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A FUSION TRADING STRATEGY |
saumya12
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Joined: 21 Dec 2011
Posts: 1509
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Post: #721  Posted: Sun Jun 30, 2013 12:27 pm Post subject: |
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Thanks
TataMotors is a good selection
But to reach its target it has 2 major resistances
@ around 285 and 295-97-301
and support @ around 272
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #722 Posted: Fri Jul 05, 2013 7:14 pm Post subject: |
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| rk_a2003 wrote: | | chandrujimrc wrote: | | Dear rk,Tatamotors EOD ,is it ok for fusion? |
Hi Chandru,
Tatamotors as a Fusion is fine.The ETA is around July 10th and EPA is around 315.
The only concern is SL at 263 (CMP:281). Not a very best risk reward. Still one can trade it.It's better to take a position in case price comes near SL; thus increasing R.R. |
Tatamotors update: It closed around 296 today.Not a bad Idea to book part profits and trail stop loss for the rest cost to cost.
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #723 Posted: Fri Jul 05, 2013 8:15 pm Post subject: |
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rk,
an offtopic from the thread, but since you are speaking of tatamotors,
keeping a tab on it's Tata Motors Limited (ADR) (NYSE:TTM) maybe useful to know the supporting trend, currently in US it is up by 3%.
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jpr999
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Joined: 19 May 2013
Posts: 6
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| Post: #724 Posted: Sat Jul 06, 2013 8:05 am Post subject: trade oppertunities |
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kindly check AJANTHA PHARMA and AMAR RAJA BATTERIES. in both these scripts except volume every thing is good i think. correct me if i am wrong
jpr999
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #725 Posted: Sat Jul 06, 2013 8:57 am Post subject: |
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JPR,
Sorry, could not find any in both the scrips.Which timeframe u r talking about?.I checked EOD charts.
Please post the charts if possible.
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jpr999
White Belt
Joined: 19 May 2013
Posts: 6
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| Post: #726 Posted: Sun Jul 07, 2013 11:38 am Post subject: |
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dear rk_a2003,
please check
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #727 Posted: Sun Jul 07, 2013 12:19 pm Post subject: |
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| jpr999 wrote: | dear rk_a2003,
please check |
No Way. What is this.
JPR
First go through the thread on WW in icharts and also read some documents on WWs and its formation.
And get your basics clear first.
I am not discouraging you.
I too have made such silly mistakes, when I started with WWs, every one makes. But, I am not going to point out your mistake. Let you know it by yourself.
OK tell me why you think this is a -WW.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #728 Posted: Sun Jul 07, 2013 3:12 pm Post subject: |
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| saumya12 wrote: | | jpr999 wrote: | dear rk_a2003,
please check |
No Way. What is this.
JPR
First go through the thread on WW in icharts and also read some documents on WWs and its formation.
And get your basics clear first.
I am not discouraging you.
I too have made such silly mistakes, when I started with WWs, every one makes. But, I am not going to point out your mistake. Let you know it by yourself.
OK tell me why you think this is a -WW. |
Saumya is right JPR.She is trying to help you. Please answer her.
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jpr999
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Joined: 19 May 2013
Posts: 6
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| Post: #729 Posted: Mon Jul 08, 2013 5:37 am Post subject: |
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| thanks for the reply. i thought they were bearish wolf waves. i will post the charts with explanation again why i thought like that.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #730 Posted: Tue Jul 09, 2013 7:00 pm Post subject: |
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RCOM bearish Fusion.SL 150 (C.C).First target around 132 may be by 17th July. In case it makes a double top at point 5 ETA may be extended for 3-4 days.
Channel is little diverging and its fine for me. People who are not satisfied with channel diverging may look at line chart. 
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #731 Posted: Sat Jul 13, 2013 9:19 am Post subject: HI All |
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Hi,
Presenting the Daily chart of M&M for a + Fusion. Everything seems fine .We noe require a COG.
Your take RK.
Vishy
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #732 Posted: Sat Jul 13, 2013 6:57 pm Post subject: Re: HI All |
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| vishyvaranasi wrote: | Hi,
Presenting the Daily chart of M&M for a + Fusion. Everything seems fine .We noe require a COG.
Your take RK.
Vishy |
Yes, let us wait for COG.There could be an overshoot too.M&M moving in it's own wave world completely ignoring Nifty upmove during past week.It's decoupled from NIFTY during 4-5 wave.
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #733 Posted: Mon Jul 15, 2013 5:22 pm Post subject: Bhartiartl |
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Hi,
Posting the chart of Bharti airtel.
The red lines marked is an onging +ww with a tgt of 330 appx and the blue one marked is the present -WW( if a COG happens tomorrow).The only exception was the last candle is not piercing the BB.I feel another thumping vol is required for this -WW.
Your take RK on this and i had paralled the present -WW which also is roughly at 330.
Vinay and others comments invited.
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #734 Posted: Mon Jul 15, 2013 10:26 pm Post subject: Re: Bhartiartl |
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| vishyvaranasi wrote: | Hi,
Posting the chart of Bharti airtel.
The red lines marked is an onging +ww with a tgt of 330 appx and the blue one marked is the present -WW( if a COG happens tomorrow).The only exception was the last candle is not piercing the BB.I feel another thumping vol is required for this -WW.
Your take RK on this and i had paralled the present -WW which also is roughly at 330.
Vinay and others comments invited. |
What is this paralleling Vishy .You may observe that the ongoing +ww is also a Fusion which made some sort of double bottom at point 5.
As you said a volume rise is still required for the current -ww at point 5 with CCI still at or above +100.
Mean time M&M registered a COG today.Up 2.5% 
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vishyvaranasi
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Joined: 11 Jul 2011
Posts: 1159
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| Post: #735 Posted: Tue Jul 16, 2013 9:11 am Post subject: Re: Bhartiartl |
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Mean time M&M registered a COG today.Up 2.5% [/color][/quote]
Yes Rk,
Got a good entry yesterday at 900 so will have to see.
Vishy
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