Trading Strategies Using Technical Analysis

[SwingKing]

hi raunakji

I entered ivrcl infra at 155.5, what should i do now?

with regards

kumaran

Kumaran,

I assume you have entered on a Swing basis.

I would advise you to exit and stay away from this stock.

Even from Investment purpose, there is nothing much in it.

Tc

 

[SwingKing]

Hi Raunak

Your structured process of 'Clarity of Thought' is build up on pure observation. :thumb:. Congratulation for reaching that level.

Take care and thanks for your open minded post.

DanPickUp

Dan,

Thanks for your kind words.

I assume Clarity of thought is a stage reached after much self reflection. This is precisely why it cannot be taught. Its a stage which comes after immense frustration and failure. Most of the traders quit during this stage and the one's who are resolute reach the next level.

Those intending to reach a level of self satisfaction need to conquer themselves. This I feel is more important than anything in trading.

Tc

 

[dewashish]

Raunak
what positions shud one take in Nifty ??

 

[Piuvbn]

:clapping::clapping::clapping:

PTji
When I was small used to look at mother at the onset of rain she would reluctantly nod the all important permission and the JOY "OF DANCING IN THE RAIN". Cheers

 

[SwingKing]

Raunak
what positions shud one take in Nifty ??

I am long in Nifty @ 5150

Tc

 

[hawaisanjay]

Adi,

If you guys have doubt about something, I will go out of the way to help you. As it is I am planning to arrange a free session for all Traderji users here at my office. Lets see how that spans out.

Tc

Raunak Sir,Please consider me for the session,thanks.

 

[SwingKing]

Those who have DLF, be alert today.

Results are going to be announced today.

Tc

 

[trader_man]

I'll be looking at Apollo tyres beyond levels of 76. Under that, I wont be interested in committing any funds. If you have not taken futures, then wait and see what happens on results day. This season most of the stocks have been beaten down after results. Just keep this in mind.

Tc

Raunak ji, Apollo Tyres is up over 4% today and it should breach 76. Can we assume that results will be good tomorrow? Or, should I take profits now and buy again after seeing results. Thank.

 

[trader_man]

Raunak ji, sorry to bother you again, but I had one more question...not sure if you have answered it. Apologies if you have.

When the Powergrid FPO was announced, the stock dipped sharply below 98. Then, it has rallied by over 5%. SG was saying that this is because Lead Managers have ramped up the price because they want to make the FPO successful. Now, if this is the case, then price should drop sharply after last day of subscription. What is your view on this? Should we subscribe to this issue? Thanks.

 

[SwingKing]

Raunak ji, Apollo Tyres is up over 4% today and it should breach 76. Can we assume that results will be good tomorrow? Or, should I take profits now and buy again after seeing results. Thank.

Let it close on a weekly basis.

If you see it closing beyond 76 comfortably on weekly basis .. then go long or add more. If the move is genuine, you will have lot more to catch on. Hence be patient.

For my portfolio I will buy only above 76. Whether I get it at 78 or 84 or 90 is just a matter of luck.

Tc