11/11/2020 Research Report For PVRBuy @ CMP CURRENT MARKET PRICE
First Sell Target @ 1397
Final Sell Target @ 1500
Trendtrading
ITC can demand zone reverse the downtrend?ITC after making high of 360+ n shown an headand shoulder breakdown to 135, there is a strong demand zone between 167 n 150 which MAY act as trend reversal zone(as of now no sign). Can keep this under radar. Targets n supp resistances mentioned in monthly chart.
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APPROACH YOUR RISK FIRSTStock market is not made for retail traders to win. It is made for them to lose and that is the only way professionals can make money.
They will drift retailers out in a shake out and force them to commit on the wrong side of the market. And trust me or not, this is the only way they can make money in the stock market.
There are a few reasons why the professionals are ahead of retail traders in this game..
Firstly Its not possible for retail trader to have an information edge that the professionals have. So let's just ignore this factor and stick to the charts.
The professionals trade on the 'right' side of the market. Means they trade in the direction of trend. When I say long term trend it is the higher time frame charts like weekly or higher. They would leave no stone unturned to keep retail traders out of the market, untill they are already sitting on huge profits. They would either stop retailers out or they will push the price too fast for late retail entries. Later professional exit on retail buy orders.
They might trade pullbacks but from a short term perspective. When most retail traders are convinced that the trend is down and shorting, professionals start accumulation. Then on a very fine morning the price opens gap up and game over.
Second reason is that professionals are experts in money management and risk management . They know how much they are risking on one trade and how much on the whole portfolio. This is where most retail traders fail. Retail trades are overwhelmed with emotions such as greed & fear and keep on losing more and more. They would not book small loss and keep on averaging down losing more and more.
Its important to follow a plan and identify the risk involved in the trade. As per my view no retail trader should take more than 1-3% of their capital as risk on one trade. Similarly, the profit target should be at least double the size of risk and this is for all type of traders.
Ex if your account size is 100000 then risk on one single trade should be between 1000 to 3000 rupees only. Target should be at least 2000 to 6000. You can always trail your stop loss for higher targets, depending on the market conditions.
Lastly the stop loss should never be kept too tight or the volatility will kill your trade. If stop loss is wide, you can reduce the number of stocks to manage risk or just pass-on the trade.
Hope this approach will help a few traders to be good money managers.
Regards
INDIABULL HOUSING & FINANCE Long position ??Hii this is trader Kanishk
Today IBULHSGFIN is trending in on my Radar
and i am going to take a long positional trade.
YOU CAN ALSO
Target 254
Watch this video complete then take decision.
wether BUY Or SELL.
this is a bear market phase and this is not the recovery this is the bullish trap .
so please always take trade after managing your risk reward .
Guys let me know you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio more than this . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Guys you can also follow me on twitter for any queries.
Larsen Buying Alert!!!!Today an idea to L&T
Be careful
Buy when trendline will break
dont do hurry
BUY LARSEN & TOUBRO
After watching the full video till end. I have discussed everything about this trade setup.
After confirmation of trend change
After following all the steps told in this video.
This is a bear market phase and this is not the recovery this is the bullish trap .
so please avoid yourself to put the long positional trade at this time without any confirmation.
Please watch this video complete and follow all the steps .
Please do the multi timeframe analysis during these type of phases .
Guys let me know you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio more than this . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Guys you can also follow me on twitter for any queries.
Long Tata Global above PDHIf PDH broken go long,
If PDL broken + Swing low not broken, then long on the second break
GRASIM | Weekly Trendline defining termsStock exhibits sustained weakness in Weekly time frame. Falling Trendline holds valid and rejections have been pretty strong whenever the stock hits it.
Currently the stock has hit the Trendline again wherein we could also spot 38% FIB retracement adding strength to the resistance.
Though the above points guides us to take a strong bearish view, we need to be aware of recent higher low formed which might be an indication of Bulls putting a little fight and bear trend losing momentum. That takes us to the point where in a break below the recent rising Trendline or a break below 810 level could cancel out any weakness for Bears.
Considering the overall picture, the stock still inclines in favour of Bears and a break below 810 will only make the case stronger. Alternatively, a Weekly close above 930/950 levels might indicate a long term trend reversal in favour of Bulls.
UBL: Stretching Up in a Complex SetupBefore trying this idea it should be noted this is a high risk long trade setup. The price has been rising up inside a main uptrend channel and currently just tested the baseline of this channel and tending to move inside an another baby channel. I would like to buy as close to the baseline of the baby channel as possible.
There would be a breakout situation beyond 1135, where the Bat Action Zone would be triggered. It may take the stock as high as 1173 which is the PRZ as well as a previous resistance zone. I ll take PP @ 1160.
Always follow your trade management rules before trading my ideas.
Trade safe, stay healthy.
Do hit the like button, b'coz you know why :)
Regards
Bravetotrade