Piramal Healthcare

Hi All,

There is breakout of previous high 532 which was on 29-06-2012.

Now it is trading at 534, can take position above 538.

Let me Know your views.

Regards
Sujan

 

Hi Shabbir,

Let me tell my background. My experience in stock market is just one year, I Incurred loss by subscribing tips provider in first two months. there after I learned technical analysis on my own by spending 5 hrs daily. I took positions based on my learnings, but one position would wipe out all my profits. After reading your e book I learned a lot. Now I'm taking care of risk management as well.

As a trader I wanted to convey that we should overcome Greed, Fear and main important is Ego clashes.

Regards
Sujan

 

Dear,
Good to hear honest background, I think same thing happened to everyone atleast samething happened to me and for ur kind information I lost my major money in options cause options specially need very good technical back ground.
In equity u can hold any stock till u want it.
In future u can rollover around same price to till next expiry.
And both moves or consolidate simuntaniously.

But in option u can earn only in spikes orelse u will loose only even if the stock or indices consolidate it will make u loss.
So i request u to be very carefull if planning to trade in options.

 

Shabbir,

I am not sure, but the was a gap down in the chart from July first week in Piramal Healthcare. I have shown this by a red arrow in the attached chart. I think the rally may not sustain. What is your view?

 

Gap ups or Gap down's will always be filled at later stage. In this case Gap down is already filled which is good sign for long term perspective.

Shabbir, correct me if Im wrong.

Regards
Sujan