#CandleTrading : #Bullish

'Lord #NarsimhaPattern'

#Pattern #Psychology :
First long bar depicts the long pillar from which the lord emerges & kills the negativity

Name a listed company that has created wealth but its story is not well known or not well documented.

Just curious.

Thread :

Logarithmic v/s Linear scale chart.

Tried to capture the most important (but most ignored) concept in simplest language.

For many people, this is going to be an eye opener.

U may share this thread so that it can reach to maximum people of our traders community.

Story :

Assume that you have been recruited as an Engineer in 1990 in XYZ company with salary of 4 k.

Next year (i.e. 1991) you got 20% salary hike and now your salary is 4k + 20% % rise = 4.8K.

You got extremely happy due to salary increment of 800 INR.

Now after 30 years in 2021, Your salary is 1.2 lac and today your boss has approved salary hike of whooping 800 INR.

But wait, the strange thing is, You are not happy today.

Bt Why??

The reason is simple.

Hike of 800 INR in 1991 was 20% of salary and the same amount now is less than 1% of current salary.

I hope you got my point.

This is where the "Log" chart comes into the picture.

Log chart depicts the price (Y axis of chart) with unit spaced in percentage terms.

Means the distance between 1-100 is bigger than 1100-1200.

While in normal chart the distance between numbers/unit is uniform.

linear chart treats 800 INR in same way irrespective of year.

#Commodities #Metal

Listing out the shares in metal pack where we can ride the commodity cycle even from the CMP

Will be posting long term charts here

Share and like for max reach 😊🖖

#TATASTEEL

🔩Stock is in a sideways channel since past 15y

🔩Breakout above 750

🔩 A monly close above 750 will push the stock towards 950/1050 levels

🔩 Above that it would be a decade long multi-year breakout

🔩Its going for 200/300%+ gains

🔩 On yearly charts a triangle pattern breakout can be seen

🔩Rising iron ore prices are supporting the field

🔩 All over the world major economies are giving out big infra push to get the economy going

🔩This rally is shaping well with the fundamentals and economic recovery

Retirement Rule - 4℅ Rule or 25X rule

Retirement corpus required - Annual Exp X 25
Say, your annual exp is 6 lacs pa. So you need 1.5 crore to retire.
Invest 1.5 crore in stocks and debt (50:50) and withdraw 4℅ every yr, this corpus will outlive you with a 96℅ success rate.

This video titled "Retirement is about exploring your wide open future," is about just
The video is a fitting tribute from a historic rival, with an appropriate amount of respectful and good-natured humor.healthy respectful competition.#Competition #retirement #MercedesBenz

Positional Stock Buying Setup.....

https://t.co/VRJIRiWZkM

How bond yields impact the 📉📊📈 stock market & what should investors do ?

@smallcaseHQ
@zerodhaonline

#bonds

#bondyields

#inflation

content via @bsindia

🔽

#Nifty
March20 low of 7511, taking 75 days trading cycle , here's an observation

The low or high made on each 75th day, when crossed and closed above/below it , market has moved in that direction for the next 75 days, happened twice so far, next such date to watchout is 16 Feb.

A month gone by and this analysis is working out well so far 😉🤑

Gold Sentiment has collapsed to the lowest since the 2018 Bottom.

Price has formed a huge 7-Month *potential* ABC Bull Flag into critical support.

Positioning has been wiped out (charts later this week).

Look for DSI to turn up soon – maybe the initial stages of a big rally.

How do I approach and trade?
-> Draw lines at Daily, weekly swing High & Low
-> Draw lines at hours resistance & Support
-> Now Check the trend on daily and hourly and board trade with 20% Capital size naked with Sl.
-> Either Sl or favour move.

->As price reach these drawn line, check it for acceptance or rejection.
->Moreover you would find, Price goes near a level and stick to it or sustains there, in almost all cases it’s gonna big trending day.

-> As it gave breakout after consolidation but reverse very next candle, means BO traders has been trapped & 90% times there would b huge sharp fall in 2-3 candles back to day low.
-> If there is rejection, then trades accordingly.

-> Market reaches resistance and shows rejection, I ll short CE with same candle high as SL, next either Sl hit or favour.
-> If comes into favour, I ll exit at predefined calculated targets as per Eliot wave, Pivots, Price action you can follow anything, results are almost same.

If market seems range bound, play accordingly with non directional strategies.

#Fed predicts higher growth and higher inflation , #dx corrected sharply , If Dx eventually maintains below 91, Emerging market bull run may resume
#Nifty

@abhymurarka RAJRATAN - Leader in Tyre bead wire.

PAUSHAK - Leader in Phosgene Chemistry.

IONEXCHANG - Interesting biz in water treatment.

DYNPRO - Leader in food colours & dyes.

MOLDTEK - Proxy to consumption & paints.

DMCC - Very Interesting capital allocation & CAPEX plan.

(1/n)

ACRYSIL - Niche biz in hoke improvement Globally.

ASALCBR - Growing biz with good capital allocation, issue with promoter though.

NEOGEN - Leader in Bromine Chemistry, very interesting future ahead.

GANECOS - Vert interesting biz in PET waste conversion into yarn.

(2/n)

Interesting businesses in IMO with a good Industry structure now and going to improve in future with enough margin of safety.

Most of them generate decent ROCE, Earnings growth, clean balance sheets and cash flow conversion.

(3/3)

Sectoral Relative Strength Study
#Weekly

1. Nifty IT : On the verge of Flag BO-Strong RS
2. CnxFMCG :Retracing towards Breakout Zone-Weak RS
3. BankNifty :Digesting Gains after Breakout. RS needs to prove more during Pullback
4. CnxAuto :RS is shaping up well-Good on Pullback

5. CNXPharma : Approaching Resistance With Higher Lows- Would wait for Breakout to assess the sector again as RS is not in good shape yet!!!

Some key #Candlestick #Patterns which could light the way for every trader
Frequently seen;
#BearishEngulfing
#BullishEngulfing
#Hammer/#Spike
#BullishHarami
#BearishHarami
#BullishBelthold
#BearishBelthold
Rare
#HomingPigeon
#ShootingStar
#TweezersTop Bottom
#Island
#HangingMan

Some useful websites for investing-

Step up SIP Calculator-
https://t.co/Wa6oaBgHac

https://t.co/Nt5e8l3k3M

CAGR Calculator-
https://t.co/NNfy0x33eS

Stock Research sites-
https://t.co/wG26d3OMY8

https://t.co/kJb8xZI3NF

https://t.co/khNeWuZgtJ

😎😎Happy Investing 😎😎