Swing trading the Traditional Way

[SwingKing]

Hi Raunak ,

Regards , Thanks for the inputs to traderji.
Bought Apollo - 250 shares at 74.20 29 March Morning.
29 March Closing - 70.85.

Use Share Khan ,
Share Khan does not allow , after hours trading.

What do you suggest should be done now.

Being swing - do you think a period of a week or two should be awaited for.
Or since you mentioned the stop loss at 71 , we sell the same.

Looking forward to hear from you , Thanks once again

--
Share Knowledge , for all.

There you go dear. Apollo has moved up by 7% today. Hope you are making some returns.

Tc.

 

[saivenkat]

There you go dear. Apollo has moved up by 7% today. Hope you are making some returns.

Tc.

Only yesterday, i exited Apollo tyres at 73. Today up..up..up..:annoyed:

Regards
Saivenkat

 

[scplindia]

thanks purchase suzlon one lot in F& O at 75.90, looks slightly weak now, should I hold on. Pl advise

 

[scplindia]

nifty has formed a H&S pattern on the intraday charts.

Pl confirm and post your comments

 

[SwingKing]

thanks purchase suzlon one lot in F& O at 75.90, looks slightly weak now, should I hold on. Pl advise

Don't exit it as of now ... Its currently at 74.35 ... so overall nothing major has changed ...

If you are a conservative trader, keep a track of level of 72.9

If you are an aggressive trader, then level of 70-71 should be crucial.

 

[SwingKing]

nifty has formed a H&S pattern on the intraday charts.

Pl confirm and post your comments

I dont track intrday time frames chart closely ... but if u want to know my views on nifty, then visit this thread ....

http://www.traderji.com/equities/36...nifty-probably-heading-down-8.html#post424477

Tc

 

[scplindia]

73.50, 14 day MA is at that level. now at what level should I purchase one more lot and average the price

 

[SwingKing]

73.50, 14 day MA is at that level. now at what level should I purchase one more lot and average the price

Well I don't know what MA is there at that level.

Regarding averaging, I would advise you not to do so. If we are right on this trade, then we can make money on one lot too. If you want to add a lot in future make sure your previous buying price is taken out. This way you will stand a better chance to earn more.

 

[SwingKing]

Only yesterday, i exited Apollo tyres at 73. Today up..up..up..:annoyed:

Regards
Saivenkat

It happens dear. I think you got Apollo tyres at 52. Hence you have made a good gain on it. You'll get your chance again.

Tc.

 

[scplindia]

MA is moving average. 14 day Moving average is around 73.50 for Suzlon, which should act as a major support