Technical Analysis - Practice trades

[bajica]

Thanks for putting up the analysis... GOOD THREAD.

 

[mindgames]

RAYMOND
Downtrend started in first week of March.
On 11th, broke ad closed above the 3rd downtrend line
On 12th, stock closed above the previous swing high of 447.
9 day EMA > 26 day EMA
MACD signal line crossover valid

Buy order @ 447 did not get executed.

Another doji / spinning top - this time a green one. Enter @ 451. Decision mainly influenced by the fact that previous swing high of 447 has been breached. Expecting SL @ around 430-435.

 

[mindgames]

EXIDE
Downtrend followed by a spinning top with long lower shadow on 12th
Followed by a Green day today - with close higher than that on 11th. Long upper shadow though.

Higher close today. Buy order did not get executed @ 145.

 

[mindgames]

HINDUNILVR

Enter @ 827.5 (FUT). Decision influenced by the fact that the spot was forming a bullish marubuzo (stock however dipped in the dying minutes to close ~5 lower). There also seems to be some support @ 810-820. SL would be around here. This is also near Dec-14 swing high.

Btw, futures are priced at a d/c to spot market - representing bearish sentiment?!

 

[mindgames]

HINDUNILVR
Enter @ 827.5 (FUT). Decision influenced by the fact that the spot was forming a bullish marubuzo (stock however dipped in the dying minutes to close ~5 lower). There also seems to be some support @ 810-820. SL would be around here. This is also near Dec-14 swing high.

Btw, futures are priced at a d/c to spot market - representing bearish sentiment?!

Exit @ 849. Was in a quandary over whether to sit tight and "let winners run" but ultimately decided to square off around 11 AM. Do think there's more left in the stock but mentally not strong enough. Futures closed @ 852.75 - going up to as much as 859. Still at a d/c to market price.

On the charts, gap up opening. Downtrend line breached at good volumes and a close above the TL - This happened on the last swing too but the big red engulf killed it. Will track this for academic interest.

 

[mindgames]

RAYMOND

Another doji / spinning top - this time a green one. Enter @ 451. Decision mainly influenced by the fact that previous swing high of 447 has been breached. Expecting SL @ around 430-435.

Went up to 461.7 but not higher than the big green candle @ 462.8. Continues to manage a higher close though.

Expecting stiff resistance at 460 due to the stock's behavior over last couple of sessions. Downtrend line from Dec-14 also nearby - this appears to have been respected well in the past. Shall wait and watch.

 

[mindgames]

Higher close today. Buy order did not get executed @ 145.

Higher close yet again. A spinning top. Went upto 148 levels - ~ open and low of medium sized red candle on the left. Not in the trade on this one.

 

[mindgames]

EXIDE

Higher close yet again. A spinning top. Went upto 148 levels - ~ open and low of medium sized red candle on the left. Not in the trade on this one.

Another green close.

 

[mindgames]

RAYMOND

Went up to 461.7 but not higher than the big green candle @ 462.8. Continues to manage a higher close though.

Expecting stiff resistance at 460 due to the stock's behavior over last couple of sessions. Downtrend line from Dec-14 also nearby - this appears to have been respected well in the past. Shall wait and watch.

Good rise today @ moderate volume and now it's kissing the downtrend line.
Reached a 2 month high and closed well too. While the resistance at 460s has been breached, reckon the tough part comes now - as previously the stock had a near vertical fall from 500 to this lever in Mar-15.

 

[mindgames]

HEROMOTOCO

Steep climb from 2250 to 2737. And then the stock pulled back ~ 50%. Have drawn a tentative uptrend line. Gotta see how the stock reacts.

Enter @ 2527.5; Expecting support @ 2500 levels.