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Personal Finance on

by steppenwolf

Stealth

[TRADING] HOW I CAPTURED 100%+ COUNTING RETURNS IN THIS STOCK FROM NOV CYCLE

Link to my 1st Post where i discussed about SBI. https://share.gvine.app/yYujDrw15CLsLxC59 I have scaled in 70% in SBI. (Avg 635). Bank Nifty is struggling but this is the Risk Reward kind of trade for me. I just took 1 trade in Small cap space last week GICRE  with Average buy price of 360. I will make a detailed post after it gives me more than 50% return or if i book out. In my next post i will bust a few myths/misconceptions related to trading and one of them might be holding you back from venturing into this field. At the end of the post i have given 5 stock e.g. check them out as well. --------------------------------------------- Why i selected Inox wind for the post not every stock in my small-mid cap portfolio is up over 100%. I wanted to show yall that capturing such a move is totally possible. You need not to have in-depth knowledge of fundamentals like margins, M3 money, Nifty PE, unemployment rate etc or business understanding in depth. With all due respect there is a reason why 99% of economists don't make massive wealth out of the market. Having a knowledge of these things is 1 skill & generating wealth out of the market is a completely different skill. I am trying to master the 2nd one so if you are an average person like me,Read ahead. It's not like I don't look at these fundamentals data points. You can have 1000 data points but you need just a few actionable ones. There is a thin line between analysis and analysis Paralysis. Most people get stuck in this paralysis. Sometimes i decide how much exposure i need to have depending on the dollar index sometimes depending on what crude oil is doing. But I don't over-complicate it too much. When to look at what data point we will get it with experience. I am still in the learning phase. Growth lies in small mid cap space and capturing such moves at the right time through just fundamentals is a stretch. That's where technicals come in for me. I can capture such moves. CHECK OUT THE COMMENT --

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Personal Finance on

by steppenwolf

Stealth

[Long Read] Complete Technical Analysis of SBI - Big Buying Opportunity ?

Here is the link - https://share.gvine.app/d85jqVYD85t9hqCSA I made that post on a whim. I added this here just to let you know that i have SKIN IN THE GAME. I know the ***t i am talking about and i am not going to be just blabbering. This is going to be a long read. India is at the cusp of doing something very special and there is an opportunity to make  massive wealth in the next 2 decades. I feel every working professional should look up to equities and get educated if possible.  If you have no idea of technicals, read this with an open mind, it might give you a new perspective. Technical analysis has a lot more to it than whatever you see normally on YT. Many fundamental guys say that technicals are mumbo jumbo and it doesn't work. I know someone with over 100 cr of trading account who has built his career using both. I also know someone(Not directly but through someone) with 3000 crore ++ total portfolio and he uses technicals as well. It does work in the market it's just that you should know how to use it. ---------------------------------------------- SBI has a very interesting Long term Structure developing. Here is how i am looking to go long in this Counter. [WEEKLY TIME FRAME]. If you see on the chart there are 2 trough points (curve marked in blue). First curve low point was at 500, 2nd curve low point was at 550. This is a volatility contraction. Volatility decreases, leading to smaller price swings. During 2nd price swing (B) look at the dip in volume when price moves lower. Supply is getting absorbed. The seller was not able to push the price lower and the stock bounced back again. Contraction gets smaller and smaller, sellers are losing control. (There is so much to explain about VCP but i will have to deviate from the topic. I cannot emphasize enough how much money i have made trading this VCP and combining it with other filters . Look into it.) cont. REST OF THE ANALYSIS IS IN THE COMMENT SECTION.

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