Its said, "Knowing risk tolerance level is the key to success in trading". Let me explain this with an example. Refer the above chart. Two traders A and B saw double top formation and decided to go short. Trader A used leverage above his risk tolerance level. Trader B took trade as per his money management.
Both traders went short. After few minutes price start...
When a person is new to trading, they dont have any strategy or system to trade. They trade randomly. After getting experience one learns the importance of following a system in their trading. A system is nothing but a simple set of rules for entry, exit, stop loss, money management and taking partial profits.
The rules are simple, but its not that easy to follow...
In such a great market Media has Shown Terrible Performance.
Both Weekly and Monthly Charts showing weakness and Support Region on Weekly is still far.
One can see further correction in these stocks.
Do not catch this falling knife and wait before you try to invest huge in any of these
My Favourite Stocks here are;
Media sector has seen breakout EOD chart with price closing above all time high
Going forward till 3000-3200 holds expect upside upto 3370-3510-3680 levels in short to medium term
With price trading above key moving averages will add to further strength
nifty media index was in rectangle formation, breakout is seen on charts.
top constituents by weightage :-
1)zeel- 49%(major )
if index has to reach its rectangle breakout target then zeel has to participate .
we expect zeel to hit 600 plus targets in November series as per chart setup