When a position is getting ready to stop you out at a loss, do you find yourself bargaining with the name? Do you find your frustration level rising? Do you justify the reason for the move against you, and give it a little more room, only to get stopped out at a bigger loss? Or even worse, perhaps you now find yourself sitting on a double-digit loss, and are frozen with what to do with this now sinking ship? And perhaps the biggest fear for a trader is closing out a position only to see it run back in their favor moments later. Trust me when I say that every trader, seasoned or not, has these moments when stop levels are hit and they hesitate with pulling the trigger.
Bata
Bata has formed an Inverse Head and Should pattern and neckline placed at 890.
Buy above 890 Tgt 898,907 and 918
Reliance Infra
Rel Infra has taken support at 444 as we discussed few days before. Yesterday it formed an Inside Day candlestick and took support at downward facing trendline.
Buy above 458 Tgt 464.5,467 and 472
Reliance Capital
Reliance Capital has formed Pennant triangle formation with Inside Day candlestick. On Daily time fram stock is forming Higher lows
Buy above 383 Tgt 386.5,388 and 392