ANIKINDS - All Time High BreakoutResistance line since 2009 and price breaks the same this month.
Stoploss - 65 Rs
Entry - Good Time to Enter
First Target - 90 Rs
Second Target - 100
ANIKINDS trade ideas
Expecting Flag breakoutHigh probability trade setup to increase the capital 25 and 50 percentage with risk of 3 percent. Let's see how it works. This is for educational purposes only.
ANIK INDUSTRIES - BreakoutANIK INDUSTRIES broke out of a counter trendline with good volume. Can expect a good up-move in short term.
CMP - 41.50
Target - 50/58
SL- 34
There seems to be a minor resistance near 45 levels. Entering 50% after closing above 45 will be suggested.
Study the stock & Trade Responsibly.
anik industries studyTrading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
[Basket] Anik Industries Cup and Handle PatternGoogle their project - One Rajarhat. Set to delivery on next Puja. PS: I myself visited the site.
They have huge real estate portfolio owning a huge chunk of land in AA I of Newtown.
As per the charts.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
