Searching for the best Telegram channel to get daily stock market tips, tricks, and advice can be a challenging task.
Many Telegram channels claim to offer a 100% success rate in exchange for monthly subscriptions ranging from Rs 300 to Rs 3,00,000. While some traders may consider these subscriptions as a means to recover their losses, they are often unaffordable for many retail traders. Consequently, it’s not uncommon for traders to fall into these traps in the Indian stock market.
Stock Market Telegram Channels Common Strategies
These Telegram channels often provide stock tips that are of little value, but they employ certain tactics to deceive their customers. Here are some common strategies they use:
- Editing Past Posts: Some channels edit their previous Telegram posts to change the entry and target prices of stocks.
- Intraday Calls with Buy and Sell Targets: Share market Telegram Channels may provide both buy and sell targets for a stock. For instance, they might say, “If the price of Reliance goes above 2000, go long with a target of 100 points. If the price goes below 1800, short sell with a target of 100 points. Set a stop loss 100 points below your entry for long positions and above your entry for short sell positions.” While this approach may work at times, scammers use it to exploit customers.
- Long-Term Buy Calls: Some channels offer buy calls with a validity period of one year or more. However, the stock market is always subject to fluctuations, so such lengthy time frames are not suitable for reliable buy calls.
Numerous stock brokers, SEBI-registered advisors, hedge fund managers, and YouTubers provide stock tips through various platforms, but their success rates are often as low as 10%. Contrarily, taking a counter position to their recommendations may yield better results.
It’s crucial to exercise caution when receiving stock market tips from anyone. Avoid putting all your investments into a single stock or source of advice. Diversify your portfolio to mitigate risks.
Remember, the stock market is based on probabilities, and no one can predict its movements with 100% accuracy. Regardless of whether someone is SEBI-registered or not, scammers can still operate in the market.
Breakout stocks to trade from Indian stock market Telegram channels, groups
Here are some tips for finding breakout stocks to trade from Indian stock market Telegram channels and groups:
- Check Unedited Calls: Look for channels that provide clear and unedited information, such as specific price levels or times to enter trades.
- Exit Strategy: Be cautious of advisors who provide fixed target prices. Instead, develop your exit strategy based on your analysis and market conditions.
- Performance in Different Market Conditions: Evaluate how well their calls perform in both bull and bear markets. Reliable advisors should maintain accuracy even during market downturns.
- Timeframe: Consider the time it takes for their calls to reach the target. Exceptional accuracy within a short timeframe is rare but valuable.
- Research Multiple Sources: Explore various Telegram groups and channels to identify the most reliable ones. Be wary of scams and never blindly pay for tips.
- Consult a Financial Advisor: Before making any investment decisions, consult with a qualified financial advisor who can provide personalised guidance.
In conclusion, while searching for stock market advice on Telegram, exercise caution and use multiple sources to make informed decisions. The channels and groups mentioned in this article offer free advice, so you can explore them without incurring costs. Remember that your investments are your responsibility, so take the time to learn about the stock market and seek professional guidance when needed.