Is this a buy @ CMP for 424 and 437 with SL 400

Is this a buy @ CMP for 424 and 437 with SL 400

If the above call is fine, should the SL be lowered to 388-390 considering expiry and related volatility.

The price has gone up with huge volumes earlier and gone a little down with significantly low volumes. Opinions please.

Thanks
Naveen

 

According to me Target 437 and sl of 400 is perfect.

 

Thanks Shabbir & Priya for your comments.

Nice to hear the levels to be perfect for the first time as comment.

Thanks
Naveen

 

Its my pleasure

 

Hi Shabbir,
All targets achieved and seems to give even greater returns.
I did a partial exit @ 437 today. Sold of 1/3rd holdings so that SL wont touch my capital .

Thanks
Naveen

 

Reliance Infra proving to be a good stock for me for doing small intra day trades, sitting on the comforts of a small profit booked earlier at 437.
1. Got in @ 434 with SL 423 and sold off @ 445
2. Got in @ 447 with SL 435 and sold off @ 454

Any one else here doing similar trades or different ways where you find text book methods boring at times ? Where SL is sometimes way below compared to target, of course only when the markets are still not ready to give up the momentum.

Thanks
Naveen

 

Superb reply. hmy: That was what I had in mind, just somehow didn't put up here..
Feels good to hear the very same thing..

 

Sold next 1/3rd @ 488. Trailing SL could have been the better option, when looking back. Never mind, was a good pick indeed and since Shabbir told about break out, I was anticipating the same and sold of 1/3rd only initially. That payed off well.

Thanks
Naveen

 

Sold next 1/3rd @ 488. Trailing SL could have been the better option, when looking back. Never mind, was a good pick indeed and since Shabbir insisted about break out, I was anticipating the same and sold of 1/3rd only initially. That payed off well.

Thanks
Naveen

 

Great

 

Thanks

Naveen

 

Again took a small position @ 506 seeing the stock hitting 52 week high quite effortlessly. My SL @490 .

Thanks
Naveen