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

L&T finanace

Discussion in 'Technical Analysis' started by masihpatel, Apr 2, 2014.

  1. masihpatel

    masihpatel Active Member

    Joined:
    Jun 2, 2012
    Messages:
    325
    Likes Received:
    49
    Hi All,Is it a buy@CMP, for the target of 84 with SL of 70. Made high of 78.7 today? Please share your views.
     

    Attached Files:

    masihpatel, Apr 2, 2014
    Share #1
    srspriya06 likes this.
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Looks great
     
    shabbir, Apr 2, 2014
    Share #2
  3. naveen1241

    naveen1241 Responder

    Joined:
    Jul 11, 2012
    Messages:
    292
    Likes Received:
    52
    Hi

    I had got in @ 72 and quit half of the holdings @ 77 today. Charts might look great. But somehow I'm not comfortable trading based on technicals alone when markets running away like this. Valuation wise, i think it's heavily over priced. Usually seeing charts, I buy double quantity of what I want to hold and quit half of it to cover for SL and remain in trade with the remaining (Fearing gap down openings).

    Thanks
    Naveen
     
    naveen1241, Apr 2, 2014
    Share #3
  4. masihpatel

    masihpatel Active Member

    Joined:
    Jun 2, 2012
    Messages:
    325
    Likes Received:
    49
    Tanked today due to rejection of bank license application, luckily my buy order not executed yesterday.
     
    masihpatel, Apr 3, 2014
    Share #4
    naveen1241 likes this.
  5. naveen1241

    naveen1241 Responder

    Joined:
    Jul 11, 2012
    Messages:
    292
    Likes Received:
    52
    Great.... :) I quit positions without loss luckily ...
     
    naveen1241, Apr 3, 2014
    Share #5
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Great escape. :D
     
    shabbir, Apr 3, 2014
    Share #6