Swing trade for coming days: RELCAP

Hello friends,

Below is the chart of REL CAP.

It has developed pennant , Breakout , Throwback.

See chart for detailed trade set up.

Reagrds,
Winston

Hi,
Watch this 2 stocks
1) 3iInfo : Close above 235.55
2) Nicholas Piramal : 246.90 / 240.45

Asish

Nicholas Piramal has given bottom @ 247.10 around 1.00 pm ,so intraday buy
@ 248 is giving 4/ now at 252.00,booking 50 % here.

RelCap stop hit!!!!!

Hi winstonn,
If I am not offending you, I have got one humble request. Why can't you do an analysis as to why this trade went wrong? What are the thing that we have overlooked or missed here before taking this trade? That analysis will be an excellent opportunity to learn for many including myself. The chart posted by you was looking good. But what went wrong?
Regards
R. S. Iyer

hi RSI,

if we do proper money and position management , alomg with following cardinally stop loss, u will get minor loss in a bad trade.
Follow 2% rule.

Thanxs RSI, please let me know according to u if there were any wrong points.

Regards,
Winston

Hi Winnie,

I think you forgot the daily charts.

I will come up with a chart... just give me some time.

BBL,

ss

Hi RSI and Winston,
One basic point about technical analysis is that , it is recognised worldover as a trend-following study. So, sometimes the predictions may not mature. Loss minimisation and money management is the most vital area of trading. Nothing is fully certain in technical analysis as far as future stock price prediction is concerned. If 70% anybody's predictions get correct. It's fabulous.

Sunil

Yes, It does pay to look at Daily charts when one trades on the hourly.

Daily chart for Rel Cap enclosed.

regards

KM

Thank you Karthik, and that was the thing on my mind. Good one!

Regards,

ss