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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: #1711 Posted: Mon Feb 07, 2011 9:24 am Post subject: |
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casper wrote: | 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 |
hi technocalls,
so we have opened with a gap up, let us pray that we close this week in a green manner, (too far at this time, just hoping to see it green on friday in weekly chart to get ur morning star)
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ESNMURTY White Belt
Joined: 31 Oct 2009 Posts: 380
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Post: #1712 Posted: Mon Feb 07, 2011 9:46 am Post subject: |
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Dear sumeshji, How positive is DABUR for long side? please shrare your view..
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technocalls White Belt
Joined: 27 Aug 2010 Posts: 34
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Post: #1713 Posted: Mon Feb 07, 2011 10:29 am Post subject: |
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lets see ...nifty moving arnd 5400 .....better if it cross n hold 5450...still 5 session to go n its a quite long time casper wrote: | casper wrote: | 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 |
hi technocalls,
so we have opened with a gap up, let us pray that we close this week in a green manner, (too far at this time, just hoping to see it green on friday in weekly chart to get ur morning star)
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ali522003 White Belt
Joined: 03 Jul 2010 Posts: 217
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Post: #1714 Posted: Mon Feb 07, 2011 11:30 am Post subject: |
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I think praj will shoot abv 73.90
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ESNMURTY White Belt
Joined: 31 Oct 2009 Posts: 380
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Post: #1715 Posted: Mon Feb 07, 2011 12:42 pm Post subject: Fianantech |
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Dear seniors,
Kindly suggest whether a long position position can be made now at 756[/img]
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1716 Posted: Mon Feb 07, 2011 1:00 pm Post subject: Re: Fianantech |
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ESNMURTY wrote: | Dear seniors,
Kindly suggest whether a long position position can be made now at 756[/img] |
dear mr esnmurty
we have some of the strongest resi at 769
its monthly pivots, in my style of bo/bd. we pay huge respect to weekly/monthly pivots and 34/89 ema
beside this set up is rather ST than an AT
so i wud suggest u to go long only above 769 with a sl below monthly pivot levels
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1717 Posted: Mon Feb 07, 2011 1:02 pm Post subject: |
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and one more request to u
plz dont write the stock name in the post subject
write ur stock name in the msg it self, it will help us to locate the stock name at a glance
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ESNMURTY White Belt
Joined: 31 Oct 2009 Posts: 380
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Post: #1718 Posted: Mon Feb 07, 2011 1:03 pm Post subject: |
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Thank you sir , for your valuable suggestions
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abhideep White Belt
Joined: 17 Jan 2010 Posts: 46
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Post: #1719 Posted: Mon Feb 07, 2011 1:04 pm Post subject: Renuka |
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Hi all
Renuka...sustaining well above 92.4 -- its 200ema... advise please!
Abhiram
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ali522003 White Belt
Joined: 03 Jul 2010 Posts: 217
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Post: #1720 Posted: Mon Feb 07, 2011 1:09 pm Post subject: |
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ali522003 wrote: | I think praj will shoot abv 73.90 |
praj not sustaining abv 73.40. its happening because the MACD is not in buy mode. And untill and unless it came on buy mode we cant see a good BO.
experts are invited to check and verify.
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1721 Posted: Mon Feb 07, 2011 1:11 pm Post subject: |
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albk
dt, on the threshold of breaking down
sell on bd, target aprox 5 rupees, sl a candle close above bd level of 202
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ali522003 White Belt
Joined: 03 Jul 2010 Posts: 217
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Post: #1722 Posted: Mon Feb 07, 2011 1:22 pm Post subject: |
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bata forming DT on 60min can fall upto 8 rs
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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abhideep White Belt
Joined: 17 Jan 2010 Posts: 46
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Post: #1724 Posted: Mon Feb 07, 2011 1:33 pm Post subject: |
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THanks Casper...
needed your views on IDBI as well... Am expecting 121 levels soon! sustaining below 200ema...
Regards
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1725 Posted: Mon Feb 07, 2011 1:43 pm Post subject: |
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abhideep wrote: | THanks Casper...
needed your views on IDBI as well... Am expecting 121 levels soon! sustaining below 200ema...
Regards |
we have some of the strongest supportive levels in idbi
133 as weekly s1 and 129 as monthly s1, so we can expect a meaningful fall just below these levels,
until we reach below 129 by a candle close in 60 min tf, this zone will provide enormous support
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