BC TA

How to find out the expected targets and what should be the exit criteria when you enter a trade - 🧵

Possible ways to find out the target:

Check if any patterns forming - it gets quite easy to figure out the targets that way. (1/15)

Let's say cup and handle. Our first target in this case will be the height of the handle and final target will be height of the whole cup. It's the same with H&S. First target will be the height of the shoulder and final will be the height of the head. (2/15)
In triangles, the targets will be height of the whole triangle.

Sometimes, after hitting the first target.. stock starts consolidating or take a retest of the breakout. On some occasions, stock gives one sided move non-stop.. without any pullback. (3/15)
A lot depends on the stock behaviour too. If a particular Index gave a breakout, then too stock gives final target without pullback.

Also, if stock gives weekly breakout and market is trending during that time.. even then it gives a one sided move. (4/15)
Recently, we've seen many such stocks -- Kotak Bank, TataMotors, TataPower.

Other helpful thing I learned from @Traderknight007 about exit criteria is using volume expansion and DMA/EMA. I began using it and benefitted. This is recently observed in TCS, DLF & many others. (5/15)
Now let's talk about extended move. When a stock gives one sided rally in short period of time, it's extended move.
In large caps, it's generally an extended move when stock is away 20-25% from 50 EMA and midcap/small cap give 30-35% move and then pause a little in trend. (6/15)
However, exceptions are always there in extended move like Mindtree, IRCTC and IEX. You can book partial profits there if targets and this condition meet and you can simply use Trailing SL for partial profits. Let's take an example of DLF. (7/15)
DLF Daily timeframe has changed trend. It began moving upside and gave breakout. Formed Inv. cup & handle and gave breakout again followed by rally of 20-25% from 50 EMA. First target was 355-60 as per handle target. Also, it has already moved 20-25% from 50EMA. (8/15)
For more understanding, go through this amazing thread of @Traderknight007 👇

https://t.co/5N6hcW6SOm

(9/15)
Now let's talk about Trailing SL

Trend followers prefer to trail their profits but you can do it as per your comfort. Just make sure you have an exit plan.

Trailing has many methods. Being a price action trader, I use swing lows and candlestick for trailing. (10/15)
I also like Supertrend (10,1) to trail short term trades.
There are many other ways too.
@Traderknight007 has written this one more amazing thread you can go through and put this information to use. (11/15)

https://t.co/Pysa6LDK4t
Trailing is the best way to be in a trade and ride the trend as far as stock gives a move. You can capture the big move too through this. You should use trailing SL till your target shows up. It's always advisable to use one fixed method to trail SL. (12/15)
With a strong Index, stock gives easy move but if Index is sideways or weak- stocks troubles you for your target. This makes trailing SL important to minimize your loses. Once you get follow up post breakout or 2 bullish candles, start trailing your SL immediately. (13/15)
In trailing, sometimes our TSL triggers due to volatility but be ready for re- entry.
If stock breaks last swing high, enter again and use same trailing SL method. It's difficult initially to enter same trade from higher price but good opportunity shouldn't be missed. (14/15)
The trick is to not look at the price and simply follow the chart. Take a smaller quantity if you don't feel comfortable but make sure you don't miss the trade.
Having an exit plan is as important as entry plan. I hope it helps. (15/15)

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The first ever world map was sketched thousands of years ago by Indian saint
“Ramanujacharya” who simply translated the following verse from Mahabharat and gave the world its real face

In Mahabharat,it is described how 'Maharishi Ved Vyasa' gave away his divine vision to Sanjay


Dhritarashtra's charioteer so that he could describe him the events of the upcoming war.

But, even before questions of war could begin, Dhritarashtra asked him to describe how the world looks like from space.

This is how he described the face of the world:

सुदर्शनं प्रवक्ष्यामि द्वीपं तु कुरुनन्दन। परिमण्डलो महाराज द्वीपोऽसौ चक्रसंस्थितः॥
यथा हि पुरुषः पश्येदादर्शे मुखमात्मनः। एवं सुदर्शनद्वीपो दृश्यते चन्द्रमण्डले॥ द्विरंशे पिप्पलस्तत्र द्विरंशे च शशो महान्।

—वेद व्यास, भीष्म पर्व, महाभारत


Meaning:-

हे कुरुनन्दन ! सुदर्शन नामक यह द्वीप चक्र की भाँति गोलाकार स्थित है, जैसे पुरुष दर्पण में अपना मुख देखता है, उसी प्रकार यह द्वीप चन्द्रमण्डल में दिखायी देता है। इसके दो अंशो मे पीपल और दो अंशो मे विशाल शश (खरगोश) दिखायी देता है।


Meaning: "Just like a man sees his face in the mirror, so does the Earth appears in the Universe. In the first part you see leaves of the Peepal Tree, and in the next part you see a Rabbit."

Based on this shloka, Saint Ramanujacharya sketched out the map, but the world laughed
IMPORTANCE, ADVANTAGES AND CHARACTERISTICS OF BHAGWAT PURAN

It was Ved Vyas who edited the eighteen thousand shlokas of Bhagwat. This book destroys all your sins. It has twelve parts which are like kalpvraksh.

In the first skandh, the importance of Vedvyas


and characters of Pandavas are described by the dialogues between Suutji and Shaunakji. Then there is the story of Parikshit.
Next there is a Brahm Narad dialogue describing the avtaar of Bhagwan. Then the characteristics of Puraan are mentioned.

It also discusses the evolution of universe.(
https://t.co/2aK1AZSC79 )

Next is the portrayal of Vidur and his dialogue with Maitreyji. Then there is a mention of Creation of universe by Brahma and the preachings of Sankhya by Kapil Muni.


In the next section we find the portrayal of Sati, Dhruv, Pruthu, and the story of ancient King, Bahirshi.
In the next section we find the character of King Priyavrat and his sons, different types of loks in this universe, and description of Narak. ( https://t.co/gmDTkLktKS )


In the sixth part we find the portrayal of Ajaamil ( https://t.co/LdVSSNspa2 ), Daksh and the birth of Marudgans( https://t.co/tecNidVckj )

In the seventh section we find the story of Prahlad and the description of Varnashram dharma. This section is based on karma vaasna.