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A FUSION TRADING STRATEGY |
rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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Post: #781  Posted: Fri Nov 29, 2013 3:42 pm Post subject: |
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| vishyvaranasi wrote: | | rk_a2003 wrote: | | Buy triggers in Bharti Airtel if it closes above 326.90(Don't worry about adjusted price we are concerned about actual price on trading terminal.).If it doesn't, Fusion set up is null and void. |
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Hi RK,
Finally got into Bharti. Pattern looks good.Mite not have moved along with the Market.But lets see on Monday.
Vishy |
Yes, it formed a Doji which is also can be considered as a reversal signal.Let's see...with in 2-3 days there should be a big push upside.
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #782 Posted: Fri Nov 29, 2013 4:35 pm Post subject: |
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| rk_a2003 wrote: | | Buy triggers in Bharti Airtel if it closes above 326.90(Don't worry about adjusted price we are concerned about actual price on trading terminal.).If it doesn't, Fusion set up is null and void. |
is closed at 327....buy triggered.....this is one stock which is clearly due for rise.....7-8 points shall come in one go...
thanks RK
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #783 Posted: Fri Nov 29, 2013 10:07 pm Post subject: |
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RK besides Bharti u mentioned Rcom WW...if if stay aboves 140 for one hr, great buy...
see today's excellant consolidation and other charts with trendlines and fibo retrace over with up leg starting
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #784 Posted: Fri Dec 13, 2013 9:18 pm Post subject: |
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Bharti is almost going to make a double bottom at point 5 of Fusion.Once it register some sort of double bottom and then register a COG; It can happen simultaneously too, one can take long entry with recent low as SL(C.C).ETA will be further extended ;might be for 13-14 more trading days (Dec 24th+).EPA remains same at 385.
Once it registers a double bottom at point 5 of fusion set up and starts moving up the chance of success increases multifold. Look for RSI div too.;It seems that is also present.
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vishyvaranasi
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Joined: 11 Jul 2011
Posts: 1159
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| Post: #785 Posted: Sat Dec 14, 2013 9:02 am Post subject: |
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| rk_a2003 wrote: | Bharti is almost going to make a double bottom at point 5 of Fusion.Once it register some sort of double bottom and then register a COG; It can happen simultaneously too, one can take long entry with recent low as SL(C.C).ETA will be further extended ;might be for 13-14 more trading days (Dec 24th+).EPA remains same at 385.
Once it registers a double bottom at point 5 of fusion set up and starts moving up the chance of success increases multifold. Look for RSI div too.;It seems that is also present. |
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Hi RK,
Had entered and exited twice till date and now holding my third entry.This one is ofcourse in Loss but lets see the movement from now on.
Vishy
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parm1
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Joined: 04 Aug 2013
Posts: 47
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| Post: #786 Posted: Sat Dec 14, 2013 12:05 pm Post subject: |
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| Hi ..RK can you post updated chart again of Bharti with WW
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #787 Posted: Sat Dec 14, 2013 1:18 pm Post subject: |
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| vishyvaranasi wrote: | | rk_a2003 wrote: | Bharti is almost going to make a double bottom at point 5 of Fusion.Once it register some sort of double bottom and then register a COG; It can happen simultaneously too, one can take long entry with recent low as SL(C.C).ETA will be further extended ;might be for 13-14 more trading days (Dec 24th+).EPA remains same at 385.
Once it registers a double bottom at point 5 of fusion set up and starts moving up the chance of success increases multifold. Look for RSI div too.;It seems that is also present. |
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Hi RK,
Had entered and exited twice till date and now holding my third entry.This one is ofcourse in Loss but lets see the movement from now on.
Vishy |
Vishy,
I too exited once with little profit. But waiting for reentry signal(i.e double bottom). There is no guarantee that reentry is going to be generated.It may keep on sliding and may form another ww.
But the markets are at extreme oversold and Bharti has underperformed till today compared to index and a fusion set up was in place. Some upgrades happened and good deals struck. All these are in our favor.
Strictly speaking the SL is not yet triggered, my exit is based on TSL and guided by the philosophy of not let the profits turn in to losses. I think your exits are also on the same basis.
But some times we may miss the bus with this type of trading. Hope your 3rd trade also end in profit.
