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A FUSION TRADING STRATEGY |
chetan83 Brown Belt
Joined: 19 Feb 2010 Posts: 2036
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Post: #616 Posted: Thu Nov 15, 2012 4:20 pm Post subject: |
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vishyvaranasi wrote: | By the way Rk. Apollo seems to b giving a breather for fusionists.
Vishy |
Seem that Apollo tyre is ready for its upside from tomorrow IF todays low is not breached. Unfortunately, i had to exit my long of 83.50 at 81 as I need to close my trading account with current broker , so no position, only 5600 call bought at 77 today in the new brokers account with margin money of 5000.
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #617 Posted: Fri Nov 16, 2012 9:00 am Post subject: |
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For IDEA traders:
[1] All telecom stocks seem to have picked up upside..
[2] P Chidambaram | Finance Minister: Banks will be encouraged to lend to telecom sector
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #618 Posted: Fri Nov 16, 2012 9:10 am Post subject: |
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apka wrote: | For IDEA traders:
[1] All telecom stocks seem to have picked up upside..
[2] P Chidambaram | Finance Minister: Banks will be encouraged to lend to telecom sector |
True! This is how the fundamental factors influence price action.The Spectrum auction failure to raise money for Govt. is looked as a positive for telecom players thus an up move in them including IDEA. We should consider it. Now PSU Bank stocks may move up including IFCI (On Recapitalisation news) which already registered upmove yesterday.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #619 Posted: Wed Nov 21, 2012 1:50 pm Post subject: |
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Apollotyre showing reversal with good volumes. One can go long with a SL at 78.10 or even 79 for a target of 92 around Christmas.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #620 Posted: Thu Nov 22, 2012 10:52 am Post subject: |
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Apollo tyre +Fusion going well, bucking the trend. Revise SL cost to cost…… and enjoy.
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chetan83 Brown Belt
Joined: 19 Feb 2010 Posts: 2036
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Post: #621 Posted: Thu Nov 22, 2012 10:57 am Post subject: |
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rk_a2003 wrote: | Apollo tyre +Fusion going well, bucking the trend. Revise SL cost to cost…… and enjoy. |
super
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vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #622 Posted: Fri Jan 25, 2013 4:37 pm Post subject: Ranbaxy |
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Posting in the correct thread once again.
A fusin in ranbaxy
Vishy
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #623 Posted: Fri Jan 25, 2013 5:13 pm Post subject: |
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RK, close above 461.50 with large vol again may be a better way to buy. This is because it has slid very sharply and we don't want to catch the falling knife.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #624 Posted: Fri Jan 25, 2013 5:16 pm Post subject: |
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vinay28 wrote: | RK, close above 461.50 with large vol again may be a better way to buy. This is because it has slid very sharply and we don't want to catch the falling knife. |
True,I agree.One can wait for entry in to the channel.
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #625 Posted: Fri Jan 25, 2013 6:14 pm Post subject: |
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RK, what says you? Two +WWs marked with +ve div on rsi and BB. Note today's bullish engulfing candle (also an inverted hammer signalling reversal) spanning the BB completely.
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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: #627 Posted: Fri Jan 25, 2013 6:25 pm Post subject: |
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This appears to be tradable,with the same EPA around 540 but with a reduced ETA around March end.
Let us see how it goes.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #628 Posted: Fri Jan 25, 2013 6:40 pm Post subject: |
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vinay28 wrote: | RK, what says you? Two +WWs marked with +ve div on rsi and BB. Note today's bullish engulfing candle (also an inverted hammer signalling reversal) spanning the BB completely. |
Vinay,
First time Iam looking at this Transformers and Rectifiers Ltd (TRIL).It appears to be bouncing up from 52 week low(In this bullish market).Have a looka at weekly chart it's a breakdown of DT looking for a lower target But,Mind it a DT can be as well a +ww.
The +ww in EOD is not convincing for me that's why I went and looked in weekly TF.
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #629 Posted: Fri Jan 25, 2013 8:00 pm Post subject: |
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I agree RK but there is a very mild +ve div on weekly also. But worth tracking since BD of DT can be false too. I will look for a weekly close above 20ema (128.50) or above 133.
Last edited by vinay28 on Sat Jan 26, 2013 12:25 pm; edited 1 time in total |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #630 Posted: Sat Jan 26, 2013 11:46 am Post subject: |
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w.r.t. my thread on "simple strategy for investment", in general, it is always sell on rise as long as price is below 200sma and vice versa. One can always trade, however, within these boundries.
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