Day Five Breakdown - Targets Achieved!

Well my targets for Monday's trade were achieved on Tuesday like I had mentioned in the earlier post, and what a way to achieve them! JSW Steel and BATAIndia broke past the targets and just kept ploughing through. Have a look at the charts for more clarity.

These are the stocks that I traded with on Monday and the results are astounding:

1. Sell JSW Steel, Entry: 727-730. Target: 710. Stop Loss: 737.

JSW Steel

My first analysis of JSW ended up triggering the Stop Loss but this one more than made up for the loss. JSW
Steel hit past the target and went another 25 points downwards. The market did most of the work on this though. Day low - 684!
Each lot of JSW futures contract fetched me Rs. 10000!


2. Buy BHEL, Entry: 187. Target: 195. Stop Loss: 185.

 SL triggered at 185. Nothing more to add.
Each lot of JSW futures contract cost me Rs. 2000!

3. Buy Canara Bank, Entry: 397-400. Target: 420. Stop Loss: 389.

CanBank

My trade in Canara Bank was as unfortunate as my trade in Reliance Infra on Day Three. CanBank hit a day low of 389 triggering my stop loss and then went on to hit a day high of 402.5. I should really learn to keep a small buffer when I place a stop loss otherwise things like this end up as a loss in my books. Maybe I should have just modified the SL. Anyway, Stop Loss triggered, although I expected it to happen.
Each lot of JSW futures contract cost me Rs. 4000!

4. Sell BATA, Entry: 885-890. Target: 860. Stop Loss: 899.

BATAINDIA

BATA's movement was a thing of beauty. I was fortunate enough to give in to greed and make a killing out of it this time. That is a very very rare event. I ended up not covering my profits at 860 and let the market do it's thing. BATAIndia ended up hitting a day low of 797! I was lucky to square off at 800; there aren't too many occasions when such a trade occurs.
Each lot of Bata futures contract fetched me Rs. 21250! That's a whopping amount!

The total profits on Day Five, considering I bought only one lot of each Futures contract, results to a sum of Rs. 25250! It's the most I've ever made in a single day after starting this blog. Even if I had stuck to a target of 860 on BATA I would've ended up with a profit of Rs. 10250. 

Hope to have many more great days like this.

Cheers!

Day Five Breakdown - Targets Achieved!

Well my targets for Monday's trade were achieved on Tuesday like I had mentioned in the earlier post, and what a way to achieve them! JSW Steel and BATAIndia broke past the targets and just kept ploughing through. Have a look at the charts for more clarity.

These are the stocks that I traded with on Monday and the results are astounding:

1. Sell JSW Steel, Entry: 727-730. Target: 710. Stop Loss: 737.

JSW Steel

My first analysis of JSW ended up triggering the Stop Loss but this one more than made up for the loss. JSW
Steel hit past the target and went another 25 points downwards. The market did most of the work on this though. Day low - 684!
Each lot of JSW futures contract fetched me Rs. 10000!


2. Buy BHEL, Entry: 187. Target: 195. Stop Loss: 185.

 SL triggered at 185. Nothing more to add.
Each lot of JSW futures contract cost me Rs. 2000!

3. Buy Canara Bank, Entry: 397-400. Target: 420. Stop Loss: 389.

CanBank

My trade in Canara Bank was as unfortunate as my trade in Reliance Infra on Day Three. CanBank hit a day low of 389 triggering my stop loss and then went on to hit a day high of 402.5. I should really learn to keep a small buffer when I place a stop loss otherwise things like this end up as a loss in my books. Maybe I should have just modified the SL. Anyway, Stop Loss triggered, although I expected it to happen.
Each lot of JSW futures contract cost me Rs. 4000!

4. Sell BATA, Entry: 885-890. Target: 860. Stop Loss: 899.

BATAINDIA

BATA's movement was a thing of beauty. I was fortunate enough to give in to greed and make a killing out of it this time. That is a very very rare event. I ended up not covering my profits at 860 and let the market do it's thing. BATAIndia ended up hitting a day low of 797! I was lucky to square off at 800; there aren't too many occasions when such a trade occurs.
Each lot of Bata futures contract fetched me Rs. 21250! That's a whopping amount!

