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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » EGO and EXPO

EGO and EXPO

Go down  Message [Page 2 of 1]

21EGO and EXPO - Page 2 Empty Re: EGO and EXPO Wed Nov 11, 2020 6:58 pm

MaJa


Manager - Equity Analytics
Manager - Equity Analytics
@ Mithooshan
I tend to agree with you, but better if we can follow the patterns rather exiting after the initial surge. Certain counters jump 10-15% for 2-3 times before taking a dip.
Best is to follow the technical patterns and individual judgement combined.

Mithooshan likes this post

22EGO and EXPO - Page 2 Empty Re: EGO and EXPO Wed Nov 11, 2020 7:02 pm

dayandacool


Moderator
Moderator
@RJ1010 wrote:
@Mithooshan wrote:Dear friends,

There  is one thing i learnt from experience today which i want to share with you.

Any share irrespective of Expo, Dipped, Tkyo or Haycarb learn to realize your profits if it goes up 15% to 20% within a day or two. If you check the history they always come down for a correction upon reaching a high price. Let it settle and re-enter at the right time.

Next time, I will exit Expo or any other share when it gives me a descent gain as a principle and re-enter upon a correction. I don’t mind if that principle back fires once in while because more of than not it won’t.

It is not easy earning money and it is even more difficult to maintain it. Hence, adopting strategies is key for stable growth.

This does not apply to long term investors who hold shares for longer time who doesn’t mind these fluctuations.

I would exit Expo after it breaks Rs.30 resistance and reconsider joining at the right time if and when it comes. Because for me, for me money doesn’t come easy.

This message was posted to share my learning and not to suggest this is the best way of doing things. I don’t want to see my friends loose their money where there is an opportunity to book profits and possibly buy low to have another edge.

Good Luck ! 🍀

Yea it’s a good strategy and was posted by Mr. Asoke Samarakoon very recently as well. My broker also reminds me to book profit when gains exceed 15% and re-enter if required at a lower price point.

Just to add, always do a little technical analysis too before you realize profits. If anyone checked the RI of DIPD and EXPO on Monday just after they release the QR, most of prudent traders would have exited. Even a simple candle stick showing weakness on the Bull is enough for you to Book profit and exit. There is always an entry later. But you don't strike Gold all the time. So a little analysis will help you not to quit prematurely. Very Happy Very Happy Very Happy

shan31, Mithooshan and nish84 like this post

23EGO and EXPO - Page 2 Empty Re: EGO and EXPO Wed Nov 11, 2020 7:08 pm

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@RJ1010, @MaJa and @dayandacool - Thank you. Honestly valuable insights for me to keep in mind moving forward

I always follow technical indicators to enter and i have made good entry points. I always feel worried at the exit point even though i know it is time and have a tendency to not to check technical indicators. Moving forward i will be more careful not to repeat the same mistakes because money doesn’t come into pockets everyday.

Sometimes a move which is not made also costs money.

Really appreciate the constructive views posted by all the gentlemen.

shan31 and dayandacool like this post

24EGO and EXPO - Page 2 Empty Re: EGO and EXPO Wed Nov 11, 2020 7:25 pm

MaJa


Manager - Equity Analytics
Manager - Equity Analytics
@dayandacool wrote:
@RJ1010 wrote:
@Mithooshan wrote:Dear friends,

There  is one thing i learnt from experience today which i want to share with you.

Any share irrespective of Expo, Dipped, Tkyo or Haycarb learn to realize your profits if it goes up 15% to 20% within a day or two. If you check the history they always come down for a correction upon reaching a high price. Let it settle and re-enter at the right time.

Next time, I will exit Expo or any other share when it gives me a descent gain as a principle and re-enter upon a correction. I don’t mind if that principle back fires once in while because more of than not it won’t.

It is not easy earning money and it is even more difficult to maintain it. Hence, adopting strategies is key for stable growth.

This does not apply to long term investors who hold shares for longer time who doesn’t mind these fluctuations.

I would exit Expo after it breaks Rs.30 resistance and reconsider joining at the right time if and when it comes. Because for me, for me money doesn’t come easy.

