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A FUSION TRADING STRATEGY |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #691  Posted: Wed May 01, 2013 10:15 pm Post subject: |
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| chandrujimrc wrote: | | Is it Jindal or Jsw steel? |
This is Jindal Steel and Power Ltd.
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #692 Posted: Wed May 01, 2013 11:51 pm Post subject: Re: jindal steel |
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| vishyvaranasi wrote: | Hi Rk,
Presenting the chart of Jindal Steel for a Fusion.
Comments invited .
Vishy |
great i was waiting to enter in jindal
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #693 Posted: Thu May 02, 2013 8:56 am Post subject: |
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| chandrujimrc wrote: | | Is it Jindal or Jsw steel? |
Hi All,
Sorry,for the typo made its Jindalsteel.
Vishy
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #694 Posted: Thu May 02, 2013 2:11 pm Post subject: |
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Fusion followers are aware of Reliance + Fusion trade, it consolidated too long at point 5 without triggering SL.
Now one can go long with a SL of 760 cash (C.C) for a target of 910 around 1st week of June 2013.Risk reward is good.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #695 Posted: Thu May 02, 2013 4:52 pm Post subject: |
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NTPC + Fusion reached target today a little delayed. I exited position exactly at ETA.
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52.05 KB |
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323 Time(s) |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #696 Posted: Thu May 02, 2013 5:00 pm Post subject: |
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| rk_a2003 wrote: | Fusion followers are aware of Reliance + Fusion trade, it consolidated too long at point 5 without triggering SL.
Now one can go long with a SL of 760 cash (C.C) for a target of 910 around 1st week of June 2013.Risk reward is good. |
yes RK, it seems to have broken out today
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #697 Posted: Fri May 03, 2013 3:05 pm Post subject: |
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Jindalsteel Top gainer in NSE today. 
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #698 Posted: Fri May 03, 2013 3:08 pm Post subject: |
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| jindal lovely!
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #699 Posted: Fri May 03, 2013 6:07 pm Post subject: |
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| vishyvaranasi wrote: | | Jindalsteel Top gainer in NSE today. |
Yes, quite often it happens even vice versa (top loser) also in case the scrip happened to be in NIFTY.The reason is Fusion trade is a contra position in an extreme Over sold /Over bought scrip.
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #700 Posted: Mon May 06, 2013 10:52 am Post subject: |
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| vishyvaranasi wrote: | | Jindalsteel Top gainer in NSE today. |
Jindalsteel Update
Booking 50% at 325 and modifying SL to my cost.
Vishy
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jkm10
White Belt
Joined: 09 Jan 2010
Posts: 13
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| Post: #701 Posted: Wed May 08, 2013 7:11 pm Post subject: |
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Dear RK,
There is fusion in Adani enterprises. Please refer attached chart. Wicks at point no. 1 ignored.
Please confirm. can you plz explain how expected time for target is arrived.
Regards,
JKM 
[Content Removed By Admin]
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hemant.icharts
Site Admin
Joined: 10 May 2011
Posts: 334
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| Post: #702 Posted: Wed May 08, 2013 10:47 pm Post subject: |
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Dear Member,
Please abide with rules and regulation of forum.
Please go through rule number 12 before posting the chart.
Regards,
Hemant @ iCharts.
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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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| Post: #704 Posted: Thu May 16, 2013 7:35 pm Post subject: |
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The +Fusion is still going on in Reliance and Fusion traders were long in this counter from 780 levels. This position experienced roller coaster ride.... fortunately without triggering SL.
Now look at the –ww marked with red lines. In line chart it already formed point 5 with overshoot due. Better to book part profits around 860 levels and close the position altogether in case it closes below 832 (C.C) later one may try to reenter the position at an opportune time.
| Description: |
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155.18 KB |
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335 Time(s) |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #705 Posted: Thu May 16, 2013 8:32 pm Post subject: |
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| rk_a2003 wrote: | The +Fusion is still going on in Reliance and Fusion traders were long in this counter from 780 levels. This position experienced roller coaster ride.... fortunately without triggering SL.
Now look at the –ww marked with red lines. In line chart it already formed point 5 with overshoot due. Better to book part profits around 860 levels and close the position altogether in case it closes below 832 (C.C) later one may try to reenter the position at an opportune time. |
Instead of booking part profit at 860, why not trail SL when target is 920 at least?
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