Trading Strategies Using Technical Analysis

[SwingKing]

Raunakji,

Is it okay to enter GSPL when it falls

Thanks
Prem Kumar

As long as GSPL remains above 110.5-111, it is a valid buy below 115.

Adhere to the Stop loss given.

Tc

 

[SwingKing]

Hi Raunak/SM/Apurv and friends,

Is SUPREME INDUSTRIES (supremeind : nse symbol) a good buy for an investment of ONE YEAR, at CMP.

Because i got a mail about it y'day, stating that its fundamentals are looking strong,and tgt for short term is 1080.

My request to you friends is that, please tell me what do the charts speak of? If time permits kindly post your views at EOD.


Regards
Saivenkat

Technically stock is very strong.

Let it consolidate though. Keep it on your watch list.

Tc

 

[SwingKing]

any news on sugar?

I think it's sweet.

Follow the price, not the news.

Tc

 

[scplindia]

Raunakji,

How is Ash Ley looking now.

Should I exit or hold,

Thanks
Prem Kumar

 

[scplindia]

Ash Ley has taken support at your SL 72

 

[scplindia]

Raunakji,

Bajaj Auto is moving out of NIFTY stock, is it not negative for the stock.

Cheers,
Prem Kumar

 

[SwingKing]

Raunakji,

How is Ash Ley looking now.

Should I exit or hold,

Thanks
Prem Kumar

Prem,

I have already given my views on Ashok Leyland.

It was sold yesterday before market close. Gets bullish only above 75.

Tc

 

[SwingKing]

Raunakji,

Bajaj Auto is moving out of NIFTY stock, is it not negative for the stock.

Cheers,
Prem Kumar

Prem,

Bajaj Auto is going to be included in Nifty index list. Anyway, only way i decide whether a stock is weak/good/bad/strong is based on price. And dear Bajaj Auto is extremely strong.

Tc

 

[SwingKing]

Ash Ley has taken support at your SL 72

Support was changed on a real time basis after witnessing weakness in price structure. Our aim is to cut losses short. Will enter only if bullishness re - appears.

Tc

 

[SwingKing]

Always remember guys, the key to good short term trading is always managing risk properly.

As Ed Seykota says,

"The elements of good trading are cutting losses, cutting losses, and cutting losses."

Tc