STAR BEARISH; AS PREDICTED ON 09 AUG 2017

STAR ROCKSS ACHIEVED FINAL TARGET 950

TOTAL PROFIT: 17500

FOR LIVE TRADING LEVELS WHATS UP ME

ON 09039542248

DAILY CHART FOR STAR 

AGAIN STAR TURNS FROM BULLISH TO BEARISH

SELL STAR BELOW 985 TGT 970/950 SL 1000

 

FOR LIVE TRADING CALLS WHATS UP 

ON 09039542248

STAR  is bearish. and is forming continuation pattern in short term charts, it is likely to show correction with the breach of the support level of 985, where one may initiate the short position in it for the targets of 970,950 while stop loss can be placed at 1000.as the stock is managing to trade below its 200,55&22 days moving averages with the RSI of 40, In the stock if it manages to sustain above the immediate resistance level of  1000 . then ,It may reverse again towards bullish side. and traders can buy above 1000 for target of 1025/1045 with sl of 950.

DAILY CHART FOR STAR:

FEARS OF TRADING & HOW TO OVERCOME THEM

I recommend beginning with article " Fears of Trading" which lists and explains each type of fear - it's more than just being afraid to lose money. lists the fears as the following:

1.Fear of Losing Money

2.Profit Turn into a Loss

3.Fear of Being Wrong

1. Fear of Losing Money: The fear of losing when making a trade often has several consequences. Fear of loss tends to make a timer hesitant to execute his or her timing strategy. This can often lead to an inability to pull the trigger on new entries as well as on new exits. As a market timer, you know that you need to be decisive in taking action when your strategy dictates a new entry or exit, so when fear of loss holds you back from taking action; you also lose confidence in your ability to execute your timing strategy. This causes a lack of trust in the strategy, or more importantly, in your own ability to execute future signals.

2. Profit Turn into a Loss: Unfortunately, most market traders do the opposite of "let your profits run and cut your losses short." Instead, they take quick profits while letting losers get out of control. Why would a timer do this? Too many traders tend to equate their net worth with their self-worth. They want to lock in a quick profit to guarantee that they feel like a winner. How should you take profits? Once a trend begins, we stay with that trade until we have enough evidence that the trend has reversed. Only then do we exit the position..

KEEP AN EYE ON LT THIS WEEK FOR 07-11 AUG 2017

buy lt  above 1175 TGT 1200/1220 SL 1140

FOR LIVE TRADING LEVELS WHATS UP
ON 09039542248

Primary trend of the LT  is bullish and, it is forming bullish pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 1175 ; Overall trend of the stock is bullish and after experiencing short term correction from the level 1200. if the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 50, one may expect the targets of 1200/1220 in the stock if it manages to sustain above the immediate support level of 1140. 200 EMA can see as a strong support at 1040. it is likely to experience fresh buying with the crossing of 22 EMA , where one may keep the targets of 1200,1220 in the stock with the stop loss of 1140.

DAILY CHART FOR LT:

STAR BEARISH; AS PREDICTED ON 27 JULY 2017

STAR ROCKSS ACHIEVED ALL TARGET 1040

TOTAL PROFIT: 32000

FOR LIVE TRADING LEVELS WHATS UP ME

ON 09039542248

DAILY CHART FOR STAR 

IN THE LIGHT OF RESULTS ; CUMMINSIND BULLISH

buy CUMMINSIND above 1000 TGT 1019/1040 SL 975

FOR LIVE TRADING LEVELS WHATS UP ME

ON 09039542248

Primary trend of the CUMMINSIND is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 1000 ; Overall trend of the stock is bullish and after experiencing correction from the higher level. as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 60, one may expect the targets of 1019/1040 in the stock if it manages to sustain above the immediate support level of 975. 55 EMA can see as a strong support at 950. it is likely to experience fresh buying with the crossing of resistance level of 1000 . Today, CUMMINSIND closed above monthly pivot point levels. Pivot point of 975 seen as a strong support on intraday charts.

DAILY CHART FOR CUMMINSIND:

NIFTY TRADING TIPS: RBI MONETARY POLICY ; REPO RATE CUT BY 25 BASIS POINTS TO 6%

THE RBI CUT THE REPO RATE BY 25 BASIS POINTS TO 6%,TRIGGERING HOPE OF LOWER BORROWING COSTS FOR HOUSEHOLDS, AND COMPANIES AHEAD OF THE FESTIVAL SEASON.