Profit
Reiterating Buy Call on Deepak Fertilizer🤩💸🔥Buy Deepak Fertilizers & Petrochemicals Corp. for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Market Position:
1) 2nd largest manufacturer of Nitric Acid in South East Asia & the largest in India.
2) Leading manufacturer and marketer of Isopropyl Alcohol ( IPA )(market share of 65% in FY 2019-20.) The only producer & merchant of IPA in India.
3) Only manufacturer of NP prill 24:24:0 fertiliser & TAN solids in India.
4) Largest manufacturer of Bentonite Sulphur in India.
5) Market leader in speciality and water-soluble fertilisers in India.
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✔️ Technically & Fundamentally Strong💪💪
The company recently posted an Amazing Q3 Result.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Like, Comment & Share 😄😄😄
It's a calm expiry that ends on a high.It was an interesting week apart from the gap up and gap down. With a calm expiry, I could squeeze the premium from 15550 PE and 17550 CE. The position itself gives me 0.8%. A nifty cross of 200MA Nifty will have to move from here if nothing bad happens. Vix also gave a cool down that will help the option seller, even after such a huge gap up opening today. The volatile movement I am expecting a retest from those support ranges because the gap up helped to get nifty above 200MA. Let's keep an eye on these because the uncertainty is still there. Any news can influence the market. I keep an eye on NIFTY above 17500 and below 16850. We need to respect those levels.
As I am coming to my expiry, I keep rolling my PE and CE (17400CE) and PE 16250 and 16350, and I keep booking the profit. At one point in time, the CE side gave bit of worry and i used to sell CE heavy 17400 and come out with high profit nearly 3%.
TECHM ready for the uptrend!🤩💸🔥Buy Tech Mahindra for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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💡Key triggers for future price-performance:
1) Healthy deal wins, traction in communication segment led by legacy modernisation, 5G, customer care, automation, network and cloud to drive revenues.
2) Pruning of low return geographies, acceleration in Europe and improving demand from lift & shift deals to drive 13.6% CAGR growth in FY21-24E.
3) Margins in the near term would be impacted due to continued higher employee and subcontractor costs but are expected to recover.
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Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q3 result.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE 😄😄😄
Vedanta ready for the uptrend!🤩💸🔥Buy Vedanta for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Future view:
The steady growth in both - volumes and metal prices - along with optimum utilisation of capacity should translate to strong growth across verticals in the coming months. Furthermore, the company’s foray into the mining of critical minerals such as nickel and cobalt with significant potential in the manufacturing of stainless steel and lithium-ion batteries for EVs bodes well for future growth.
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✅Both Technically and Fundamentally strong stock.💪💪
The company recently posted the best Q3 Result.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
EUR/USD Analsysis [WAIT]As evident from the chart, the pair is in a strong downtrend.
Suppose the price reverses from the 1.105 level and hits the 1.1135 level. There is a strong chance that it will continue the downtrend; wait for it to again fall to 1.105 level, then it can be sold, using 1.1135 as STOP LOSS.
ELGIEQUIP is ready to equip the profitsELGI EQUIPMENT is showing us a good triangle pattern.
It's a small triangle pattern but can be useful for swing trading.
Maintain the trailing stop loss in every profitable trade.
The Redline is 1st target line as well as the first resistance line and if 450+
Risk Management is capital management (Based on your risk appetite) and Trade management is the technique or a strategy from which you carry out your current profit.
Trade on your own risk management and trade management tool
As the market is showing no clear direction, be cautious for not just this trade, but with every trade