buy tatachem

B

biyas10

Member
#5
#5
Luckytrader said:
Ok.
Technical buy,
But how did you recognise it by Chart pattern, Break-out, Some Indicators, etc...On what basis?.

Plz. Explain it in detail with charts.

[You know that in this forum we discuss to learn from each other.]

Regards,
Luckytrader
Click to expand...
hi,

if anyone have position on tatachem (recommended at 198, sl 196) then book 50% profit at cmp (204) & hold the rest till closing period.
 
Last edited:
B

biyas10

Member
#6
#6
Luckytrader said:
Ok.
Technical buy,
But how did you recognise it by Chart pattern, Break-out, Some Indicators, etc...On what basis?.

Plz. Explain it in detail with charts.

[You know that in this forum we discuss to learn from each other.]

Regards,
Luckytrader
Click to expand...
hi lucky,

basically i follows 5-15-30 minutes candlestic. i closely watch the last 30 minutes of trading activities. i also looks for the volume parameter. if there is abnormal volumes in last minutes then i buy the stock on next day above the previous high price.

i look for a particular breakout level for taking my position & i place my sl around 1% below from my buy price. yesterdays breakout buy was tatachem-198 & todays breakout buy was vsnl-391, but unfortunately vsnl break 391 at opening bell & trading around 410. but i was unable to take position on this stock. this strategy do not produce more than 50-60% success rate. but the point is that the winning trades are much bigger than losing trades.
 
Last edited:
L

Luckytrader

Member
#7
#7
biyas10 said:
hi lucky,

basically i follows 5-15-30 minutes candlestic. i closely watch the last 30 minutes of trading activities. i also looks for the volume parameter. if there is abnormal volumes in last minutes then i buy the stock on next day above the previous high price.

i look for a particular breakout level for taking my position & i place my sl around 1% below from my buy price. yesterdays breakout buy was tatachem-198 & todays breakout buy was vsnl-391, but unfortunately vsnl break 391 at opening bell & trading around 410. but i was unable to take position on this stock. this strategy do not produce more than 50-60% success rate. but the point is that the winning trades are much bigger than losing trades.
Click to expand...
Thanks for the information...

Your Tata Chem hit target
Today closed above 210

Regards,
Luckytrader
 
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