Teach Me To Fish

#21
I took 1 trade today.

Hindalco, post open, plotted a complex head and shoulders top. I went short on a breach below the neckline at 251.70, with a stop loss at 252.80. I was expecting a target price of 250.70, which was equal to the height of the pattern. My stop loss got hit. Loss = Rs. 1.10.
 

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#25
I took 1 trade today.

Tata Motors had been in a down trend for the better part of the morning. Around 11 am, it started to show signs of reversing. I bought on a break of the high of a narrow flag pattern at 309.30, with a stop loss below the low of the formation at 308.30. I sold half my position at 310.40, and the remaining at 310.70. Profit = Rs. 1.25.
 

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#26
I took 1 trade today.

Tata Steel had a weak open, and then plotted a weak bounce back. I placed my short entry order below the support at 584.00, with an initial stop loss at 585.30. I covered half my position at 581.60, and trailed the stop loss to break even. I booked out of the remaining at 579.20.
 

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#27
I took 1 trade today.

I shorted Sun Pharma on a break below a narrow range at 555.20, with an initial stop loss above that range at 556.80. I covered half my position at 553.60, and moved the stop loss to break even. I booked the remaining at 550.60.
 

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