Trading Concepts:GTL Limited,GTL Infra,RIL and TATA Motors

By | June 20, 2011

This Post is for knowledge purpose.

GTL Infra

Never take a trade based on oversold/overbought indicators. GTL Infra  has been oversold  on Daily charts but on oversold chart can go it more oversold levels. Till the pain is not over.

It all depends on Demand and Supply so learn it a lesson never belive on indicators in a Trending market.

Trade with trend.

 

GTL limited

 

Never catch a falling Knife. Trading requires lots of patience both while deploying your money and booking your profits.

So never be in a hurry to buy a Stock else people who had bought GTL Ltd on Friday must be having a hard time now.

Always trade with Levels/Trading System and Market is always  Supreme.

Levels to watch tmrw

Sell below 124 TGt 115,110 and 100

Buy above 128 Tgt 135,142 and 153 SL 124

 

RELIANCE

RIL has been trading in a range from past 2 years from 882-1050. This is a classical example of Breakout trades for making some quick money.

As soon as 882 Broke RIL just moved down rapidly till 850 levels give some quick money in such a small time frame.

Wait for Opportunity to come and capitalize on it.

TATA Motors

TATA Motors was in a dream bull run from from 150 odd to rs 1400 levels. Every dip was bought as it never broke its 200 DMA in that run.

Trader should change it colors and trading patten as soon as charts changes the pattern

See the effect of 200 DMA on tat motors now the theme is to SELL ON RALLIES not BUY ON DIPS.

10 thoughts on “Trading Concepts:GTL Limited,GTL Infra,RIL and TATA Motors

  1. Bramesh Post author

    GTL is facing Debt crises and till the situation is not resolved stock price will remain under pressure.

    Rgds,
    Bramesh

  2. Bramesh Post author

    Thanks Aviji.
    Hope you made good money 😀

    Rgds,
    Bramesh

  3. Avinash

    GTL hits all 3 sell targets and more….Thanks a ton brameshji.

  4. Avinash

    Brameshji … both the buy and sell call has achieved the resp first targets… thanks a lot for sharing your invaluable knowledge among us!
    😀

  5. Bramesh Post author

    Thanks Sirji.

    Please let me know any improvement required.

    Rgds,
    Bramesh

  6. SAI

    VAAH. GIVEN SO MANY POINTS TO LEARN. I WAS ABT TO ASK GTL BUT U GAVE ALREADY. THANKS FOR THE VALUABLE POINTS MENTIONED ABOVE.

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