This post is for the followers who shared the information about their loss in trading. They motivated me to write this post. Newbie traders blow up their trading account or face heavy loss in the process of learning to trade. So what to do next after a heavy loss? When we have heavy loss our mind becomes unstable and we do irrational things. First we have to stop...
Trend line break has happened at 88 - 93 level. For those who missed the chance to enter at that level, can wait for the break out above 115 with the stop loss of 99 for the targets 123, 129 and 135.
Price action is consolidating. Bullish above 30800 for the targets 30940, 31120, 31300, 31520, 31660 and 31800. Bearish below 30400 for the targets 30200, 30000 and 29500.
Price action is giving bull flag break out. Buy above 138 with the stop loss of 134. Targets are 143 and 147.
Price action is forming bull pennant. Bullish above 11620 for the target 11680, 11740, 11820 and 11880. Bearish if the pattern fails.
Query : Can I buy HCL Tech? Answer : Price action is nearing the support zone, but uptrend will get confirmed once the price closes above the trend line. Trend direction will be decided in coming days by the movement of price. Have to wait & watch whether the support will support the price or break it.
Price action is forming bull pennant. Expecting the break out.
Price is bullish above 11060 - 11080 for the targets 11120, 11160, 11220 and 11280. Bearish below 11020 for the targets 10960, 10900, 10840 and 10780.
Sustaining 28000 - 28050 will push the price towards 28180, 28320, 28540 and 28800. Bearish below 27920 for the targets 27800, 27560, 27420 and 27200.
Trading is a job where we need to take decisions by our own during trading time. A newbie trader expects himself to be a profitable trader in a short duration. Like all profession, trading needs experience to succeed in it. Once a newbie understand this, he wont have great expectations about himself and it will reduce the stress which is created with the...