Lets plan to get 6% in RELIANCE with Risk of 1-2%

٢ يوليو ٢٠٢١

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📌 Strategy: A good fall but still near good MAs on D charts
✣Risk in the trade is just 1 to 2% that's the quality of the trade :) thus a little more capital can be used but at your own risk
✣The pattern is like a fall - a consolidation zone with RSI bullish divergence and confirmation of breakout from the zones of consolidation
✣Simply watch the morning of Monday if it gaps down = watch if it breaks the level of 2130 again on 15min close
✣If gaps up but not much about 1% then wait for 15min close and see what is happening
✣The best is if it opens sideways then watch for 15min close if above 2130 a good length is initiated

⚠ IMPORTANT POINT: Firstly do your analysis then only think of this trade and set the risk first, only that amount that you are willing to lose and will not get affected even if you lose it and also that amount if you lose it you won't curse me if the analysis flops hahaha just kidding, jokes apart, be patient to capture the movement and be impatient to get out if its a losing one and SL is triggered, don't put tight SL rather use less capital

⌛ Motivational and psychological area ⌛

✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)


🎓🎓 Some info about me :)

➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.

☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