EMA 50 is breached. Seems like a good entry, have sold some stocks and bought 200 NIFTYBEES + few lots of Nifty 21650 CE
Let's see.
Historically Jan has not been a good performer for NIFTY. I think it's been +ve only 6 or 7 out of the past 17 years iirc. Someone discussed in the Indian Street bets discord
@roct yeah I agree. jan is usually slow for a lot of different sectors as advertiser spending peaks later in the year as demand is slow.
Yeah, March is usually where it starts recovery so might be a good month to invest in. Of course depends on other factors as well
Some Suggestions if you are open to it.
This is a short setup and not the long one. Clear stage 1 visible, then distribution .i.e stage 2 then breakdown of it. Look at the volume expansion when breakdown happened from stage 2 . Currently it is retesting the breakout region with poor range expansion and volumes.
THIS IS A CLASSIC SHORT SET UP on 15 min tf. I really hope trade works out in your favour but chances are very very bleak.
P.S - Structure is bullish on hourly TF and you can look for long opp. on 1hr TF but since the above chart is 15 min TF and it is a very short term trade this is a classic short setup.
Interesting thoughts. Let’s see in the open today.
Time frame is very small IMO. If you are trading then it’s fine. But, for investing I would wait.
Today there is mild profit booking. Have purchased 500 ETF units of NIFTYBEES today. Let's see.
Anyone else opening new postions or any thoughts to share?
I'm new to investing and is looking for a Nifty 50 to invest in. Can you just some options for it which will be good as a beginner.
Then we are in store of the biggest bull run EVER. Accumulate! Accumulate! Accumulate! 🚀
Just bought 50k worth of NIFTYBEES.
