L&T Finance Holdings

Shabbir,

What makes this move...Fundamentals? Technicals? or just promoter driven moves?

 

Surely promotors boost and we can also catch the promotors move by some strategies, right now the strategy should be wait and watch and be ready for any new entry with small stop loss if it allows.

 

If its promotors boost then it might come down sharply?

 

It is surely promoters boost + some retail investors because of big up move and one thing to remember that in every field u can find promoters with out them no one make profit so don't think they are bad they could be bad for some one but they could be good also if u find out how to play with them not against with them.
What do u think they r buying this script like hell and now they will start selling like hell with out taking profit ?
just think about it and try to understand their psychology.

They will sell just little part of their total accumulation day by day for some days to eat up profit from retail investors and make them afraid by selling little part and then again start buying the script for 2-4 days to attract more retail investors and then when only retailors are left to buy and they got their target achieved they start selling like hell.
Atleast I think that way and I"ll try to update if I see any opportunity in the script.

 

sanjay

Thanks for your view....quiet interesting...

This is informative...pls keep us updated on this...

Shabbir/Sujan,
Your views on this from you will be appreciated...

regards
Suraj

 

One can enter in the script now @ cmp 77.80 to catch the promotors boost with traling stop loss of previous or current candle low whichever is lower.
currently stop is @ 71.7 after market close it will be 74.1 if not breach by today's candle.


Only for those who can track market on daily basis and can take risk.

 

I totally agree with u and I will not regret cause in this type of trade I earned lot and many times and some times when it triggered by trailing stop that time loss was very few bucks so no worry at all.

 

Hi Sanjay,

Are you considering closing price or intraday price for giving the sell call?
What I follow is, if tomorrow it closes below 74.1, sell the stock on next day. Is it OK?

Thanks

 

No don't wait to close the market.

Today's low is 76.55 and yesterday low was 74.1 so we have to set 74.1 as stop for tomorrow and if it hit that level then we have to exit by tomorrow only or else we will trail the stop as long as it move upward with out hitting our stop.

In more detail we have to look current and previous candle and set stop loss @ lower candle which ever (current/previous) is low for the next day stop loss and follow this till it hit ur stop and at any time it hit that same moment we have to exit no matter tomorrow or day after or so on, we don't have to wait till the market close cause sometime it can make disaster @ earlier stage after hitting stop, so just exit whenever it hit stop.

 

Today L&t housing is showing low of 74 but I don't know how it is showing that cause opening price of today is 75.50 and actual low is 74.95

Our today stop is 74.65 so if any one is holding this follow the stop of 74.65 to exit which is previous candle low.

 

still stop is 74.65 and today's opening price is 74.80 but it is showing 74.20 as low, some thing is wrong but strict with 74.65 which is not triggered till now.

 

I have asked my brother in law he told me it could be because of off line trade and if u put that stop in off market that could triggered but if in online market that price has not come and u r putting ur stop @ online market then no need to worry.
There is no trade in that price till now in online market.
So I am stick with that stop only and wait for further move to hit stop or for profit.

 

Today's stop is still @ 74.65

 

Near to trailing stop ready to exit if hit 74.65

 

Today's stop is still 74.65,yesterday it touched 74.70