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Breakout !!!

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

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  1. jignesh_acharya

    jignesh_acharya Active Member

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    Bought @ 848, Tgt-889, SL-840

    Please advise...
     

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    jignesh_acharya, Apr 11, 2015
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  2. saptarshi_sachin

    saptarshi_sachin Responder

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    Good one! Its a good buy, as per me tgts should be 900+
    Asian paints technicals are intact. I was also looking to enter but couldn't do it this week Friday.

    Lets see will try next week. Thanks Jignesh for posting.
     
    saptarshi_sachin, Apr 11, 2015
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  3. shabbir

    shabbir Administrator Staff Member

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    Very good buy and make a SL of 800ish levels to hold on for more gains.
     
    shabbir, Apr 12, 2015
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  4. ravirajpr

    ravirajpr Responder

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    Correct Shabbir there is strong support @800 zone.
     
    ravirajpr, Apr 13, 2015
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  5. saptarshi_sachin

    saptarshi_sachin Responder

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    Again breakout on the verge of failing. Asian Paints closed just below 840.

    Have to watch out for tomorrow. Today markets went for a toss suddenly with almost a 100 point slump on the Nifty in quick time. Almost everything was sold into.
     
    saptarshi_sachin, Apr 16, 2015
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  6. jignesh_acharya

    jignesh_acharya Active Member

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    You can wait till 800, as discussed earlier posts...
     
    jignesh_acharya, Apr 16, 2015
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  7. shabbir

    shabbir Administrator Staff Member

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    I think there is lot going on in this chart but I would assume there is more good than bad but then good will take its time to come.
     
    shabbir, Apr 16, 2015
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  8. saptarshi_sachin

    saptarshi_sachin Responder

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    Another bad day for Asian Paints, down to 822.

    Yet another breakout failing in a big way, what should have been a superb one the way it initiated. I have exited Asian Paints just below 840 today (booked loss), as I was keeping strict stop of 840, not willing to see further downfall.

    FII having a good time I believe. Now wait & watch time till the hitting and punching stops.
     
    saptarshi_sachin, Apr 16, 2015
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  9. shabbir

    shabbir Administrator Staff Member

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    I think 780ish is something it should touch soon and then may be move up or breakdown. More likely to move up.
     
    shabbir, Apr 16, 2015
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  10. saptarshi_sachin

    saptarshi_sachin Responder

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    Asian Paints is taking some sort of a support at 800 levels.

    Asian cmp@802 now still struggling.
     
    saptarshi_sachin, Apr 20, 2015
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  11. saptarshi_sachin

    saptarshi_sachin Responder

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    Asian paints at 771. Horrible!

    Any views? Shabbir/Jignesh?
     
    saptarshi_sachin, Apr 22, 2015
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  12. jignesh_acharya

    jignesh_acharya Active Member

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    Don't you think whole nifty is behaving horribly ???
     
    jignesh_acharya, Apr 22, 2015
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  13. saptarshi_sachin

    saptarshi_sachin Responder

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    Yes.... True

    Entered into Asian Paints few mins back at 772 after lot of dilemma....

    Lets see....
     
    saptarshi_sachin, Apr 22, 2015
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  14. shabbir

    shabbir Administrator Staff Member

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    I would not because just entering after a major crack in support may not be wise thing to be doing but if you know what you are doing, its all ok.
     
    shabbir, Apr 22, 2015
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  15. jignesh_acharya

    jignesh_acharya Active Member

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    Was that impulsive buying?
     
    jignesh_acharya, Apr 22, 2015
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  16. saptarshi_sachin

    saptarshi_sachin Responder

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    Not impulsive.

    Its little bit of intuition. Just entered @772, will keep a very strict stop for this. Will try to keep trailing if starts moving down, so that there is no need to book loss.

    Asian Paints ended @785 today, near supports, now lets see
     
    Last edited: Apr 22, 2015
    saptarshi_sachin, Apr 22, 2015
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  17. shabbir

    shabbir Administrator Staff Member

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    There are chances of formation of pinbar as well but then I prefer taking position the next day and not this early.
     
    shabbir, Apr 22, 2015
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  18. jignesh_acharya

    jignesh_acharya Active Member

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    How do you foresee pinbar ?
     
    jignesh_acharya, Apr 22, 2015
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  19. shabbir

    shabbir Administrator Staff Member

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    The open and close are close enough and there is a lot of variation in the high and low.
     
    shabbir, Apr 23, 2015
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  20. saptarshi_sachin

    saptarshi_sachin Responder

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    Booked out of Asian Paints at 792 which was bought at 772.

    Not sure to hold on as markets turned dicy again. Very volatile today, hence booked profit.
     
    saptarshi_sachin, Apr 23, 2015
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