Technical Calls:SBIN,TCS and WelpsCorp
“The best trades are the ones in which you have all three things
going for you: fundamentals, technicals, and market tone. First, the
fundamentals should suggest that there is an imbalance of supply and
demand, which could result in a major move. Second, the chart must show
that the market is moving in the direction that fundamentals suggest.
Third, when news comes out, the market should act in a way that reflects
the right psychological tone. For example, a bull market should shrug
off bearish news. If you can restrict your activity to only those types
of trades, you have to make money, in any market, under any
circumstances.”
“I think to be in the upper echelon of successful traders requires an innate skill, a gift. It’s just like being a great violinist. But to be a competent trader and make money is a skill you can learn.”
“Perhaps the most important rule is to hold on to your winners and cut your losers. Both are equally important. If you don’t stay with your winners, you are not going to be able to pay for the losers.”
SBI has fallen on record volumes on friday as NPA as risen and technically stock broke its rising trendline.
“I think to be in the upper echelon of successful traders requires an innate skill, a gift. It’s just like being a great violinist. But to be a competent trader and make money is a skill you can learn.”
“Perhaps the most important rule is to hold on to your winners and cut your losers. Both are equally important. If you don’t stay with your winners, you are not going to be able to pay for the losers.”
SBIN
Sell below 1876 Tgt...
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posted by Bramesh at
8:51 AM
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