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Showing posts with the label Indusind

Time for market to breathe

Plan for December 18, 2019 The market played out as per plan. We will now move trailing stop loss near and let the market give some time to breathe. We will avoid trade, in the consolidating market and enter long if it closes below 5 SMA (5 Day simple moving average). For time being have some shorts to match your longs. You should sell a few stocks where the chart looks weak up 50-70% value of longs. The plan is minimum action so too avoid slaughter if the market gets choppy. Honor the trail stop loss and wait for the pullback to reenter. So I don't have much to say. Nifty trail the stop loss to 12,130. Banknifty trail the stop loss to 32,100. Enter long in both index if close below 5 SMA, at day end. HDFC ltd showing the first sign of fatigue. Good time to book profit at open tomorrow. Reliance buy with the stop loss of 1,560. News based sell in Tata Steel with the stop loss of 450. Volatility breakout trade ( Inspired by Linda Raschke ), here you buy or sell the bre...