BC ICICIBANK

Nikita Poojary
@niki_poojary 4 years, 10 months ago 845 views

#ICICIBANK
Bullish pennant in the making

More from Nikita Poojary

Few weeks ago @Ronak_Unadkat Sir conducted an exclusive session for me & @adityatodmal to explain how he trades.

He was kind enough to share all his trade strategies and was patient enough to answer our doubts.

Thought of making a 🧵for the benefit of the larger audience here.

Sir's Option Selling Logic 🧵:
• Reversals in Intraday Option selling
• Strike Selection & SL
• Hedging for any Black Swan Event
• Positional Option selling
• Ratio Spreads
• How to manage the positions
• Capital mgmt

In collaboration with @AdityaTodmal

How to play reversals
• Always look at the chart as a starting point
• Spot the Swing low
• Sell Strikes 300-400 points below that swing low
• Buy a proper hedge

• Example on how to play reversals on Intraday
• Instead of the selling the support strike sell a bit far

• As the strike is far from the support you get enough cushion

• As soon as the SL is hit, you can exit the positions

• without your strike coming into ITM

Nikita Poojary
@niki_poojary

Mr. Vijay Kedia built a net worth of over Rs. 800 crores.

But you probably never read past that headline.

So I binged hours of interviews to learn his investing principles and strategies.

Here are 20 lessons on investing from @VijayKedia1 Sir:

Collaborated with @AdityaTodmal

Before I start, a quick disclaimer, please don't ape his portfolio.

As the entry price, horizon and risk appetite would be far different than yours.

Rather lets draw inspiration and try to learn his stock picking skills.

Now let's DIVE IN👇

1/ Started off as a trader:

- Soon, beginner’s luck started to fade out and loses started to mount, to an extent where his mother was about to sell her ornaments.

- Although he was able to dodge the situation.

- This incident taught him the biggest lesson to have a stop-loss.

2/ Punjab Tractors:

- In 1990, he made his first investment by putting in his 10-years savings of Rs 35,000 in this stock, based on a news trigger that tractor industry will witness a turnaround.

- It worked and fetched him 4-5 times which he calls it as a fluke.

3/ He believes that an investor must possess three qualities:

i. Knowledge,
ii. Courage, and
iii. Patience.

Nikita Poojary
@niki_poojary

Some people think technical analysis is useless. But we use technical analysis in all our trades.

Here's a list of 13 technical analysis books to help you learn and grow: 🧵

Collaborated with @AdityaTodmal

1/ Stan Weinstein's Secrets for Profiting in Bull and Bear Markets.

The ideal time to buy/sell, using the best long-term indicators to spot Bull and Bear markets Odds.

Author: Stan

2/ Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market.

Selecting precise entry/exit points, preserving profits, and getting consistent 3 digit returns.

Author: Mark

3/ Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard How to develop the confidence to achieve super performance.

This is a follow-up book for trade like a stock market wizard.

Author: Mark

4/ Trading in the zone.

The author analyses from a psychological perspective the most common issues related to trading.

Author: Michael

Nikita Poojary
@niki_poojary

90% of the traders lose money in the market despite following the best systems.

They either fix the entries, exits or replace the whole system with a new one.

The only thing you need to fix is the MINDSET!

🧵 with Subashish videos.

Collaborated with @AdityaTodmal

The secret to getting from where you are to where you want to be:

1. Define clear goals.

2. Action plan to achieve the goal.

3. Act on the action plan.

4. Eliminate self doubt due to failure.

5. You 'll get the same output if you use the same input.

Motivation is what gets you started, commitment is what gets you going.

6. WHY: is the driving force towards your goal.

• Commitment is the determination of a person to achieve the said goals, no matter the obstacles.

You don't trade the markets, you trade your beliefs about the markets!

7. Limiting beliefs are false beliefs that prevent us from pursuing our goals and desires.

To understand more about belief systems read the book Super Trader https://t.co/AQNE7uhu2K

Discipline to follow rules is a mark of a top trader:

8. Check whether you have followed your set of rules.

9. Analyse the reasons for your profits/losses.

Nikita Poojary
@niki_poojary

How to save taxes on the trading profits for an individual

4 Legit ways to retain most of the trading income: 🧵

Collaborated with @AdityaTodmal

1. Divide your capital amongst your family members:

• Ensure they are not salaried employees as they might not be allowed to trade as per their employer's policy.

• Your family is your strength, not just emotionally, but financially too.

• E.g. your net taxable income works out to Rs. 50 lacs, as per the new tax regime, you are in the 30% tax bracket.

