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How can you burn your CRED coins ?
CRED coins are received as rewards when one pays credit card dues. It is like a positive incentive and reinforcement for maintaining credit discipline. A win win for both CRED and it’s customers. CRED only accepts customers, who have a credit score of 750 and above. It enables it to have first hand access to data of the most creditworthy clients. When you have a creamy databases available with you the possibilities are numerous. Who would not like to give loans to credit worthy customers. This is exactly CRED is doing, while pushing other brand products through it’s store and travel packages. How can CRED coins be used? There are…
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Progcap’s leap of faith
Fintech or Financial Technology is changing India’s financial inclusion landscape. Several startup have created a niche in specific domains. One such start up is PROGCAP, which has established itself as one of the preferred finance channels for SMEs and retailers. The founders, Pallavi Shrivastava and Himanshu Chandra started this venture in 2017 to serve a segment, which is often neglected. The startup was recognized in the World SME awards ceremony in 2018. 1. Identifying that niche The founders have worked in the supply chain domain and were well versed with the problems of retailers and SMEs. There are about 15 million retailers in India and most of them have difficulties…
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Sharda Motor Industries expected target of Rs 700
Sharda Motor Industries is above the 200 SMA and expected to reach Rs 700 levels. Also, it is about to breach a previous weekly swing high at Rs 504. It is expected to take a brief halt around Rs 500 levels before resuming uptrend. I will pyramiding my stop losses below recent swing lows in hourly. Update on 7th July,21 – The scrip crossed Rs 700 levels on 2nd July, 21′. Now consolidating.
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IMFA breached previous weekly high
IMFA has breached the previous swing high convincingly today. Bullish scrip for at least a Rs 700 target. Will be keeping stop loss below Rs 545.
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Everything you need is out there. Just shift the perspective !!
People used to spend entire lives working for a single organization in the name of job security. Many benefits definitely accrued, however, the zeal to implement innovative solutions vanished.
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Why random curiosity is extremely important for Entrepreneurs and everyone ?
The traditional education system rarely encourages random curiosity. Teacher’s fear, what if the focus on subjects wither off. Rote learning was encouraged in many schools earlier. Now the teaching methodologies are changing for the better. Just imagine the possibilities, if children start asking good questions, teacher’s have to come better prepared and quality of education will improve drastically. Off late curiosity is being frowned upon, even in society. If asking questions become a taboo, then solutions to problems will not emerge. It will ensure status quo and powers to be would be happy in their false glories, as no one dares to show the mirror yet. Many homes have a…
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CRED’s attempt to gamify behavioral finance !
CRED made it easier for the average credit card user to check charges levied. Earlier one had to open the credit card statements and go through interest rates, charges, late fee etc. Now, there is no need to remember the due dates, expiry dates etc.
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The 3 S of learning anything
Any new learning demands efforts. If it is complex and expected to take time, then you break down into digestible chunks. Efforts have to be consistent. Learning also demands a plan, else it will be haphazard and may take longer to internalize. A sprinkle of unstructured learning here and there would help in the process but don’t overdo it. Below is a short process of scoping, scooping and sharing which can do wonders to your grasping abilities. Scope: Scoping a new learning will help establish an excellent base. It is highly likely that you may already have a background on the subject. One should therefore leverage on previous learnings to…
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Just one thing to get things done. How?
Have you ever wondered why others are able to do much more during the day but you are not? Everyone has the same number of hours during the day. The differentiating factor is how you are able to use the available time. Here is a powerful concept, which will turn around you life. 1. ‘Highlight of the day’ concept The concept states that you block a time of the day to complete the most important task and then make sure it is completed as per plan for that day. ‘Highlight of the day’ is that task that makes you feel incomplete, if you have not done that by day end.…
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Minda Industries trade on 11 June 21′
Setup: The stock was very close to previous weekly swing high. Daily was resting on 20 EMA. 15 mins had a bullish candle with good volumes, which indicated a move is commencing. Entry trigger: Entered at Rs 596.20 after observing good volumes in 5 min candle. Stop loss: Stop loss was was just below the first bullish candle at around Rs 585 and near to 15 mins 200 SMA. Chart: Target: Expecting a target between Rs 675 – Rs 700 in few weeks. The scrip is making all time highs.
