Profit booking has set in for the shorter term in this sector
#DIVISLAB After a fab run up since May 2017, meaningful correction has set in
#NIFTYFMCG: this sector is also witnessing some serious profit booking
Charts of few heavy weight stocks within the FMCG sector:
#HINDUNILVR : Classic reversal pattern has set in in monthly charts, i.e. Evening star formation at the top.
Even on weekly it has broken a upward sloping TL
#ITC
A lot has already been said abt this stock ๐ท
#NIFTYENERGY
Looks good trading near ATH, however usually stock/index doesn't clear the resistance in one go.
If it consolidates at the higher level and then gives a fresh BO that would be favourable!
Charts of few heavy weight stocks within the Energy sector:
#RELIANCE : Came up with a good set of numbers, lets see where it goes from here
#ONGC PSU stocks can behave basis rumors, news ahead of the upcoming event Budget, but its trading near ATH however usually stocks are unable to clear the resistance in one go
There are some years that become a dividing lineโญ๏ธ
2021 is one of the most incredible year of my life, worked on so many new stuff and I'm glad & grateful that I found a great friend and a business partner @AdityaTodmal ๐ค
Also, Thank you โค๏ธto everyone who has joined me๐
As we look forward to 2022, letโs do a quick round up of all the threads ๐งต for the year 2021
Learnings from one of my favorite Trader & Youtuber Mr. Subasish Pani @subasish_pani of ๐ฃ๐ผ๐๐ฒ๐ฟ ๐ผ๐ณ ๐ฆ๐๐ผ๐ฐ๐ธ๐ fame from the F2F interview conducted by @Vivbajaj Sir of @elearnmarkets fame
Time for a thread ๐งต
โข After being a successful in cash, futures & option buying in intraday Subasish is currently a Positional Option Seller
โข Probably an only option seller who sells Deep ITM options