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t.chatterjee
White Belt
Joined: 07 May 2010
Posts: 66
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Post: #31  Posted: Tue Aug 03, 2010 9:22 am Post subject: |
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| st sir, i saw dlf, opened below bull and then crossed r1 and now hovering around r2, by crossing r1 so soon and both the emas r breached, do u think it may give some good up move? |
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SwingTrader
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Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #32 Posted: Tue Aug 03, 2010 9:25 am Post subject: |
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| t.chatterjee wrote: | | st sir, i saw dlf, opened below bull and then crossed r1 and now hovering around r2, by crossing r1 so soon and both the emas r breached, do u think it may give some good up move? |
Yes, DLF is extremely bullish. At the moment it is too extended, see if you can get in on a pullback.
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Srikanth Kurdukar
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t.chatterjee
White Belt
Joined: 07 May 2010
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| Post: #33 Posted: Tue Aug 03, 2010 9:31 am Post subject: |
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| thank u sir |
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diwakar
White Belt
Joined: 10 Feb 2010
Posts: 54
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| Post: #34 Posted: Tue Aug 03, 2010 9:43 am Post subject: ICICI-1M |
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Dear ST
Warm Bull Morning....
Your views on ICICI-1M....
Will it break R5....956.89....?
I am long from 940 with sl 943....
Awaiting for your views...
Have a nice day...
regards,
Diwakar R |
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SwingTrader
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Joined: 11 Aug 2006
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| Post: #35 Posted: Tue Aug 03, 2010 9:48 am Post subject: |
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Yeah it is possible. It has already hit R4, it could hit R5...entering it now is risky. You might have to wait for a breather/pullback in this scrip. There could be major pullbacks around R4/R5 so be careful, on the other hand if the pullback is not too deep then it can break R5 and move further up.
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Srikanth Kurdukar
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trades4girish
White Belt
Joined: 10 Jul 2009
Posts: 22
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| Post: #36 Posted: Tue Aug 03, 2010 9:51 am Post subject: |
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ST Sir,
Today whats ur view on Nifty ?? Taking support @ 34 EMA and hovering around LOC. Sir if it breaks 34 EMA Can we go short ? |
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SwingTrader
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Posts: 2903
Location: Hyderabad, India
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| Post: #37 Posted: Tue Aug 03, 2010 9:56 am Post subject: |
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| trades4girish wrote: | ST Sir,
Today whats ur view on Nifty ?? Taking support @ 34 EMA and hovering around LOC. Sir if it breaks 34 EMA Can we go short ? |
There is 89 EMA just below 34 EMA, below that is the formidable BEAR-S1 band, so there are significant supports for NF until S1. I would be bearish only on a break below S1.
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Srikanth Kurdukar
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diwakar
White Belt
Joined: 10 Feb 2010
Posts: 54
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| Post: #38 Posted: Tue Aug 03, 2010 10:06 am Post subject: Axisbank EQ |
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Dear ST
Axisbank broke R2 and consolidating there...
Is it advisable to go long now....?
Also the first two candles (with up arrows marked) is it a gap filling move or a abnormal move....?
regards,
Diwakar R |
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SwingTrader
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Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #39 Posted: Tue Aug 03, 2010 10:10 am Post subject: Re: Axisbank EQ |
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| diwakar wrote: | Dear ST
Axisbank broke R2 and consolidating there...
Is it advisable to go long now....?
Also the first two candles (with up arrows marked) is it a gap filling move or a abnormal move....?
regards,
Diwakar R |
AXISBANK long is fine with a SL below BULL. The opening bars are fine...no issues...very normal.
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Srikanth Kurdukar
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trades4girish
White Belt
Joined: 10 Jul 2009
Posts: 22
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| Post: #40 Posted: Tue Aug 03, 2010 10:15 am Post subject: |
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ST Sir,
Now can we go long in Nifty with SL as 89EMA levels or Bear Levels, as 34 EMA has given a good support and Nifty Now above LOC level.???
Girish V Hanchate |
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SwingTrader
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| Post: #41 Posted: Tue Aug 03, 2010 10:19 am Post subject: |
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ADANIENT, BHARTIARTL, HDIL, GAIL also setting up (currently in pullbacks/consolidations). Could go up from here.
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Srikanth Kurdukar
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SwingTrader
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Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #42 Posted: Tue Aug 03, 2010 10:21 am Post subject: |
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| trades4girish wrote: | ST Sir,
Now can we go long in Nifty with SL as 89EMA levels or Bear Levels, as 34 EMA has given a good support and Nifty Now above LOC level.???
Girish V Hanchate |
Long NF is currently fine.
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Srikanth Kurdukar
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kanna
White Belt
Joined: 03 Jan 2010
Posts: 91
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| Post: #43 Posted: Tue Aug 03, 2010 10:37 am Post subject: |
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| shorted bank nifty at 10435 as it is getting resistance at R1 . and also divergence in RSI. currently SL at just above days high(also R1) plus 10 pts. ST is it correct.? |
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SwingTrader
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Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #44 Posted: Tue Aug 03, 2010 10:43 am Post subject: |
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| kanna wrote: | | shorted bank nifty at 10435 as it is getting resistance at R1 . and also divergence in RSI. currently SL at just above days high(also R1) plus 10 pts. ST is it correct.? |
Well...BNF is hugely bullish since quite a few days. Also, it will be bearish only if it breaks below BULL, just hitting R1 resistance is not a reason to go short, it could just be a breather/consolidation.
Also, for any divergence based on any momentum indicator a confirmation from the price itself is necessary. Divergences fail all the time. The price needs to breakdown to confirm the divergence.
If you are short now, just get out if price breaks above R1...again BNF is very bullish. It may breakdown from here...who knows...at some point the trend will end. But I will need to see some key levels broken before I can go short on BNF.
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Srikanth Kurdukar
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diwakar
White Belt
Joined: 10 Feb 2010
Posts: 54
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| Post: #45 Posted: Tue Aug 03, 2010 11:03 am Post subject: ICICI-1M |
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ICICI-1M Marching towards R5.......
Thank you very much for your advise ST.......
Regards,
Diwakar R |
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