At the edge of trend line breakout

11 Jan

Vguard trying to reach the trendline.
Sector is consolidating see orient electric, crompton, havells, ttk prestige etc.
So there is a chance it may fizzle out or may give a fake break out.

Enter at 294-293 for a target of 325 with SL 283.

If it breaks out then take some profit and for remaining keep trailing SL.

25 Jan

Nota

Still waiting for volumes. I am long on this.
I have not traded in Vguard, wait and watch only for now.

2 Feb

Nota

Volumes are coming in Vguard. Will wait for retracement to enter.

16 Feb

Nota

Price retraced and moved up.
My GTT did not trigger.
I deleted the GTT. Using the money to add NIFTYBEES or BANKBEES.

Reasons are:
BANKBEES formed a W pattern, it may try to fill the gap. HDFC Bank has to support for this.
NIFTYBEES , Reliance is consolidating at 2900, if it breaks out then it takes NIFTY higher. If HDFC Bank also adds to this rally then NIFTYBEES will be at new highs easily. Have to watch IT here too, sector rotation is not clear, profit booking is higher, Indices volatility is increasing.

All my SLs hit from last shake out. So adding in NIFTYBEES or BANKBEES for positional made sense to me.

Trade carefully please. Do not erode your Capital.

27 Feb

Dagangan ditutup: sasaran tercapai

Target 325 reached today.
I am adding NIFTYBEES in SIP, so did not trade in VGuard.