Sunday, February 16, 2014

Trade ideas we discussed

Hi Friends,
                    Lets see how the Trade ideas we discussed have done this week.
1)ONGC ,The trade idea was ONGC long for a target of 283 .
     Stock did 283 and retraced back.

2)Ultratech, The trade idea was ULTRATECH Short ,The trade was active
    below 1700 and it has already done 1650 ,Continue to hold this short for
    1600 with trail stoploss at short price.

3)Dr Reddy,The trade idea was Dr Reddy Long,The stock was expected to
   touch 2700 ,It exactly touched 2700 and reversed from there.

So over all all stocks moved in expected direction ,Apart from this ,I had
given two commodity trade ideas on Gold and Silver.
Both were expected to breakout towards upside ,They brokeout and ran up.
Gold long and Silver long. Gold took less time to run up but silver took
some time to find its way upward.


Post a Comment