StockZodiac
Reservoir
of Wisdom
In our
weekly newsletter it was mentioned that the week that passed would be the last
for the price correction to test or reach the target 17500, which got achieved.
What does it indicate? It simply means bear camp is getting strong and slowly
building up more positions. So as always once a particular level is achieved, we
generally get a pull back which should be used as opportunity to reduce the
longs and also exit trapped positions.
There
are people looking for a buying opportunity in Adani group, and there are some
looking for exit and some have incurred huge losses. As per Time Cycle Top was
formed around September Solar Date, there is pattern failure now, and it means
the stocks can decline by 40% more.
Technical
has changed big time in the last week. Unfortunately, my Meta stock is not opening
so not able to give the technical input in the weekly letter.
From
TimeMap perspective coming week seems far better than the last week, and closing
of first 3 days of the week, showing signs of negativity and further fall in
indices cannot be ruled out. As mentioned in the last week, VENUS being strong bring
in volatility and Wealth destruction would get followed by recovery, but
movement would be wide. It is observed, when a planet is strong, it gives best
& fair results, being fair it also punishes the wrong doer in the process. When
the planet is in a bad house & destructively affected, it triggers negative
thoughts and ideas, which are calculative & consciously executed even after
knowing that legally or morally they are wrong.
January
30, 2023: Monday: Bad Day
Negative
opening should be considered positive, while big gap up can hurt day traders. Overall,
it is a bad day, and taking rational quick decisions and acting becomes
challenging due to factors that cannot be explained.
Power
sector & Metals especially Steel stocks would attract fund buying. There is
a very good chance 2nd half would see short covering in select
counters. STBT is highly recommended with 72 hours trade life.
January
31, 2023: Tuesday: Bullish Day
Most
will think – given STBT and am saying bullish day, pullback is an opportunity
to add shorts in a downtrend stocks, stocks which are trading below September 2022,
and January 2023 Solar date, those will decline big in coming few days. From
the day trader’s perspective look for oversold reversal in FMCG sector & select
PSU.
February
01, 2023: Wednesday: Bad Day
Selling
in the opening is highly recommended. High Beta stocks and private banks will
be in the limelight, as mentioned big wealth destruction and wide movement is
expected in the markets. Do not keep trading positions open as the movement
would be fast and will not get time to punch stops, rather punch stops first
and then enter the trade. STBT is indicated.
February
02, 2023: Thursday: mixed good till 12, and then bad.
Position
of the moon is bad, and in a Nakshatra that has power to put strongest man or
safest traders, or most protected position get in trouble, or bend on knees. Delayed
participation & also contrarian action would be the key to earn profits
today. It is not easy to trade against crowd.
February
03, 2023: Friday: Auspicious Day
Buying
oversold stocks, contrarian buying action would give big profits. Aggressive buying
is recommended, in PSU banks, stocks and defence and also technology stocks.
Futurologist.
No comments:
Post a Comment