2/ What is RETEST ?
When a stock Breaks out of a range that is called a breakout point .
The resistance that it was facing should now act as support .
Retest means after the Resistance is broken the stock comes back to take support in that region
3/ MAJORITY of time stock comes back to test the previous breakout region .
I have seen that 90% of The breakouts gets tested again !
And most REWARDING EXPERIENCE for me is during Retests only
1️⃣Nifty BeES is an ETF (Exchange Traded Fund) by Nippon India, which tracks the Nifty Index.
2️⃣To explain in simpler terms, Nippon India takes your money and uses it to buy the equivalent number of all 50 stocks that the component of Nifty Index.
2/
3️⃣ Each single share of Nifty BeES is priced approximately 1/100th of the Nifty Index.
4️⃣If Nifty is at 14500, the price of Nifty BeES would be (about) Rs.145. So if you buy 1 stock of Nifty BeES, the ETF would have invested in all of the 50 shares in Nifty.
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5️⃣But you can say one can’t buy all of the stocks with just Rs.145. Right, but when lakhs of people buy it, the fund can buy enough stocks and your returns will be weighted according to your investment.
6️⃣ Will you return be exactly like Nifty ?
NO .
Do what No one does
When you see a strong Base building in a stock . Try buying at lower end of the base which will keep your Stop Loss Minimal .
Example : GOLDIAM
Bought at 940
Stop loss 920
Target Breakout and above
2/
Conditions :
Buying at support which is being tested multiple times in uptrend near 21 ema is important.
Do not Buy stocks in downtrend as stocks tend to fall .
PSYCHOLOGY :
We are just anticipating a breakout that will happen and doing an early entry.
This gives us edge
3/ Winrate :
Winrate will be around 50%
But the risk Reward ratio will be very high as Stops are very small .
Timing is important and use of alerts is required to have proper entry .
Recent Trade #PNCINFRA Where stop was hit
RETWEET SHARE ! @kuttrapali26 @AmitabhJha3
1/ What is NISM ?
National institute of Securities Markets.
NISM helps the market participants of India to develop their financial skills to the right level and expertise.
Website : nism.ac.in
RETWEET AND SHARE 💥 @kuttrapali26
2/ Which exam to choose from
There is a whole list of exams that you can choose from .
Ex : mutual Funds , Derivatives, banking etc
Depends on your Personal Goal
You can either choose :
EQUITY DERIVATIVES
EQUITY RESEARCH ANALYST
3/ Fees and validation
Different Exams have different Fees and Validation.
Generally lasting 3 years and minimal of 1500 Fees.
Test is online and can be given from your own place by checking the center availability.
A MEGA THREAD ON BREAKOUT TRADING 📖📕
✅How to Enter BREAKOUT ❓
⚠️How to reduce loss in case of False BREAKOUT❓
📈How to maximise and pyramiding in winning stock
1/ Rule no 1.
Never enter more than 50% of quantity in single go
Why?
If stop loss hits then loss will be minimal
If price advances in your favour then you can add more 50% in tranches
As and when resistances get cleared you can keep adding quantities at pullback .
2/ CASE 1 : IRB INFRA
Now add 30% at breakout region that was 140
If stock goes to 145 then that is a wrong place to add stocks