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Breakout !!!

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

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  1. shabbir

    shabbir Administrator Staff Member

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    Yes time to remain cash heavy in your trading portfolio and if you are looking for investment, sit on sidelines for a week or two and see the action.
     
    shabbir, Apr 24, 2015
    Share #21
  2. saptarshi_sachin

    saptarshi_sachin Responder

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    Again entered into Asian Paints at 772 now. Keeping strict stop and also fingers crossed...

    Let's see.
     
    saptarshi_sachin, Apr 24, 2015
    Share #22
  3. shabbir

    shabbir Administrator Staff Member

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    Looks like thats your lucky number 772
     
    shabbir, Apr 24, 2015
    Share #23
  4. jignesh_acharya

    jignesh_acharya Active Member

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    jignesh_acharya, Apr 24, 2015
    Share #24
  5. saptarshi_sachin

    saptarshi_sachin Responder

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    Ha ha ha ha, well said....

    786 I knew was the lucky number,
    Balla no. 786......
     
    saptarshi_sachin, Apr 24, 2015
    Share #25
  6. shabbir

    shabbir Administrator Staff Member

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    LOL
     
    shabbir, Apr 25, 2015
    Share #26
  7. jignesh_acharya

    jignesh_acharya Active Member

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    Can you elaborate this in more detail? were you referring the intraday level of high and low?
     
    jignesh_acharya, May 4, 2015
    Share #27
  8. shabbir

    shabbir Administrator Staff Member

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    That was the explanation of pinbar and you can see the details about it in this post.
     
    shabbir, May 4, 2015
    Share #28
  9. saptarshi_sachin

    saptarshi_sachin Responder

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    Finally sold Asian Paints @800 which was earlier taken at 772.

    Inbetween there was pain, but finally Asian made ground with a rally.
    Decent gains finally after struggle.
     
    saptarshi_sachin, May 14, 2015
    Share #29
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  10. shabbir

    shabbir Administrator Staff Member

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    Party time but then I would have sold partly and made a trailing stop loss for this stock to gain more profit from the momentum
     
    shabbir, May 15, 2015
    Share #30
  11. saptarshi_sachin

    saptarshi_sachin Responder

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    Yes Shabbir, that would have been the right approach. Could have sold partial today at 800+ levels.
    But market volatility and unpredictability forced me to exit before Asian Paints is going to declare Q4 results next week Monday.
     
    saptarshi_sachin, May 15, 2015
    Share #31
  12. shabbir

    shabbir Administrator Staff Member

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    If Monday is the result day then possibly you have done a great job.
     
    shabbir, May 15, 2015
    Share #32
  13. saptarshi_sachin

    saptarshi_sachin Responder

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    Yes Shabbir, Monday (May 18) Asian Paints going to declare Q4 results.
     
    saptarshi_sachin, May 15, 2015
    Share #33
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  14. jignesh_acharya

    jignesh_acharya Active Member

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    I am still long in this... Hope this will not repeat indusind like incident in result day...
     
    jignesh_acharya, May 17, 2015
    Share #34
  15. saptarshi_sachin

    saptarshi_sachin Responder

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    Depends on results and how market stays overall. In the medium term you can be long but specific to tomorrow nothing can be judged.

    If results are not overwhelming/beating expectations in a good way, there is a good chance of Asian Paints slipping down on results day tomorrow. Already there was fair amount of profit booking seen, and Asian couldn't hold above 800-805 after touching highs of around 818. Stay alert.
     
    saptarshi_sachin, May 17, 2015
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  16. shabbir

    shabbir Administrator Staff Member

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    Even good results of good companies can dampen price on results day and you can see why here - http://shabbir.in/buying-stock-better-results/
     
    shabbir, May 18, 2015
    Share #36
  17. jignesh_acharya

    jignesh_acharya Active Member

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    I read this blog but I can't understand why anybody sell the stock inspite of good results?
    What is psychology behind this?
     
    jignesh_acharya, May 18, 2015
    Share #37
  18. saptarshi_sachin

    saptarshi_sachin Responder

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    I told to stay alert and there you go.
    Huge profit booking, selling seen and the downfall. Asian ran up too much even when market was muted, and I am just guessing that DII had entered Asian and pulled it up, and now they are fleeing and dumped Asian to buy other stocks in today's +ve market.
     
    saptarshi_sachin, May 18, 2015
    Share #38
  19. jignesh_acharya

    jignesh_acharya Active Member

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    look at lupin... Going back to fly again inspite of bad results
    Look at indusind, tumbled inspite of good results
     
    jignesh_acharya, May 18, 2015
    Share #39
  20. jignesh_acharya

    jignesh_acharya Active Member

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    Seems volatility crash after results...
     
    jignesh_acharya, May 18, 2015
    Share #40
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