Trade Journal on 31 5 17

31-5-17

Adani Ports sold @ 338.60 Stoploss @ 343
Trade was a mistake sold  on the basis of higher high lower low. But actually it was not confirmed pattren of higher high lower low. high-Low.At least oneNCADANIPORTS 31 5 17.jpg

Mistake - it was not a clear Higher high Lower Low Pattern
Conrrection - Correctly Identify the Higher high Lower Low Pattern

Ambuja Cement  - Bought Above Resistance or Previous High
ambuja 31 5 17.png

Stock bought above resistance that is above previous high and hit stoploss 241.80 level
Mistake - Stock was in a sideways movement but only little  upward slope. There should be clear breakout to enter in the trade especially in sideways market.
The stock price with little upward slope. More chance to break previous high but it will be failed to go upside.Because the stock is in little upward movement

BPCL Bought @742 Sold 744 No Profit No Loss
bpcl 31 5 17.png

Strategy was to but Higher High Higher Low but failed to go upside in the day. The whole market is in sideways movement

Cipla sold @ 508.70 Stoploss hit at 516
cipla 31 5 17.png

Stock was in downtrend 2 days back. And retracement little. Again at the point i short. The stock seemed to be in it’s continuation of it’s downward movement. The stock Short at previous days low. But failed to go down because the breakout was not clear

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