If everybody who is having high IQ and money can make money in sharemarket means there wont be any losers. To be a winner/gainer we have to be disciplined. Greed and fear should be in our control. We should not be in greed, fear's control. We are the king/queen of our own emotions. Let us see how fear and greed take control of our trading with an example. There...
MIC Electronics has taken strong support between the level 13 - 13.2. We can invest in MIC above 14. Targets are given in the chart. This is an investement idea and it will take months to reach the targets!
Buy Sbin above 277 stoploss 274. Target 280, 284 and 289.
West coast paper mills has broken the long term resistance with high volume indicating bullishness. The stock is having good uptrend for a long duration. One can go long above 148. Investment stock. In one year I expect the stock will gain 40 to 50 points. PS : Dear traders, please write your views in comments.
Banknifty has taken support in the level 20100 - 20150. It will move upside with the targets 20200, 20280, 20320, 20380, 20420. When it breaks 20420 we can add 20480 as our next target. Stoploss is 20080. Always use trailing stop to protect your profit! In yesterday's comment I have shown the support level for banknifty.
Nifty did not break its support 8715 yesterday(Feb 9th) indicating it is still bullish. Nifty is long with targets 8800, 8825, 8860 and 8880 with stoploss 8715. Always use trailing stop to protect your profit.
After taking support at 20200 banknifty is showing its strength with the strong bounce. Can go long in bank nifty above 20200 with stoploss 20150. Targets are 20320, 20380, 20420.
Nifty has taken support and bounced back from 8715. We can go long in nifty with targets 8825, 8860 and 8880. Stoploss is 8715. In my previous post we exit at 8810.
Infosys is in long term support area 900 - 915. RSI shows positive divergence. Price action closing above the trend line will decide whether Infosys is bullish or not. I have given the targets in the chart. PS : Investors and readers please share your views.
Mcleod Russel has taken strong support at the price 140 and moving upside. Targets are given in the chart. Very long trade!
Tatamotors has taken strong support at 506 and moving upside. Close above the trend line will indicate bullishness. Targets are shown in the chart.
DHFL is trending in long term supply zone 302-305. Any close above 305 is buy with target 320. But for a strong upside movement, I expect the stock to retrace little atleast to 292 level to gain momentum. PS : This chart is for educational purpose only.
CNXAUTO with bullish flag and trend continuation pattern.
When some one enters to the trading field, they usually do this mistake. They plan for the trade and enter it as intraday trade. They don't respect the stoploss and think price will move according to their wish. Before the end of trading day they decide to change it to positional or investment. This is a wrong attitude as intraday, positional and investment...
End of November I analysed and found Relinfra had good potential as investment. Support was at 450 - 460. Targets were 500 and 550. Target 1 achieved within 20 days, then price action again took support and now moving towards target 2. As Govt has more infra related projects, Relinfra has good potential as investment.
Buy nifty above 8752. Target 8770 8790 8810.