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CNXMETAL trade ideas

Newbie's Corner - Confidence about tradingOnce a newbie trader becomes an experienced newbie trader with knowledge, why he is still struggling in trading? With good trading strategies, good trade setups, and technical knowledge about indicators, he will be trading with confidence. But why he is not having confidence? I will explain two important factors here. First one is the expectation of holy grail strategy or trade setup. This type of expectation comes when a person is not ready to understand that 100% success trades are not possible. People who have this type of expectation will follow one strategy for some time, then switch to another one when they get few losing trades. They spend their money, time and energy in finding new strategies & testing it for some time before finding some other new strategy. Next factor is not having sufficient understanding about the strategy or trade setup. It makes a trader to lose interest on his strategy once he encounters few losing trades. The solution to trade confidently lies in back testing. Usually professional traders back test their strategy at least for the past 4 yrs. This makes them to understand how their strategy works in different market situation and to know the trading edge. Have you back tested your strategy? If not now is the time for back testing...
NSE:CNXMETALEducation
by vanathi
13
NIFTY METAL ABOUT TO GIVE BREAKOUT. TOP PICKS TO RIDE THE RALLY.NIFTY METAL IS ABOUT TO GIVE A STRONG TRIANGLE BREAKOUT AFTER CONSOLIDATION. Top 3 picks are: 1) Tata Steel: Tata Steel shares have rallied 240% in the last one year on the back of rising steel prices. Tata Steel deleveraged its balance sheet. The company repaid Rs300 billion of its net debt in the last financial year. In its latest quarterly results, the company reported better than expected numbers on the back of improved realisations in the domestic market. The rally is going to resume in coming days. 2) SAIL: Shares of SAIL have been up almost 300% in the last one year. As the largest producer of steel in the country, the company was the beneficiary of soaring steel prices. With steel prices at a record high, the company is poised to post its best-ever EBITDA. 3) Hindustan Copper: Riding on the back of buoyant copper prices, Hindustan Copper (HCL) shares have jumped 330% in the last one year. HCL is the only vertically integrated copper producer in India engaged in a wide spectrum of activities ranging from mining, beneficiation, smelting, and refining. Goldman Sachs have both said copper prices could hit $15,000 a tonne in the coming years.
NSE:CNXMETALLong
by Chinmayonniftyy