This trade is by far the best trade I remember. Its gives me a immense satisfaction because of the conviction with which I took the trade.
The trade took in 2 parts.
Sun Pharma bought on 2 March 2015 @ 913.15
with in 3-4 days it zoomed up & went sideways for 7-8 days.
profit 14 % approx in 15 days.
Sold on 18 March @ 1045.35 as it was ranged bound hence cut my profitable position as i was going on vacation in Shimla-kullu-Manali (Himachal Pradesh) for 7-8 days.
While on vacation I was monitoring Sun Pharma’s moment.
There was a good support @ 1000 & was trading in a range between 1000 – 1055/1060
with no charts with me I went ahead & took 2nd trade.
Sun Pharma bought on 27 March 2015 @ 1008.10
with in 3-4 days it again zoomed up breaking the resistance @ 1060
Finally Sold on 8 April @ 1153.50
profit again 14 % approx in 7 days.
My entire vacation expenses were covered Thanks to Sun Pharma.
After this trade Sun Pharma declined & I haven’t took Sun Pharma till 5 June 2017 ( When I m writing this blog post)