960 is upon us again. ICICI Bank has a number of factors lined up this time. However there is one missing piece that i would like to see fall into place to confirm this breakout Several breakouts in ICICI Bank have failed in the last 12 months. This time maybe different Other banks like Axis, PNB are moving strongly, so a move in ICICI Bank was expected ...
Nifty needs some time to digest the current upmove. It is pretty extended from the 21 EMA and the 50 EMA See the video to understand why patience is your friend right. Staying light and not adding aggressively is the key. Wait for lower levels - 19400 or so Short? No as we are very much still in a bull market! (remember - higher highs and higher lows)
4th base taken out. This is a relentless rally in ITC - now the top performing Nifty 50 stock by a long margin. It reminds me a lot of TESLA in 2020 - is ITC the TESLA of India? Mutual Funds are buying the dip - they know this stock is the top performer and want in We have made 4 bases since the rally started at 300+ in 1 year. Thats unique. Usually the 4th...
The right way to make money in low volatility stocks is via calls and puts (as they are generally priced much lower than the expected move). The risk reward in this case can be far better than just plain cash buying (so 1:3 or 1:4 at times) Britannia is fundamentally strong (good results, ROE, etc) - healthy management commentary. This is an update as the stock...
Vedanta has a few things going for it Bears tried to bring the stock down a few months back and failed. News of fund raising kept it high News of capital efficiency is coming in and news of a new fund raise by selling off steel assets COnsolidation on a weekly and daily basis - the stock seems to be waiting for some news Results will come soon but the...
Video highlights similarities with the last earning cycle as well as a good way to play this stock. Disclaimer - Trading stocks is risky & 95% of traders as per SEBI statistics lose money - with 60% losing most of their capital in 12 months. So, the odds are stacked against anyone trying to make a living in the markets. All the ideas here for education &...
Bharti continues to be a good trade on the long side. The markets are a tad soft after a big run from 16800 levels - and a bit of a soft period for the Nifty in the next couple weeks can be expected. So would stay light on the long side as of now - very selective. However Bharti is one stock would stay very productive on because Shake out on 14th of June -...
3 Reasons why the Nifty may perform better than BankNifty in the next few months Banks are relatively overbought - Esp ICICI, SBIN, Kotak, HDFC FMCG, Auto could help the Nifty outperform Vs Bank Nifty Bank Nifty has hit its life high and reversed - the Nifty still hasnt
I recorded a short video to talk about the process of looking at a stock. Starting with the fundamentals and then coming to the short term movements. This is more educational in nature and can help avoiding mistakes like Looking at chart patterns and taking trades - only to see the stop loss getting hit Overtrading, getting out of good trades early - getting...
In bull markets, the fastest way to build wealth is to trade great setups- make 10-15% and then move onto the next one.Keeping money in very fast rotation. TVS is great coz Auto sector is doing well and hence there are tail winds Solid consolidation with stock touching life high while in consolidation (this is a bullish sign) Volatility compression - and a...
Although I am still bullish on ITC, there are some warning signs that anyone long / anticipating needs to be looking for and this may save you a lot of money if the stock does reverse from a test of 450+ - volumes have dried up recently indicating that there is not much supply at 450 (which is good) Stretched on the monthly / weekly momentum - although still...
Monthly squeeze settings up and firing long on Nifty Index Nifty has been in a 2 year consolidation patterns and finally looks strong It reversed back from 18900 last time as it was overbought - this time its not. And almost all market gurus are pessimistic and forecasting lower Nifty levels Buy September 18000 - 19000 call spread for just INR 400 (thats...
Britannia touched a LTH within a consolidation. Here are things to look at Stock pattern Figuring out institutional positioning How do we as retail traders prepare and what homework to do Setting up alerts on this stock at 4700 and 5000 - and why Optional - Maximize gains through options when you are right - make 2-3X more than stock. Or just buy cash...
Having a plan of action before a stock you hold comes to a crucial point is essential. You have 3 decisions to make in ICICI Bank as it comes to LTH. All eyes will be on 960. I hope these rules help There are sellers at 960 - if the stock moves there slowly it will get hit back - possibly all the way back to 940 Just like happened in ITC - we need to clear...
Indigo has broken through life highs and moving towards 2500 plus. This template can help you both if you are long as well as if you are thinking of buying now. Or more imp - if you are long and Indigo corrects by 5-10% (which it def will on its way higher) What sparked the rally in Indigo? Bearish sentiment, Go Air or crude oil - and why its imp to understand...
Midcap results have been far better than the large caps like TCS and Infy. The midcaps are more in their niches and the revenues / profit growth is mid teens to 20s. Their margin profiles heave stayed steady. Persistent & other mid caps have already rallied close to life high. One stock that maybe next is LTTS (L&T Technology Services) Supportive picture with...
ITC India is bullish and the top performer in the Nifty for 2023. Now in a pullback - obviously everyone is thinking about how to get in. ITC results were outstanding and the street has high targets. However buying at Life highs is fraught with risk - so how to do that successfully is what this 2 min video is about. Disclaimer - I am long ITC and looking at a...
Here i show 5 measures to look at whether the market will continue higher or correct. We have had an almost 12% rally from the lows of April - so people are worried. However, look at these 5 measures and then take a call - dont make spur of the moment decisions only on the basis of yesterdays price action. Take all the below into account... DXY Nifty Heat...