Once again Turtle Soup ..

[rangarajan]

surely 4th Jan to 8th Feb must be (and is) more than 20 days... no error.

U R Right.
My Mistake.

 

[TraderRavi]

HINDPETRO made 20 day low on 1st feb @ 312 (TS+1 candidate) and closed @ 338.35.....now previous 20 day low was 296.6(breach level)...how do you handle this situation...when breach level is not above but down.....

 

[jamit_05]

HINDPETRO made 20 day low on 1st feb @ 312 (TS+1 candidate) and closed @ 338.35.....now previous 20 day low was 296.6(breach level)...how do you handle this situation...when breach level is not above but down.....

Just skip the trade... there are 10 scrips each day... no reason to feel cornered. Just my ideology.

 

[Xitij]

HINDPETRO made 20 day low on 1st feb @ 312 (TS+1 candidate) and closed @ 338.35.....now previous 20 day low was 296.6(breach level)...how do you handle this situation...when breach level is not above but down.....

I had the same query, and quoting from rkkarnani's message to me :

This situation will arise ONLY when a new 20 day level happens on the 20th day as it happened in this case ! BTW, if you look at Futures chart, the low happened on 30th Jan at 326 and the same was breached on 7th Feb when a new low 319 was made. If you consider some Filter than the low of 7th is still intact as 8th Feb low was 318.40 !! So one can go long above 326+filter (TS+1) SL below 318.40

 

[rkkarnani]

Have taken position in Tata Global >142.60 SL is at 139.50 and carrying it ! (TS+1)

Did a high of 148 and LTP was 142.50 SL remains below 139.50 less ticks ! Holding it ! I need guidance on How to trail the SL ? OR how to manage this trade ?

 

[jamit_05]

Did a high of 148 and LTP was 142.50 SL remains below 139.50 less ticks ! Holding it ! I need guidance on How to trail the SL ? OR how to manage this trade ?

@ 148 did you book profit?

 

[jamit_05]

Longs

Cipla 386.55 SL 384.85
Coal 337.55 SL 335.85
Hero 1722.05 SL 1718.55

Keep the entry value above the most current VWAP

 

[jamit_05]

Longs

Cipla 386.55 SL 384.85
Coal 337.55 SL 335.85
Hero 1722.05 SL 1718.55

Keep the entry value above the most current VWAP

Cipla entry hit....

Now, booked 1/4th profit @ 388.30 ... but unwillingly.

The way it is holding, I think Cipla is gonna blast if Nf is up for the day target 402 !!

 

[rkkarnani]

@ 148 did you book profit?

No I did not book !

 

[jamit_05]

No I did not book !

For quick trades I think Ema 15 is the limit.. if 1:2 is met, then should be complacent and move on to the next trade.

Do you wish to make it a positional/swing trade?