TATA CHEMICALS LTDZaktualizowano Tata Chemicals: An Opportunity or a Trap?
I was watching and had an opportunity to enter @1225 yet held myself back for entering this beautiful ATH Breakout. The reasons being:
1. Stock is news driven. Group of TATA Stocks are riding wild and am expecting a sharp profit booking in the same.
2. Stock has already given over 35% returns in a single week. How much more can one expect it to go?
3. Stock may look giving an ATH but was still sceptical in entering as it was still range bounded within the trendline showed above.
I did not took this trade despite watching minutely the momentum. Was this a missed opportunity for me? Should I enter once it breaks above the New ATH or retests and bounces back? Nonetheless will observe how this moves.
Disclaimer: Not an investment advice, just my personal trade diary. Views and contrarian ideas are always welcome as it helps us all grow together.
1. Stock is news driven. Group of TATA Stocks are riding wild and am expecting a sharp profit booking in the same.
2. Stock has already given over 35% returns in a single week. How much more can one expect it to go?
3. Stock may look giving an ATH but was still sceptical in entering as it was still range bounded within the trendline showed above.
I did not took this trade despite watching minutely the momentum. Was this a missed opportunity for me? Should I enter once it breaks above the New ATH or retests and bounces back? Nonetheless will observe how this moves.
Disclaimer: Not an investment advice, just my personal trade diary. Views and contrarian ideas are always welcome as it helps us all grow together.
Uwaga
Down more than 10% in opening. Profit booking by institutions. Retested its previous ATH. Will watch and learn.Uwaga
Down 5% again today. Indeed was a trap for retailers. Will now observe if the price bounces back or continues to fall towards the trendline.
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