Eicher Motors rally missed, postitional trading and Intraday trading results..

 05/11/2010

I purchased Eicher motors 9 shares for 2125 rs. and sold them at 2130. for a quick profit but I didn't checked the previous trend or full chart of Eicher Motors. the stock was in clear up trend and broken out from the previous downtrend. If i held the shares for more than 3 days I would have seen some decent profits. But I selloff the shares within the same day.

I brought without any support and resistance points. though the stock is clearly in downtrend for the day. 

Next day the stock rallied like anything. The stock came out from previous downtrend and made new high. The real money is in waiting. not in Intraday. but one have to bear the risk of holding for overnight.