Update 28 Jan 09:30 AM.
UBS upgrades Maruti to Buy. Stock up 2%. Buy only on a dip during the day.
CESC - Bought at 335
Lupin - Bought at 603
All
I have shortlisted 2 longs for the following week starting 27 Jan 2013. I will wait for market opening on Monday and see the charts during the day and make an entry. Will give you an update when the position is entered and closed.
For Swing trades, my stop loss is 4% or charts giving negative signal whichever is earlier. I observe this strictly, so profits are not exorbitant. But overall if I do 10-15 trades in a month , I will be in positive with at least 5-6% returns.
Always follow dual time frame strategy when entering a trade. That is if you are trading positional / swing, look at daily and weekly charts and enter only if both are in the same direction. So I post both weekly and daily charts.
For this week, due to the RBI policy announcements, there could be huge volatality. So I am not touching any banking stocks. It is risky to enter all the swing trades before Wednesday.
1. Long - Maruti Suzuki. (Good news + charts giving good signals). Please review the charts below.
Maruti - Weekly Chart Observations.
1. Maruti is in weekly uptrend indicated by rising stock prices and EMA2. Good crossovers of 20 over 50EMA and 50 over 200 in the recent weeks
3. RSI is above 70 and pointing up.
4. MACD is positive above signal line.
5. Weekly volume steadily increasing.

1 comments:
Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
ABC INDIA LTD
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