iCharts Discussions

shashangan · Posted: Wed Mar 20, 2013 1:49 pm Post subject:

Not sure, 5728 yes, 5723 possible. Let's see

Unfortunately I am playing with stops due to yesterday erosion of 60% of my hard worked profits for past 2 months. I was busy in office & didn't know of the political crisis happening.

Overall my year & performance has been good. Probably financial year ending tax on profit bali arpan to Paramatma Nifty.

It's ok.

Regards,
Gautham Shashangan

shashangan · Posted: Wed Mar 20, 2013 1:55 pm Post subject:

Changed & Bought at 5723.15.

Regards,
Gautham Shashangan

dharmeshtr · White Belt Joined: 10 Feb 2011 Posts: 205

Shashangan,

What should be the target for 2nd Buy?

Thanx,
dtr

shashangan · Posted: Wed Mar 20, 2013 2:36 pm Post subject:

Same target mentioned morning.

If I am not wrong, I got a feeling mkt can try near 5760 may be by closing.

But it's just my view. I can be wrong.

But again near term there is a possibility of testing the lows again tomorrow or day after possibly a new low.

Lets see

Regards,
Gautham Shashangan

SP50 · Brown Belt Joined: 26 Nov 2010 Posts: 1615

shashangan · Posted: Wed Mar 20, 2013 3:00 pm Post subject:

Change you stop to 5688 & close your position EOD.

The mkt may open a little higher with a gap tomorrow. But not necessary, it's my view. I am myself trying very hard to understand the trend.

Take your own decisions.

Last few day's move has spoilt my charts. Also kindly follow the news closely, since I am pathetic with news.

Regard,s
Gautham Shashangan

SP50 · Brown Belt Joined: 26 Nov 2010 Posts: 1615

shashangan · Posted: Wed Mar 20, 2013 3:06 pm Post subject:

Well then I have been only following chart & yesterday's political drama was unknown to me since I was as usual just thinking the moves were some stop hunting & to confuse small players.

But news of such magnitude sends panic in the mkt, so those news are dangerous for technical traders, if they ignore.

I am planning to carry my position. But it can be dicey, so do your own Risk analysis.

Thanks
Gautham Shashangan

shashangan · Posted: Wed Mar 20, 2013 3:15 pm Post subject:

Hoping, The up move should start from now, If it doesn't in next 5 min.s then we have to see what happens tomorrow & also today's closing.

A break above NF 5719 will bring in some more buying for now.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Mar 21, 2013 10:55 am Post subject:

My God, Test of nerves. Was holding my heart in the mouth when mkt dipped below 5690. Was thinking have I been again deceived.

I am holding my 5723.15 buy, Wondering what to do with my buy now, whether to hold or just leave it. This move looks foxy.

Expected a strong up move yesterday, but not so powerful.

Taking the gamble to hold on for a little more time.

Regards,
Gautham Shashangan

skd2012 · Yellow Belt Joined: 03 Oct 2012 Posts: 948

shashangan · Posted: Thu Mar 21, 2013 11:10 am Post subject:

Thanks Das,

Holding on to my impulse, scared of the news so have,

Placed an order to Book my long @ 5764.90.

Mkt could continue going up further possibly but may slow down the rush movement.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Mar 21, 2013 11:51 am Post subject:

Challenging moment for a trader is when they see profit to book it. Anyway at times holding on to my nerve has paid off.

Cancelled the limit 5764.90 & placed stop @ 5737.80.

Want to take a gamble - Aar ya Paar

Let's see.

Gautham Shashangan

SP50 · Brown Belt Joined: 26 Nov 2010 Posts: 1615