After 3 day weekend, Market was in very good mood thanks to global cues.
Today, 1 trade was short and 2 long.
Starting with MARUTI stock.
I short this stock and I could have earn almost 100+ points on this stock only if I had patience to hold it for more time than I had allotted. It feels bad when you choose the right stock but not at the right time. :(
Second, Larsen and turbo buy call
Looking at 1-day, 5-day and 1-month chart, this stock was showing upside move and since advance and decline ratio was 5:1 it was easy trade to lock in. In this stock I kept changing my stoploss and profit margin after it made an pattern of going down by 2 points and staying there and then up by 5 points from 1530- 1535, 1537-1542 and 1547-1552.
Finally it made an high of 1554 and I thought it will test 1557 and then book my profit and kept holding it till the end at 15:15 and end up squaring off at 1551.
Third, ICICI Bank buy call
I did this trade to just cover up all my brokerage and taxes since I pay 0.10 for buy and sell with additional charges and taxes. so this was a quick trade of 10 mins. in and out :)
Overall it was decent day, just need to be more patience and keep going through charts.
I'm learning with every trade, my source is youtube lectures and stock-market websites like
MoneyControl and NSEIndia
Today, 1 trade was short and 2 long.
Starting with MARUTI stock.
I short this stock and I could have earn almost 100+ points on this stock only if I had patience to hold it for more time than I had allotted. It feels bad when you choose the right stock but not at the right time. :(
Second, Larsen and turbo buy call
Looking at 1-day, 5-day and 1-month chart, this stock was showing upside move and since advance and decline ratio was 5:1 it was easy trade to lock in. In this stock I kept changing my stoploss and profit margin after it made an pattern of going down by 2 points and staying there and then up by 5 points from 1530- 1535, 1537-1542 and 1547-1552.
Finally it made an high of 1554 and I thought it will test 1557 and then book my profit and kept holding it till the end at 15:15 and end up squaring off at 1551.
Third, ICICI Bank buy call
I did this trade to just cover up all my brokerage and taxes since I pay 0.10 for buy and sell with additional charges and taxes. so this was a quick trade of 10 mins. in and out :)
Overall it was decent day, just need to be more patience and keep going through charts.
I'm learning with every trade, my source is youtube lectures and stock-market websites like
MoneyControl and NSEIndia
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