The best of the trades are never forced trades, they come to you & speak to you(for discretionary traders following own set of rules).
Rules help me decide entry, exit & long, short while gut helps me decide position sizing.I am yet to read on scaling up position in a scientifically/rule based manner.Till then working old style.
Now let’s come to the trade(as they say- cut to the chase).
A picture speaks a thousand words.
I have written my views on charts(in the pic) based on my experience.Would welcome your thoughts on the same.
It has been in my radar since last few days.With the current breakdown it was 2nd biggest under-performer after VEDANTA for the week in F&O section.Mind you, that Vedanta fall was noisy(failed delisting), while Tata Consumer slipped quietly without anyone noticing.One needs to be watchful of what happens next.
Hope you find this useful. Please share your views in the comment section. It will also help me improve my analysis.
Thanks for spending your valuable time here.
Disclaimer – I am not a sebi registered Advisor/Analyst. Kindly consult your financial advisor before acting on this information.Consider this an educational post.
Happy Trading & Investing.
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