It is not necessary to trade everyday and moreover no Doctor says that :). Just rest till we get confirmations below 4790/4770 or above 4925/4955. Whatever it may happen, breakout or breakdown you will get easy 50-100 points on either side.
As this is a budget week + monthly close + weekly close + f&o expiry so volatility in this week will remain at its high, if you are die-hard and risky trader then trade cautiously with adequate stop loss.
Stock View: TWL
The recent fall in Titagarh Wagons that came as a shock to many people yesterday would not have affected a good Technical Analyst as he would have sensed that the fall was coming.
People who were late entrant in this stock & were waiting for Budget Play in this stock were the hardest hit as the fall from 460 to 400 came within minutes and gave nobody to think or put any stop loss, many stoplosses would have been skipped also during the sharp fall.
2 valid reasons why this stock shouldn't have been in your portfolio after the rally on 11 the feb:
1) Stock was trading closer to its red line ( line which joins all the major tops since October 2007) and was not breaking it, the stock should have been bought above the red line.
2) There were only 2 days left for Railway Budget, people shouldn' have speculated and should have exited longs
Have a nice trading day
Regards
Ankit
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