Rule : Rising channels can be traded in 2 ways
1. Buy at lower end of the channel and book profit at top of the channel (Never buy breakout from the Rising channel / Buy near top of the channel)
2. Sell only the breakdown from raising channel below previous low
My Learnings
Many asked me on Rain Industries.
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) June 16, 2021
Rule : I never Buy near Top of the Raising channel or the breakout from the raising channel.
Why? do some back testing. We may miss the move if it breaks out channel but chances are 20% but getting caught 80% is brutal.
My learnings. pic.twitter.com/Kfok8z6V3U
More from Shivaji Vitthalrao🇮🇳
Below 336 I see 275 in few months as long as its trading below 388 on closing basis CMP 351. https://t.co/iMRpbTfOpU
Your analysis and sl saved my time and some bucks otherwise I would've lost much bigger amount,
— lavish gadia (@gadia_lavish) August 10, 2021
Can you share your views on praj industry @shivaji_1983
155-175 Major support and also retest of breakout.
275-220 Probabable targets in medium term.
#PRAJIND https://t.co/dsbj25WPbQ
Thanks. Praj Industries perfect smart distribution. More weakness below 336. Rise to 355-365 can face selling pressure.
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) August 10, 2021
Below 336 I see 275 in few months as long as its trading below 388 on closing basis CMP 351. https://t.co/iMRpbTfOpU pic.twitter.com/mKwgDwreaU
What was on the charts ?
Once 135 was crossed there was no looking back @moneyworks4u_fa
Lots of hints given 😊🙏
#NTPC -- On the verge of 13yr breakout above 140-144 can do 170-180 pic.twitter.com/eDBGHVqlYz
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) March 24, 2022