One of the big thing in trading is hunting opportunities,
entering at the right time in those opportunities and exiting gracefully with
profits. NBCC was one such opportunities which flashed in our scanning trading
lifecycle. In case you are not aware of trading lifecycle please see this video http://www.youtube.com/watch?v=iAExE1fbh5k for the same.
There were two great signals which pumped our confidence to buy this stock.
Some days back in this down trend this stock formed a DOJI , see the below image. This DOJI was confirmed the next day , look at the green candle after the DOJI.
As stock moved uptrend the volumes are rising which is again a sign stating that the uptrend is intact.
This was four days trade and we exited with 5 percent profit , banks give 9% for the full year ,awesome isn’t it.
There were two great signals which pumped our confidence to buy this stock.
Reason 1 :- Traders look for
opportunities and opportunities come when trend changes. So for past some days
this stock was in a continuous down trend as shown in the below charts.
Some days back in this down trend this stock formed a DOJI , see the below image. This DOJI was confirmed the next day , look at the green candle after the DOJI.
Reason 2 :- The
second compelling reasons was decreasing volumes and increase in volumes when
DOJI was confirmed. You can see in the below zoomed charts when the stock was
in a downtrend the volumes are decreasing and during DOJI formation the volumes
are comparatively higher than previous.
As stock moved uptrend the volumes are rising which is again a sign stating that the uptrend is intact.
This was four days trade and we exited with 5 percent profit , banks give 9% for the full year ,awesome isn’t it.
Below was the technical call details :-
We bought on 20th december @ 144 and sold on 23rd december @ 151.
This call is now done and close , so do not take position in
this stock for now looking at our recommendations. This whole article is
written so that you understand the importance of technical analysis.
In case you want to learn technical analysis you can start from this video on Learn trading Step by Step: - Who are Traders? And how they trade in Stock Market?"
In case you want to learn technical analysis you can start from this video on Learn trading Step by Step: - Who are Traders? And how they trade in Stock Market?"
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
No comments:
Post a Comment