Technical Analysis - Practice trades

[mindgames]

Trade 7 of 2016

Stock: WIPRO
Buy: 562.25 on 30 March 2016
Sell: 600.9 on 20 April / 21 April 2016
Holding period: 21 / 22 days
Trade reason: Ichimoku breakout

Comments
1. Covered 50% at prior resistance area as well as due to impending results.
2. Stock gapped down on results. Covered balance 50%.

 

[mindgames]

Trade 8 of 2016

Stock: HCLTECH
Buy: 853.65 on 18 April 2016
Sell: 805.6 on 28 April 2016
Holding period: 10 days
Trade reason: Ichimoku breakout

Comments
1. Entered in anticipation of breakout. Did not pay attention that stock was still in a trading range. Urge to place a trade?
2. Covered position after stock gapped down on results day. During the day, stock seemed to have found support around 800. Was wondering if I should place a stop around 800 and see if that holds. Thankfully closed the position the same day as stock tumbled even lower over next few days.

 

[mindgames]

Trade 9 of 2016

Stock: INFRATEL
Buy: 397 on 18 April 2016
Sell: 372.35 on 21 April 2016
Holding period: 3 days
Trade reason: Ichimoku setup

Comments
1. Even though there was a breakout and close above range, the entry candle was a shooting star. Very poor decision to enter. Urge to trade??
2. Covered position 2 days later on delivery as price continued to be weak.

 

[mindgames]

Trade 10 of 2016

Stock: DCBBANK
Buy: 88 on 18 April 2016
Sell: 89.15 on 5 May 2016
Holding period: 17 days
Trade reason: Range breakout

Comments
1. Entered on gap up day after results
2. Stock rallied upto 16% over next 2 days. Poor decision to not exit part of the position at these levels. Did not do so as I wanted to let winners run. Eventually, trailing SL hit at break-even levels.
3. Learning: When you get a good spike run, cover atleast part of the position.

 

[mindgames]

Trade 11 of 2016

Stock: AXISBANK
Buy: 459.5 on 20 April 2016
Sell: 461 on 27 April 2016
Holding period: 7 days
Trade reason: Ichimoku setup

Comments
1. Should have set SL below break-out bar. Instead, set it at top of the bar to avoid loss. Bad decision as stock resumed uptrend after taking off the stop.

 

[mindgames]

Trade 12 of 2016

Stock: BANKBARODA
Buy: 161 on 21 April 2016 / 155.35 on 2 May 2016
Sell: 146.1 on 16 May 2016
Holding period: 25 / 14 days
Trade reason: Ichimoku setup

Comments
1. Stuck to rules. Got stopped out at trailing SL.

 

[mindgames]

Trade 13 of 2016

Stock: ONGC
Buy: 216.2 on 22 April 2016
Sell: 204 on 11 May 2016
Holding period: 19 days
Trade reason: Bullish engulf on monthly chart (Feb-Mar) after downtrend.

Comments
1. Entered with tight SL at previous month's low. Stuck to rules. Trailing SL triggered.
2. SL should have been at Feb-Mar low?

 

[mindgames]

Trade 14 of 2016

Stock: ADANIPOWER
Buy: 32.8 on 26 April 2016
Sell: 30.4 on 4 May 2016
Holding period: 8 days
Trade reason: Hammer and Maribuzo on monthly chart in Feb-Mar

Comments
1. Plan was to hold this for the long term. Entered with previous month low as SL.
2. Exited early seeing weakness in price.

 

[mindgames]

Trade 15 of 2016

Stock: TATAPOWER
Buy: 70.65 on 27 April 2016
Sell: 68.05 on 19 May 2016
Holding period: 22 days
Trade reason: Appears to be forming a base on the monthly chart. Maribuzo in March.

Comments
1. Plan was to hold this for the long term.
2. Stopped out by tight trailing SL. May decide to re-enter.

 

[mindgames]

Trade 16 of 2016

Stock: THOMASCOOK
Buy: 185.5 on 3 May 2016
Sell: 178.85 on 16 May 2016
Holding period: 13 days
Trade reason: Long tails in monthly chart in past couple of months

Comments
1. Plan was to hold this for the long term.
2. Entered with Mar-16 low as SL. Exited earlier due to weak price action.