Apollo Tyre

Ahh, you are monitoring closely, Thanks for the update.

 

Now all have forget about apollo tyres.
But now it is looking interesting and forcing me to get in trade.
On Monday I am going to buy @ cmp 92.65 with stoploss of 88 for the target of 102 or more.
It is very risky call so plz don't follow me and if do that then plz strict with stoploss.

 

I am already IN at 97 earlier, its only daily good volume thats motivating me to stay put!

It should reach 100 easily in next jump.

 

So u r not following ur stop loss strictly.

 

>>So u r not following ur stop loss strictly.

My stop loss was 90, it closed at 89.10 on one of the last days however the very next day it bounced back and closed above 90 hence I didnt sell. Also in past few days I am seeing greater than normal volume, suggesting a spike.

>>Entering at 97 with 100 as target means you are trying to make your >>brokers rich.

When I entered at 97 earlier my traget was for atleast 115 however since its not closing above 101 since past few days, I am planning to sell 50% when it reaches 100 and then will stay put for remaning 50% for further jump.

Any suggestions on this ?

Thanks

 

Default
Today closed at 99.90 and couple of days back closed at 100. Good volume recorded.

Shabbir good to eneter now with stop loss of 94 ?




What I think u r cheating ur self (I have heard from some one that no paper trader is like to called failure because in paper trading they are cheating themself by seeing a bounce back after hitting the stop )
I think u r doing the same thing in real trading and that is not good for any one.
Cause u have asked shabbir about stoploss of 94 and now u r telling my stoploss was 90, I don't know how u r following ur stops down cause it should be fixed or up if using trailing.
I was also thinking to get in trade but unable to do so but if I have entered then by stop loss hit I was out of trade.
So plz don't cheat ur self by doing that and if u follow stop loss on closing basis then next day ur work should be exit frm trade first to minimize ur loss.

I am planning to get in now @ cmp with stop of 88 because I have some different strategy.
So don't put ur self in trade because I am planning to enter cause if it hit stop of 88 I will loose only 5 bucks per share but u will loose double of that.

 

Sorry didn't get u, plz explain.

 

What I think u r cheating ur self (I have heard from some one that no paper trader is like to called failure because in paper trading they are cheating themself by seeing a bounce back after hitting the stop )
I think u r doing the same thing in real trading and that is not good for any one.
Cause u have asked shabbir about stoploss of 94 and now u r telling my stoploss was 90, I don't know how u r following ur stops down cause it should be fixed or up if using trailing.
I was also thinking to get in trade but unable to do so but if I have entered then by stop loss hit I was out of trade.
So plz don't cheat ur self by doing that and if u follow stop loss on closing basis then next day ur work should be exit frm trade first to minimize ur loss.

I am planning to get in now @ cmp with stop of 88 because I have some different strategy.
So don't put ur self in trade because I am planning to enter cause if it hit stop of 88 I will loose only 5 bucks per share but u will loose double of that.

 

I have mentioned 88 only.

Tarak Quote was mentioning about stop of 94 which I pasted in my post instead of multi quote by mistake.
I have corrected that mistake in my previous post.

 

Looks like increase in Open Intrest by looking at all messages.

I will closely watch itirate:

 

Yes Sanjay you are correct when you said cheating yourself as when it closed at 89 I should have exited. But the next day spike hold me back.

When I posted here with stop loss of 94, the very next day I entered at 97 and the day low was 95 during intraday. To be on safe side I had put stop loss of 90 and traget of 115 atleast.

Its also correct, never to follow someone and their trading pattern unless you are sure on that script.

 

Stock is potential to touch 102 again, If it closes and opens above 96 next day.

Traingle breakout at 84....next pattern is Bull flag, uptrend continuation pattern.

As soon as Flag breakout, people had gone for profit booking. Now again could see buying in range Flag support i,e, 88 - 90.

Book partial at 102 and follow wait and watch startegy looking at volume and pattern formed.

Let me know your views.

 

Hey sujan

I came to know why I got confused by looking ur chart because what u have drawn in between 2 currently down trend line is looking like it breach the previous candle shadow(30-8-12) but actually it has not breach.
And it reverse actually just above the shadow candle of 30-8-12.
Also there is a doji candle(25-9-12) which is showing trend reversal signal but next day again a bear candle but unable to breach previous candle low showing a good fight between bulls and bears but next day it breach the low but same time bulls taken control and manage to close above the price of previous close and last day also a bull candle showing reversal has done and ready to go up.
But there are some negatives it has broken 94 and 91 level of support.
It has done retracement at almost 100% on basis of daily chart.
It is just entering in Elliot wave 5 B which is not very strong and after that wave good down trend may start.

That is why I said risky call and request not to follow me cause I will use trailing stop loss frm 88 level.

 

Im not considering shadows, just taking account high of flag pattern which is 96.2

Thats the reason I mentioned close & open above 96 will have chances of 102.

Yes there is bullish pattern which still needs to turn strong enough.

Can you share Elliot wave links for further reference.

 

dear sujan,

any suggestion on how to predict or anticipate and be part of the profit booking by shorting the script from 102 to 90