Trading Strategies Using Technical Analysis

Which date should the meet be held?

  • February 27th 2011

    Votes: 19 59.4%
  • March 6th 2011

    Votes: 8 25.0%
  • March 13th 2011

    Votes: 5 15.6%

  • Total voters
    32
  • Poll closed .

SwingKing

Well-Known Member
Raunakji,

Taken long on HDFC BANK, at 2490 yesterday evening, pl advise if I should hold or exit. Bank Nifty doing very well, but this stock is stuck at 2485 to 2490, today.

Thanks
Prem Kumar

Keep a SL of 2360 and be long. You have entered at the top I feel. It will retrace some more before it begins its upward journey. Problem is you have entered in Futures. This is going to test your nerve a bit.

Tc
 

SwingKing

Well-Known Member
Bajaj Auto trade was executed at 1465.

Currently it is trading at 1522.

Above mentioned figures are futures figures.

Move your trailing stop to 1505 (futures).

At the most we would like to keep a gain of Rs. 40 as profit.

Reason I am telling you to switch to trailing stop is because Bajaj auto was not a fresh Buy trade like Dabur or GSPL. It was a continuation buy trade. Hence, the trend is a bit mature. Since we are in profits, we would like to book some at least in case it starts to fall.

Stock is extremely bullish as of now. But as traders, we need to ensure that our winning position is not turned into a losing one.

For trades like Dabur we will follow EOD stop losses.

If any queries, please ask.

Tc
 

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