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A FUSION TRADING STRATEGY |
rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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Post: #346  Posted: Fri May 04, 2012 9:08 pm Post subject: |
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Hi vishy,
This is for you.Sterlite made a double bottom with RSI Div.As you know This double bottom is in continuation of earlier +ww.
A fresh entry can be made provided a COG is in place on Monday.Target is marked on the Chart and SL should be low of point 5.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #347 Posted: Thu May 10, 2012 8:15 pm Post subject: |
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| rk_a2003 wrote: | Hi vishy,
This is for you.Sterlite made a double bottom with RSI Div.As you know This double bottom is in continuation of earlier +ww.
A fresh entry can be made provided a COG is in place on Monday.Target is marked on the Chart and SL should be low of point 5. |
Trade triggered in sterlite and stoploss also hit.
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #348 Posted: Thu May 10, 2012 8:16 pm Post subject: |
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A possible + Fusion in Power grid on EOD chart .In case of COG one can take a long position. Markets are weak. And going down by breaking the range if that trend continues hitting targets in +ww’s could be really difficult.
However Market reached a crucial support level from which we may expect at least a short term bounce up. In that case the chances of this fusion success can be bright.
Moreover Powergrid is having a good support around 99-102 range. CMP is 102.50
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Last edited by rk_a2003 on Thu May 10, 2012 10:07 pm; edited 1 time in total |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #349 Posted: Thu May 10, 2012 8:52 pm Post subject: HI RK |
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| rk_a2003 wrote: | A possible + Fusion in Power grid on EOD chart .In case of COG one can take a long position. Markets are weak. And going down by breaking the range if that trend continues hitting targets in +ww’s could be really difficult.
However Market is reached a crucial support level from which we may expect at least a short term bounce up. In that case the chances of this fusion success can be bright.
Moreover Powergrid is having a good support around 99-102 range. CMP is 102.50 |
Hi RK,
One doubt in Power grid Point 2 is 115( high) and point 4 is (115.35). Can we consider it as a fusion?
Vishy
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #350 Posted: Thu May 10, 2012 9:46 pm Post subject: |
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It's ok with little divergence.I understood the ww as a battle for equilibrium between supply and demand. I look for similarities between wave 1-2 &3-4 , 2-3 &4-5. In case I find symetry in them I proceed with it.
Infact point 2 is 115.20 and point 4 is 115.30( as per my Chart). It can be considered as horizontal line.
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #351 Posted: Mon May 14, 2012 12:14 pm Post subject: Hi RK |
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Hi RK,
attaching the chart of Bajaj-auto 60 TF.
Vishy
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #354 Posted: Mon May 28, 2012 8:27 pm Post subject: |
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| rk_a2003 wrote: | | rk_a2003 wrote: | Watch out tomorrow for COG to take a +Fusion entry. 1st Target 125. |
Exideind opened at 114.90 and remained above it for most of the time during the day.Finally closed at 120.50 ( 119.95).
A clean profit around 5/- for Fusion Traders who anticipated COG and took entry. TSL cost to cost and wait for 1st target 125.
Intraday chart attached. |
Exideind reached first target without triggering SL,closed at 125.90.
Last edited by rk_a2003 on Thu Jun 07, 2012 2:17 pm; edited 2 times in total |
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prst
White Belt
Joined: 24 Sep 2011
Posts: 87
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| Post: #355 Posted: Tue May 29, 2012 11:55 am Post subject: |
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| rk_a2003 wrote: | | rk_a2003 wrote: | | rk_a2003 wrote: | | Watch out tomorrow for COG to take a +Fusion entry. 1st Target 125. |
Exideind opened at 114.90 and remained above it for most of the time during the day.Finally closed at 120.50 ( 119.95).
A clean profit around 5/- for Fusion Traders who anticipated COG and took entry. TSL cost to cost and wait for 1st target 125.
Intraday chart attached. |
Exideind reached first target without triggering SL,closed at 125.90. |
excellent call dude..
next target could be anywhere near the upper BB, which is around 129 levels. rite.
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #356 Posted: Tue May 29, 2012 12:47 pm Post subject: |
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| You are right! prst
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #357 Posted: Thu Jun 07, 2012 2:19 pm Post subject: |
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| rk_a2003 wrote: | | rk_a2003 wrote: | | rk_a2003 wrote: | | Watch out tomorrow for COG to take a +Fusion entry. 1st Target 125. |
Exideind opened at 114.90 and remained above it for most of the time during the day.Finally closed at 120.50 ( 119.95).
A clean profit around 5/- for Fusion Traders who anticipated COG and took entry. TSL cost to cost and wait for 1st target 125.
Intraday chart attached. |
Exideind reached first target without triggering SL,closed at 125.90. |
Now upper B.B shifted to 127.Exide reached a day high of 128.80 and now trading around 128.Second target reached.One may wait for final target after booking partial profits at this level.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #358 Posted: Thu Jun 07, 2012 8:27 pm Post subject: |
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IDFC EOD Chart posted. A -ww with Fusion setup in place. Self-explanatory
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #359 Posted: Fri Jun 08, 2012 7:51 pm Post subject: |
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| SL triggered in IDFC. Loss booked.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #360 Posted: Fri Jun 08, 2012 8:02 pm Post subject: |
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| rk_a2003 wrote: | | rk_a2003 wrote: | | rk_a2003 wrote: | | rk_a2003 wrote: | | Watch out tomorrow for COG to take a +Fusion entry. 1st Target 125. |
Exideind opened at 114.90 and remained above it for most of the time during the day.Finally closed at 120.50 ( 119.95).
A clean profit around 5/- for Fusion Traders who anticipated COG and took entry. TSL cost to cost and wait for 1st target 125.
Intraday chart attached. |
Exideind reached first target without triggering SL,closed at 125.90. |
Now upper B.B shifted to 127.Exide reached a day high of 128.80 and now trading around 128.Second target reached.One may wait for final target after booking partial profits at this level. |
Exide slowly reaching + Fusion final target. In the course it's forming another fresh -ww(possibly a -Fusion) watch out.
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