HUL at new high. Trading at 52x FY19E. Compared to this ITC is still trading at 26x! Should the two stocks have such a wide valuation difference? Seems like a good cushion on the lower side for ITC?
This is called marketing of a business!! Many traders are earning good, but ashamed to tell the truth that, they are in Speculation Business! They need such innovative ideas to describe F&O trading.
Always be proud of your profession, that is the first key to success.
Even, Anand Mahindra Thinks This 'Shoe Doctor' Has A Future At IIM.
Nifty from the bottom today took 6 bars of 3 min to make a small swing top.....but as the bottom has not broken in next 6 bars, now nifty seems to have made a bottom for the day and likely to go up unless some other bad news hits the market.
Though the logic is same but todays context is different. A short is against trend. We are at yesterdays close. I dont know but I always tend to apply a logic in the worse scenarios .
Yes,it did not break the top....also 9:36 bar confirmed that the initial move will be on downside......
For understanding what was the indication in 9:36 bar, one may like to read TD Point reversal technique I had posted many times in past...
Traders to understand that the initial trends can change during the day.....so we have to be vigilant in new trends developing in daytrading.These are short term techniques and to be traded with the main methods which we trade .