Thursday, August 6, 2009

Update on Dragonfly Doji in Relcap - 6th Aug 09

Previous post on this trade
Relcap Intraday Chart - 5 mins:

Relcap is moving in sideways from past 3 days, after touching the support line. It broke the pivot highs on intraday basics but later it broke the support line as shown in the charts. Which is not good indication I exited my last 25% of my holdings at 890 levels.

Relcap Chart - Daily:

From 20th July onwards it is consolidating in sideways in daily charts, though it retested the support and the pivot highs, it is moving with reduced momentum. Will go short if the support zone is broken decisively with confirming volumes for intraday or else go for another stock.

Entry at 775 booked 50% at Rs.865
next 25% at 870
Last 25% at 892

on the average sold at 873 which is coming around 12.5% profits

2 comments:

Unknown on August 6, 2009 at 11:40 PM said...

HELLO DOJI

YOU REALLY A GOOD AND GREAT ANALYST
NOW I AM IN LOVE WITH CHARTS...!!! :)

THANKS YOU DOJI,
BECZ ONLY AFTER HAVING LOOK @ YOUR SITE
I BECOME MORE & MORE CONFIDENT DAY BY DAY

Request: Doji,
Whenever you get time, Please have a look @ my Blog
I am a NewBie and please tell me if anywhere i mistaken...!!!

Regards,
http://intermarketanalyzer.blogspot.com/

Doji (Blog Author) on August 7, 2009 at 2:18 AM said...

Good luck with your blog. As I said earlier, be yourself.

Doji

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