On Wednesday 15th January 2014 we
did a short-term trade and bought HINDALCO @ 111.25 and booked profit @ 115.30
on Wednesday 22nd January 2014. Read the following reasons to buy this
stock.
Reason 1: - It was supporting the trendline. Below is the image for
the same.
Reason 2: - From past some days this stock was in a continuous
downtrend as shown in the below chart. So as soon it changed the
trend it became an opportunity to ride on this trade.
Reason 3:
- Decreasing volumes and increase in volumes .You
can see in the below zoomed charts when the stock was in a downtrend the
volumes are decreasing and when stock was in uptrend volumes are comparatively
higher than previous one.
It was six days trade and we
exited with 3.64 percent of profit.
Below are the execution details of
the script: -
We bought it on 15th
January 2014 @ 111.25 and sold on 22nd January
2014 @ 115.30
We do not believe in giving calls to any one, we
trade with our own money. But we would like to share knowledge what we have learnt.
So if you are interested do buy
our course learn trading step by step. You can see a sample video of the same
from here.
Please read our disclaimers before
investing http://tradingkamai.blogspot.in/p/disclaimer.html
No comments:
Post a Comment