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JSW Steel

Discussion in 'Technical Analysis' started by sujan4bw, Aug 10, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi,

    Watch JSWSTEEL closely next week. Do not take position Immediately.

    Please watch if it break out above in range of 740.

    Regards
    Sujan
     
    sujan4bw, Aug 10, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    To be on the safe side make it 750
     
    shabbir, Aug 10, 2012
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  3. sujan4bw

    sujan4bw Member

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    just took position for Intraday option 2lots (1000 shares) at the price 11.50.
    I took position for Intraday only.
     
    Last edited: Aug 13, 2012
    sujan4bw, Aug 13, 2012
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  4. sujan4bw

    sujan4bw Member

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    Shabbir, today stock high is 748...shall I hold the position ? When I took it was at 741
     
    Last edited: Aug 13, 2012
    sujan4bw, Aug 13, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    Individual stock positions are based on real time information and so I don't think I can help you on that part because I may reply in few minutes to hours delay.
     
    shabbir, Aug 13, 2012
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  6. sujan4bw

    sujan4bw Member

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    Hi Shabbir,

    Okay. I'm still holding the position.

    Regards
    Sujan
     
    sujan4bw, Aug 13, 2012
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  7. sujan4bw

    sujan4bw Member

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    JSW steel Rocking, just crossed 750
     
    sujan4bw, Aug 14, 2012
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  8. sujan4bw

    sujan4bw Member

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    Squared off at 16.50. Again I will take position later in same stock.
     
    sujan4bw, Aug 14, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    11.50 to 16.50. Not a bad trade.
     
    shabbir, Aug 14, 2012
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  10. sujan4bw

    sujan4bw Member

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    Thx a lot Shabbir, its all because of your support.
     
    sujan4bw, Aug 14, 2012
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  11. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Aug 14, 2012
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  12. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Good going sujan but be aware that when u trade in option it make u zero to hero in a single day and hero to zero in another day so plz strict with ur stoploss and keep ur eyes open when u trade.
    Best of luck.
     
    sanjay_sansanwal, Aug 14, 2012
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  13. sujan4bw

    sujan4bw Member

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    Hi Sanjay,

    Thanks for alerting me. I would follow your comments.

    In a week I will pick one or two strong stocks and trade them in FNO.

    Regards
    Sujan
     
    sujan4bw, Aug 14, 2012
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  14. shabbir

    shabbir Administrator Staff Member

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    But make sure you don't trade for the money you are willing to loose.

    Also what is the final profit amount just in case you want to share.
     
    shabbir, Aug 14, 2012
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  15. sujan4bw

    sujan4bw Member

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    Its around 5k.

    I tried around 30 paper trades in FNO segment with breakout strategy....succes ratio is almost 70%. some hit stop loss.

    I will see the chart in multiple time frames to test breakout. If it is fine in all time frames than only I will take position.
     
    Last edited: Aug 14, 2012
    sujan4bw, Aug 14, 2012
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  16. shabbir

    shabbir Administrator Staff Member

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    Yes 70 to 80 % is what is easily achievable with break outs. At times even more.
     
    shabbir, Aug 14, 2012
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  17. sujan4bw

    sujan4bw Member

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    JSWSTEEL is having resistance at 755.
     
    sujan4bw, Aug 16, 2012
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