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a layman's approach to break out and break down |
as4manju
White Belt
Joined: 22 Mar 2007
Posts: 390
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Post: #1216  Posted: Mon Jan 10, 2011 12:28 pm Post subject: |
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SBIN is near the long term trend line support level around 2600 on EOD charts so be catuios on the short trades..
Regards
Manju
| casper wrote: | | 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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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1217 Posted: Mon Jan 10, 2011 12:36 pm Post subject: |
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thanks for update manju
we are waiting to sell it if it sustain below that level only
i think it could lead to major fall if this level is breached
plz share ur views
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1218 Posted: Mon Jan 10, 2011 1:09 pm Post subject: |
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sbin going to touch s1 plz waitch out
we can sell if it breaks monthly s1 in cash/fut chart
for cash it will be 2585 level. its days low so far
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1219 Posted: Mon Jan 10, 2011 1:10 pm Post subject: |
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casper bhai be watchful on sbi cmong to our levels ,, do tell when to trade
| casper wrote: | thanks for update manju
we are waiting to sell it if it sustain below that level only
i think it could lead to major fall if this level is breached
plz share ur views |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1220 Posted: Mon Jan 10, 2011 1:14 pm Post subject: |
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yes ali bhai. just updated that
if it breaks below 2585 in cash, we can short it for 50 pts aprox
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1221 Posted: Mon Jan 10, 2011 1:17 pm Post subject: |
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stoploss?
| casper wrote: | yes ali bhai. just updated that
if it breaks below 2585 in cash, we can short it for 50 pts aprox |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1222 Posted: Mon Jan 10, 2011 1:23 pm Post subject: |
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sterlinbio
i will sell if it breaks below 100.50
target 2 rupees only
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1223 Posted: Mon Jan 10, 2011 1:24 pm Post subject: |
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| ali522003 wrote: | stoploss?
| casper wrote: | yes ali bhai. just updated that
if it breaks below 2585 in cash, we can short it for 50 pts aprox |
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hv not shorted yet. sell below 2585
sl should be a close above this level
i will update if it breaks
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1224 Posted: Mon Jan 10, 2011 1:28 pm Post subject: |
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will do it too... lets hope fr the best
| casper wrote: | sterlinbio
i will sell if it breaks below 100.50
target 2 rupees only |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1225 Posted: Mon Jan 10, 2011 1:43 pm Post subject: |
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a contra set up. infosys
ascending triangle
buy above weekly pivot . in cash it is 3415
target aprox 3450
sl a candle close below the bo level
hv not broken out yet, will buy if broken out only
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1226 Posted: Mon Jan 10, 2011 2:02 pm Post subject: |
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selling sbin in cash
broken from piv
now at 2580, pivot is 2585
any close above this level is sl
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #1227 Posted: Mon Jan 10, 2011 2:04 pm Post subject: |
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Same here shorted at 2603... Lets wait and c...
| casper wrote: | selling sbin in cash
broken from piv
now at 2580, pivot is 2585
any close above this level is sl |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1228 Posted: Mon Jan 10, 2011 2:07 pm Post subject: |
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| Ravi_S wrote: | Same here shorted at 2603... Lets wait and c...
| casper wrote: | selling sbin in cash
broken from piv
now at 2580, pivot is 2585
any close above this level is sl |
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we are on same boat!!!!!!!! 
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1229 Posted: Mon Jan 10, 2011 2:07 pm Post subject: |
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missed some internet issue. shittt mann
| Ravi_S wrote: | Same here shorted at 2603... Lets wait and c...
| casper wrote: | selling sbin in cash
broken from piv
now at 2580, pivot is 2585
any close above this level is sl |
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1230 Posted: Mon Jan 10, 2011 2:14 pm Post subject: |
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can i short now on levels,, please reply fast
| ali522003 wrote: | missed some internet issue. shittt mann
| Ravi_S wrote: | Same here shorted at 2603... Lets wait and c...
| casper wrote: | selling sbin in cash
broken from piv
now at 2580, pivot is 2585
any close above this level is sl |
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