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Dynpro bullish setup
Dynpro is forming a bullish setup with weekly consolidation. Approximately 20% move is possible from Rs 510 levels. Daily had a nice correction, which adds to the probability. Expecting Rs 600 on this counter soon.
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Berger trade on 7th June 21′
The Berger Paints trade was implemented smoothly with high confidence. Why high confidence? As in the previous week the stock ended in consolidation and made a higher low. The consolidation was with low volumes. Remember ‘silence before the storm’. Moreover the 15 mins price was very near to 200 SMA and hence had a high probability of crossover. Everyone knows about Golden Cross !! Daily had a healthy correction and took support at 20 EMA, which was a double confirmation. Entered trade at Rs 798 levels and made an exit at Rs 811. Approximately 13 Rs upmove captured. Below is the chart.
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MM Forgings setup
Weekly and lower timelines are looking good in MM Forgings with a possible move to Rs 600 or above. Volume support also observed. Expecting a move of 15% or more in coming weeks. Result: The scrip made a high of Rs 616.70 today i.e. 11th June 21′. Target hit within 5 days of post. It will resume upmove after short correction soon.
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Enjoying wealth when young or old?
Akhil – What can I do to become financially independent? Should I go slow, save 10% of my earnings every month, cut down on credit card spends, invest in pension and mutual funds, then buy a house. Ajay – Of course, the above are good ways to accumulate wealth in the long term. However, let me ask you a question. Do you want to enjoy your wealth from a young age or when you are old and don’t have the energy to appreciate it? Akhil – Surely, I do want to enjoy wealth from a young age as it will leave me with enough time to enjoy it with other…
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Half hearted efforts
Kavita – How are your preparations for the exam going on? I heard you recently went on a long vacation abroad. Anil – Don’t worry I will ensure the syllabus is covered at least once. I have a natural talent for numbers. The exam is still 3 months away. Kavita – Hey, the exam results were out yesterday night. I am sure you have sailed through with flying colors. Which universities are you expecting a call from? Later after results… Anil – I am sad. Could not clear the exam this time as did not pace myself well in the end. Most of the questions were from previous year papers…
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Greenply Ind trade on 4th Jun 21′
Made an entry in Greenply Industries on 4th June 21. Estimating it to be a trade of few days only. Entry price at Rs 204. Expecting 10% returns from the trade in the short term. More if held for few months. Following is the chart and trade rationale. Weekly in uptrend. Daily had a good and smooth correction. Thereafter confirmation of support at 50 EMA received. Hourly and 15 mins are consolidating near 200 SMA. Lower volumes during correction in 15 mins.
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Visualising scenarios
Nikhil – I want you to have a 360-degree view of any solution. Anil – What do you mean by that? Nikhil – Explore every scenario. Be mindful of where it can go wrong. Often signs appear beforehand. Plan alternative paths to reach your goal. Anil – What if a part of the solution is dependent on an external event and I don’t have control? Nikhil – Forget that and just give your best. Course correct if required. Always view a solution to a problem from the angle of different scenarios and be prepared for course correction at short notice. Give your best and hustle well, no matter what!! ‘कौन…
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When in doubt !
Anita – I have high blood pressure Kunal – Let’s go to a doctor asap Anita – I don’t want Allopathy treatment. Homeopathy suits me well. Kunal – Allopathy will give faster relief and may also have side effects. On the other hand, Homeopathy can take a long time to heal and you will have to bear with current issues for some time. However, whatever you choose, please have complete faith in the process and follow it diligently. Do keep observing progress though and course correct if required. When in doubt of the best road for someone, suggest good alternatives with relevant facts. Let the impacted person decide the most…
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Motivating an employee for behavior changes
Supervisor – Why are there so many mistakes in your report? Staff – Sorry Sir. Did not re-check before sending. Supervisor – Let me give you an advice. Please make it a habit of checking your work before sharing. It will make you feel better and boost your confidence. Ask where you are not clear. Gradually it will become a habit and you will be known for quality work. Staff – Thank you Sir for the advice. Highlight employee’s own benefit when expecting behavior changes. Also, share your expectations clearly. Recently I was facing an issue, where staff would not give their best in a role as they expected a…
