Do u make/have "view" on all stocks u see???
Read this 👇👇
When I was new into the market, i was fortunate to be guided by good senior traders. They used to answer my doubts, share their views with me and tell me how did they come to certain trend via a after analysis.
1/11
This reduced my learning curve a big way. I did not had to wander around aimlessly for too much of my initial times.
But this interaction had a worse effect too. Majority of those who were around me had a view on all the stocks.
2/11
It made me to think that having a view on all the stocks come across my way is the epitome of expertise. I was working towards that goal.
But how?
That's what I want u all to know.
I was using nearly all tools in charting platforms such as moving averages of all lengths,
Ever Bullish Trend & EverBullish Stocks - What are they and How to identify them?
(advt.)💐💐💐
There are some stocks which are in "Ever Bullish Trend" irrespective of any market sentiments, be it negative or positive.
1/4
For equity traders who are looking to gain some 30-50% of move in medium term such as 4-12 months, these stocks are the best to invest their cash
But
What are EverBullish stocks?
How to identify them?
Are there any objective characteristics in them?
2/4
I will write a detailed article on it this week at ConfluencE channel.
The general qualities of such stocks,
How to identify them
Potential entry set up they usually give
with a complete list of EverBullish stocks trades at NSE
3/4
Many of u know candlestick patterns, RSI and other indicators. moving averages, Bollinger Bands etc.
Many of u know charting and exact trend analysis
But so many of u struggle in market to be profitable consistently.
Is this lack of knowledge? No definitely not.
1/5
But then how would u connect a good analysis with profitable trading ???
If u can find answer to this question,
then u can start ur journey as a profitable trader and take it up as a serious career
2/5
This weekend I will address this issue with a complete article discussion at ConfluencE channel
With Example on Most Popular method of Trading 'Breakouts"
3/5
I will describe a small personal story with analysis and trading on IRCTC
Here is the IRCTC chart with few numbers are marked in it. I will walk u through the analytical and psychological aspects behind it, point by point.
1/13
1
Strong uptrend
Pattern is under formation
Let me wait for the completion of the pattern
i will go long here
2/13
2.
Pattern formed completely
next day a red bar formed with low volume, i thought supply is less
good to go long next day, if today high is broke out.
Next day, previous high broke out with good volume
Perfect to go long at 2767
Successful bullish reversal after Retesting the recent breakout is the least risky method to go long in strong trending scrips.
Indorama
Welspunind
Mhril
Chennpetro
1/5
Real challenge is finding the right scrips. Whiel making breakouts, stocks will be there in all sorts of news and websites while those on retest where its available far cheaper, will go unnoticed