Reading Price Action is all about identifying that turning point and how the stock stuns everyone with outperformance in a short period of time. I love studying successful trades to reinforce conviction in setups and also help you understand what to watch out for when the stock is testing your patience. These lessons can help […]
Concept: Direction of the wind
It is the direction that matters. Once you get that right, good things happen over a period of time. All you have to do is show some patience and keep riding. The market has predictable long-term trends and cycles but gives no guarantees in the short term. Anything can happen at any time. Always approach […]
Should you give up on ITC stock?
Patience is a fancy word that only looks good to tell a story but it is a hard and frustrating experience when you are dealing with it. Also, it becomes too painful when you have to deal it alone. 2020 and 2021 have been exceptional years for Indian equities but ask any ITC investor and […]
The Indian market: Adults take the driver seat while kids feel exhausted
Nifty is moving higher but the midcap and smallcap end of the market look exhausted.
Why following prices matter when fundamental triggers are in place
Most of the stocks need a fundamental trigger to kickstart a motion, but once the motion is in play, then the stock offers multiple opportunities on the way up. All you have to do is keep looking and you can do that only by following prices. Let us try to understand this phenomenon with one […]
How Wipro rallied from Rs. 200 to Rs. 577 within a year?
Every trade teaches us an important lesson. Wipro is up +160% since June 2020. Here’s how Wipro transformed from an underperforming stock to a now leadership state. This case study is another example of why following price action matters to catch the inflection point.
Here’s what has happened to Nifty this year
Nifty Year to Date is up 13.89%. I know it does not sound like a lot but the bullish structure has enabled lots of stocks to outperform by a wide margin. Let us break down how the Nifty has navigated 2021 so far.
Trends do take time to develop
Nothing happens overnight. Trends take their own sweet time to develop and as they develop, they offer multiple opportunities along the way to participate in the market.
The making of a textbook trade
I read Price Action for a living. I have been doing this for years and it amazes even now how stocks do a predictable price action dance, a classic textbook move. Let me explain with a case study.
Thank You
Nothing gives you more happiness than knowing that you made some difference in someone’s life. I am really pleased to receive this email from one of my subscribers and it pretty much encapsulates what smarketpremium.com is all about. Here’s the text