For Emergency BLOOD requirement in any city in India, SMS to 5676775
"Blood < s p a c e > PIN code of your city < s p a c e > required blood group < s p a c e > your name"

Wednesday, 3 October 2007

Reliance Capital intraday move on October 1, 2007

Reliance Capital (bse-500111) gave a very good intra day trading strategy on Monday. A very flat movement started in the morning after a little rise to form a channel with price held between 1640 and 1651. The hour long wait gave a good breakout with one small pullback into the channel ......false breakout and after that again a few minutes later the final breakout which lasted for 200 rupees. We took the trade at 1656. We did come out too early with 50 points only but had someone held on, 200 was in the pocket ..... Please note that the initial target of the channel breakout was only and repeat only 11 points.
We all should look out for such strategies ... no chart reading required ..... plain simple formations ....flat going charts for a long time give better breakouts.

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Miscellaneous Articles - Live Data - Charts - R E G U L A R - A R T I C L E S - Some Blogs - BSE Links - NSE Equity Links - NSE FnO Links - NSE Links - SEBI Links - Websites/Web-Links - Business Papers - Mutual Funds - Forums for Interaction
Disclaimer : Recommendations or suggestions given here are totally free. Care has been taken to give correct advice / information / recommendations / suggestions /tips. We take no guarantee that the mentioned analysis will work to your benefit. Since we are involved in the market, we take pleasure in giving the best for the benifit of all. We have interest in the market and may or may not have positions in some or all of the stocks that are mentioned. We do not have any clients as such. These views are purely personal. We do not take any responsibility in any profits or losses that any one incurs as a result of these views / suggestions / recommendations / advice / tip /etc. Please do your own due diligence before initiating any trades as a result of this information.

Followers