A plunge in Indian Stock market

[Sammy.Young]

Almost 5 yrs now.....journey has been tough...planning to do some TA course for better understanding....as of now, its mostly tukka trading

 

[sspms2002]

That is a good amount of period in market.....
I am trying to learn Price action...a book by Al Brooks..Lets see how much i benefit from it...

If you have time, i do recommend you to read it..

 

[Sammy.Young]

thanks....once u finishes it, pl share the main points with me...i will be thankful...by the way, did u play COALINDIA...high 357++ (FUT)

 

[sspms2002]

thanks....once u finishes it, pl share the main points with me...i will be thankful...by the way, did u play COALINDIA...high 357++ (FUT)

Surely i will try after i gauge some understanding of it..
I had lot of office work today so couldnot spend much time on trading..But i did looked at Coal india and saw it was booming up..

How did you shortlisted CoalIndia? Do share your holy grail?

 

[sspms2002]

Today was a very brief day for me...I had lots of office work so couldnot spend much time..

I did looked for 30 min into HINDPETRO..it gave a good move both up and down..

Stocks Traded: HINDPETRO
P&L : Green 748 after commissions

I did felt that today traders would have made a killing as many stocks were trending...

 

[Sammy.Young]

Watch PFC tomorrow...i will try to post Buy/Sell levels during mkt hrs....all the best !!

 

[Sammy.Young]

PFC more than 6% up.....howz that sir?

 

[sspms2002]

PFC more than 6% up.....howz that sir?

Hey Sammy...You need to tell me ur Holy Grail...Although i was not able to trade much as i had travelled back today from my home town...but i did took one good position in PFC...Although due to my bad luck i could not book profit.

I was long at 291 ..300 shares and the stock went till 293.70..i was seeing a unbooked profit of 500+...but then i had to go out for some work and i thought that it looked like a strong stock so i had put up a STOP order at 291 (my entry price)...But alas when i came back after 30 mins..it had hit my stop loss..I guess that was the only bad move it took...after that i just kept watching it..it went to 300...

A lot of Profit would have been booked had it not hit my STOP LOSS..or had i had not went out...

Anyways..i am just guessing that you would have made a killing in it today??

 

[sspms2002]

Today was again a brief day of trading starting 10.30 and till 12.30...
Some Stocks were giving good move...I Opened with a loss of 350 and then covered it ..and went till 300+..

Then i started looking at HindPetro..it was behaving weirdly today..although pressure was down..but sudden spikes were happening....I went till negative 300 again..

I looked at PFC and started trading it...it was very strong today...it showed me a profit of 500+ , but was not able to book it...My bad luck..the stock went Rs 8 above my entry price..

Then i found a good trade in BPCL and booked some profit..

Stocks Traded: BPCL, HINDPETRO ,PFC
P&L : Green 609 after commission..

I do feel traders today would have made a killing...!!!

 

[Sammy.Young]

No holy grail buddy.....just narrow range trick with some smartness.....
Watch jindalsteel & idea tomorrow.....all the best