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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: #1606  Posted: Thu Feb 03, 2011 8:53 am Post subject: |
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| singh.ravee wrote: | casper,
actual breakout in banknifty 60min is on down side. price again got rejected from 35ema= 10600. a good support is at 10370-10400.
i think below 10370 one can target around 200pts in banknifty.
regards
ravee |
hii ravee
dont forget this version also, we are on neck line now
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #1607 Posted: Thu Feb 03, 2011 8:59 am Post subject: |
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Ref: bank nifty h&s
since volume is not available for bank nifty. and we both use basic chart so no data pertaining to open interest available
is there any other method by which we can confirm the volume aspect of head and shoulder or the shape in itself is sufficient for 60min tf.
regards
ravee
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1608 Posted: Thu Feb 03, 2011 9:51 am Post subject: Re: HLL 60TF.... |
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| sumesh_sol wrote: | HLL 60TF....
*****************
AT in 60 tf..
Above 277 it can go upto 280 ....
-Sumesh |
Looking promising ....
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #1609 Posted: Thu Feb 03, 2011 10:00 am Post subject: |
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hi..........sumesh bhai......
great call boss hll.............rockkkkkkkkking...........
pls keep such posting.............
thanks a lot
anand
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1610 Posted: Thu Feb 03, 2011 10:02 am Post subject: HINDALCO |
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HINDALCO
**************
If it breaks 240 and sustains it then it is a very good BO....Running over all imp. EMAs both in hourly as well as EOD charts..
-Sumesh
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1611 Posted: Thu Feb 03, 2011 10:17 am Post subject: adanient |
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adanient
***********
Above 603 , we can see 612 & 622..
-Sumesh
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1612 Posted: Thu Feb 03, 2011 10:22 am Post subject: |
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| hindalco bought
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #1613 Posted: Thu Feb 03, 2011 10:25 am Post subject: |
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hi........sumesh any tgt for hindalco??
thanks
anand
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1614 Posted: Thu Feb 03, 2011 10:25 am Post subject: |
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| wat should be the tgt sumesh bhai
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1615 Posted: Thu Feb 03, 2011 10:26 am Post subject: |
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| anand1234 wrote: | hi........sumesh any tgt for hindalco??
thanks
anand |
I've also bought it , and waiting it to cross 242 convincingly.. then we can see 247/249.. but better kep trailing...
To be on safer side, I've booked here.. and will enter double qty above 242..
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #1616 Posted: Thu Feb 03, 2011 10:45 am Post subject: |
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hi.......sumesh
I bought hindalco @242.3...............is it ok for to day??
pls guide me
thanks
anand
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1617 Posted: Thu Feb 03, 2011 10:48 am Post subject: |
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| anand1234 wrote: | hi.......sumesh
I bought hindalco @242.3...............is it ok for to day??
pls guide me
thanks
anand |
Anand bhai, we as a trader play the probability game, we can never be 100% sure.. So that way, yes even I bought at 242.3, and now *hoping* that hourly candle close is above 241 or at least 240... then chances are even better....
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1618 Posted: Thu Feb 03, 2011 11:03 am Post subject: |
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| are u still hlding hindalco sumesh bhai
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1619 Posted: Thu Feb 03, 2011 11:07 am Post subject: |
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| ali522003 wrote: | | are u still hlding hindalco sumesh bhai |
I bought it on 242.3 and my Sl is hourly close below 5ema (which is roughly 239) and my targets are 247 & 249..
This means I'm risking 3 rs. for gain of 4/7 rs. which is OK with me...
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1620 Posted: Thu Feb 03, 2011 11:09 am Post subject: |
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| sumesh_sol wrote: | | ali522003 wrote: | | are u still hlding hindalco sumesh bhai |
I bought it on 242.3 and my Sl is hourly close below 5ema (which is roughly 239) and my targets are 247 & 249..
This means I'm risking 3 rs. for gain of 4/7 rs. which is OK with me... |
ok fine, i bought 1 lot at 241.. currently in profit and my tgt is aroung 245
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