This message was posted to share my learning and not to suggest this is the best way of doing things. I don’t want to see my friends loose their money where there is an opportunity to book profits and possibly buy low to have another edge.

Good Luck ! 🍀

Yea it’s a good strategy and was posted by Mr. Asoke Samarakoon very recently as well. My broker also reminds me to book profit when gains exceed 15% and re-enter if required at a lower price point.

Just to add, always do a little technical analysis too before you realize profits. If anyone checked the RI of DIPD and EXPO on Monday just after they release the QR, most of prudent traders would have exited. Even a simple candle stick showing weakness on the Bull is enough for you to Book profit and exit. There is always an entry later. But you don't strike Gold all the time. So a little analysis will help you not to quit prematurely. Very Happy Very Happy Very Happy

I fully agree with you. Just mentioned the same in my post above.
EXPO didnot follow the exact technicals during it s run up to 26 though. 😉

25EGO and EXPO - Page 2 Empty Re: EGO and EXPO Wed Nov 11, 2020 7:46 pm

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I also absolutely fundamentals and technical oriented earlier. But rather than value of physical assets or net asset figures there are valuable demands or appreciations from the people . There are many companies which are having highest net asset figures but theirs prices are lagging at same value for years. GLASS, and Expo valuation from the customers are well above their accounting values. Peoples knows that. Those two stock give us life time learning.
As per today news SL will not be received any vaccine even mid of 2021.So socio economic atmosphere will be unpresidented one here.

dayandacool and judecroos like this post

26EGO and EXPO - Page 2 Empty Re: EGO and EXPO Wed Nov 11, 2020 9:25 pm

dayandacool

dayandacool
Moderator
Moderator
@Vishwanarth wrote:I also absolutely fundamentals and technical oriented earlier. But rather than value of physical assets or net asset figures there are valuable demands or appreciations from the people . There are many companies which are having highest net asset figures but theirs prices are lagging at same value  for years. GLASS, and Expo valuation from the customers are well above their accounting values. Peoples knows that. Those two stock give us life time learning.
As per today news SL will not be received any vaccine even mid of 2021.So socio economic atmosphere will be unpresidented one here.

What you say could be true for Fundamental analysis. But technicals, most of the time they work. If you check properly, It has worked really well with the shares that you have mentioned. Nothing can be hidden from a chart. Thorough technical analysis on several angles will give you a proper edge over other traders. Smile

27EGO and EXPO - Page 2 Empty Re: EGO and EXPO Wed Nov 11, 2020 9:42 pm

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
This cannot be applied to all; better strategy would be 10-20% (similarly day trade) and exit and re-entry. Over 50% must be long term.

28EGO and EXPO - Page 2 Empty Re: EGO and EXPO Wed Nov 11, 2020 9:49 pm

dayandacool

dayandacool
Moderator
Moderator
@MaJa wrote:
@dayandacool wrote:
@RJ1010 wrote:
@Mithooshan wrote:Dear friends,

There  is one thing i learnt from experience today which i want to share with you.

Any share irrespective of Expo, Dipped, Tkyo or Haycarb learn to realize your profits if it goes up 15% to 20% within a day or two. If you check the history they always come down for a correction upon reaching a high price. Let it settle and re-enter at the right time.

Next time, I will exit Expo or any other share when it gives me a descent gain as a principle and re-enter upon a correction. I don’t mind if that principle back fires once in while because more of than not it won’t.

It is not easy earning money and it is even more difficult to maintain it. Hence, adopting strategies is key for stable growth.

This does not apply to long term investors who hold shares for longer time who doesn’t mind these fluctuations.

I would exit Expo after it breaks Rs.30 resistance and reconsider joining at the right time if and when it comes. Because for me, for me money doesn’t come easy.

This message was posted to share my learning and not to suggest this is the best way of doing things. I don’t want to see my friends loose their money where there is an opportunity to book profits and possibly buy low to have another edge.

Good Luck ! 🍀

Yea it’s a good strategy and was posted by Mr. Asoke Samarakoon very recently as well. My broker also reminds me to book profit when gains exceed 15% and re-enter if required at a lower price point.

