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a layman's approach to break out and break down |
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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Post: #1756  Posted: Tue Feb 08, 2011 2:32 pm Post subject: Re: herohonda 15TF 2 |
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| sumesh_sol wrote: | herohonda 15TF
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Again seems to be making DT.. I will go short below 1535 for 1520 Sl above 5 EMA in 15 tf, (which is currently 1547, it may change)
-Sumesh
MURTI : Cummins, I'm not sure as it is not exactly consolidating at high (640)... You can take yr decision... |
Covered at 1526, as on 5tf, it seems to be making base at around this level..
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1757 Posted: Tue Feb 08, 2011 4:10 pm Post subject: Tatapower 60tf |
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Tatapower 60tf
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Tatapower took support on Monthly S1. It is making H&S pattern on hourly .. Tomorrow if it take a BO above neckline it can zoom to 1300 in a day or two...
I think it will be safe to enter above 1240, It is running above 5/13/34 EMAs and 50 SMA on 60tf... There will be a resistance in terms of 89 EMA at around 1255, beyond that 1290-1300 is the target.
Same levels are seems in EOD chart also ...
-Sumesh
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1758 Posted: Tue Feb 08, 2011 4:29 pm Post subject: MPHASIS eod |
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MPHASIS eod
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MPHASIS on eod chart looks weak.. RSI & MACD are in negative zone... The stock is under pressure from all EMAs . It is likely to break below 630. If it crosses 625 convincingly(200 SMA) then 600 is achievable..
-Sumesh
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technocalls
White Belt
Joined: 27 Aug 2010
Posts: 34
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| Post: #1759 Posted: Wed Feb 09, 2011 12:29 am Post subject: |
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abgshipyard blow 323 might be in trouble .....breaks 200 DMA and DT
experts inputs plz....
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #1760 Posted: Wed Feb 09, 2011 9:33 am Post subject: |
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| DEAR sumeshji, Kindly give your opinion on shorting BRFL now at 234
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #1761 Posted: Wed Feb 09, 2011 9:36 am Post subject: |
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casper hello,
hope u r doing gr8.
These days as and when i get some free time I read ur posts. U really take lot of pain in disseminating information to others.
By the way, I was just thinking why u dont trade in futures. Since I trade only in futures, I find them as better than stocks. Margin money required is not big these days. Even with 10k one can trade mini-nifty. The benefit that i saw with futures is that u can play on long and short both sides. Also u can carry ur positions. I am not telling u anything new, I know u already knew it.
May be well defined triangles can be used to play futures. Tatamotors in the first few minutes of todays trade is close to 1080; around 40pts down from yesterday's level. Although I am not trading it. Point is one can get these kind of big rides on futures. Don't worry about failed patterns, for that we have stop loss.
Just an idea that flashed my mind.
Happie Trading to u and all the guys.
Ravi and sherbaaz bhai also seems to be struck in good trades. No new posts from them.
keep posting atleast someone get to know about ur well being.
Thanks and regards
ravee
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #1762 Posted: Wed Feb 09, 2011 10:04 am Post subject: |
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singh.ravee, I'm not a regular trader, but watch the market often... My work wouldn't allow me to trade and monitor the market continuosly. Yes Sherbaaz bhai is a full time trader and I'm sure he would be busy with his trades during market hours... Keep posting your research... 
Regards
Ravi
| singh.ravee wrote: | casper hello,
hope u r doing gr8.
These days as and when i get some free time I read ur posts. U really take lot of pain in disseminating information to others.
By the way, I was just thinking why u dont trade in futures. Since I trade only in futures, I find them as better than stocks. Margin money required is not big these days. Even with 10k one can trade mini-nifty. The benefit that i saw with futures is that u can play on long and short both sides. Also u can carry ur positions. I am not telling u anything new, I know u already knew it.
May be well defined triangles can be used to play futures. Tatamotors in the first few minutes of todays trade is close to 1080; around 40pts down from yesterday's level. Although I am not trading it. Point is one can get these kind of big rides on futures. Don't worry about failed patterns, for that we have stop loss.
Just an idea that flashed my mind.
Happie Trading to u and all the guys.
Ravi and sherbaaz bhai also seems to be struck in good trades. No new posts from them.
keep posting atleast someone get to know about ur well being.
Thanks and regards
ravee |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #1763 Posted: Wed Feb 09, 2011 10:13 am Post subject: |
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hi....sumesh
again xclent call sunpharma................rockiiiiiiiiiiiiing now 413 from 400
thanks & keep posting
thanks
anand
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1765 Posted: Wed Feb 09, 2011 10:25 am Post subject: TATAPOWER 15tf.. |
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TATAPOWER 15tf..
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May break DT on 15 tf.. I will go short below 1189 for 1175 only for INTRA..
MURTI : No Idea brother abt BRFL... Not my kind of pattern
Anand : Yes, Sunpharma is soaring today, but I had to maintain my discipline and was stopped out yesterday itself.. Sometimes, you miss on rally like this, but many times SL saves your life...
-Sumesh
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #1766 Posted: Wed Feb 09, 2011 10:30 am Post subject: |
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| Shorted at 234 and covered at 230.5 Sumeshji
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #1767 Posted: Wed Feb 09, 2011 10:32 am Post subject: |
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hi...........sumesh
thanks for ur advice..........any s/l for tatapower if breach dwn below 1189...........ur comments is needed
thanks
anand
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #1768 Posted: Wed Feb 09, 2011 10:38 am Post subject: |
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| anand1234 wrote: | hi...........sumesh
thanks for ur advice..........any s/l for tatapower if breach dwn below 1189...........ur comments is needed
thanks
anand |
Let it break first... !
I may keep as 15 minutes candle close above 5ema OR cross above 34 ema (whichever is earlier)... However, we may revise as and when events unfold...
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #1769 Posted: Wed Feb 09, 2011 11:22 am Post subject: |
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| Dear Sumeshji, Panacea bio can be shorted for a target of 175.Kindly advise[[/list]
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #1770 Posted: Wed Feb 09, 2011 11:35 am Post subject: |
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| ali522003 wrote: | I am very happy today cuz i traded on my own trade, last night i mailed this to casper bhai..
Thnks a ton for teaching me eaach and evry step like spoon feeding..
i am so much greatfull to you.
Please always share your expertise  |
Ali, congrats for your trade.
regards
ravee
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