From a long term perspective the stock is overvalued. The stock hasn't realized the potential of ecommerce business & the potential that the platform has in creating an ecosystem for the digital world. Tesla is what Facebook should be but the hype in the streets always churns out the dirt creating an illusion of value. The real value/(money) is always silent,...
Idea uploaded for self-analysis. Not to be taken as a trading opportunity.
Idea uploaded for self-analysis. Not to be taken as a trading opportunity.
In the words of Sir Ray Dalio, "Due to the lack of free-market buying of US debt, the central banks had to buy it and had to print a lot of money to buy it with so much so that they drove rates down to “artificially” low levels, which “artificially” supported financial asset prices. Now, there’s just so much money injected into the markets and the economy that...
Every Institution has an edge around its price levels, which means they can dominate the trend from that level. We can clearly notice how buyers are getting weak around the selling zone making exhaustion candles and sellers getting weak around buying zone doing the same. Usually, in range trading, we trade the breakout of the range in whichever direction the...
What is Price Action when it comes to understanding stocks? There are more than 100 Indicators that are present in the market today. And they all are lagging Indicators. They were made in order to extract money from the retail traders and not help them make money. You have to understand one thing very clearly - The only aim of stock markets to exist for...
The information that we gather from the chart is that the stock is around it's resistance line. That gives us enough insight as to how we should trade the script. How to trade this particular idea ? 1. As seen in the past the stock has strongly reacted around the line with good candles. We can assume that the stock will repeat it's behavior again (although...
*This is not a trading Idea nor this is a prediction but validation of some facts that are emerging now* "The longer it takes to correct, the more disastrous the crash" Markets went berserk in Jan 2018. The crash was due but was delayed because of economic & monetary policies. The reason behind delaying it was to save the big corporations & bailing them out to...
Every dip is an opportunity to buy more. Use the coin only for Savings & not for Expenses. P.S. - Thanks to Elon Musk (for the fall).
In short - Nifty is Overbought/Too Expensive/Too Hot to enter long currently. The further Nifty moves upwards the more expensive it'll get and higher the risk of negative short term returns/losses in case of futures. An inclined rally in a higher time frame is always followed by a dip. Step aside for the rest of the week and wait for any dip.
Stock crossed 200 EMA and is heading towards a 5 year old resistance level (around 2000). Closing above 2100 is good to go long in the stock. Resistance can become support after facing second one with additional support from the trend line.
Anyone who has strived for anything in life has faced resistance (or is bound to face it). That's probably one of the universal laws of life. Just like Nifty we face it too in our lives. But if you observe in the longer run persistency matters the most out of all. All the ups & downs of life will look similar to 2008 & 2020 (March) if you keep going. It's the...