 2) Follow me for more analysis Feedback: Please share your feedback in comments and this will help me to improve my drawing and analysis
M
by technicalwhale