Friday, May 10, 2013

0006HDIL10May2013 – 15mins of bloodbath and 15mins of glory


A very interesting day and a super lucky trade for me. I had bought double the shares by accident and have already enjoyed the fruits of my mistake.
See how the biggies tried to pull the stock down one last time till it went up to the first target of 57-60. The whole of morning the stock was travelling sideways and then there was a touchdown to 54.5 where loads of traders' stoploss got hit. Soon after the scrip went to the expected resistance of 57. A good analysis always helps put conviction to your ideas, even though I was shitting bricks during the spike down. ;-)

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