My Trading Journey

I bought NICA at Rs. 696 and sold it at the very bottom, smh

It’s been a while since I have not invested in NEPSE. I have been watching individual stock charts and see if there are opportunities to enter. This is how I ended up with NICA’s candlestick chart. Impressive Candlestick Surge I saw three consecutive days of bullish (green) candlesticks on the candlestick chart of NIC Asia …

I bought NICA at Rs. 696 and sold it at the very bottom, smh Read More »

Got Stopped Out of SSHL at 4.68% Loss

I had previously bought shares of Shiva Shree Hydropower Limited (SSHL) because of the apparent accumulation in the stock. A symmetrical triangle had formed in the stock chart with the peaks sloping downwards and the bottoms sloping upwards. Inside the triangle, the volume had been rising during upwards movement and falling during downwards pullback. The formation of …

Got Stopped Out of SSHL at 4.68% Loss Read More »

Bought SSHL Inside Accumulation Zone

I bought shares of Shiva Shree Hydropower Limited (SSHL) today because of apparent accumulation on the stock. A symmetrical triangle has formed in the stock chart with the peaks sloping downwards and the bottoms sloping upwards. Inside the triangle, the volume has been rising during upwards movement and falling during downwards pullback. The formation of …

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I Narrowly Escaped Bloodbath in SADBL Thanks to My Stop-Loss

I’m planning to buy Shangrila Development Bank Limited (SADBL) after it goes through a small, much-needed correction. Volume confirmation has been positive on this stock. It has also fought back the bearish spell that was cast from August to December last year. My only issue is that SADBL has gained around 50% in a steep …

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Volume Accumulation and Bottoming Out on GUFL, Bought at Rs. 833

I bought Gurkhas Finance Limited (GUFL) primarily because of volume accumulation and likely indication of bottomed-out conditions. The stock has enjoyed an aggressive bullish advance in the recent past. From the start of the year 2020, GUFL has gained over 700%. However, it lost around 50% from the most recent peak, which was also the …

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35% Profit in RHPC: A Result of Stock Averaging and Chart Analysis

I have explained in this article about the reason I bought shares of Ridi Hydropower Development Company Limited (RHPC). The stock had showed signals of a ascending triangle breakout. I bought a few shares at Rs. 215 when the stock broke out of the triangle. For an ascending triangle, the vertical height of the widest …

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This Is Why I Bought RHPC (Spoiler: Ascending Triangle Pattern)

The stock chart of Ridi Hydropower Development Company Limited (RHPC) has shown the ascending triangle pattern. The ascending triangle pattern is most likely a bullish continuation pattern, although false breakouts are possible. As seen in the candlestick chart of RHPC above, this pattern is formed by the stock being unable to breakout from the previous …

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My First Stock Averaging in NEPSE: Readding on BFC Stock

According to Investopedia, averaging down is an investing strategy that involves a stock owner purchasing additional shares of a previously initiated investment after the price has dropped. The result of this second purchase is a decrease in the average price at which the investor purchased the stock. Using my strategy, I figured that Best Finance …

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Biggest IPO, Bigger Surprises: This Is Where I Sold NIFRA

Click here to access all the articles of My NEPSE Trading Journey Series. Nepal Infrastructure Bank Limited (NIFRA) had issued 8,00,00,000 units shares to the public, of which 0.20% of the total offered shares were set aside for the employees of the company and 5% for mutual funds. The remaining 7,58,40,000 units were for the …

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257% Profit in MEN and 650% Profit in PLI: NEPSE Trading Journey S01E10

Click here to access all the articles of My NEPSE Trading Journey Series. Both are IPO shares. Thus, I only had 10 units of each stock bought at a face value of Rs. 100 per share. 1) Mountain Energy Nepal (MEN) MEN lost on the third day of listing. Since I do not know anything …

257% Profit in MEN and 650% Profit in PLI: NEPSE Trading Journey S01E10 Read More »

Another Big Loss and an Even Bigger Lesson: NEPSE Trading Journey S01E09

In the previous article, I talked about how I fell prey to the bullish trap on banking. Even if it is a good company, if the timing is bad, your investment will turn sour. That is what I learned from that experience. About a week after selling the bad performing stocks, I found another stock …

Another Big Loss and an Even Bigger Lesson: NEPSE Trading Journey S01E09 Read More »