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Monday, 11 February 2013

Todays Trades 11 Feb 2012

2 Winning trades and 1 losing trade.

1. Ranbaxy – This was a losing trade for me today. I sold Ranbaxy since the stock opened weak and went below days low. However Ranbaxy jumped up and was very volatile hitting my stoploss. I tend to ignore certain points – RSI was rising and MACD was also rising. However, the MA lines were falling steeply and the stock was falling on good volumes. So I decided to short.

Second point is, Pharma was very strong today. Better to trade in the direction of overall sector. I traded against the direction of the sector which was another mistake. Anyway few lessons learned in this trade with small loss !!

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2. Axis Bank – Axis Bank was extremely strong after market opening and as soon as EMAs made a positive crossover, I bought Axis Bank. Thereafter the stock made a good up move and gave handsome profits.

I alerted my readers here during market hours.

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3. Bharti Airtel – Bharti Airtel opened started moving down after opening and started consolidating below the previous days low. As I have mentioned before, previous days low is an important support and crossing that below is a good selling oint. In the case of Bharti, there were multiple negative indications – MA made a bearish crossover in 5 min chart and MACD was very negative.

So I gave the alert to my readers here. Since then Bharti crashed. Simple Technical Analysis and profits !!.

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Also I was covering Bharti Airtel for the past few days. Read here.

Bharti Airtel – 2o points from sell point

Bharti Airtel is still weak

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