A plunge in Indian Stock market

[sspms2002]

Another good day for trading..but if you only disciplined..
There were many range movement also..

Luckily i only traded 2 stocks till 10.30 and stopped for the day.
But when i again looked back at the chart of a few stocks , i think many good moves happened during mid day e.g. HINDPOWER gave a very good move..around noon..

Stocks Traded: TATASTEEL , BPCL
P&L : Green 972 after commissions.

 

[Moonlite]

Hi,......did my first live trade today. Initially very shaky as was new to a/c, but eventually sailed through.. .......entry was wrong......
Went short on TISCO and sqroff at 2.30 pm......ended in green.......

 

[sspms2002]

Hi,......did my first live trade today. Initially very shaky as was new to a/c, but eventually sailed through.. .......entry was wrong......
Went short on TISCO and sqroff at 2.30 pm......ended in green.......

Hey Moonlite...congrats on your first trade..
First time is always shaky and we tend to book as soon as P&L turns green.
So now onwards it will be a good journey laden with some speedbreakers..but we will sail through...

 

[seetharamank]

Another good day for trading..but if you only disciplined..
There were many range movement also..

Luckily i only traded 2 stocks till 10.30 and stopped for the day.
But when i again looked back at the chart of a few stocks , i think many good moves happened during mid day e.g. HINDPOWER gave a very good move..around noon..

Stocks Traded: TATASTEEL , BPCL
P&L : Green 972 after commissions.

congratulations on ur first trade

 

[sspms2002]

congratulations on ur first trade

Hi Seetharamank..you must be pointing to Moonlite..he did his first Live trade today..

 

[sspms2002]

HI to all the experienced Traders...I have a query..

I started Trading recently..but i am observing a pattern when break out happens...

When we feel like there is a lot of buying happening and the Break out is about to happen..the stock usually goes down, very fast and it scares new comers who have taken position in anticipation of Break out..

But just when we have exited our position..it goes back to the same level and this time breaks it out..

Is there any reason which can justify a stock moving down just before break out..

Or is it that big Buyers are trying to enter at low price by driving the stock down first???

 

[maneverfix]

Stoploss hunting

HI to all the experienced Traders...I have a query..

I started Trading recently..but i am observing a pattern when break out happens...

When we feel like there is a lot of buying happening and the Break out is about to happen..the stock usually goes down, very fast and it scares new comers who have taken position in anticipation of Break out..

But just when we have exited our position..it goes back to the same level and this time breaks it out..

Is there any reason which can justify a stock moving down just before break out..

Or is it that big Buyers are trying to enter at low price by driving the stock down first???

 

[Moonlite]

Thanks for the encouragement,

 

[Moonlite]

Thanks to seetharamanik.

 

[Moonlite]

Have come across the same situation many a times. I feel that one should use the observation to gauge the emotions of traders. Its best interpreted from candle sticks.