INDIAN MARKET
In the dynamic world of the Indian stock market, knowing when to take profits is as crucial as identifying the right stock. Timing is key, and emotions often play a big role. Here’s how you can master this art:
INDIAN MARKET
Victors Trading Blog #6image
Victors Trading Blog #6
Let's start with the last stock analysis I posted on TakeProfit, Salesforce. This trade resulted in a 26.56% drop or $76.67 move per share at the lowpoint. As outlined beforehand, we were expecting lower prices in Salesforce with an ideal entry, as almost always, at the 50% level. 
Victors Trading Blog #6
S&P500/Nasdaq 100: Detour likelyimage
S&P500/Nasdaq 100: Detour likely
Both the S&P500 and the Nasdaq100 have attempted a direct trend continuation, but failed in the last trading week. This has significantly increased the probability of my primary scenario. However, the upward trend in both indices is clearly intact, the only question is whether the bottom is already in at the 10-week average or only at the 30-week average. Looking at the CNN Fear and Greed Index and taking into account that the normal summer lethargy does not tend to occur in election years, I also believe that a volatile sideways movement is likely, in which the shares within the indices develop quite differently. This is because the "fear indicator" is still far removed from "greed" and therefore also offers potential for increases in the coming months.
S&P500/Nasdaq 100: Detour likely
Broadcom Inc. Analysisimage
Broadcom Inc. Analysis
Let me be honest: When analyzing a companies stock, I don't care what a company does, if they provide services, are a manufacturing company, or something else, I don't look at the financials or the team the company is run by. I only care about the chart and whether I see patterns in accordance with other technical stuff I look for on a chart.
Broadcom Inc. Analysis