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Kapil

Thanks
KomaL

Pls do let me know your thoughts on my other post too (pls refer below), whenever convenient….

"//Thanks Saint…yes, that is exactly what I was looking at in RIL - but you're right, by now everybody's looking at the same thing.

Just for knowledge - lets say if we miss the initial entry in RIL and then see the inverted H&S pattern and the Pivot strategy, should we go for it or should we consider it as a missed opportunity and stay away? This is something which happens to me often - I look at a chart and, say for example, a pivot high is being taken out or there is a breakout from a major pattern - and then I look at all the entry points that I could've taken before, and it sometimes leads to my not being able to pull the trigger on that trade - many times to my regret.

Would really appreciate your thoughts on this issue and how to deal with it…..//"

Mihir.

Completed trade:RIL 1934,out 1890,
PUNJ 227.5,out 229

sir I did not understand why the concern on Tisco…pls do explain whenever you get some time.

Mihir.

Mihir,have a look at Sterlite and Tata Steel…..they both put up impressive moves up and then came this pullback.Notice the degree of correction though………roughly abt 35% in Sterlite,nearly 50% in Tata Steel…..and therefore the concern.

If we did not have yesterday's move down in the markets,Sterlite continues to show the strength to go to new highs.Tata Steel on the other hand needs a rest before jumping higher.

It is like when you are trying to jump as high as you possibly can………If the kness are not flexed enough,you don't have the power to jump high.If the kness are overflexed,again you will not have the ability to reach as high as the person who flexes it just enough.

We are comparing 2 case scenarios here as to why one looks juicier than the other……why the other necessarily needs a period of rest before breaking new highs.At the end of the day,whatever the scenario,we are going to go with the Flow……..so all of the above are just some extra observations that come in handy for the Ambush Traders and Longer Term Traders.

Saint

Saint

Entered RELCAP long at 909

What an Entry Sirji……:)

Mihir.

Just for knowledge - lets say if we miss the initial entry in RIL and then see the inverted H&S pattern and the Pivot strategy, should we go for it or should we consider it as a missed opportunity and stay away? This is something which happens to me often - I look at a chart and, say for example, a pivot high is being taken out or there is a breakout from a major pattern - and then I look at all the entry points that I could've taken before, and it sometimes leads to my not being able to pull the trigger on that trade - many times to my regret.

Would really appreciate your thoughts on this issue and how to deal with it…..

Mihir.

Classical Inv H&S and Pivot Strategy(Major),you are right,and that is how the crowd is looking at things……The strategy is to get in before the crowd realises things are getting bullish,and to exit before the crowd realises that the move is over.

Saint

Tata Steel has taken out its previous PH of 474.80 today….sir I did not understand why the concern on Tisco…pls do explain whenever you get some time.

Mihir.

Holding all

Saint

And sweet,sweet ABAN……up 8% so far.

Saint