What goes up...

Nothing's more frustrating than a slow moving market.  For the last many weeks now, it's moving sideways.  I'm looking at VBL. March 8 to May 25. It has not moved a centimetre.  C'mon. 

26. 05. 2021 1. Right after a double top followed by a correction  2. Followed by sideways movement  3. (Hindsight) it seems like in a no-trade zone  4. Fib arc suggests off track from 38. 2% 5. 294 is a strong support zone  6. It's in its lowest ever zone in 2021 7. The lowest ever zone happens to coincide with 294 support level (bounce up expected?) Expecting a 10% upside on a bad day 328 20% upside on a good day 358

26. 05. 2021 Bought asianpaints at 2902 Cup and handle formation Resistance at 2870 Volume seems thin on the higher side  Sell at 3000

Have been holding sbi for a long time at 284. (March 2021) Sold them today at 401. 

24/5/2021 Bought VBL @ 1009 Target 1050 Revised target 1060 Why? Multiple attempts over the last 3 months to break the 1000 mark.  Buyer momentum looks good.  However volume is sparse.  Edit #1  Similar Bollinger sideways pressure effect (as BKing) Right above the 200 MVA Edit #2 I was blind to 2 separate phenomenon. 1. Double bottom 2. Inverted head and shoulder  Both of these side by side.  Revising target to 159, nevertheless.  Pessimism is my best friend. 

24.05.2021 I hate Bking but couldn't resist the stock.  Again, a fluke purchase. (Guess)  However, Monthly ADX at 38  RSI at 70 Prices about to go down?  Expecting resistance at 140.  Could be a good mid term bet.  Edit #1  Fuck I think it's a great purchase. Bollinger bands indicate there is a lot of tension building inside a narrow pipe. Just waiting for a Newtonian miracle right now.  Edit #2  Comfortably 180?

Don't know why I bought airtel.  May be because I'm pissed about vodafone's network coverage.  Bought it at 538 on 19-05-21 Even Bharti Mittal wouldn't buy it at that price.  Bought it because the shares were falling and I thought to myself 538 isn't a bad price for the long-term .  That's the mistake.  I went in to buy fish and instead ended up buying an aquarium.  Counting on luck here onwards to rescue me at 600.  Edit # 1 Key resistance at 499 and 527 Fib arc suggests 600 (not sure if I'm reading it right) Might have to wait a long time 

Bought UPL on 19-05-21 at 793 Not very happy about the price but  couldn't control the greed. The price has been going up and up for the last couple of days. Hope #1 Nifty doesn't crash in the next couple of weeks Hope #2 Reach my target of 850 in this lifetime.  Crossed 203.89 res in 2014 - out of the park  Stumbled twice at 302.33 res - 2015 and 2016 Crossed 402.42 res in 2016 Crossed 498 res in 2017 Fell flat on 402 res in 2018  Crossed 599 barrier in 2019 (pre covid) Fell flat on 302 res in 2019 (during covid) Struggled to get back 498 rest in 2020 Went all the way up to 800 res in a single day in 2021 Doomsday coming? Bought it just because of the buying momentum. 

Made a profit of Rs 35 on Relaxo. Strange stock. Found it on a reco list. Looks very good for long term.  Bought @915 (18-05-2021) Sold @950 (19-05-2021) Right after the sell, the price went all the way up to 1000.  Looks expensive at this price point.  May buy again at 850-900 for long term.