XRP possible scenario I see playing outI think that the month of NOVEMBER was very strong. A possible correction to it's 50% looks probable. I think the price will drop to 0.45$ but I'll be conservative and place my re-entery at 0.50$. And I'll leave some money on the table, incase it goes lower I'll dollar average cost. Remember I sold some XRP up at 0.66$. So, I'm looking to get back in. I didn't sell everything, just a small portion so I can accumulate more letting my money work for my future money. God bless.
Risk
NOCIL testing upper resistance on daily basis(Possible Breakout)NOCIL is a specialty chemical company and is related to rubber manufacturing chemicals. With the auto sector starting to resume business, the demand for these chemicals by tire manufacturing companies with gain traction. Fundamentally it is a good stock.
Currently, it is trading in a zone and testing the upper resistance regularly as per the 4hourly chart.
In the last 3 trading sessions, the script has crossed its 50 and 100 days EMA
.
Volumes have also marginally increased in near term
It seems there is a probability of breakout and the stock reaching the levels of 98 in the near term.
The stock has good fundamentals (check on tickertape) as it meets all the investment checklist and available at lower valuation hence can be held for mid to long term for stable gains.
CNBC has recommended the stock for long aswell.
(Please note these are my personal views and for information purpose only. Invest at your own risk.)
Trend is our Best Friend* Before you expecting anything else from this graph just look at the daily and weekly and Monthly graph
* ICICIBank is getting support from its 100 DEMA and 200 DEMA sharply
* Now ICICIBank is above all average as well as the Near of all Average Respectively 426-418-420-400
* There is some consolidation in Hourly graph if Nifty continue above 11325 then it will be upper side Breakout
* If any one want to pre attempt then Buy with current Price 427 and stoploss would be 420 First Target 438- Second target will be 445
* Try to hold the Position ones you out of Loss
Trading - Risk ManagementHi ,
All the post are on trading /technical analysis. So thought of putting something on risk management .
What is Risk Management ? Now don't look blank, if your in markets you have to know about it.
Does every trade has risk and Is quantum of profit assured ? Yes every trade comes with risk and no assurance of profit.
How much risk can you take ?
Lets begin by example , Let say you have capital of 1 lakh.
Than the Basic risk you can take is 7 % of capital , why 7 ? I just divided 1 lakh with 13 (fib number) , we get 7.69 (approx 8) which is also fib number. So lets round it to lower side 7 so 7 % of capital .
So your risk profile is 7 thousand on capital of 1 lakh, if you decide to take 2 trade it becomes 3.5 thousand per trade ,
3 trades is 2300 per trade.
What risk reward ratio trade you can take ?
Risk : Reward has be 1:2 minimum , 1:3 and above is better , 1:1 risk reward can ruin you out of market
(Refer : Google it : Nauzer Balsara :Risk to ruin)
What position size you can take ?
So once you know your risk is 7 thousand on capital of one lakh and let say you decide to enter a trade with stop loss of 10 Rs than the position size you can take is 7000/10 = 700 shares ,i.e you cannot enter into trade where lot size is 5000.
How muck risk can you take per day , per month ?
Your risk per day and per month remains same , if you suffer loss of 7 thousand on capital of 1 lakh in between the month than you have to wait for next month for taking a fresh trade (Remember markets are forever but your capital is limited)
Rather than taking 7% risk you can choose it on lower side also like 6,5,4 as per your choice,
Above points should act like a reference.










