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

Axisbank

Discussion in 'Technical Analysis' started by sujan4bw, Aug 7, 2012.

Tags:
Page 1 of 2
  1. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi All,

    Axis bank can be good play for 3 - 4 days means short term.

    Breakout of previous high today . Let me know your views.

    Regards
    Sujan
     
    sujan4bw, Aug 7, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Can be played above 1075
     
    shabbir, Aug 7, 2012
    Share #2
  3. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    I took position at 1081...now it is at 1091 :)
     
    sujan4bw, Aug 7, 2012
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Lovely :D Do share when you square off as well.
     
    shabbir, Aug 7, 2012
    Share #4
  5. sshikligar

    sshikligar New Member

    Joined:
    Jul 30, 2012
    Messages:
    6
    Likes Received:
    0
    stride arcolab has broken 50dma,i m holding 100 shares pl advice.
     
    sshikligar, Aug 7, 2012
    Share #5
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Please don't jump into Axis Bank thread and post about some other stock. Either search for that stock and discuss in that thread or else you may create a new thread for that stock.
     
    shabbir, Aug 7, 2012
    Share #6
  7. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Booked profit in Axis. Bought 1100 Call option 2lots (500 shares) at 20 and booked profit at 31.
     
    sujan4bw, Aug 9, 2012
    Share #7
  8. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Handsome profits :D
     
    shabbir, Aug 9, 2012
    Share #8
  9. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Thx Shabbir, Im following same breakout strategy but not at major resistance level.

    While taking positions Im also checking Volume. For these small spikes, making use of options.

    Also Im keeping stop loss for these kind of entries. Please correct me If im worng.

    Regards
    Sujan
     
    sujan4bw, Aug 9, 2012
    Share #9
  10. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    No you are doing it right because stop losses are the things you should never miss and best of the best traders and never always right but the amount of time they win outperforms the amount of time they loose but they loose too.
     
    shabbir, Aug 9, 2012
    Share #10
  11. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Im strictly following below two step process while taking positions at short term breakouts.

    1. 10 days mov avg must be above 30 days.
    2. It must be break out and volume should increase at same time.
     
    sujan4bw, Aug 9, 2012
    Share #11
  12. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Booked loss in axis bank
    Bought @ 1089.70 on 7-8-12 with stoploss of 1050 for the target of1140
    Stoploss hit and I quit @ loss:(
     
    sanjay_sansanwal, Aug 10, 2012
    Share #12
  13. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi Sanjay,

    It was in side ways ranging from 1089 - 1109 several times. Mentioned clearly it is good for 3 - 4 days.

    Initially even I Set target of 1120....but looking at the script in side ways I squared off when it was at 1105

    Regards
    Sujan
     
    sujan4bw, Aug 10, 2012
    Share #13
  14. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    It is okay I saw w break out in that and I traded.
     
    sanjay_sansanwal, Aug 10, 2012
    Share #14
  15. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Interium breakouts are always good for 2 - 3 day trading. Again you have to look at Volume and other Indicators.
     
    sujan4bw, Aug 10, 2012
    Share #15
  16. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Dear,
    Every thing was fine in this trade look at the attached file there was volume increasing, upper bollinger band is moving with the price, lower sma cut above the higher sma and w break out too.
    But there is one mistake which I realize that I put my stoploss @ near resistance not @ the near support which is 1000 and i am sure axis bank will not break 1000 level.
    Always I put my stoploss at near suppot but I don't know why I did that.
    It's okay it is a new lesson for me.
    Thanks for ur kind concern.
     

    Attached Files:

    sanjay_sansanwal, Aug 10, 2012
    Share #16
  17. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    True, everyday is learning in stock market. I will make use of Interium breakouts to trade in Future and Options. Will square off with Rs 2 - 3 profit.

    NTPC - played in option last week ( Paper trade)
    Gail - Played in Future.
    Axisbank - Options
    HUL - Future

    Regards
    Sujan
     
    sujan4bw, Aug 10, 2012
    Share #17
  18. masihpatel

    masihpatel Active Member

    Joined:
    Jun 2, 2012
    Messages:
    325
    Likes Received:
    49
    Better luck next time sanjay.
     
    masihpatel, Aug 10, 2012
    Share #18
  19. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Yep, Do share ur trades too.
     
    sanjay_sansanwal, Aug 10, 2012
    Share #19
  20. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Thanks for ur conserns.
     
    sanjay_sansanwal, Aug 10, 2012
    Share #20
Page 1 of 2