LET THE MARKET TELL WHO WE ARE

This is the daily chart of #NaturalGas MCX which has closed at 202.30. Observation: recent #corrective move had taken place in a #falling #wedge formation which later resulted in a #bullish breakout. Recently this commodity is attacking at #psychological ceiling near 202 and at the same time it has established a move above 10 days SMA  which is also sloping upward suggesting a bullish environment for this commodity. Staying long can be a good #strategy as long as price manages to hold above 10 days #SMA which stands near 193. #MACD is near centre line and price stability above 193 will bring a positive cross on this indicator which will confirm bullish trend and momentum for coming days. Approaching winter season will also be a supporting factor for bullish expectations. Assumption: Dips towards 198-196 can be used for longs with stop of 193 for targeting 212-217-228 in near term . Hints: I have used trend line to observe market structure. 10 days SMA is used to observe trend...

Happy independence day!!! We are celebrating 71st independence day but what about financial freedom? Large number of people in this country give up their desire just because they can't afford. People who have batter financial management become wealthy in other words people who know how to make their money to work for them become rich and achieve financial freedom. No matter how hard you work, how much you earn if you can't manage your finance properly you would never achieve financial freedom. To prove my point let's take an example of two people. In early 2000 two persons, person 'A' and person 'B' employed in small shops in small town earning 3000 per month as salary. Person 'A' bought a colour TV which was costing nearly 25000 at that time and person 'B' bought a plot of 100 yards with that 25000 rupees. After 10 years that TV's value depreciated to 2500 from 25000 and that plot turned into an asset of 25lks... This is how properl...