This Post is for knowledge purpose.
GTL Infra
Never take a trade based on oversold/overbought indicators. GTL Infra has been oversold on Daily charts but on oversold chart can go it more oversold levels. Till the pain is not over.
It all depends on Demand and Supply so learn it a lesson never belive on indicators in a Trending market.
Trade with trend.
GTL limited
Never catch a falling Knife. Trading requires lots of patience both while deploying your money and booking your profits.
So never be in a hurry to buy a Stock else people who had bought GTL Ltd on Friday must be having a hard time now.
Always trade with Levels/Trading System and Market is always Supreme.
Levels to watch tmrw
Sell below 124 TGt 115,110 and 100
Buy above 128 Tgt 135,142 and 153 SL 124
RELIANCE
RIL has been trading in a range from past 2 years from 882-1050. This is a classical example of Breakout trades for making some quick money.
As soon as 882 Broke RIL just moved down rapidly till 850 levels give some quick money in such a small time frame.
Wait for Opportunity to come and capitalize on it.
TATA Motors
TATA Motors was in a dream bull run from from 150 odd to rs 1400 levels. Every dip was bought as it never broke its 200 DMA in that run.
Trader should change it colors and trading patten as soon as charts changes the pattern
See the effect of 200 DMA on tat motors now the theme is to SELL ON RALLIES not BUY ON DIPS.
thank you bramesh 🙂
My pleasure
Rgds
Any Hope on GTL ?? 🙁 will it recover?
GTL is facing Debt crises and till the situation is not resolved stock price will remain under pressure.
Rgds,
Bramesh
GTL hits all 3 sell targets and more….Thanks a ton brameshji.
Thanks Aviji.
Hope you made good money 😀
Rgds,
Bramesh
Brameshji … both the buy and sell call has achieved the resp first targets… thanks a lot for sharing your invaluable knowledge among us!
😀
Thanks Aviji
Rgds,
Bramesh
VAAH. GIVEN SO MANY POINTS TO LEARN. I WAS ABT TO ASK GTL BUT U GAVE ALREADY. THANKS FOR THE VALUABLE POINTS MENTIONED ABOVE.
Thanks Sirji.
Please let me know any improvement required.
Rgds,
Bramesh