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Rght time to buy?

Discussion in 'Technical Analysis' started by verenmitter2001, Jan 31, 2014.

  1. verenmitter2001

    verenmitter2001 Member

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    Dear Shabbir
    I Think LUPIN can be bought at cmp with sl of 860
    Whats your view.

    Regards
    Veren
     
    verenmitter2001, Jan 31, 2014
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  2. m_padmakumar

    m_padmakumar Member

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    Lupin is in down trend. Also result is on 3.2.14. So I think better wait.

    Thanks
     
    m_padmakumar, Jan 31, 2014
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  3. shabbir

    shabbir Administrator Staff Member

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    Based on what?
     
    shabbir, Jan 31, 2014
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  4. verenmitter2001

    verenmitter2001 Member

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    It is a script with good risk return ratio ,as sl was too close and 860 formed a good bottom

    Veren
     
    verenmitter2001, Feb 1, 2014
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  5. shabbir

    shabbir Administrator Staff Member

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    I would wait for the leg up in this stock because as of now it is coming down and bottom is not yet decisive.
     
    shabbir, Feb 1, 2014
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  6. verenmitter2001

    verenmitter2001 Member

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    hi shabir
    lupin is making an interesting pattern. Can be bought at cmp with sl of 958.
    What do u say.

    Regards
    Veren
     
    verenmitter2001, May 14, 2014
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  7. verenmitter2001

    verenmitter2001 Member

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    Adding the chart of LUPIN
     

    Attached Files:

    verenmitter2001, May 14, 2014
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  8. srspriya06

    srspriya06 Active Member

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    Yes it is looking good. Follow the strict stop loss.
     
    srspriya06, May 14, 2014
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  9. shabbir

    shabbir Administrator Staff Member

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    Yes really interesting and that too in a stock which is all time fav as well. Added this to stock chart of the day
     
    shabbir, May 14, 2014
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  10. verenmitter2001

    verenmitter2001 Member

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    shabir can we play the event of election with lupin . As a policy i do not carry trade on event date so wanted to take a second opinion as i have already entered lupin at cmp.
    regards
    veren
     
    verenmitter2001, May 14, 2014
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  11. shabbir

    shabbir Administrator Staff Member

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    I don't see much of an impact on Lupin for election but yes what you follow is a great rule and if you have small profits, you can come out of Lupin as well. You will have opportunities in the near future as well.
     
    shabbir, May 14, 2014
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  12. verenmitter2001

    verenmitter2001 Member

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    Hi shabir
    I am making a small loss in LUPIN and want to carry on for few days.
    Can this trade be carried on 16 tomorrow? I do not want to book loss as of now but in two mind for tomorrow.

    Please share your view.

    Regards
    Veren
     
    verenmitter2001, May 15, 2014
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  13. shabbir

    shabbir Administrator Staff Member

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    You should be looking at your stop loss from the day you invested and what was that?
     
    shabbir, May 15, 2014
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  14. verenmitter2001

    verenmitter2001 Member

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    SL was 958 not hit yet but tomorrow day event I am not able to decide to carry position or not.
     
    verenmitter2001, May 15, 2014
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  15. srspriya06

    srspriya06 Active Member

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    Lupin trading @ 973.65
    Made a high of 981.9.
     
    srspriya06, May 16, 2014
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  16. verenmitter2001

    verenmitter2001 Member

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    Hi Priya
    I did not carry the trade today.
    Got the trade square off yesterday itself.

    Will renter once market cools downs.
    It can be very dicy to enter at these levels.

    Regards
    Veren
     
    verenmitter2001, May 16, 2014
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  17. srspriya06

    srspriya06 Active Member

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    :taz:
     
    srspriya06, May 16, 2014
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    shabbir likes this.
  18. verenmitter2001

    verenmitter2001 Member

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    :scared:lupin broke its support toda.

    It give us a lesson. No matter how good your script is and how good is the trend the stop loss should always be in place.
    This good practice saved me on 15 may in lupin.

    Shabbir any reason of this big sell off today.

    Regards
    Veren
     
    verenmitter2001, May 19, 2014
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  19. shabbir

    shabbir Administrator Staff Member

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    Don't see any reason but the reason may come after the price action.
     
    shabbir, May 20, 2014
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