If you have read the previous post on NF; I had mentioned a target and also mentioned that it might get support at 5345/60 and might ZZZZZZ again…Yups…a breakdown from the triangle…a retracement back inside the triangle…lead to nothing, but bruised bears and equally confused bulls…
From the chart above you can see that the scenario has changed from yesterday…but the bear battle line still remains breaking and closing below 5370 and the bulls will want to break and hold above 5415…and the pigs just don’t know which way to go other than…chop chop…
Two days back I had read an interesting post by Craig of TAZ trader and to quote him;
“There are three things I know about swing trading and the stock market:
1. You are doomed without a money management strategy.
2. Chart patterns can and will fail no matter how good they look.
3. There will ALWAYS be losing trades.
That knowledge is what has kept me in this game for so long…”
A lot of wisdom in the above words…accept these and trading will become a lot easier!!!
Any Comments on SBI?
ReplyDeleteHi Manoj
ReplyDeleteThanks from all of us for the OJN2 link inclusion,
:)
best regards
friends
Anon Hi..
ReplyDeleteWill see SBi over the weekend...
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Hey Mok
No thanks.....You have a nice team and doing gr8 work....
Pleasure to be associated with you guys...
All the Best!!!
Cheers!!!
Thanks Manoj,
ReplyDeleteIt was very thoughtful of u to add the ojn2 blog link here.
do drop in time to time and allow us to post links of ur blog which we feel are helpful for friends to read.
regards
RV
always benefiting from your "away from crowd" posts.. thanks manoj..
ReplyDeletei always remember you for your " sun screen" video sharing.. i just love it :)