H
Re: 24th Dec..sensex 19854..bulls Enter 25% With A Stop Of..
I am sure that u don't know a single thing of technicals.Will u please reveal,that who the others here,whom u refer as 'v'? I mean let's know all the forces behind our irritation.
bulls...a sharp rally aided by overseas mkts with a political punch locally saw good gains especially in I T sector.....
todays rally has negated our earlier views of an intermediate downtrend .., v assume that the earlier med term uptrend which started from 13989 of 21st aug is still in force.....
the last stoploss for bulls now stands deep @ 17450........yes 17450 on closing basis....
as this stoploss is wide from 2days close...v recommend a 25% entry only assuming that it may get triggered.....the loss wil b minimal looking 2 the profit from 14425 entry levels.....
......................................................................................................
the bull story so far....
MED TERM TREND-- UP
TREND UP SINCE -- 13989 ON 21 AUG
LONG ENTRY@---- 14425 ON 24 AUG.
TREND REVERSAL-- CLOSE BELOW 17450.
todays rally has negated our earlier views of an intermediate downtrend .., v assume that the earlier med term uptrend which started from 13989 of 21st aug is still in force.....
the last stoploss for bulls now stands deep @ 17450........yes 17450 on closing basis....
as this stoploss is wide from 2days close...v recommend a 25% entry only assuming that it may get triggered.....the loss wil b minimal looking 2 the profit from 14425 entry levels.....
......................................................................................................
the bull story so far....
MED TERM TREND-- UP
TREND UP SINCE -- 13989 ON 21 AUG
LONG ENTRY@---- 14425 ON 24 AUG.
TREND REVERSAL-- CLOSE BELOW 17450.