Recommendation - Buy at cmp
Target- 128, Time-t+4 days, Stop-102
Observe a strict stop as the call is based on momentum resulting from a breakout.
RATIONALE
RATIONALE
The stock had been consolidating in a range of 98 to 112 forming a pattern called 'Triangle'. Today's upmove to 109 with good volumes has confirmed the bullish ramifications of this pattern. This breakout has occured amidst a weak broader market lending credence to the above analysis.
Traders may buy the stock keeping a strict stop below 102 (since its only a momentum call) for a target of 128 in the coming few trading sessions.
Disclaimer : The recommendations mentioned herein are for educational purpose only. One should not take buy/sell decisions based on the above analysis which is prone to errors. The author does not undertake any liability whatsoever arising out of profits/losses accruing from using the above analysis.
Hi Misschef,
ReplyDeleteStumbled across your blog through a MMb boarder and realised that your prediction about GIC Housing was precise. You are doing a nice job here. I am primarily a mid/long term investor and generally follow fundamentals of a co. However, now I am willing to take some more risk and want to start short term trading. as per your call I have purchased Ashok Leyland @76.97 (a bit higher than your buy call since I read the reco a bit late) and Apollo tyres @83.00 I would like to submit a suggestion for your blog. Kindly keep adding updates for your calls - i.e. any amendments to your previous tgt/ closing a call/ booking profit or loss. this comes very handy to the new investors and increased reliability of your service to a great extent. You might be already knowing this but I would suggest you to visit a blog called tracktradeinvest.worldpress.com. i hope you don't mind me suggesting these things. Thank you.
Hi Ankur,
ReplyDeleteFirst of all thanks a lot for your valuable suggestion. I do understand that tracking of recommendations would come in very handy to the regular visitors of my blog. I am currently working on it and promise to come up with something concrete to address the issue.
My first step is - SMS alerts for the regular patrons of my blog - whenever there is a new posting, an alert will be sent to the mobile. I expect to roll out this feature in next fortnight or so.
I would also like to share another fact with you - I am not a professional blogger - this is just a hobby. I am working as a portfolio manager managing the treasury operations of a company - so i hardly get much spare time.
Hope you would bear with me until I am able to implement the changes suggested by you.
Best of luck for your trading,
Trade With Waves
Thanks a tone for such a positive reply. Keep up the good show!!
ReplyDeletecongratulation!
ReplyDeletetgts achieved and beyond!
may i request you to guide ppl as what to do now. because generally, those like me who buy based on somebody elses recommendation get confused once tgts are achieved and crossed. whether one should close the call and book the profit or should continue to hold. I know greed should be avoided but a buy reco if followed by sell reco, its great
P.S. - I have no positions in Amar Remedies; unfortunately!!
Hey Ankur,
ReplyDeleteSeems like a long time that you dint comment .. lol..
AMAR really has done wonders - I just sold 25% of my holdings (of the fund that i manage) - but still very bullish for the long term...... eyeing 300 atleast !!
keeping fingers crossed...