This time if reentry signals.... 90% it should reach at least our 1st and 2nd targets and hopefully 3rd also.
This time market may keep it's upward journey till the elections with hick ups at RBI policy and tapering events and may go down immediately after elections, that's my broad guess on the market.
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rk_a2003
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #789 Posted: Sat Dec 14, 2013 3:29 pm Post subject: |
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Yes RK,
The exits are based upon not loosing the PROFITS in the negative markets and the third entry was on a bounce when it touched 316(cash lv 200SMA daily lvl)) and bounced back. Yes as u said the original SL is yet to be taken out. So, hoping it to be posotive.
Vishy
| rk_a2003 wrote: | | vishyvaranasi wrote: | | rk_a2003 wrote: | Bharti is almost going to make a double bottom at point 5 of Fusion.Once it register some sort of double bottom and then register a COG; It can happen simultaneously too, one can take long entry with recent low as SL(C.C).ETA will be further extended ;might be for 13-14 more trading days (Dec 24th+).EPA remains same at 385.
Once it registers a double bottom at point 5 of fusion set up and starts moving up the chance of success increases multifold. Look for RSI div too.;It seems that is also present. |
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Hi RK,
Had entered and exited twice till date and now holding my third entry.This one is ofcourse in Loss but lets see the movement from now on.
Vishy |
Vishy,
I too exited once with little profit. But waiting for reentry signal(i.e double bottom). There is no guarantee that reentry is going to be generated.It may keep on sliding and may form another ww.
But the markets are at extreme oversold and Bharti has underperformed till today compared to index and a fusion set up was in place. Some upgrades happened and good deals struck. All these are in our favor.
Strictly speaking the SL is not yet triggered, my exit is based on TSL and guided by the philosophy of not let the profits turn in to losses. I think your exits are also on the same basis.
But some times we may miss the bus with this type of trading. Hope your 3rd trade also end in profit.
This time if reentry signals.... 90% it should reach at least our 1st and 2nd targets and hopefully 3rd also.
This time market may keep it's upward journey till the elections with hick ups at RBI policy and tapering events and may go down immediately after elections, that's my broad guess on the market. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #790 Posted: Sat Dec 14, 2013 5:14 pm Post subject: |
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| rk_a2003 wrote: | | parm1 wrote: | | Hi ..RK can you post updated chart again of Bharti with WW |
Here we go.....why can't you post Parm?  |
wow....i can spot not 3 but 4 h&s pattern on this chart....not to say that is bearish because for me all index stocks are bullish as a generality.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #791 Posted: Sat Dec 14, 2013 9:33 pm Post subject: |
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| amitagg wrote: | | rk_a2003 wrote: | | parm1 wrote: | | Hi ..RK can you post updated chart again of Bharti with WW |
Here we go.....why can't you post Parm? |
wow....i can spot not 3 but 4 h&s pattern on this chart....not to say that is bearish because for me all index stocks are bullish as a generality. |
Yes, it's true. It's a matter of circumstances and will of market makers to decide which pattern fails. 
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parm1
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Joined: 04 Aug 2013
Posts: 47
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| Post: #792 Posted: Sun Dec 15, 2013 10:49 pm Post subject: |
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Thanks RK for posting the chart , idea was to keep one chart as ref point.
As per chart and my readings the WW has completed VI wave also .. i may be wrong.
You still believe this achieve the price as per WW, i am long on counter hence my query.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #793 Posted: Mon Dec 16, 2013 8:09 am Post subject: |
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| parm1 wrote: | Thanks RK for posting the chart , idea was to keep one chart as ref point.
As per chart and my readings the WW has completed VI wave also .. i may be wrong.
You still believe this achieve the price as per WW, i am long on counter hence my query. |
If it register a COG without violating double bottom. Yes, it can reach the target. Otherwise reaching HNS target may happen....be prepared for both.
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #794 Posted: Mon Dec 16, 2013 2:28 pm Post subject: |
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What should be the stop loss of bharti airtel
Pls guide
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #795 Posted: Mon Dec 16, 2013 2:38 pm Post subject: |
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| Rahulsharmaat wrote: | What should be the stop loss of bharti airtel
Pls guide |
EOD Close stop 318.
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