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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: #2086  Posted: Wed Mar 09, 2011 1:14 pm Post subject: |
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| singh.ravee wrote: | Casper Bhai,
in this l&t eod chart in the area marked in rectangle, observe very high volume. does it reflect, what normally is referred as bottom fishing. Mean a big upmove is waiting.
Kindly clarify
thanks and regards
ravee |
need to really think if it fresh buying or not, i will check OI data for that and will update in forum and personally u too
just glancing at the chart i feel some body has covered shorts
we are falling here from 2100 levels gradually and after 6th january, we had a sort of h/s bd
so i guess (just guess) so many short was there, some body is covering the shorts
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as4manju
White Belt
Joined: 22 Mar 2007
Posts: 390
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| Post: #2087 Posted: Wed Mar 09, 2011 2:04 pm Post subject: |
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Wel ravi..
If u remeber before i went on vaccation i gave a list of stock and long term support where on can enter the stocks for investments and LT did feature in the list and the level that was given was also 1480 and this levels is the support zone in ur graph also so some know something that we dont know....
Even i also waiting this time for the dip to 1500 levels to buy the stock..
Regards
Manju
| casper wrote: | | singh.ravee wrote: | Casper Bhai,
in this l&t eod chart in the area marked in rectangle, observe very high volume. does it reflect, what normally is referred as bottom fishing. Mean a big upmove is waiting.
Kindly clarify
thanks and regards
ravee |
need to really think if it fresh buying or not, i will check OI data for that and will update in forum and personally u too
just glancing at the chart i feel some body has covered shorts
we are falling here from 2100 levels gradually and after 6th january, we had a sort of h/s bd
so i guess (just guess) so many short was there, some body is covering the shorts |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #2088 Posted: Wed Mar 09, 2011 2:42 pm Post subject: Re: Nationalum |
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| sumesh_sol wrote: | Nationalum .. 5tf..
DT
Below 463 , we can see 458. Already nvk on top.. breaking this will confirm.. |
hi........sumesh
I sold national 462.7..............can I get 460 by to day............any s/l is req.??...........pls comments on this
thanks
anand
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2089 Posted: Wed Mar 09, 2011 2:44 pm Post subject: Re: Nationalum |
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| anand1234 wrote: | | sumesh_sol wrote: | Nationalum .. 5tf..
DT
Below 463 , we can see 458. Already nvk on top.. breaking this will confirm.. |
hi........sumesh
I sold national 462.7..............can I get 460 by to day............any s/l is req.??...........pls comments on this
thanks
anand |
Target 460/458 & Stoploss 465 both are possible today itself 
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #2090 Posted: Wed Mar 09, 2011 2:49 pm Post subject: Re: Nationalum |
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| sumesh_sol wrote: | | anand1234 wrote: | | sumesh_sol wrote: | Nationalum .. 5tf..
DT
Below 463 , we can see 458. Already nvk on top.. breaking this will confirm.. |
hi........sumesh
I sold national 462.7..............can I get 460 by to day............any s/l is req.??...........pls comments on this
thanks
anand |
hi.........sumesh
thanks for ur comments
thanks
anand
Target 460/458 & Stoploss 465 both are possible today itself |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2091 Posted: Wed Mar 09, 2011 3:24 pm Post subject: Re: Nationalum |
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| anand1234 wrote: | | sumesh_sol wrote: | | anand1234 wrote: | | sumesh_sol wrote: | Nationalum .. 5tf..
DT
Below 463 , we can see 458. Already nvk on top.. breaking this will confirm.. |
hi........sumesh
I sold national 462.7..............can I get 460 by to day............any s/l is req.??...........pls comments on this
thanks
anand |
Anand happy ??? 460/458 today itself..
But I feel sorry for those guys who are playing FnO in this.. as there is virtually no movement in FnO price w.r.t Spot...
hi.........sumesh
thanks for ur comments
thanks
anand
Target 460/458 & Stoploss 465 both are possible today itself |
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #2093 Posted: Wed Mar 09, 2011 10:18 pm Post subject: |
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Dear Ravi Sir
would u pl give target for nifty as per this pennant pattern?
regards
ridinghood
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #2094 Posted: Thu Mar 10, 2011 7:09 am Post subject: |
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According to me it should retest the lows i.e around 5170 - 5200... Lets see how it takes shape...
| Ravi_S wrote: | NF is forming a massive pennant in daily  Any takers? |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #2095 Posted: Thu Mar 10, 2011 9:27 am Post subject: |
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thank u ravi sir for ur response
regs
ridinghood
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2096 Posted: Thu Mar 10, 2011 9:58 am Post subject: Ambujacem |
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Ambujacem
************
AT on 5tf..
Above 129 BO.. tgt can be 130.5 +
| Description: |
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| Filesize: |
16.12 KB |
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203 Time(s) |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2097 Posted: Thu Mar 10, 2011 10:48 am Post subject: Canbk |
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Canbk .. 5tf..
*************
AT..
canbk above 611.. can go 615 above that 625
Sl below 604
| Description: |
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| Filesize: |
15.5 KB |
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199 Time(s) |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2098 Posted: Thu Mar 10, 2011 12:19 pm Post subject: Aban |
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Aban ..10 tf
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Aban if CLOSES on 10 tf above 620 , can reach 626 & 635
| Description: |
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| Filesize: |
16.04 KB |
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193 Time(s) |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2099 Posted: Thu Mar 10, 2011 12:30 pm Post subject: SBIN..10TF |
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SBIN..10TF
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Another AT..
Above 2590 close, BO can take it to 2606 & 2620..
(I generally book 30% at first level and rest 70% at second)
| Description: |
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| Filesize: |
13.75 KB |
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193 Time(s) |
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #2100 Posted: Thu Mar 10, 2011 12:41 pm Post subject: |
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sumesh_sol
kindly check action of sbi in 60min before taking any decision
thanks and regards
ravee
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