Just to add, always do a little technical analysis too before you realize profits. If anyone checked the RI of DIPD and EXPO on Monday just after they release the QR, most of prudent traders would have exited. Even a simple candle stick showing weakness on the Bull is enough for you to Book profit and exit. There is always an entry later. But you don't strike Gold all the time. So a little analysis will help you not to quit prematurely. Very Happy Very Happy Very Happy

I fully agree with you. Just mentioned the same in my post above.
EXPO didnot follow the exact technicals during it s run up to 26 though. 😉

If you checked the MACD of EXPO, It has given a Buy signal from 5 rs on wards and maintained it throughout till 23rd October until it rose to 18.5 rs. Again the buy appeared on 3rd November at 19.5 rs. Prudent trader would have sold as soon as the daily candle became a bearish engulfing at 27.3 rs. It is still giving a Bullish signal in MACD therefore all the buying back can be justified as long as candles remain bullish. :|Ideally, I would enter again only when I see a bullish candle on the daily Smile

EGO and EXPO - Page 2 Expooo10

heroxhere likes this post

29EGO and EXPO - Page 2 Empty Re: EGO and EXPO Wed Nov 11, 2020 10:06 pm

Hope123


Manager - Equity Analytics
Manager - Equity Analytics
@dayandacool wrote:
@MaJa wrote:
@dayandacool wrote:
@RJ1010 wrote:
@Mithooshan wrote:Dear friends,

There  is one thing i learnt from experience today which i want to share with you.

Any share irrespective of Expo, Dipped, Tkyo or Haycarb learn to realize your profits if it goes up 15% to 20% within a day or two. If you check the history they always come down for a correction upon reaching a high price. Let it settle and re-enter at the right time.

Next time, I will exit Expo or any other share when it gives me a descent gain as a principle and re-enter upon a correction. I don’t mind if that principle back fires once in while because more of than not it won’t.

It is not easy earning money and it is even more difficult to maintain it. Hence, adopting strategies is key for stable growth.

This does not apply to long term investors who hold shares for longer time who doesn’t mind these fluctuations.

I would exit Expo after it breaks Rs.30 resistance and reconsider joining at the right time if and when it comes. Because for me, for me money doesn’t come easy.

This message was posted to share my learning and not to suggest this is the best way of doing things. I don’t want to see my friends loose their money where there is an opportunity to book profits and possibly buy low to have another edge.

Good Luck ! 🍀

Yea it’s a good strategy and was posted by Mr. Asoke Samarakoon very recently as well. My broker also reminds me to book profit when gains exceed 15% and re-enter if required at a lower price point.

Just to add, always do a little technical analysis too before you realize profits. If anyone checked the RI of DIPD and EXPO on Monday just after they release the QR, most of prudent traders would have exited. Even a simple candle stick showing weakness on the Bull is enough for you to Book profit and exit. There is always an entry later. But you don't strike Gold all the time. So a little analysis will help you not to quit prematurely. Very Happy Very Happy Very Happy

I fully agree with you. Just mentioned the same in my post above.
EXPO didnot follow the exact technicals during it s run up to 26 though. 😉

If you checked the MACD of EXPO, It has given a Buy signal from 5 rs on wards and maintained it throughout till 23rd October until it rose to 18.5 rs. Again the buy appeared on 3rd November at 19.5 rs. Prudent trader would have sold as soon as the daily candle became a bearish engulfing at 27.3 rs. It is still giving a Bullish signal in MACD therefore all the buying back can be justified as long as candles remain bullish. :|Ideally, I would enter again only when I see a bullish candle on the daily Smile

EGO and EXPO - Page 2 Expooo10

Not only the MACD, even he ATR gives bullish signals. Further the expanded GAP-UP appears on day before yesterday completely being filed with todays volumes and it seems we could expect sort of an uptrend.

shan31, dayandacool and Mithooshan like this post

30EGO and EXPO - Page 2 Empty Re: EGO and EXPO Wed Nov 11, 2020 10:14 pm

MaJa


Manager - Equity Analytics
Manager - Equity Analytics
Thank you for the explanation @ dayandacool

dayandacool likes this post

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