When I look back at my chartbook - get only one lesson.

Never ever book your profits at the target. Trail the stock till it goes. For LT investors, long-term charts with MA. Targets are to calculate the R:R ratio at the buy point.

Tata Power

Laurus Labs - I will look forward to add more of it in my investment portfolio between 570-590 zone as it coincides with my 30 MA principle on weekly chart.

Plan your investments as per your risk appetite.

IEX - soaring ahead in terms of business potential. A great platform stock to own. Power trading is only to increase in India.

D: holding in personal portfolio.

In this thread, I will explain to you the psychology behind the cup & handle pattern. The attached chart is of Balaji Amines.

Point 1 = Profit booking by many traders and fresh short positions opened taking the stock down till level 2 where there is no more selling

Point 2 - a level wherein the stock becomes attractive again for fresh buyers and short positions will be covered adding strength to the stock.

It moves back till point 3 which is now the psychological resistance level and would again see profit booking by weak hands.

But, this time the stock fell till point 4 wherein the buyers (smart hands) are willing to pay a higher price and further push out the weak hands absorbing all their selling. This is the ideal entry point for a risk-loving trader as this is the closest to the stop-loss point.

Finally, you see - in the whole process - the stock has shifted hands from uninformed retail investors to "smart hands". And finally followed by a cup and handle breakout. The target will be the depth of the cup projected upwards from the breakout level.

When to take entry for a conservative investor? At candle no 5 - the breakout candle and stop-loss a few % below breakout level.

In the next thread - I will explain to you how the same principle works for most of the patterns (No need to mug up the pattern names)

Varun Beverages - so far a stronger name holding up above all key MA.

Globus Spirits - pattern X target open is 680

Now, you can well recognize the pattern X after hundreds of tweets on this.

#tatapower

Cmp: 282.90

Above 290.6 close will be a Bullish Turtle Follow through.

Nearest Support: 250
If closes above 290.6 then nearest support could move to 276

Open Count: 372/ 468

#tatapower
- broke out of consolidation & gave ATH close
- volumes highest in 4 months
- COI rose by 6%, still it is avg
- Options data still slightly bearish.

I shall look for Long opportunity preferably on pullback to vwaps. (I generally avoid direct BO.)