However, if you divide the capital amongst your family members in such a way that the net taxable income works out to Rs. 12.5 lacs per member (assuming 4).

This way the tax bracket gets shifted from 30% to 20%, clear saving of 10%

2. Expenses a trader can claim:

All the expenses directly related to the trading business can be claimed.

i) Rent Expense: If one has an office on rented premises, rent paid is a valid expense. However, you should have the rent receipts & rent agreement as valid proof.

More from Icicibank

Nimblr
@Deishma

#ICICI Bank heading to be the Darling of the Markets!.
.
If closes above 710 today once again hit the roof and must above.
.
Daily Chart CMP 701.35
.
1/3
#stockstowatch #watchlist #StockMarket #stocks

#ICICI Bank if gives a weekly close above 721 today may see 827 in next 2 months
.
Weekly Chart CMP 701.35
.
2/3

ICICI Bank 5min Intra Day Chart 12Aug20
.
It's Hot, Hot ..... Hot!
.
3/3

MaRkET WaVES (DINESH P...
@idineshptl

#ICICIBANK -715

Must move above 1 618%(728)
Working towards it.

#Probability

#ICICIBANK-549
Above ATH upside 629-727.
Short term risk 518.
Near term risk 488.
Long term accumulate on decline.

Further upside in long term perspective. pic.twitter.com/24KVRZgbm2
— MaRkET WaVES (DINESH PATEL ) Stock Market FARMER (@idineshptl) January 6, 2021

$Shivaji Vitthalrao\U0001f1ee\U0001f1f3$

Shivaji Vitthalrao🇮🇳...
@shivaji_1983

#ICICIBank -- Resistance at 800-805

Close/crossing above 836 opens doors for 4 digit target Rs.1000

Techno Prince
@Trader_souradep

Fresh breakout in #icicibank , if sustains above 695, stock can move towards 750
RSI & MACD supportive
#Nifty #bankNifty

Not trading call, academic post

$Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribe)$

Waves_Perception(Dines...
@idineshptl

#ICICIBank -679

Towards objective...

#ICICIBANK -747.65
Monthly chart correction likely continue till 0.50% Fibonacci retracement level.#Probability pic.twitter.com/DTtdkQC6HI
— Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribe) (@idineshptl) April 23, 2022

We should stop confusing what someone was doing when we became aware of them with all they are capable of, interested in, or ever hope to be

Let folks have their many talents, interests and gifts. Life is far more fun with variety, loves.

A lot of folks have come to know me as an activist & I’m grateful that folks care to know me at all.

But I wasn’t born in 2014. I was a whole teacher, executive, policy person, speaker, arts and culture lover, reader, writer, woman of faith, fashion and more before 4 yrs ago 🤷🏾‍♀️

We rightfully complain that marginalized people are not allowed to be fully human.

But we internalize and transfer our oppression daily. It’s a smog. We all breathe it in & act it out.

And then tell WoC “girl ain’t you supposed to be a _______? Why you doing ____?”

Can I live?

And don’t go reading anything personal into this-this isn’t about me necessarily and it’s no subtweet (I try hard not to do that.)

I’ve just been observing that behavior more and more lately. Especially when it comes to marginalized folks.

Evolution should be our aspiration.

“Can’t knock the hustle” should be our anthem.

As long as someone isn’t bringing active and continual harm, why can’t they explore their many sides?

Marina Amaral
@marinamaral2

Rio de Janeiro, 1920. 🇧🇷

São Paulo, 1910. 🇧🇷

“Arpoador”, Rio de Janeiro, 1900. 🇧🇷

“Avenida Paulista”, São Paulo, 1902. 🇧🇷

Recife, 1885. 🇧🇷

Nikita Poojary
@niki_poojary

One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a 🧵 to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book

The stock exploded & went up as much as 63% from my price.

Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
— Manas Arora (@iManasArora) June 22, 2020

Post that the plight of the

What an extended (away from averages) move looks like!!

If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
— Manas Arora (@iManasArora) June 24, 2020

Example 2: Booking profits when the stock is extended from 10WMA

10WMA =

#HIKAL

Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended

Total revenue: 11R * 0.25 (size) = 2.75% on portfolio

Trade closed pic.twitter.com/YDDvhz8swT
— Manas Arora (@iManasArora) July 2, 2021

Another hack to identify extended move in a stock:

Too many green days!

Read

When you see 15 green weeks in a row, that's the end of the move. *Extended*

Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K
— Manas Arora (@iManasArora) August 26, 2019