New Intermed Uptrend!!

fire_gun · #**4321** 29th July 2008, 03:39 PM

rolta 70% profit booked around 303...holding 30% postion....praj ind stoploss hitted position closed..although i booked loss around 200 level because today market was favouring bears so its always better to trim losses first...

fire_gun · #**4322** 31st July 2008, 09:06 PM

nobody replied!..rolta hitted 317rs is in new uptrend..entrend at 289..almost 10% jump..in 3-4 days...

...yes praj ind didn;t worked but breakout didn;t happened so i was low volume .. was waiting for breakout and booked loss...
i have closed position in rolta....now next one is gitanjali gems entered at 258 today ...it about to come out from range as u can see from chart i will add more breakout above 265rs stoploss 245 target 285-90rs....

GRORICH · #**4323** 1st August 2008, 10:06 AM

Quote:

Originally Posted by fire_gun

nobody replied!..rolta hitted 317rs is in new uptrend..entrend at 289..almost 10% jump..in 3-4 days...

...yes praj ind didn;t worked but breakout didn;t happened so i was low volume .. was waiting for breakout and booked loss...
i have closed position in rolta....now next one is gitanjali gems entered at 258 today ...it about to come out from range as u can see from chart i will add more breakout above 265rs stoploss 245 target 285-90rs....

Sir,
Very nice observation , I mean your Rolta recommendation. But in this volatile market , it is very difficult to trade.
Thanks
Grorich

rvina2 · #**4324** 1st August 2008, 11:14 AM

Rolta was a wonderful observation Sir. I also bought it althought in small number.

thanx very much and also ur observation help us to learn chart pattern.

regards
veena

fire_gun · #**4325** 1st August 2008, 11:20 AM

Quote:

Originally Posted by rvina2

Rolta was a wonderful observation Sir. I also bought it althought in small number.

thanx very much and also ur observation help us to learn chart pattern.

regards
veena

thanks for replying..will try my best to post juicy chart pattrens...

fire_gun · #**4326** 1st August 2008, 11:29 AM

Quote:

Originally Posted by GRORICH

Sir,
Very nice observation , I mean your Rolta recommendation. But in this volatile market , it is very difficult to trade.
Thanks
Grorich

trader should have clear cut picture about market movement..if u don;t feel comfrontable then its better to trade at very light volume.... nobody can swim without entering in swimming pool and should be ready to shift gear at bulls or bear according to situtaion...i use stoploss in every trade but i also try close or book partial loss or profit before the stoploss or exceed the target according to market conditions....

..it depends
on ur comfort level...my comfort comes from minmum use of margin offered by broker and using low volume before breakout and high after breakout .thats keep myself comfortable..

fire_gun · #**4327** 1st August 2008, 11:40 AM

people who want to enter gitanjali can wait for volume increase in gitanjali ..stock is trading with low volume any spurt in voulme will give u more comfort

GRORICH · #**4328** 2nd August 2008, 09:56 AM

Quote:

Originally Posted by fire_gun

trader should have clear cut picture about market movement..if u don;t feel comfrontable then its better to trade at very light volume.....my comfort comes from minmum use of margin offered by broker and using low volume before breakout and high after breakout .thats keep myself comfortable..

Dear sir,

Very nicely said and worth following advice . I have been missing some good chances because of fear of possible losses. I shall try to follow some of your advices such as having clear cut vision of entry , exit and stop loss points and taking away emotions during trading etc.
Thank you once again.

Grorich

fire_gun · #**4329** 2nd August 2008, 02:16 PM

Quote:

Originally Posted by GRORICH

Dear sir,

Very nicely said and worth following advice . I have been missing some good chances because of fear of possible losses. I shall try to follow some of your advices such as having clear cut vision of entry , exit and stop loss points and taking away emotions during trading etc.
Thank you once again.

Grorich

heart less trading must be done..easier said than done..even some times it becomes diffcult for me to control emotion

...your fear will disappear with time...

fire_gun · #**4330** 3rd August 2008, 01:21 PM

now i am looking at cipla ...cipla made a bullish flag coming out from range..cipla made a doji near low of flag almost same place where breakout happened for cipla eariler..so it is nice and valid space to place stoploss around 215rs...now {E,10}moving average is around 222 rs and it is high of doji .. it mean that above 222 cipla can move fast...nothing exciting in rsi but above 50...stochstatics is around oversold..macd is also taking curve....and OPEN INTERST IN CIPLA IN LAST TRADE INCREASED BY 6%...target around 235-240rs..i havenot taken any postion yet in stock but will try to buy stock if it sustain above 222rs...volumes r good...lets hope for the best

..small resistance at 230.5 as 61.8% Fibonacci Retracement Level

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The Following 2 Users Say Thank You to fire_gun For This Useful Post:
deb99891 (2nd August 2008), rvina2 (1st August 2008)

The Following User Says Thank You to fire_gun For This Useful Post:
deb99891 (2nd August 2008)