iCharts Discussions

[rk_a2003]

I am still hanging on with my position.Let the SL trigger.

[Rahulsharmaat]

RK i am still long---

had put intra day stop loss 0.5 % below 520-- that is 517.50-- so placed below 516.90


will carry till that hits

[sonshu101]

Ranbaxy Crossed above 520 . Have already booked long. Will enter again in morning if opened above 520 or closed above 520 on closing basis

[rk_a2003]

Crompton Greaves +Fusion reached target 131.75 today.One can still ride it with comfortable SL.

[Rahulsharmaat]

RK

way back if i remember around 350-- u gave target in Bharti for 250 area--if i am not wrong-- can u throw some light on it

[rk_a2003]

[vishyvaranasi]

Hi RK,

Had sent u a chart to ur msg box did u see it.

vishy

[rk_a2003]

[rk_a2003]

If Ranbaxy is not moving above 541.4 today or tomorrow one may consider to square of long position(It has nothing to do with Fusion Strategy. after considering other factors this advise is given.).Some one who is ready to stick strictly to the startegy they may continue longs with prescribed SL.

[Rahulsharmaat]

Are these spot rates ??/ or FO

[rk_a2003]

[Rahulsharmaat]

Ranbaxy spot touched 541.60--

is it still hold-- or we have to exit--please advice

[rk_a2003]

[rk_a2003]

It’s a weekly Bearish Fusion Trade triggered in DLF. There are few observations and points to be considered.

• In recent past DLF weekly candle never went above B.B (20,2).It only pierced it. The latest weekly candle jumped above upper B.B. It indicates prevailing bullish mood of the market in general and also of DLF in particular.

• If you closely follow the waves 1-2 and 3-4 .They comprises of 2 sub waves. If at all this pattern has to reach the target in all likelihood it may do so in the same manner i.e in 2 waves.

• The formation of –Fusion is in line with the persistent bear run in DLF. But, due to FDI approvals in retail sector there could be a demand for DLF existing commercial space ventures and also for new ventures. This can potentially make a fundamental difference. In fact, anticipating the same DLF scrip is making bullish moves right now.

• Having said so there is no way to believe that high debt service cost and dull real estate market sentiments are going to vanish.

• So, at present it appears like a tug of war but no way it appears so bearish that DLF will reach 150 even by 2013 April.

• But, we may assume that at least it has to move down up to middle B.B to attain some sort of equilibrium before going up and we may trade that move. Then Risk Reward will go down considerably.

• If the bullishness (With Govt. reformist stance continuation) and strong FII fund flow sustain even without reasonable correction it may move up.

• The RBI monetary policy is also going to make a big difference in the direction of DLF scrip.

[sonila]