12164 Double bottom at major support

Trade Thesis
1. Technical Analysis
a) Double bottom formation near major support
b) The stock has tendency to support double bottom
c) short term vwap support above 128.20
d) trendline breakout possible
e) SL compulsory
f) Another major support near 121.60

2. Trading mindset requirements
a) Acceptance is the first criteria to become successful trade
b) Plan the trade and trade the plan and not the impulsive emotional decisions.
c) Focus on process and not on outcome.
d) The 80/20 Rule, also known as the Pareto Principle, is a concept that suggests that roughly 80% of profits and successful trades comes from 20% of winning trades(if trial systematically);
e)If you think, analyze, and verbalize excessively before and during a performance, you can suffer from what is commonly known as paralysis by analysis. Overthinking can actually inhibit your ability to execute and perform.
f) Pressure is the hallmark of
champions and the gateway to opportunity; it summons us to dig deep inside for our personal best.