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Breakout !!!

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

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  1. saptarshi_sachin

    saptarshi_sachin Responder

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    Lupin was beaten down already on downgrade, post results also it slipped to 1620-1630 range and then flying again back to 1700+ levels.

    Well I believe Lupin has corrected a lot from 2000 levels and hence chances of more downfall were lesser. That could be one reason.
     
    saptarshi_sachin, May 18, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    Profit booking. Big investors buy it because they expect good results and when they get it, they are already on huge profits and so they sell off.
     
    shabbir, May 19, 2015
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  3. jignesh_acharya

    jignesh_acharya Active Member

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    Same thing happened in SBI on result day...
     
    jignesh_acharya, May 24, 2015
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  4. shabbir

    shabbir Administrator Staff Member

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    Pretty much the same theory plays on all good stocks.
     
    shabbir, May 24, 2015
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  5. saptarshi_sachin

    saptarshi_sachin Responder

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    Yes!
    And I cannot rule out an operator hand in this, considering it is SBI.
     
    saptarshi_sachin, May 24, 2015
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  6. saptarshi_sachin

    saptarshi_sachin Responder

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    Entered into Asian Paints at 755 last week.

    Cmp 758, lets see.
     
    saptarshi_sachin, Jun 8, 2015
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  7. shabbir

    shabbir Administrator Staff Member

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    Yes lets see. I think for longer term accumulation method may be right but not for trading long as of now.
     
    shabbir, Jun 8, 2015
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  8. saptarshi_sachin

    saptarshi_sachin Responder

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    Booked profit in Asian Paints@775 after a good wait....

    Thought it was not wise to wait any further.

    Sent from my XT1033 using Tapatalk
     
    saptarshi_sachin, Jul 5, 2015
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  9. shabbir

    shabbir Administrator Staff Member

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    Profit booking is always recommended.
     
    shabbir, Jul 5, 2015
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