Resistance zone: 5470-5520.... You just have to do 5 things:
1) Avoid Levereage... No stock buying on margin funding from brokerage houses
2) Get out of stocks (punter stocks ) which are not financially sound and u were stuck in that stock for months
3)Increase Cash: Book some profits as you deserve them, and ask for a payout.. Even if its a small amount --->> Go shopping or just spend them!!!... And Remember Cash lying in trading account is not equivalent to cash in hand.
4) Markets are approaching resistance zone of 5470-5520, that doesnt mean u will have naked short positions... You can Hedge your long positions but do go naked short. Short only when there is a sell signal and right now there is none.
5) Take rest, if you have been doing trading lot of trading since this May -->> upmove from 4800 to 5400... You dont have to catch every move in markets.. Wait for markets to decide themselves whether they want to take this resistance zone out or respect this resistance zone and correct to lower levels.
Stock View: Jp power
A perfect right angled triangle pattern been observed on the daily / weekly / monthly charts of Jaypee Power. Buy JPpower at current levels of 74 with a stoploss of 70.5 on closing basis and look for targets of 80/84 in short term...
Have a nice day
Regards
Ankit
No comments:
Post a Comment