BASICS OF TECHNICAL
——————————————
Huge Volume in UPMOVE : Bullish Sign
Huge volume in downmove : Bearish sign
Huge volume but no upmove: Distribution
Huge volume but no downmove: Accumulation
Doji after significant downtrend: Bullish sign
Doji after significant Uptrend : Bearish sign
Price up with volume up : Bullish
Price down with volume down : Bullish
#stockmarket
Cipla Ltd
That’s roughly what Cipla has delivered over the long term. 📈
After this massive multi-year run, Cipla is now sitting near a key resistance zone.
Is the next big move about to begin?
🟢 Breakout
🔴 Rejection
🟡 More consolidation
If You plan to buy 1000 Qty of a stock then better do it in part instead of buying lump sum
-First buy 500 and see If stock moves up accordingly Then buy additional 300
If stock continue to go up then buy 200.
After first purchase you will know whether you right or wrong.
In case wrong then wait for reversal to buy more, don’t block all capital in a particular company.
Your capital is inventory if you are a trader And inventory should be moving for a business, if it blocks then business finishes.
#stockmarket
The biggest turning point in a trader's journey comes when they stop following tips and start thinking independently.
There is no perfect strategy in the market. Long-term success comes from discipline, risk management, emotional control, and continuous learning.
Trading is not a shortcut to wealth; it is a test of character.
Indian crude oil basket price is coming down.
On Monday the Indian crude oil basket price was at $ 82.
This is reducing the daily loss of OMCs sharply , to Rs 3 per litre .
This is a very good development for the Indian economy.