4 Reliable candlestick Patterns which Gives You Good Profit

If you have interest in reading charts than consider looking for these patterns as depicted in this chart as it will give you good results. Remember to use these charts in conjunction with other technical parameters for confirmation. However, if you wanna have profit sitting comfortably and wanna finish off well in time in the morning than consider our best equity tip and start making money like professionals.

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50+ Financial Mistakes to Avoid in Your Life

Well came across a good list of financial mistakes on the social media and sharing the same.  We will keep on updating this list with our own view poiints and links to get you better informed picture. You may or may not agree on some of the points reflected here but do remember to drive home some good points. Check Which ones are you guilty of and try to rectify in the current year.

1. Just can't manage to fit our Expenses within our Income. And, even when the income increases, the expenses invariably rise much faster.

2. Generosity is in our blood. We happily pay 30-50% p.a. as interest charges to the Credit Card companies.

3. We respect our culture and old customs. We keep our money in the OUTDATED Bank Fixed Deposits.

4. Another example of respect for our tradition… creating a huge pile of (useless) gold jewellery.

5. Yet another example of holding our customs in high esteem… feeling proud if we can leave behind a "20-25 year old dilapidated property" for our children as a legacy [and not a "20-25 year old equity mutual fund portfolio"].

6. Spent more than half a lakh of rupees on a top-end smartphone — just to show off (even though we will not use even one tenth of its smart features).

7. Replaced the same top-end smartphone in just 6 months? Oops... wasn't it smart even after paying all that money? (Psst... the new model is no different from the previous one, except for some minor tweaks).

8. Haven't read the blog post 'My name is Insurance and I am not an investment'.

9. More than 50-60% of the monthly take-home pay is gobbled up and devoured by various loan EMIs.

10. Hotel and restaurant owners love you. You are found at these places, far more than even their most regular staff members.

11. For you (financial) PLAN is a four-letter insulting and derogatory word.

12. Believing that "budget" is only the Finance Minister's job, not ours.

13. Believing that "managing inflation" is RBI's problem, not ours.

14. Financial lethargy... not paying the bills by the due date (often resulting in late fees and penal interest).

15. Financial shortsightedness... thinking only of today or tomorrow; and not the next year or next decade.

16. Still waiting for the so-called BEST DAY to invest in equity mutual funds.

17. Never seen our Credit Report, even though it is now available free of cost... forget about working to improve the Credit Score.

18. The Emergency Fund account shows a Zero Balance.

19. 99% focus on earning money. Mere 1% attention on managing the same.

20. Never heard of (or not knowing the meaning of) "delayed gratification". You may be blowing away your money due to carelessness and stupidity.

21. Repeatedly falling below the minimum average monthly balance in one's Savings Account.

22. Making our neighbours jealous with our extravagant lifestyle is our life's primary goal.

23. Replace is our motto. We don't believe in Repair and Reuse.

24. Blindly and needlessly chasing Maximum Returns from our investments.

25. You ask "what does this investment or financial product offer" instead of "how is this investment or financial product beneficial for me."

26. Investing in the world's biggest con job — a scheme that has the word"child" in it.

27. Paying Rs.150-200 for a cup of coffee, when the same stuff is available at 1/4th the price.

28. You suffer from 'investment paralysis' due to Fear of Loss.

29. Not having a 'professional' financial mentor as your friend, philosopher and guide.

30. Blissfully unaware that Gym is an expensive fad. Running, walking, yoga are free and superior alternatives to remain as fit.

31. IRR, YTM, CAGR are bouncers that simply go over your head.

32. You think you can beat Roger Federer.

33. SIP, STP and SWP is all mumbo jumbo for you.

34. Hear the word RISK and your legs go jelly with anxiety.

35. Hear the word TAX and again your legs go jelly with anxiety.

36. Spending Rs.250 on a pizza every week? No issues at all. Buying a Rs.250 book on personal finance even once a year? No, that's a waste of money.

37. In your opinion Stock Market is a Casino and buying equity shares is gambling. If this is your opinion than you must check our Jackpot tip and it will dispell your all doubts about getting profit in the market.

38. If you think that ups and downs are good only at roller coaster rides; and not at the stock markets.

39. The word Pension is music to your ears.

40. Our portfolio is a carbon copy of Rakesh Jhunjhunwala.

41. The biggest gamble we play with our finances — no mediclaim policy.

42. THICK forms and FINE prints scare you.

43. Not yet realized that SUVs burn more fuel, burn more money, burn more environment (thus creating a hell for our children).

44. Not yet realized that Extended Warranties are almost always a waste of money.

45. You are more brand-conscious than price-conscious.

46. Pay for 400+ cable channels. Watch at most 10-12 of them (many of which are anyway free).

47. BUY TWO GET ONE FREE. One of the best ways to make money... for the mall owners.

48. We avoid paying for SEBI Regd Stock Market Advisors and fall for free stock tips scam.

49. Buying lavish and luxurious Dream Homes, way bigger than our budgets (that often end up as bad dreams).

50. Our plate is often filled with pizzas, burgers, samosas, chips, colas and such other junk food.

51. We forget that "Trust" is an extremely rare commodity in the financial world.

52. We leve our cheques here and there and thus you must read these 10 points for keeping your cheques safe here.

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Has this PetroChemical Giant Given Breakout?

We have covered this stock earlier also and have recommended our delivery stock clients to go long in the stock as the time has come for the giant to wake up from its slumber.

We are referencing to Reliance which has given a breakout and can be added as a systematic investment plan. Remember it has now become a Jack of all trades and its Jio bet has played very well and has started giving it profits every quarter. Now its gestation period is over and now is the time to reap the rewards. The stock can tgt 1220,1250,1300,1400 & higher levels in medium to long term. On crossing 1300 mark it encounters resistance at 1320 level and we need to watch this level as on breaking this level stock can head for 1400 level.

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How to Overcome Fear of Missing Out (FOMO)?

It is a common fallacy among the traders that they are going to miss the trade and in the haste undertake certain cardinal mistakes which costs them heavily.

So here goes the few rules for you to follow to avoid having the Fear of Missing Out (FOMO) Syndrome in the market:

(a) Trading Plan : Make sure that you always trade with a trading plan. The exit must be ready before you enter in the trade.
(b) Confirmation : Have system set up which gives you the confirmation to enter in the market.
(c) Type of Order : Use Limit Orders or Stop Loss orders to avoid FOMO stress.
(d) Alerts : Technology is in your hands and you can get alerts from your brokergae platform by selecting your criterion.
(e) Opportunities Knock in Market Every Day : Do not get panicked if you miss an opportunity as stock market has ample opportunities on daily basis. What is required is that you become a disciplined trader.

If you still feel it is difficult to follow all these guidelines, than trade with our hot stock tip of the day and start making money like professionals.

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Is it Right Time to Buy US Dollar as Compared to Indian Rupee?

As of now we are optimistic on the prospects of US dollar getting strengthened as compared to Indian Rupee. This optimism stems from the fact that the chart is in uptrend and as an early indicator these technical firms have started showing strength as they earn in US dollar and its strengthening gives them more money in their hand on conversion. Have a look at the chart where we have suggested buying keeping the SL as 69 for tgt 74+. Do remember to check intraday tips if you intend trading Indian stock market here.

All those looking to send their children abroad for higher studies can buy dollars as a systematic plan as this will help them get a better rate.

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