#DeepakNitrite - Waiting to Explode

The best traders are all directional traders.

We should be investing our time into learning what the best traders are doing.

I have traded with @niki_poojary for the past year, who is an aggressive directional trader.

Here are my 10 learnings trading with her: 🧵

1. Learn directional trading

If you want to be the best, you have to be very good at gauging the direction of the market and then betting aggressively.

Practicing this style over a lot of years will give you an edge which will help you compound your account quicker.

2. Levels based trading

Premium-based sellers put an SL of double or triple in the system which has a very high probability of taking your SL.

Irrespective of premium price, just stick to the charts.

A simple understanding of S&R enables you to take trades on levels.

3. Patterns

Chart patterns are necessary to understand market trends and to predict further movements, which helps us in deploying our trades accordingly.

Eg: A symmetrical pattern means prices have squeezed a lot and an expansion is soon on the cards.

Cont. 👇🏻

Likewise, after a strong momentum, some consolidation can be expected.

Entry/Exit triggers can also be determined on the basis few patterns.

She focuses on:
1. Symmetrical Triangles
2. Rectangle breakouts
3. Flag breakouts
4. M or W breakouts
5. Range breakouts

#FREETIPS
Pivot Rules snapshot
A free one page cheat sheet for pivot based trading that could probably be sold for a hefty price ....
Rem: This is just a broad set of rules. There are many advance rules more than this.

#DEEPAKNITRITE
Might test the baseline of the pattern along with the descending resistance.

#StocksToWatch

#Eicher has a habit of making large move after sales number.
Usually an up move, let's see how the cookie crumbles this time.

A very pertinent question investors ask:-

"When to sell a stock?"

A small thread🧵which can help u in this process

Hit "Retweet" to educate maximum investors

Lets go👇

(1/20)

First things first:-

There is no set methodology to decide when to sell a stock.

Everybody has their own framework.

These are just some pointers that work for us.

One should create their own framework

(2/20)

Many investors have an anchorship bias.

They never sell in loss even if the fundamentals are deteriorating.

Numerous examples like Yes Bank,DHFL,Vodafone Idea can be seen where retail investors are now stuck.

Don't shy away from admitting mistakes and taking losses

(3/20)

So when to sell a stock?

1. Framework for investment not working out:-

Fundamentals of the company deteriorate:-

When we invest in a company....we create a broad vision of how the targets the company will achieve in the next 3-5 years.

(4/20)

Each quarter we just make sure that the company is slowly moving toward the guided path.

There can be delays due to business realities.

If the company completely digresses from the required path!

Eg:-

Since 2018,Sterlite tech saw a sharp deterioration in fundamentals

(5/20)

#INDIAGLYCO
1093
W Pattern in htf with second low undercutting the first low, which is a powerful setup.
Broken out of the pattern today at 1060-1075 zone.
Good to go long at cmp with a stop of 8-10%.
Good luck.

#BHARTIARTL
15 Min.
H&S pattren
Sell 744
Target 738/30
Sl 754
⚠️Risk is completely yours⚠️
#chartview

#SRF
2700
Breaking out of weekly box consolidation / W pattern.
The higher the tf, more effective the patterns. High possibility of going up further.
Long suggested at CMP for targets of 3300-3400 zones with a 8% stop.

US Yield Curve Inversion Precedes Recession

RECESSION 1
Dow Jones -5%
Nifty -23%

RECESSION 2
Dow Jones -37%
Nifty -27%

RECESSION 3
Dow Jones -15%
Nifty -15%

@dtbhat sir bought #ADANIPORTS for delivery.
Looks like 840 - 1020 on cards

#KPITTECH
can KPIT Tech Repeat its previous price movement.

If Yes the It may trade above Rs 1000+ by June End .

upside of 60%

CMP 600

$KPITTECH.NSE
VCP Breakout
High Volumes on Up days
Stock in STage 2 Uptrend
Small Stoploss Trade #kpittech

Bajaj Finance

LTTS - A stock that had fallen 26% from Recent High. consolidated around the 200 DMA. Now attempting to rally , making HH and HL. Looks set to seek 5700+ levels. Committed buyers also coming in. By Conventional TA there is a Gap to be filled as well.