Teach Me To Fish

[abhijit sen]

Excellent trades... keep going

Thanks Subhadip for the kind words of encouragement.

 

[abhijit sen]

how do you select different stock everyday?any special criteria for that?

I follow a select few stocks - Hindalco, ICICI Bank, Sun Pharma, Tata Motors and Tata Steel. No special reason why I track only them.

 

[abhijit sen]

I took 1 trade today.

Tata Motors opened weak and then entered in to a trading range. The low of the range, around 304.50, was proving to be a strong support zone, from where prices bounced back thrice. Around 11 am, the stock broke below. I entered short at 304.20, with an initial stop loss above the last pivot high at 305.40. For the next 2 hours it moved nowhere, re-entering the consolidation range, before finally hitting my stop around 1 pm.

 

[abhijit sen]

I currently track the 1-minute chart of 5 stocks - Hindalco, ICICI Bank, Sun Pharma, Tata Motors and Tata Steel.

Can seniors suggest 2-3 more stocks that i can add to my watch-list?

 

[maneverfix]

Yes Bank, Reg Capital

 

[abhijit sen]

Yes Bank, Reg Capital

Do you mean Reliance Capital?

 

[Satya.]

I currently track the 1-minute chart of 5 stocks - Hindalco, ICICI Bank, Sun Pharma, Tata Motors and Tata Steel.

Can seniors suggest 2-3 more stocks that i can add to my watch-list?

along wid abv,
i trck vedl,yes bank,vedl,cipla,techm n relinfra

 

[Satya.]

hw mny sher do u buy?

 

[abhijit sen]

hw mny sher do u buy?

Thank you for the list of stocks. I started serious trading 2 weeks back. For the past 10 sessions I was trading one-tenth of the volume I eventually plan to trade. From Monday, until the following 10 sessions, I plan to work it up to one-fifth.

 

[abhijit sen]

I took 1 trade today.

ICICI Bank entered in to a narrow trading range, with strong support around the 286.50-mark. I shorted on a break below the range at 286.30, with an initial stop loss above the consolidation at 287.30. I covered half the position at 285.60, and trailed the stop lower to 286.80. I booked the remaining at 284.60.