Asian Paints took a bounce exactly from the level given on 21st October.
It has string resistance at 3200, so fresh up-move will be confirmed only when it opens above 3220-3230 levels
#ASIANPAINT
#DKBPositional https://t.co/Q6fTbK5VHM
Asian Paints also at crucial support line, bulls desperately need a reversal here, else it'll go in hibernation..... pic.twitter.com/VTfaMfpHXs
— Professor (@DillikiBiili) October 21, 2021
More from Professor
How to select good Breakout Trades:
Breakouts in the direction of the general trend
The longer the market is in a range, the stronger the breakout
Stock making higher lows near resistance zone
(lower highs near support zone is a sign of weakness)
Breakouts in the direction of the general trend
The longer the market is in a range, the stronger the breakout
Stock making higher lows near resistance zone
(lower highs near support zone is a sign of weakness)
Some ofthe biggest breakouts occur after Volatility Contraction, the analogy is that more a spring is pressed, higher it jumps whenever it gets released.
— Professor (@DillikiBiili) October 2, 2021
There is a VCP Scanner on chartink (Not mine). This may also be used to find potential Breakouts. pic.twitter.com/y1lmay7D4e
Starting the Beginner’s Pathway thread for Fundamental Investing.
One Chadarmod on timeline posted that I’m giving gyan without having experience or expertise.
So I’ll begin with paying my portfolio performance tribute to these charlies.
https://t.co/GNM5SsNFNo
Fundamentals based investing can generate serious wealth as the most famous (rather infamous) Warren Buffett has shown.
In India also we have many success stories like @VijayKedia1 @Raamdeo R K Damani Rakesh Jhunjhunwala Late Chandrakant Sampat and many many more....
Though I can't stop mentioning that both Rakesh Jhunjhunwala and R K Damani were traders in their initial days.
Rakesh Jhunjhunwala still trades, he once said Traing is fun, its le fatafat, de fatafat
A lot of people (specially the beginners) buy stocks based on some friend's recommendation : XYZ le le, pukka chalega, maine bhi le rakha hai.
Few might have made money this way, but most do not. Why ?
There has to be a process.
Fundamentals based investing need thorough analysis of the Business & Company.
Here is a preliminary checklist by the legendary investor Peter lynch
One Chadarmod on timeline posted that I’m giving gyan without having experience or expertise.
So I’ll begin with paying my portfolio performance tribute to these charlies.
https://t.co/GNM5SsNFNo
Sadda Haqq ! Aithe Rakhh......... pic.twitter.com/IH5q3v2gw9
— Professor (@DillikiBiili) October 5, 2021
Fundamentals based investing can generate serious wealth as the most famous (rather infamous) Warren Buffett has shown.
In India also we have many success stories like @VijayKedia1 @Raamdeo R K Damani Rakesh Jhunjhunwala Late Chandrakant Sampat and many many more....
Though I can't stop mentioning that both Rakesh Jhunjhunwala and R K Damani were traders in their initial days.
Rakesh Jhunjhunwala still trades, he once said Traing is fun, its le fatafat, de fatafat
A lot of people (specially the beginners) buy stocks based on some friend's recommendation : XYZ le le, pukka chalega, maine bhi le rakha hai.
Few might have made money this way, but most do not. Why ?
There has to be a process.
Fundamentals based investing need thorough analysis of the Business & Company.
Here is a preliminary checklist by the legendary investor Peter lynch
More from Asianpaints
#AsianPaint Low Pole and later Double top buy above SMA after a bear trap. the earlier low pole and immediate DTB has negated the bearish anchor column. upside counts are active https://t.co/MvfHWK1IKx
#AsianPaint
— \U0001f1ee\U0001f1f3 \U0001d4d0\U0001d4f6\U0001d4f2\U0001d4fd \U0001d4e2\U0001d4ee\U0001d4fd\U0001d4f1 (@MaverickAmit01) May 23, 2022
Is it an Out of Box Idea \U0001f914 pic.twitter.com/Lg6m0AfVXB