Bank Nifty : On a weekly chart Bank Nifty made an inside bar pattern , a powerful pattern in volatile instruments
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I've covered 6 stocks today and working on 3-4 more Stocks. Though, I've checked each aspect but 👇
** You still need to keep a track of fundamentals every quarter**
#Stock No 1
#BlackRose Ind ( Chemical)
MCAP 829 Cr
Fundamentals 👌🏻
Technical 💪🏻
Already covered Business and Financial previously and can check again below. Stocks hasn't run up in recent
One more addition to the #Multibagger list:#BlackRose Ind: A consistent Performer in Chemical Industry.
— TheMillionaire \U0001f1ee\U0001f1f3 (@BornToBeSucceed) July 8, 2020
Thread 1/1
Primarily in the business of chemical distribution and chemical manufacturing, as well as textile manufacturing and renewable energy generation.
#Stock No 2
#IEX (Platform Business)
MCAP 10,162 Cr
Fundamentals 👌🏻
Technical 💪🏻
This is also covered preciously and can check detailed thread on below
A thread on #IEX and why you should invest..
— TheMillionaire \U0001f1ee\U0001f1f3 (@BornToBeSucceed) March 7, 2021
Business: IEX allows participants to purchase electricity for the same day through intra-day contracts, for the next day through day-ahead contingency, on daily basis for rolling seven days through daily contracts and Weekly
#Stock No 3
#Gland ( Pharmaceutical)
MCAP 39,447 Cr
Stock PE 51.9
ROCE. 30.2%
ROE 23.4%
**Major revenue comes from B2B
**Quality products
**Aim to file 20-25 ANDA each year
** Positive Management & great future outlook
#Stock No 4
#happiestminds ( IT)
MCP 7,675 Cr
Stock PE 53.7
ROCE 42.8%
ROE 83%
**Strong & experienced Management & Promotors
**OPM % has increased from 4% to 27% from Dec'19 to Dec'20.
**Significant improvement in Net cash flow
**Positive Commentry on Future outlook
An inverse occurrence is about to witness failure, awaiting for its impact .
#CandleTrading tag would help you understand more of some of these ancient yet effective techniques...
#CandleTrading : #Bullish #Belthold#Pattern #Psychology :Pattern importance could be traced back to the traditional #Japanese sport of \u2018Sumo #wrestling'. The importance of \u2018Mawashi ( Wrestlers Belt) \u2019 & its tactical move for gripping the opponent to throwing him off the ring. pic.twitter.com/lN60xad6Ma
— Sacchitanand Uttekar (@Sacchitananad) August 16, 2020
Have compiled his:
1. Expiry day trading.
2. Trade logics.
3. Multiple Charts analysis.
3. BTST criteria for stocks.
Share if you find it helpful so that everyone can benefit.
A pdf of his moneycontrol article where you can read about his journey and how he trades.
— Harsh (@HarshAsserts) September 11, 2020
Advice on how to not let your mood influence your decisions.
When trading,moods will want to influence ur decisions
— Banknifty Addict (Gaurav) (@BankniftyA) December 29, 2019
How to minimize:
-Have a backtested plan/system
-Know yourself(emotion and panic levels)
So trade size is important to keep ur emotions in check
-dont focus too much on pnl
-have a back up plan ready
& last stay positive!!
Expiry day Trading:
How to become better?
When I had spoken to him on phone he advised me to backtest all expiries and rigorously practice them again and again to develop conviction. Superb advice!
Backtest the complete expiry and practice again and again till u develop conviction
— Banknifty Addict (Gaurav) (@BankniftyA) November 5, 2020
Acts based on support and resistance levels from charts
Support and resistance levels based on technical charts on various time frames.
— Banknifty Addict (Gaurav) (@BankniftyA) December 19, 2019
Breaking any of the above, leads to a direction
and then only directional play.