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a layman's approach to break out and break down |
casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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Post: #1201  Posted: Mon Jan 10, 2011 11:34 am Post subject: |
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i see + div ali bhai, but its breaking monthly support now
so i think + div is not going to come in action here also
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #1202 Posted: Mon Jan 10, 2011 11:39 am Post subject: |
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| casper wrote: | i see + div ali bhai, but its breaking monthly support now
so i think + div is not going to come in action here also |
Hi,
When scrip/market is trending so strongly on one side no div would work.
trade in the direction of the trend in such strong trends u would get ample of opportunities why look for contra than.
regards,
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1203 Posted: Mon Jan 10, 2011 11:47 am Post subject: |
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video ind
i will sell it if it breaks 210 by hourli closing. 15 minutes are left for closing
waiting
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1204 Posted: Mon Jan 10, 2011 11:50 am Post subject: |
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| sherbaaz wrote: | | casper wrote: | i see + div ali bhai, but its breaking monthly support now
so i think + div is not going to come in action here also |
Hi,
When scrip/market is trending so strongly on one side no div would work.
trade in the direction of the trend in such strong trends u would get ample of opportunities why look for contra than.
regards, |
u r right sherbaz bhai
i learnt it now , but in hard way
i wonder how so nicely divergence can be ignored,
its like fundamental sell off
concentrating on sell calls now
nifty is also near support. i need a bd in nifty again in order to get smooth sell off
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1205 Posted: Mon Jan 10, 2011 12:06 pm Post subject: |
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didnt broke bhai . lagta hai aaj loss le ke hi ghar jana padega
| casper wrote: | video ind
i will sell it if it breaks 210 by hourli closing. 15 minutes are left for closing
waiting |
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1207 Posted: Mon Jan 10, 2011 12:16 pm Post subject: |
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ravi bhai its already below 2600
if we go short , wat should be the stop and the tgt you are mentioning is for intra or positional
| Ravi_S wrote: | SBIN is taking support in the triangle... Wait for a triangle breakout... Sell below 2600, for a 50 Rs target... What say guys?  |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1208 Posted: Mon Jan 10, 2011 12:19 pm Post subject: |
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| Ravi_S wrote: | | SBIN is taking support in the triangle... Wait for a triangle breakout... Sell below 2600, for a 50 Rs target... What say guys? |
ravi sir, 2585 is monthly piv s1
sell below a candle close to that only
sl a candle close above this level
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #1209 Posted: Mon Jan 10, 2011 12:19 pm Post subject: |
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Ali bhai
Futures has still not gone below 2600... 2625 can be the stop for now.. .We can trail as the trade goes in our favour... Trade still not initiated...
Regards
Ravi
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #1210 Posted: Mon Jan 10, 2011 12:20 pm Post subject: |
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| Casper true, if you want to be on the safer side, sell below Monthly S1...
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1211 Posted: Mon Jan 10, 2011 12:22 pm Post subject: |
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ali bhai, market depth data of video ind shows almost 13k buyers at 210.50
it is the maximum buyer available point in market depth data
more buyers means more support, so we need to break below 210.50 and sustain to sell it
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #1212 Posted: Mon Jan 10, 2011 12:25 pm Post subject: |
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| Casper, Monthly S1 for futures is at 2612... So If it closes below that on hourly we can go short... that's my gut feeling...
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1213 Posted: Mon Jan 10, 2011 12:25 pm Post subject: |
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ok ravi bhai .. actually u didnt mentioned that its a future call, casper bhai always gives cash call so i tracked that.
| Ravi_S wrote: | Ali bhai
Futures has still not gone below 2600... 2625 can be the stop for now.. .We can trail as the trade goes in our favour... Trade still not initiated...
Regards
Ravi |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1214 Posted: Mon Jan 10, 2011 12:27 pm Post subject: |
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| Ravi_S wrote: | | Casper, Monthly S1 for futures is at 2612... So If it closes below that on hourly we can go short... that's my gut feeling... |
yes in future u can short below future chart's monthly s1
im basic member so i have only cash charts
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1215 Posted: Mon Jan 10, 2011 12:27 pm Post subject: |
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ok casper bhai got u,, just inform me when u sell , i'll also make the same postion then.
| casper wrote: | ali bhai, market depth data of video ind shows almost 13k buyers at 210.50
it is the maximum buyer available point in market depth data
more buyers means more support, so we need to break below 210.50 and sustain to sell it |
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