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| Discuss Suggesstion at the Position Trading Stocks within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Please give suggestion for BHEL. DLF and Reliance Natural Bhel - Bought for 2600 DLF - 900 ... |
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#1
14th March 2008, 09:58 AM
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Suggesstion
Please give suggestion for BHEL. DLF and Reliance Natural
Bhel - Bought for 2600 DLF - 900 RNPL - 198 Thanks 
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#3
6th April 2008, 03:43 PM
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Re: Suggesstion
Dear Nilesh Patil
Your shares like Army's old BOMBS , When they will fire only god knows,
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#4
23rd April 2008, 07:05 AM
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Re: Suggesstion
Have a look at the charts attached. While BHEL and DLF are in a downtrend, RNPL looks to be in a sideways trend. So the strategy is simple (may not be for you because you will incur a loss doing this) - for BHEL and DLF you short them in the resistance zone and for RNPL you sell in resistance and buy in support.
I have tried to mark those areas in the charts. If i were you i would be getting ready to sell all the 3 because they are close to reaching the resistance. You may be able to recover your losses if you follow this strategy consistently. Going short on BHEL and DLF you can use futures. I dont know if it trades in future, but otherwise you cannot short it. Thanks, Sachin Last edited by sachin_jain3; 19th May 2008 at 12:54 PM.
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#5
16th May 2008, 12:11 PM
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Re: Suggesstion
My prediction that BHEL and DLF are in a downtrend seems to be correct. As well my prediction that RNPL is in a sideways moves seems to be correct.
But the resistance zone suggested for DLF was broken on the upside. this gives me another opportunity to define the resistance again. Have a look at the chart again. Essentially the resistance is a zone where the stock has a high tendency to decline and the stock cannot trade for a long time in this range. Both the points seems to be correct in the newly defined resistance zone. Similarly for RNPL i have redefined be resistance and support. The candlestick charts provide a better insight in defining supports and resistances. The strategy remains the same for 3 stocks. Short BHEL and DLF with every rally and short RNPL in resistance and long in support. Sachin
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