I am seeing accumulation phase. The (Nifty Pharma) is Positive. Minor correction which good for new entry. Avoid buying.
Strategy is Buy 100 nos at days low and sell 90 at days High. For that week ( we have bought 500 nos & Sold 450 & holding just 50nos.
450nos would have give Profit. The 50 on weekly is getting average as well as accumulation. Therefore we are travelling along with the institutions.
Why hold less Quantity for the reason anything out of your sight is out of Mind.
It human tendency to watch those in Holding keep checking our P & L.
There by whenever we get an opportunity Highest bargain = Lowest Price.
Strategy is Buy 100 nos at days low and sell 90 at days High. For that week ( we have bought 500 nos & Sold 450 & holding just 50nos.
450nos would have give Profit. The 50 on weekly is getting average as well as accumulation. Therefore we are travelling along with the institutions.
Why hold less Quantity for the reason anything out of your sight is out of Mind.
It human tendency to watch those in Holding keep checking our P & L.
There by whenever we get an opportunity Highest bargain = Lowest Price.
Comment:
In Days Chart Amseeing Reverse Cup & Handle Pattern.