will my strategy on liberty shoes work?

G

gokulam

New Member
#1
#1
i bought libertys from NSE for 108.45 27th jan. This is my first trade.

after doing a small technical analysis.. i found that the share price increases some Rs. 5 - 10 everyday between 9 AM and 9 30 AM. As expected it peaked around 9 25 AM to 111.85.. i didnt sell though. wanted to watch the market, so i left it.

Now, the last 2 days have been worst, as the world markets are shaking heavily.

What would be the best strategy for me in liberty shoes?

Any idea?
 
L

lokesh1212

New Member
#2
#2
well...i am a newbie too...so pls bear with me.

Your cost is approx 110 after including brk+taxes.

Liberty has been trading between 110-100 for last 4 months, rarely going above 110.

The stock is definitely going to come up from 99 but it would take some effort to get past 110 in these situations.

Also, on daily charts, MACD divergence is increasing on -ve side with increasing vols, suggesting more downtrend. (but if markets bounce back, these values would change overnight).

So overall, if i were you, i would look to suggest. but do remember, i am a newbie learning the trade.
 
G

gokulam

New Member
#3
#3
lokesh1212 said:
well...i am a newbie too...so pls bear with me.

Your cost is approx 110 after including brk+taxes.

Liberty has been trading between 110-100 for last 4 months, rarely going above 110.

The stock is definitely going to come up from 99 but it would take some effort to get past 110 in these situations.

Also, on daily charts, MACD divergence is increasing on -ve side with increasing vols, suggesting more downtrend. (but if markets bounce back, these values would change overnight).

So overall, if i were you, i would look to suggest. but do remember, i am a newbie learning the trade.
Click to expand...
great reply. thanks. lets wait for the market to raise. lets see.
 
L

lokesh1212

New Member
#4
#4
i am learning, so again pls bear with me.

On weekly charts, stock is in +ve territory, vols are rising, RSI is 45 and decreasing, W%R is increasing and stochastics are around 70% mark. So seems bullish.

But we had a doji on the chart today.
 
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