The total profits on Day Five, considering I bought only one lot of each Futures contract, results to a sum of Rs. 25250! It's the most I've ever made in a single day after starting this blog. Even if I had stuck to a target of 860 on BATA I would've ended up with a profit of Rs. 10250. 

Hope to have many more great days like this.

Cheers!

Day Five review - Monday, 10th June 2013

I enjoyed watching the markets unfold today. There was a tonne of news broadcast which made the market jump up and down. It seemed like people were confused about the news and they didn't know what to make of it.

That really didn't stop these stocks to move in the right direction though. Well, maybe it stopped one of them. Let's have a look:

1. Sell JSW Steel, Entry: 727-730. Target: 710. Stop Loss: 737.

Going in the right direction. As mentioned in my earlier post , the target should be achieved during the next trading session.

2. Buy BHEL, Entry: 187. Target: 195. Stop Loss: 185.

I did see a further fall on BHEL but I just thought I'd bet on the reversal after hitting the bottom Bollinger band as well as the Stochastic over-sold line. Maybe that will happen after hitting 175. Not a big loss though since the SL got triggered at 185.

3. Buy Canara Bank, Entry: 397-400. Target: 420. Stop Loss: 389.

Holding CanBank for a revised target of 410 now. Saved from hitting the stop loss today by a whisker.

4. Sell BATA, Entry: 885-890. Target: 860. Stop Loss: 899.

On the brighter side, Bata almost hit the target of 860 today. Made a day low of 861.65. Holding for 860 tomorrow. Should be achieved first thing in the morning.

All in all, it was a fine day to trade. Only one loss incurred today and foreboding another tomorrow, but BataIndia and JSW Steel should more than make up for those losses. Let's see how things play out.

Cheers!

Day Five analysis

I've had a thought of getting my hands dirty only for two or three days of the week since that really suits the way I trade. I've actually been doing that since I started blogging so it's not much of an announcement. So from here on, I will only be providing trade calls for 2-3 days, but will be active on a daily basis on Twitter. Follow me there for other updates.

These stocks might yield the expected results in a couple of days. Most of them are retracing either from the over-bought or over-sold line, so you can expect some mixed movements during the day.

1. Sell JSW Steel, Entry: 727-730. Target: 710. Stop Loss: 737.

2. Buy BHEL, Entry: 187. Target: 195. Stop Loss: 185.

3. Buy Canara Bank, Entry: 397-400. Target: 420. Stop Loss: 389.

4. Sell BATA, Entry: 885-890. Target: 860. Stop Loss: 899.

Good Luck!

Day Three review - Monday, 3rd June 2013

You ever have one of those days where you know exactly what's going to happen and then viola, the exact same thing happens! It's one of the best feelings in the world isn't it? To see what you predicted come true is one of the best things in the world.

Lets see what happened today:

1. Buy Infosys, Entry: 2410-2420. Target: 2540+. Stop Loss: 2360. ETA: 2 weeks.

The Narayan Murthy effect took place way before the market even opened. Infy gained over a hundred points during the pre-market session itself to open at 2525! I truly underestimated the way Infy moves when some news about it breaks out. Actually anybody could have predicted this so this trade is disqualified. Especially since the entry point and ETA were way off. 

2. Sell BHEL, Entry: 201-202. Target 197.5. Stop Loss: 204.3. ETA: 1/2 days.

BHEL

This was spot on! BHEL made a day high of 201.85 and closed at 197 with a day low of 196.2!
It couldn't have gone any better. I just like to give out a safer ETA since I do get apprehensive about intraday trades. BHEL target achieved, can still hold for 194-193.



3. Buy RelianceInfra, Entry 360. Target 370. Stop Loss: 356. ETA: 3 days.

RelInfra

This was rather unfortunate. I have actually predicted the exact entry and exit points on Infra on quite a few occasions before, but never against my favor. Infra made a day low of 355.4, just .60 away from my SL, and that is very disappointing. I had half a mind to keep the SL at 355 but I settled on this. Anyway, after that Infra touched a day high of 370.4.
I can say that SL and Target were both achieved.

I will give out my analysis for Tuesday tomorrow itself. Good night folks.

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