StockFluent

📊Choppy market continues. No clear trend visible. It is good to be at side until we see a good rally with stocks breaking out with proper base formation. No fomo, have a plan and follow it. Personally I scan almost everyday, have my list ready but do you see me taking random trades. I know Market environment is not good so why to force trades by watching others. Just do your homework and be ready. The time is to sharpen your skills as much possible. Read books, workout and be the best version of yourself. Let's go

📊 Markets have been behaving very choppy for the past 2-3 weeks. One day a few good breakouts happen, giving FOMO to many, only to realise a few days later that most of them are back to cost or have taken SL.  Such markets are the toughest to trade. Emotions make us play; even if we catch a good winner, the majority of people close it earlier because of the backlog of bad/loss trades. That's why it is important to keep mental capital free in such markets by not overtrading while seeing other people flying rockets every day. 📝 As I have told multiple times, maintain a breakout watchlist to track further action on such stocks. Combining it with how your watchlist is performing and your past few trades, you can get the answer on whether you should take more open risk or have to wait and check the market environment first. There should be no hurry to trade by watching others. You have to have a plan. When the market environment (ME) is good, watchlist stocks are breaking out along with follow-through, you start making positions in stocks which are from a strong sector/theme having any catalyst. IPO, Earnings, and then trading them without any noise.

Good to be back after the detox our govt. gave us. 📊 Markets showed first sign of strength with breakout and follow through sustaining in many stocks. Although some moved after making good pivot and some moved without. But yes now its time to screen stocks properly, control FOMO and be ready to catch good setups when they form.

📊 Choppy and weird markets. After the first rally in April, where few stocks like MTARTECH, CPPLUS, DEEDEV, ATHERENERG, and BAJAJCON gave the initial rally, we couldn't participate. These names would have indicated market strength and follow-up buying. We waited for confirmation on that basis to trade the next set of stocks that would perform. However, after that, no good stocks came into our radar showing such characteristics. Only these stocks kept going up, without making any other continuation patterns like flags or bases around EMAs. No other stock emerged. There can be many reasons few which I feel are:- - USDINR going up 📈 - Lack of FII Participation 📉 - Overall Market Environment 📈📉 Let's see how market unfolds from here.

Then there are some stocks like these. Which have good prior action but right side formation is so loose taking good positions with proper risk management becomes tough.

Many stocks that are going straight up from bottom.

📊 The quality of breakouts this time is pretty weird. Either they are up straight from bottom without giving any chance or the ones which made decent base didn't made proper right side and gone up which is making harder to enter stocks with proper risk management. Personally I felt except few stocks none had a leader quality movement until now. Let's see how it goes further. Something is not matching acc. to me. Only 1-2 sector leading the markets.

📊 Last week many good stocks moved. Bcoz of straight rally from bottom and frequent gap ups many stocks moved without much consolidation or right side formation. Personally wasn't able to grab this opportunity. - If market shows strength from here with little…

📊 Last week many good stocks moved. Bcoz of straight rally from bottom and frequent gap ups many stocks moved without much consolidation or right side formation. Personally wasn't able to grab this opportunity. - If market shows strength from here with little pause and stocks forms right side it will be idle for further trades. Till then keep looking for stocks from strong sectors which have moved & will now make second base or flag patterns. Strong Sectors 🎯 - Metal and Mining - Power - EMS - Auto and Auto Ancillaries - Aerospace and Defense - IPO's

📊 MTARTECH - Good Uptrend 📈 - Relative Strength ✅ - Can be kept in radar for future trade possibility if holds its strength.

📊 ATHERENERG - Good prior uptrend 📈 - Big Base breakout 🎯 - Relative Strength ✅ - Now will wait for flag or consolidation until it catches its ema. Skipped it near base breakout bcoz of volatility and weird candles. No good place for SL was there for me. Keep in radar.