MARUTI - Logic and plan in detail
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✺ LOGIC ✺
✣A pattern above Monthly support = Good to go Stock for long but What about entry?
✣Pink Trendlines: Symmetrical Triangel supportive and resistive equally
✣Blue trendline: Use to be an Amazing Support now a resistance ( Strong one )
✣Yellow trendlines: Parallel channel
✺Plan
✣Let it Breakout all the trendlines mentioned in the Logic section then go for a long as I would have done that according to my RR ratio
✣Above 7500 the stock might touch 8000 again and might even go higher
✣Risk: Stoploss can be either BO candles low or if you have patience then you can go for the swing low that is - 6800 ( might be 10% from your buying spot, but the reward will be = 10% to 12% at 8000 to 8200 supply zones )
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🔰 {Some info}
âž¼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
âž¼I hope you will love my simple analysis style.
âž¼Feel free to suggest your view on this as learning is earning here :)
âž¼I take my trades on my Zerodha account :)
âž¼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<<Thank You Have a Nice Trading Day>>>>>>
✺ LOGIC ✺
✣A pattern above Monthly support = Good to go Stock for long but What about entry?
✣Pink Trendlines: Symmetrical Triangel supportive and resistive equally
✣Blue trendline: Use to be an Amazing Support now a resistance ( Strong one )
✣Yellow trendlines: Parallel channel
✺Plan
✣Let it Breakout all the trendlines mentioned in the Logic section then go for a long as I would have done that according to my RR ratio
✣Above 7500 the stock might touch 8000 again and might even go higher
✣Risk: Stoploss can be either BO candles low or if you have patience then you can go for the swing low that is - 6800 ( might be 10% from your buying spot, but the reward will be = 10% to 12% at 8000 to 8200 supply zones )
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🔰 {Some info}
âž¼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
âž¼I hope you will love my simple analysis style.
âž¼Feel free to suggest your view on this as learning is earning here :)
âž¼I take my trades on my Zerodha account :)
âž¼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<<Thank You Have a Nice Trading Day>>>>>>
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