1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Breakout !!!

Discussion in 'Technical Analysis' started by jignesh_acharya, Apr 11, 2015.

Page 3 of 3
  1. saptarshi_sachin

    saptarshi_sachin Responder

    Joined:
    Jul 20, 2013
    Messages:
    285
    Likes Received:
    73
    Lupin was beaten down already on downgrade, post results also it slipped to 1620-1630 range and then flying again back to 1700+ levels.

    Well I believe Lupin has corrected a lot from 2000 levels and hence chances of more downfall were lesser. That could be one reason.
     
    saptarshi_sachin, May 18, 2015
    Share #41
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Profit booking. Big investors buy it because they expect good results and when they get it, they are already on huge profits and so they sell off.
     
    shabbir, May 19, 2015
    Share #42
  3. jignesh_acharya

    jignesh_acharya Active Member

    Joined:
    May 5, 2014
    Messages:
    235
    Likes Received:
    27
    Same thing happened in SBI on result day...
     
    jignesh_acharya, May 24, 2015
    Share #43
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Pretty much the same theory plays on all good stocks.
     
    shabbir, May 24, 2015
    Share #44
  5. saptarshi_sachin

    saptarshi_sachin Responder

    Joined:
    Jul 20, 2013
    Messages:
    285
    Likes Received:
    73
    Yes!
    And I cannot rule out an operator hand in this, considering it is SBI.
     
    saptarshi_sachin, May 24, 2015
    Share #45
  6. saptarshi_sachin

    saptarshi_sachin Responder

    Joined:
    Jul 20, 2013
    Messages:
    285
    Likes Received:
    73
    Entered into Asian Paints at 755 last week.

    Cmp 758, lets see.
     
    saptarshi_sachin, Jun 8, 2015
    Share #46
  7. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Yes lets see. I think for longer term accumulation method may be right but not for trading long as of now.
     
    shabbir, Jun 8, 2015
    Share #47
    saptarshi_sachin likes this.
  8. saptarshi_sachin

    saptarshi_sachin Responder

    Joined:
    Jul 20, 2013
    Messages:
    285
    Likes Received:
    73
    Booked profit in Asian Paints@775 after a good wait....

    Thought it was not wise to wait any further.

    Sent from my XT1033 using Tapatalk
     
    saptarshi_sachin, Jul 5, 2015
    Share #48
  9. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Profit booking is always recommended.
     
    shabbir, Jul 5, 2015
    Share #49
    saptarshi_sachin likes this.
Page 3 of 3