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Keep Eyes on Nahar Spinning

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

  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Nahar spinnig has formaed W and as well as cup and handel pattern to and break out yesterday.
    I think it is good boy @ cmp with stoploss of 55.
    share ur views.
     
    sanjay_sansanwal, Aug 7, 2012
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Pls see the chart.
     

    Attached Files:

    sanjay_sansanwal, Aug 7, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    Yes you are right but the pattern is formed after a very long down trend and so use the stops cautiously.
     
    shabbir, Aug 7, 2012
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Booked loss @ 55
     
    sanjay_sansanwal, Aug 31, 2012
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  5. tarak_desai

    tarak_desai New Member

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    Out of curiousity, Sanjay when you strated - with how much funds you started - 20 k - 50 k?

    Also how much you assign to each script - is there any limit you follow like not more than 20k per script or not more than 5k stop loss per script when you trade ?

    Thanks
     
    tarak_desai, Aug 31, 2012
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  6. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    I have started with 1 lakh then add more & more and finely lost all around 4 lakhs because of so called expert/advisor/tip providers.

    After a gap of couple of years and some studies I started again with 1 lakh and till date I have not add any more but withdrawn around 65000 and still I have more than 1 lakh in my trading a/c.

    Before I was focussing on quantity but now I Learn some discipline so for each trade 25 thousand cause 4 to 5 trades u can track easily.
     
    sanjay_sansanwal, Aug 31, 2012
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