Good consolidation seen in a Flag Pattern. A BO from this on the upside could result in a good move. It will require a lot of patience for this to work out. --- --- --- Financial Freedom You need to work hard to be among the top 2 % of the people in the world who are chasing freedom from the rut of " earning " money, and trying to " make " money.
Very interesting bounce on the weekly TF. Trade activates only above the previous weeks close. --- --- --- "It is literally true that millions come easier to a trader once he knows how to trade, than hundreds did in the days of his ignorance." - JL
Redline = Stoploss Greenline = Resistance (book half and trail) Blueline = Possibility. --- --- --- Tips can come from all-weather friends, relatives, financial analysts, TV channels, social media and many other sources. Consider the suggested stocks 'only' as potential candidates. Never invest without your own further analysis.
Overall market is in a corrective phase. Trade with caution and in small quantity. Increase quantity only when the sentiments improve and the trade picks up momentum. --- --- --- Trading without a SL is like drive without brakes, will anyone ever do that !
When you approach the markets with equanimity, all stories are thrown away and what remains is just the market, as it is !
If you have not (yet) noticed, trading is mostly waiting. You've got to relax and let things happen.
Repeating flag pattern indicating a high probability of continued uptrend. Never trade without a SL. --- --- --- It is amazing, life changes very quickly, in a very positive way, if you let it. - Lindsey Vonn
Entry triggered at BO / retest level Redline = SL Blueline = Possibility (but always better to trail SL and protect profits) --- --- --- It will be easy ? NOPE Worth it ? ABSOLUTELY
Greenline = BO Redline = SL Blueline = Potential --- --- --- What you do today can improve all your tomorrows. - Ralph Marston.
Better to wait for some pullback (to somewhere around 845-850) to make the RR more favorable. Green channel = better entry Redline = SL Blueline = Possible target --- --- --- Start where you are, Use what you have, Do what you can. - Arther Ashe
As per flag pattern formation, a decisive BO above 4390 might show momentum for levels of upto 5500 - 5525 I say patience...till BO level is taken out. Strict SL below 4550 --- --- --- “Frankly, I don’t see markets; I see risks, rewards, and money.” - Larry Hite
Clear BO and entry for a Cup & Handle Pattern with SL at 600 and possible targets of 900 + --- --- --- It does not matter how slowly you go, as long as you do not stop. - Confucius
Since there has been multiple attempts to break this level, it is best to enter only and only if the price sustains above 3950. Trade with strict SL = Redline for possible targets = Blueline --- --- --- “The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading. I know this will sound...
A close above 1145 might trigger an upward momentum that can take the price to its previous high (Blueline) Never trade without a SL (Redline). PS: A previous trade in this same stock failed and took the stoploss happily. Time to explore new possibilities, again. --- --- --- “The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting...
BO done, can enter now as well on possible retest. Blueline = Probability Redline = SL --- --- --- We do not profit from yesterday's growth, but the growth of tomorrow which will gives us profits in the Stock Market.
Entry active Redline line = SL Bluelines (2) = Probabilities Trail SL after first blueline. --- --- --- Following your passion and hobbies is really good for overall wellbeing. Whether you can turn that into your carrier is a total different thing. #Trading for a Living.
A clear BO from the HnS pattern increases the probability of good returns. Redline = Stop Loss Blueline = Potential possibility Greenline= BO Keep trailing SL to minimize downside risk and protect profits. --- --- --- You will never win if your never begin. - Helen Rowland.