Hello friends !
Om Sai Ram.
Lets talk about the trades v have on our hand.
Sterling Biotech - Beautifully, provided us an opportunity to reduce our bearing cost, by our 4 % rule, ranging between 105.5 to 110.6 ( Isnt our 4 % rule working wonderfully ). Now, v have a luxury of all the worlds to hold the trade with a trading SL of 105.
Orient papers - Time 2 buy 30 % quantity now ( 20 % quantity being bought @ 53.6 ), close to 52. Rest 50 % to be bought only if v get levels below 50.
Had requested u all to keep an eye on MRPL, OFSS, BIOCON & HCC. arent them all providing us an opportunity to buy. That also shows my confidence that we would get a better buying opportunity in all above stocks, while posting.
MRPL- anything below 72 is a buy, keep a SL of 69. TGT 1.- 78.5 . Tgt 2.- 84.
OFSS - Buy between 2040-2055, SL 1985. TGTS in the range of 2240-2270.
HCC - Buy between 124-122. Tgt.1-131, Tgt 2.-134. Super lative tgt > 155, medium term. SL 117.
BIOCON - B4 giving levels 4 biocon, wud remind u of my views expressed under the link ( http://stock2gains.blogspot.com/2010/07/well-this-is-how-failure-is.html ) & check my tgt levels for shorting. All perfectly met, as planned. Unfortunate to have the Sl hit by a percent only.
Now, as stated, biocon is a buy now. Buy between 309-312 for agressives & below 308 for conservatives. Sl 298. Tgt 1 322, tgt 2 329. medium term tgts 360 +
MCDOWELLS - By the time, i am posting this, i am quite uncomfortable with the rise, mcdowells had , in last couple of weeks. + all the qualities there, what biocon had, while we decided to had a short call on biocon. So, try a luck to short MCDOWELLS ( CAUTION : all my previous short calls have been a failure ) @ 1450-1465, keep a SL of 1479. Tgt 1- 1390 , tgt 2.- 1378.
Now, views for all above 4 scrips are broader views. As soon as i see volume build up into them, i would generate my immediate buy calls. Agressive can go ahead with the above levels as & when they come.
I hope, my readers looking positive to wait for my monthly performance report card.
Happy Sailing
10 comments:
dear VVVVV & Madhu
See Low made by Vishal retail & Sl given to u
regards
hcc out of our list now. we missed to buy it by 3 rs.
mcdowells 1435. from 1455. looks all set to be 1 st medal in my short sell kitty.
mcdowells < 1425
my 1 st short selling success
biocon starts giving us opportunity to buy. agressives buy whereas conservatives wait for sub 308-306 levels.
mcdowells 1410, close to our tgt 1. Same kind of move was expected in biocon & tcs also. reasons same as referred. but our stop loss hit. we missed the bus by 1 % only. Any ways, mcdowells is also a buy candidate after a 3-4 % dip for a new 52 week high. keep following
UFFF ( a sigh of relief ). 1 st tgt achieved intraday. expecting t2 also to be achieved intraday only. give me a toast for my 1 st short sell success.
thanks
sir i entered in sterling bio yesterday at 110(futures) its result are on 7th aug any idea abt its result
our suggested entry level was 106 & v reduced our averaged bearing price by placing a sell order @ 4 % to our buying price, if not twice than at least once. to have all the luxury to place a trading SL of 105 on our trades.
Since, ur buying price is high, decision & risk, all yours.
regards
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