Don't be biased in the market. Even if the stock has moved up a lot, it is consolidating tightly near the highs. This consolidation was much needed. I will look to go long with more tightness & the follow-up BO, if any. Not long yet. the stock is still strong.
Tata Elxsi

More from The_Chartist 📈
It is important to analyse the strength of the breakout. If the price does not continues the move in 1 or 2 sessions and candles show long upper wicks, it is better to bring the SL closer. Distribution sign.
Will be helpful in next breakouts. https://t.co/AtZOj4bKeT

Learning: Strong breakout
— The_Chartist \U0001f4c8 (@nison_steve) July 2, 2021
1. Breakout candle will have no upper shadow or extremely less compared to the body
2. Volumes will be high (to avoid retailers to enter & also big hand absorbing all the selling)
3. Pullbacks will be rare/very less
4. Happens after a long consolidation pic.twitter.com/YTHDOnEdxo
I believe 5-10 stocks are enough for a retail investor to achieve super performance. And with small capital, there is no point in buying 20/30 names which doesn't even get appropriate initial capital.
Stock: CDSL
— Steve Nison (@nison_steve) December 16, 2020
CMP - 516.95. Low risk setup. Weak below 500. Target open. Stock retesting the ascending triangle BO line. Kindly check please. @nishkumar1977 @Rishikesh_ADX @VijayThk @kuttrapali @Thekalal @PAVLeader pic.twitter.com/PlcpOMsdnz
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Tata Elxsi - Daily I track this chart and waiting for a big kill in this. You have to act like a cheetah sometimes waiting for the weakest hit.
— Steve Nison (@nison_steve) August 10, 2021
There are times when you must sit patiently to catch your prey. pic.twitter.com/CRoBHIetHE
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