Stocks To Keep A Close Eye On
- Thread starter SavantGarde
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The chart shows how nifty has broken through the H&S pattern with high volumes. The volumes are massive and this might also mean the selling climax the end of selling for atleast the next couple of days. Market is very weak now. Savant Sir's view will be much appreciated on this.
Goofy Man,
Have one of his books...The Glass .... it was picked up at a time... when I had practically stopped reading due to my eyesight.....but couldn't pass up on a 65% discount...
so went and came back with a couple of cartons of books....He has also authored Siddhartha as well....right
SavantGarde
Have one of his books...The Glass .... it was picked up at a time... when I had practically stopped reading due to my eyesight.....but couldn't pass up on a 65% discount...
so went and came back with a couple of cartons of books....He has also authored Siddhartha as well....rightSavantGarde
Dear Savant,
I am holding 4000 Shares of Renuka sugars in Equity , price averaged @ 82.75 , Saw it going upto 100+ , profit of around 1 Lakh just left on the table to get eroded , Now the price is at 84.10 .
Kindly need your advice/ suggestion on this , should i Sell now and buy later in the 2nd or 3rd week of December Or Should i hold on to it .
Thanks in advance for your reply .
Best Wishes,
Nithin.
I am holding 4000 Shares of Renuka sugars in Equity , price averaged @ 82.75 , Saw it going upto 100+ , profit of around 1 Lakh just left on the table to get eroded , Now the price is at 84.10 .
Kindly need your advice/ suggestion on this , should i Sell now and buy later in the 2nd or 3rd week of December Or Should i hold on to it .
Thanks in advance for your reply .
Best Wishes,
Nithin.
Absolutely mate... I am actually happy that I am becoming famous...
I am glad that you, SG sir, Goofy bro, Talisman, Trader_man, Saivenkat, Gangadharan, shaslam, nac, deneb, rajeabc, Prashant, PGDIMES, Alroyraj, Rajputz, Raunak Sir, SM bhai, columbus, prst, Nimish, rrmhatre72, jagankris, Dan Sir, Sureyes, kooldude1411, MindlessTrader, VJAY, crown, Anant Sir, PT bhai, stock72 and all traders here are my friends.
Cheers!
P.S. Since we are talking about books, here are some of my old ones that I left back at home in Maharastra.
I am glad that you, SG sir, Goofy bro, Talisman, Trader_man, Saivenkat, Gangadharan, shaslam, nac, deneb, rajeabc, Prashant, PGDIMES, Alroyraj, Rajputz, Raunak Sir, SM bhai, columbus, prst, Nimish, rrmhatre72, jagankris, Dan Sir, Sureyes, kooldude1411, MindlessTrader, VJAY, crown, Anant Sir, PT bhai, stock72 and all traders here are my friends.
Cheers!
P.S. Since we are talking about books, here are some of my old ones that I left back at home in Maharastra.
Considering today was expiry.... and going forward market is looking light for next series....therefore a couple days of upside can't be ruled out...to setup bakras for next game play.....but if you harbour any thoughts of of trend change...afraid... it is not so yet....
SavantGarde
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The chart shows how nifty has broken through the H&S pattern with high volumes. The volumes are massive and this might also mean the selling climax the end of selling for atleast the next couple of days. Market is very weak now. Savant Sir's view will be much appreciated on this.
SavantGarde
Uploaded with ImageShack.us
The chart shows how nifty has broken through the H&S pattern with high volumes. The volumes are massive and this might also mean the selling climax the end of selling for atleast the next couple of days. Market is very weak now. Savant Sir's view will be much appreciated on this.
Nithin,
with 4000 shares it was perhaps unwise to give up the profit that you saw at +100 levels....
When you hold such quantity...the strategy should ideally be
Exit 5-8% quantity at every 10-12% rise in price from entry
Staggered exit & Staggered Accumulation is always better...for several reasons
With staggered exit one takes advantage of the rise whereas if you exit completely at a particular point....then you will most definitely feel a little bad if it moves even more from your exit
Similarly for Accumulation...
Anyways...will need to look at the charts to see how it maybe placed for coming few sessions... but +100 looks difficult for the month of December...unless sugar prices globally rise further...or some news about decontrol of the sector or even some bullish news from the company....
Let Friday....go by.... will see what to do next week...
SavantGarde
with 4000 shares it was perhaps unwise to give up the profit that you saw at +100 levels....
When you hold such quantity...the strategy should ideally be
Exit 5-8% quantity at every 10-12% rise in price from entry
Staggered exit & Staggered Accumulation is always better...for several reasons
With staggered exit one takes advantage of the rise whereas if you exit completely at a particular point....then you will most definitely feel a little bad if it moves even more from your exit
Similarly for Accumulation...
Anyways...will need to look at the charts to see how it maybe placed for coming few sessions... but +100 looks difficult for the month of December...unless sugar prices globally rise further...or some news about decontrol of the sector or even some bullish news from the company....
Let Friday....go by.... will see what to do next week...
SavantGarde
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