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A FUSION TRADING STRATEGY |
chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #751  Posted: Tue Aug 13, 2013 7:33 pm Post subject: |
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Dear RK,
Adanient EOD,is it ok for fusion?
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #752 Posted: Tue Aug 13, 2013 8:19 pm Post subject: |
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| chandrujimrc wrote: | Dear RK,
Adanient EOD,is it ok for fusion? |
Chandru,
It's not a Fusion.Still it's a good ww.Above 180 - 182 it may fire upside.
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #753 Posted: Tue Aug 13, 2013 9:30 pm Post subject: |
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| Thank you RK.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #754 Posted: Tue Aug 13, 2013 9:43 pm Post subject: |
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| I posted this stock [Adani ent] in Make or Break thread at 3.30 today.....seems like a positive breakout going to happen [tomorrow - above 172 run way target 177-178 but as rightly mentioned here unless 180-182 cleared not a positional buy by any standards.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #755 Posted: Thu Aug 15, 2013 1:52 pm Post subject: |
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Will HPCL quality for Fusion trading strategy - buy above 191.5 for target of 195 -196 [+WW on last 5 days price chart] and then 205 [20EMA]
stop loss 185 or 182
reason :
- last 4 days white candle + engulfing candle
- moved above lower BB 3-4 days back
- last day volume increase substantial
- closed at high last
- 1-3-5 trendline support on 3 years chart at 180 levels
- rsi cutting 30 from below over past 2 days
- macd above to turn postive in negative territory
- 180 levels [wave C] were 1.382 of wave A of downtrend
- look at 5 m TF chart of last day also - lower low and higher high and close at high
news of diesel price increase
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #756 Posted: Thu Aug 15, 2013 2:49 pm Post subject: |
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Amit,
It won't qualify for a Fusion.No wolfe wave.
Still u got your own analysis which might be sufficient to take up a trade.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #757 Posted: Tue Aug 20, 2013 3:51 pm Post subject: |
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| rk_a2003 wrote: | | rk_a2003 wrote: | NTPC moved in the band of 134 - 136.It managed to register a green candle when Nifty tanked 2.5%.
It declared it's intention to move up in near future.Only thing is it needs a little help from Nifty.
While saying it I remebered a saying "today's hero can be tomorrows zero"  .
However, took entry with the prescribed SL. |
NTPC reached first target around 142. Part profits booked with TSL for cost to cost for the rest. |
TSL triggered in NTPC.Incase it makes a DB at point 5 with RSI div one can take reentry on first bullish reversal candle with low of point 5 as SL for the same targets.
Beware.....There is also a chance for breakdown.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #758 Posted: Thu Aug 22, 2013 7:44 pm Post subject: |
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It is a Fusion trade(Red one) which almost reached the target even in this market carnage.I completely missed it.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #759 Posted: Wed Aug 28, 2013 8:29 pm Post subject: |
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A Bullish Fusion setup in HDFC.COG awaited.
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #760 Posted: Wed Aug 28, 2013 11:12 pm Post subject: |
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| rk_a2003 wrote: | | A Bullish Fusion setup in HDFC.COG awaited. |
But RK
In HDFC there is a -ww in 5 min tf with target around 635
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #761 Posted: Thu Aug 29, 2013 7:25 am Post subject: |
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| saumya12 wrote: | | rk_a2003 wrote: | | A Bullish Fusion setup in HDFC.COG awaited. |
But RK
In HDFC there is a -ww in 5 min tf with target around 635 |
Yes, Saumya you are right I observed it now.How ever COG has to happen it's a precondition.It can happen even after meeting 5 min target.In opening it self it may meet the target too  .
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #762 Posted: Thu Aug 29, 2013 12:14 pm Post subject: |
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| Just shedding the idea of entering long in HDFC.Risk reward not to my liking after a COG with huge green candle.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #763 Posted: Thu Aug 29, 2013 12:17 pm Post subject: |
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| rk_a2003 wrote: | | Just shedding the idea of entering long in HDFC.Risk reward not to my liking after a COG with huge green candle. |
check eod tmrw for reconfirmation
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rk_a2003
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Joined: 21 Jan 2010
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #765 Posted: Wed Sep 25, 2013 6:43 pm Post subject: |
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A possible Bearish Fusion in BHEL hourly chart.Make a note that COG awaited for triggering the trade.
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