BHEL Wipro and Just Dial Gann Analysis

BHEL

Positional Traders can use the below mentioned levels

Close above 142 Tgt 146/151

Intraday Traders can use the below mentioned levels

Buy above 142 Tgt

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Will Bank Nifty break 19158 or 19367 for next move ?

As discussed in Last analysis  Bulls need close above 19367  for target of 19650/19766, Bears below 19000 for target of 18800/18500. Till 19158 is not broken its buy on dips market. Low made was 19282 , High near 1932, Bank Nifty bears unable to break 19158 and Bulls were unable to close above 19367 suggesting fight is on in between both of them, Bulls need a close above 19367 and bears below  19158.Price are near the gann vertical line as shown in below chart suggesting impulsive move is round the corner.  What separates amateur traders from the professional trader

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Will Nifty Bull Hold or break 8577 tomorrow, EOD Analysis

 As discussed in Yesterday Analysis   Bulls above 8723 can see move till 8851/8900, bears below 8577 can see move till 8520/8484. Its been 22 days we have traded in range of 204 points 8517-8721, suggesting market is seeing time correction frustrating traders and hitting SL, traders who survive  this phase by applying risk and money management are rewarded handsomely in the next move

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What separates amateur traders from the professional trader

How can a professional take the same trade as an amateur yet end the trade at a profit or be in a better position psychologically after taking a loss? Its similar to a professional sportsman who might lose a match but end up winners in subsequent matches. Every trader experiences losing trades. Professionals and amateurs may have similar outlooks on a market, but oftentimes they end up with different results.So lets discuss the main difference between a professional and amateur’s perspective.
Focus on your system’s effectiveness and not individual trade outcomes. Trading is a  WAR, Losing 1-2 battles does not make you to lose a WAR. This is the mantra of Professional Traders.
If you plan to become a successful trader, you will need more than one trade to make a career. Lessen the impact that each individual trade has. That way, you can accept losing trades without losing sleep.
Do not be afraid to exit when you notice the market moving against your

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Reliance Canara Bank Cipla Supply and Demand Analysis

Reliance

Intraday Traders can use the below mentioned levels

Buy above 1021 Tgt

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