Technical Analysis - Practice trades

[mindgames]

GODREJ

Enter @ 346.8

SL hit at 360.

 

[mindgames]

SBI

Enter @ 265.4 on 26 Jun. Ideally, should have hit SL at 259 but did not cover it on 29th because of gut-feel that it was a panic reaction to Greece exit news.

Exit @ 267.9 today. Not feeling good about the stock.

 

[amitrandive]

SBI

Enter @ 265.4 on 26 Jun. Ideally, should have hit SL at 259 but did not cover it on 29th because of gut-feel that it was a panic reaction to Greece exit news.

Exit @ 267.9 today. Not feeling good about the stock.

No place in the markets for Gut feeling.A very difficult stock to trade.
Have marked the zones where there were trades either short or long.

Though in hindsight , it gives a good learning lesson.

Blues zones are on weekly time frame and yellow are on daily.

Daily Chart of SBI.

 

[mindgames]

BHEL

Enter @ 250.8 on 26th seeing triangle break-out. Avoided closing the trade @ SL on 29th.

Exit @ 257.4.

 

[mindgames]

HEROMOTOCO

Enter @ 2536.4 on 23 Jun big bearish candle with initial SL @ 2498. Stock went as low as 2500.

Decided to hold on y'day on breach of 2600. Exit today on trailing SL @ 2568.

 

[mindgames]

AIRTEL

Was looking to trade the RSI vs. Price divergence. Short @ 423.35, on the long red candle. There was also a bearish engulf here.

SL hit today at 443.5.

Couple of mistakes:
1/ This was a very long red candle - leading to a very large SL
2/ Uptrend line hadn't been broken - A mistake I made at the time of entering the trade was that I drew the TL from another point which made it look like the TL had broken on the red candle.

 

[mindgames]

ITC

Buy @ 315.2 on 30th June. Sell @ 311.45.

Enter on 9/26 SMA cross-over. Exit on price falling below 26 SMA.

 

[mindgames]

EXIDE

Buy @ 148.35 on 30th June. Sell @ 145.2 on 27th July.

Enter on 9/26 SMA cross-over. Exit on price falling below 26 SMA.

 

[mindgames]

COALINDIA

Enter 27th @ 427.4, SL hit at 421.45 on 28th.

Re-enter on 28th @ 424.45, seeing probable close above TL. Lucky that SL was not hit again over next 2 days. Covered @ 438.8.

 

[sspms2002]

Nice work Mindgame...keep practicing...it a good way to improve market feel...

one way is to look at economic times chart game...