Neyveli lignite :
Huge volumes generated
Base formed @ 158, if not broken & 163 today conquered after 1.45 pm. Then it could be the stock of the day. Agressive buy immediately. Conservative if afford can take a risk to buy near 160, or on a cross over of 163, SL for both 157.
Happy Sailing
OM SAI RAM
P.S. - All TGTS achived pin point on calls generated on friday
Rajesh exports, Rel capital, DCB, PFC & Tulip IT.
P.S. 2 - I hope madhu & vvvvv are happy persons now. Forgot to mention tgts for neyveli. tgt 1 - 172, tgt 2.- 179. But stiff resistance @ 164-165.
Why agressive were asked to buy immediately. please go through my post [http://stock2gains.blogspot.com/2010/06/trade-summary-functioning-of-volume.html ], clearly explains the characterstics of an agressive VP trader. He wont let a stock run before he buys even if his buy price is little higher in comparison to conservative. Secondly, agressive trader is always ready to take risk of his small profit to go for higher tgts.
3 comments:
r u still in the VISHAL trade with same stop loss of 48 (closing basis?)?
VVVVV
thanks for visiting my blog & following my trades.i had to count, how many v u hav in ur names, before i replied to ur q.
Well, its a block buster trade, & more over its a investment bet. please go through the post again. amongst all the reco's, investment word was adjourned only with vishal retail. Its like a lifetime opportunity. & then the SL given was only for traders. & the strategy of booking some @ 4 % is to reduce our average costs. Otherwise if u see, our 4 % funda has worked well, and in one sense, call is closed. But, the position now opened , is only for agressive & investors.
VVVVV, it tests patience to trade in equities. & then in investing it takes a hell out of you. Please bear. I am confident that it would not take 48. But as a part of discipline we need to keep a SL ( http://stock2gains.blogspot.com/2010/06/why-to-put-stop-loss.html )
happy sailing
regards
Rochak,
You have not mentioned any targets for Nevyeli.
Sunil
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