Friends, I want to initiate trade today. I will sell some of my stocks that I hold and going to buy some stock to add in my portfolio. Let us discuss why I decide to sale these stock and what is the reason behind it. Yesterday, I notice that SUNTV, a stock on my portfolio forms bearish butterfly that indicates to sale. I gain 10.90% from this stock. I buy this stock in Rs.402 (including tax) and now it rules at Rs.447.It made Rs. 457 high on Friday (Dt.15/03/2013). This position is a strong reversal position. I got the possible down trend targets are 320, 280 or even 200 in near future.
Let us see the chart ...SUNTV
So you might think that what I add to my portfolio?
Look to the chart of KPIT ...
Yes, I want to add KPIT in my portfolio. Is today is right time to BUY? I say No. Why? Look the chart here ...
The stock when touch 100, there is a possible DOWN TREND. Then, where is the SUPPORT TO BUY? It is at 70. So a question arise Why? Look in to the chart here ...
I want to wait and BUY the stock around 70 with a Target of 132 - 144 with a STOP 65.
What you think ... Analyse it !!!!
Bye friends.
Let us see the chart ...SUNTV
So you might think that what I add to my portfolio?
Look to the chart of KPIT ...
Yes, I want to add KPIT in my portfolio. Is today is right time to BUY? I say No. Why? Look the chart here ...
The stock when touch 100, there is a possible DOWN TREND. Then, where is the SUPPORT TO BUY? It is at 70. So a question arise Why? Look in to the chart here ...
I want to wait and BUY the stock around 70 with a Target of 132 - 144 with a STOP 65.
What you think ... Analyse it !!!!
Bye friends.
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