BANDHANBANK - Long (For a med term investment )
Can we expect a reversal?
I am slowly building up my position for a long trade - overall planning to buy some 1500-2000 Eq Share for long to med-term
Presently I am putting on 25% of the expected allocation, with a maximum expected loss of only 1500-2000 Rs. Note I am not buying futures, I am doing with Eq shares only - so that I can slowly build the position.
Will see, nothing specific - just a good pattern and entry with a small SL.. :)
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a med to long term investment only, its not a positional or an intraday trade, as I used to do normally
I am slowly building up my position for a long trade - overall planning to buy some 1500-2000 Eq Share for long to med-term
Presently I am putting on 25% of the expected allocation, with a maximum expected loss of only 1500-2000 Rs. Note I am not buying futures, I am doing with Eq shares only - so that I can slowly build the position.
Will see, nothing specific - just a good pattern and entry with a small SL.. :)
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a med to long term investment only, its not a positional or an intraday trade, as I used to do normally
Note
Basis candle close (Green/ closing well above bottom trendline) I will add few more make it about 50% of my expected alloacation to bandhanbk.If it is not giving a good close, I wont be adding more, will wait for confirmations
Note
Added some more making it a total of 50% of my expected allocation to bandhanbank. Max epected loss: 6000-7000
Note
Not exited yet, if crossing today's low - then only i will exit - since 1 hr candle also did not close below 330.Note
Showing signs of rejections meaning a breakdown.I will hold till EOD, if rejecting to enter the channel I will sq off part of my holdings.
Note
Today 1 hr candle gave a good closing above the lower trendline- so I am still holding.Note
Played too many times on the bottom, but finally near tgt.Will be exiting 50% of my holdings.:).
From 337 to 360.
And I will update SL for my remaining quantities to arnd 345-350 levels.
Trade fermée: cible de profit atteinte
Tgt: 363(I am holding another 50% with a revised SL, because a breakout to the upside can be expected, accordinly I will exit my holdings)
No more updates will be provided on this trade anymore as the said target is reached.
Hope all those who have entered as I wrote would have got more than 7% returns on this trade.
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