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a layman's approach to break out and break down |
ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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Post: #1696  Posted: Fri Feb 04, 2011 3:10 pm Post subject: |
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| Sumeshji, How good is to short PUNJLLOYD at 90 for 88
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1697 Posted: Fri Feb 04, 2011 3:14 pm Post subject: |
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| ESNMURTY wrote: | | Sumeshji, How good is to short PUNJLLOYD at 90 for 88 |
It may meet your target as mkt is extremly weak today, but RSI is rising in 60 tf, so I would have avoided it...
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #1698 Posted: Fri Feb 04, 2011 3:17 pm Post subject: |
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| Thank you..
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #1699 Posted: Fri Feb 04, 2011 3:23 pm Post subject: |
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| Covered PUNJ at 88.90 after shorting at 90.10
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1700 Posted: Fri Feb 04, 2011 3:27 pm Post subject: |
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| ESNMURTY wrote: | | Covered PUNJ at 88.90 after shorting at 90.10 |
Murty seems to be enjoying his field day today.. 
Congratulations ! Few can win in this market....
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #1701 Posted: Fri Feb 04, 2011 3:34 pm Post subject: |
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| Thanks for guidance and still in the ABC of learning.and thanks for all the timely replies once again.
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #1702 Posted: Fri Feb 04, 2011 5:40 pm Post subject: |
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Casper,
I am pleased to share my best trade till date. Its in hindalco on 60min tf.
I saw an evening star, opened a short with tgt of 38% FIBO, covered there.
I am thankful to You(Casper), Ravi, Sherbaaz (in alphabetical order) for all support and guidance.
Keep Sharing
Regards
Ravee
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #1703 Posted: Fri Feb 04, 2011 10:06 pm Post subject: |
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Hi Ravee, congrats... There is one difference I see between you and ali... You try to learn new things and come up with your own analysis and then ask experts but ali bhai is solely dependent on others research/calls. Ali no offence intended... But it's always better to learn how to fish rather than getting a fish daily from someone for living.. BTW why should you be thankful to me? 
I know a lot of people out here personally, many of them share their strategies/suggesions with me.. but i know a few who do trade but dont' disclose their strategies... You should thank people like Spec/Saikat/Jimmie/Shekar/Chrome/Sumesh/Casper/Sherbaaz, who discuss their strategies and tirelessly reply to all the queries posted here and help people like us in improving our knowledge...
Remember I just started a thread yesterday on short covering and look at the response you've got.
Regards
Ravi
| singh.ravee wrote: | Casper,
I am pleased to share my best trade till date. Its in hindalco on 60min tf.
I saw an evening star, opened a short with tgt of 38% FIBO, covered there.
I am thankful to You(Casper), Ravi, Sherbaaz (in alphabetical order) for all support and guidance.
Keep Sharing
Regards
Ravee |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1704 Posted: Sat Feb 05, 2011 12:00 am Post subject: |
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| singh.ravee wrote: | Casper,
I am pleased to share my best trade till date. Its in hindalco on 60min tf.
I saw an evening star, opened a short with tgt of 38% FIBO, covered there.
I am thankful to You(Casper), Ravi, Sherbaaz (in alphabetical order) for all support and guidance.
Keep Sharing
Regards
Ravee |
may the HOLY MOTHER bless u with more and more success and may u be able to spread the knowledge u r gathering from ur seniors to all those who are yet come in this wonderful world of technical analysis
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technocalls
White Belt
Joined: 27 Aug 2010
Posts: 34
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| Post: #1705 Posted: Sat Feb 05, 2011 12:49 am Post subject: |
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hi everyone,
After loosing almost 100 points in last 1 hr ..what should be the possible support area for nifty in next few days or say next week ??? does nifty get any support arnd 5350-5340 and 5310-5290 range ……most of the index base stocks looks weak …so to hold ths levels for nifty looks difficult but if we look at weekly chart arnd 5300 nifty had a good support…..
What experts think abt it ….plz share….
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #1706 Posted: Sat Feb 05, 2011 12:08 pm Post subject: |
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| I am not an expert but what I think is that nifty may make a bottom this week and go up from 14 feb.
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1707 Posted: Sat Feb 05, 2011 2:13 pm Post subject: |
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| technocalls wrote: | hi everyone,
After loosing almost 100 points in last 1 hr ..what should be the possible support area for nifty in next few days or say next week ??? does nifty get any support arnd 5350-5340 and 5310-5290 range ……most of the index base stocks looks weak …so to hold ths levels for nifty looks difficult but if we look at weekly chart arnd 5300 nifty had a good support…..
What experts think abt it ….plz share…. |
i know very little, understand even more little, here is what i know
1. we are back on our lunching pad from where we went to make high
2.we have a + div in daily nifty chart
3. we have highest open interest on 5400 call and 5200 puts
4. yesterday the change of nifty OI is 2891050 (+ oi)
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technocalls
White Belt
Joined: 27 Aug 2010
Posts: 34
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1709 Posted: Sat Feb 05, 2011 7:08 pm Post subject: |
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| technocalls wrote: | | this little is enough for people like us casperbhai.....keep dropping little knowledge every time......bund bund se sagar bharta haiii... one thing i want to share and i have doubt that what i saw on nifty weekly chart the last two candle first one is negative dt candle second one is not exact a doji but almost.....then weekly chart may creat morning star(if we consider as doji) ....or second thing can the last candle consider as inverted hammer????... any of it is correct???? whats your view guys ....????? |
once upon a time, when i really did not know how to draw a tl also, i started my trading with the help of candle stick alone 
now i am out of practice, besides, sherbaaz bhai and ravee is trading and experimenting candle stick trading so they can provide u more clear picture,
but its looks like a inverted hammer, and if next week becomes a green week, and opens with a gap up then i am ready accept the total formation as a morning star pattern
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #1710 Posted: Sat Feb 05, 2011 7:53 pm Post subject: |
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Dear Technocalls,
Its a star in Nifty weekly chart.
Its the first hint of bottom. However, its incomplete as of now. So no logical conclusion can be drawn from it till the end of next week.
Its good u posted the chart because my mind was tuned for some more downside. Now I need to rethink.
Thanks and Regards
Ravee
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