Nifty Looking StrongNifty is positively holding its crucial resistance zone near 17400. Today's strong closing near last 3 days high opened the gate for 18000 in coming session for nifty.
In tomorrow's session (i.e.,21st Oct) either a huge gap-up or one side rally (if opened near today's close) is expected.
Trendtrading
EURUSD is heading towards the Parity Level.Hi Friends,
EU is Bullish Retracement on 4hr time frame.
Daily, Weekly is Bullish Close. But, Monthly is on Still Bearish Trend pressure.
It may be Heading towards the 1.0000, above the parity level. From Parity Level there was probability of going Bearish/Bullish after the Break of the Structure.
Kindly, Trade with the Risk & Money management Rules. Thank you, Happy & Safe Trading.
Mindtree LTD About
Mindtree is an international Information Technology consulting and implementation company that delivers business solutions through global software development.
Sector : IT - Software
Industry: Computers - Software - Large
Market Cap ₹ 51,070 Cr.
Current Price₹ 3,089
High / Low ₹ 5,060 / 2,649
Stock P/E 28.7
Book Value ₹ 349
Dividend Yield 1.20 %
ROCE 41.5 %
ROE 33.8 %
Face Value ₹ 10.0
PROS
Company is expected to give good quarter
Company has delivered good profit growth of 31.6% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Company has been maintaining a healthy dividend payout of 32.6%
Company's median sales growth is 17.5% of last 10 years
CONS
Stock is trading at 8.85 times its book value
Latent View Analytics Ltd Latent View Analytics Ltd provides analytics services such as data and analytics consulting, business analytics & insights, advanced predictive analytics, data engineering, and digital solutions. The company provides services to blue-chip companies in Technology, BFSI, CPG & Retail, Industrials, and other industry domain
PROS
Company has reduced debt.
Company is almost debt free.
CONS
Stock is trading at 7.45 times its book
Though the company is reporting repeated profits, it is not paying out dividend
Earnings include an other income of Rs.49.7 Cr
Note ;- Wait for entry Level
GBPJPY will be Short till 162.00
GBPJPY will be Short till 162.00, its a bullish retracement .
here is a strong Demand Zone at 162.00 .
Hopefully, we can see bullish from 162.00 with some small retracement to Long 170.00.
Trade safe with Tight Risk and Money management.
Thanks for Likes and Boost Friends.
Zeel Uptrend continuation NSE:ZEEL
Time Frame : Daily
View : Bullish for Short term, Swing and Long Term
Technical :
1. Trendline Breakout
2. Perfectly moving upside steadlily and respecting uptrend
3. Falgun Indicator : On Border i.e. breakout of 273.15 moves this stock in Bullish territory.
Pattern : Symmetrical Triangle Pattern Breakout
Buy : @ > = 274
Stop Loss : 262 - 263
Target : 280 - 299 - 327 - 356 - 375
GujGas Down Trend | Short tradingIf we see it overall making lower low and lower high in week time frame and day time frame
- but there sub trend is going on higher high and higher low so it has finished its mountain climbing but now its time to down step for few days
- it looks good opportunity now for PE buy option
happy trading
[Positional] CAMS Long IdeaCAMS is in strong up momentum now and it has broken the trendline, it was follwoing since last six months. A goog long postion can be taken in CAMS once it breaks last swing high of 2491.
Entry :- 2491
SL:- 2185(last swing low)
Target:- 2950
Target should take some time to reach - anywhere between 2-6 months.
EURUSD near Demand Zone EURUSD near Demand Zone retracement it can bounce to Long till 4hr Supply zone. We may expect some Bullish on EURUSD this week. Thank you Friends.. Happy and Safe Trading. Plz, Don't forget that Trading is the Probability always use Risk and Money Management.
Note: This is my Analysis, Its an Educational Purpose. Thank all.
Rules to keep in mind while trading to became successful traderMost traders and investors treat trading as a hobby, because, they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Anyone who wants to become a profitable stock trader need only spend a few minutes online to find such phrases as plan your trade, trade your plan and keep your losses to a minimum.
For new traders, these things can seem more like a distraction than actionable advice. If you're new to trading, you probably just want to know how to hurry up and make money.
Each of the rules below is important, but when they work together the effects are strong. Keeping them in mind can greatly increase your odds of succeeding in the markets.
Key Takeaways
Treat trading like a business, not a hobby or a job. Learn everything about the business. Set realistic expectations for your business.
Rule 1: Trade based on Rule, when in doubt, stay out, Always Use a Trading Plan
Rule 2: Treat Trading Like a Business, not as a hobby
Rule 3: Proper position sizing is the key
Rule 4: Use Stop loss never trade based on hope, Protect Your Trading Capital
Rule 5: Constantly Analyze your mistakes and try to learn from it, become a student of the markets
Rule 6: Think about the risk potential before your reward potential, Risk only what you can afford to lose
Rule 7: Develop a methodology based on Facts, The objective is not to buy low and sell high, but to buy high and to sell higher
Rule 8: Trend is our real friend so Don't fight the trend
Rule 9: Never, under any circumstance add to a losing position
Conclusion
Understanding the importance of each of these trading rules, and how they work together, can help a trader establish a viable trading business. Trading is hard work, and traders who have the discipline and patience to follow these rules can increase their odds of success in a very competitive areas.
This post is just for educational and motivational purpose,
See you all next week. 🙂
RK
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.