( Invest With Prudence. )
The Fall of Bharti Airtel.
Anticipation of the Fall on 2nd Sep. 2017 @ 425
First Two Targets Achieved
&
Then Free Call given on FB for 3rd & 4th Target.
Current Status showing
Achivement of 3rd Target.
As evident from the pics above one well planned trade can fetch you decent profit. And this is what happened in our Bharti Airtel Analysis & Trade.
When people / analysts on Business Channels / Twitter and other social networking sites for this particular stock were giving calls to buy around 430-435, a few predicting it as a buy for long term, we were sitting idle and watching and counting on our ideology to Sell Bharti if it's unable to breach the Multi - year resistance ( see pic 1 ) and gives a downside breakout. Some people even gave buying call around 410 keeping stop loss below 400. Just hoping that the stock will bounce back from it's support, ignoring the beginning of short term negative trend. But they forgot that in stock market one should not see what he himself wants to see, rather make vision for what the chart is showing, as pre - conceived notions generally result in losses.
The stock made high of 438 on 28 / 08 / 2017 but was unable to breach it's resistance, and on the contrary made a reversal which we were anxiously waiting for.
And when the Selling breakout came we defined our targets. ( See the levels marked as T 1, T 2, T 3, T4 in pic 2.)
Giving respect to our research the first 3 targets have been achieved.
Moral :
Do not be a free - bee in the market, looking for free / cheap advice. And do not trust any news or any such tip given on TV or any other stock market social network.
Instead, learn to first analyse and then trade yourself. I am not saying to particularly learn from me. Learn it from anywhere and a person whom you think has proven himself not only as an analyst but also as a Trader. Because their is a huge difference between analysis and trading. Don't necessarily go for a brand. They very often throw light in your eyes, making you unable to see things transparently.
After all it's your own hard earned money. And you are yourself responsible for your profit / loss.
Even if you are watching a trading tip on tv or reading it somewhere, then take it only as an information, as that particular stock might not be on your radar. But analyse it yourself.
After learning, first practice what you learnt and do paper trading. Slowly and steadily when you find that your research is going on the right track and things are mostly happening as you anticipated then start trading.
--------------------------------------------------------------------------------------------------------------------------------------------
Take Your First Step , Towards Your Journey
To
Financial Awareness & Freedom.
Learn the Art of Trading in
Forex , Commodity, Equity, Indices etc.
With
Prudent Investments.
Contact us @ Skype Id :
PruInvest@Hotmail.com
Or
Call : + 91 - 8585994465.
Visit us on Facebook:
