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a layman's approach to break out and break down
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a layman's approach to break out and break down

casper
Green Belt

Joined: 02 Oct 2010
Posts: 1315

Post: #2311

Posted: Tue Mar 29, 2011 10:48 am Post subject: Re: DIVERGENCE IN AXISBANK 60 TF

shaadoo wrote:

HI CASPER

THR IS A DIVERGEN SEEN IN AXISBANK 60 TF. REPLY ME WHAT TO DO.

SHAADOO

hi brother

its a c class div i guess....weakest among all kinds of div, so not so strong sell signal, if one is long in axis, he can use it for profit booking

for ur better understanding and trend management i am giving a few thumb rules

1. dont sell on - div in bull run.... use it for profit booking, coz it normally gives choppy moves instead of shorting chance

2.dont buy on +div in bear phase, coz its not a sign of so called sure shot up move, where also it can become choppy

3.whenever u find any divergence trade make sure

i) u got strong support just below the +div in order to buy
ii) u got strong resi just above the - div

strong supports can be

monthly piv and associated levels, weekly pivs and associated levels. fib level and 34/89 ema

its not holi grail but it will help u to filter out bad trades from good ones

ss and bassan replying both of plz dont mind for delay..... Very Happy

casper
Green Belt

Joined: 02 Oct 2010
Posts: 1315

Post: #2312

Posted: Tue Mar 29, 2011 10:59 am Post subject: Re: L&T D/TL B/O

bassan wrote:

HI Casper,
Attached L&T EOD Chart.Is it DTL B/O?
Tgt pls.

hi bassan

i cud not understand wht u say by dtl bo

but its forming a Chanel in eod, our target should be 1675-1685-1700 range above 1700 we need a break to sustain up move

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singh.ravee
Yellow Belt

Joined: 12 Aug 2010
Posts: 678

Post: #2313 Posted: Tue Mar 29, 2011 11:00 am Post subject:

sumesh negative divergence in itc 60min. kindly factor that before initiating a trade in itc regards ravee

bassan
White Belt

Joined: 01 Dec 2009
Posts: 57

Post: #2314 Posted: Tue Mar 29, 2011 11:02 am Post subject:

Thanks Casper

sumesh_sol
Brown Belt

Joined: 06 Jun 2010
Posts: 2344

Post: #2315

Posted: Tue Mar 29, 2011 11:05 am Post subject: recltd

recltd
*********
Broke DT.. -ve NVK on top.
LTP 244.35, Target can be 242

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casper
Green Belt

Joined: 02 Oct 2010
Posts: 1315

Post: #2316

Posted: Tue Mar 29, 2011 11:21 am Post subject:

S.S. wrote:

Casper sir / raveebhai
first of all apologies from my side. i just want to put my view on tata steel. plz forgive me. i dare to put my view bcoz i want to learn the right thing and the correct method of viewing the chart. so its just my opinion ….whether its right or wrong that u TA guru will decide….

hii ss

plz dont call me casper sir... i am ur brother Very Happy

dont hesitate to put on ur view directly without any fear, any of us could be wrong, that is not a sin, sin is not exploring whats wrong and not rectifying that

t.a. is all about logic , which develops out of ur experience, here is no body who knows all, every one commits mistakes but the key of success is how fast u r rectifying ur self

at times, me too commit wrongs and then i rectify myself, take the case of nifty move, i was suspicious and hence never thought of going long in nifty, but nifty darling went against my expectation...so i am changing my stance ..... but that tooo when my signal is coming i am getting reason to believe, i am going long and when my reason is going out i am covering my positions
Very Happy

as of tisco, did u noticed, instead of such a bull run tisco is still "badnaam"

, i dont know who, but there must be a chulbul pandey behind the scene for whom tisco badnaam hui....

looks like if it were not so bullish market, tisco wud hv broken down already
now going by that bearish flag, if tisco breaks down lower tl wid good vol, and crossed weekly levels and ema, we can expect a good down fall too

thats my logic behind the plan of going short

anand1234
Yellow Belt

Joined: 17 Jul 2010
Posts: 830

Post: #2317

Posted: Tue Mar 29, 2011 11:27 am Post subject:

casper wrote:

S.S. wrote:

hii ss

plz dont call me casper sir... i am ur brother Very Happy

as of tisco, did u noticed, instead of such a bull run tisco is still "badnaam"

hi......casper

any tgt for tisco in dwn trend is it break 600??...........pls guide me

thanks
anand

casper
Green Belt

Joined: 02 Oct 2010
Posts: 1315

Post: #2318 Posted: Tue Mar 29, 2011 11:38 am Post subject:

if tisco breaks down below 606, we can have a target of 602 for intra and for positional i guess it should be 590-585

sumesh_sol
Brown Belt

Joined: 06 Jun 2010
Posts: 2344

Post: #2319

Posted: Tue Mar 29, 2011 11:40 am Post subject:

casper wrote:

if tisco breaks down below 606, we can have a target of 602 for intra and for positional i guess it should be 590-585

This is what I like... If a question thread gets too long, we should post a "new" message like this as it removes lot of clutter, u can always refer below for reference.. I request all to follwo this...

Thanks,

casper
Green Belt

Joined: 02 Oct 2010
Posts: 1315

Post: #2320

Posted: Tue Mar 29, 2011 11:43 am Post subject:

by da way purely for a btst, we can buy hindpetro around 342-344 with sl 340 stricktly and can buy in small qty , average as it goes down (if goes down ) for a target of 350-355 in best case up to 360

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casper
Green Belt

Joined: 02 Oct 2010
Posts: 1315

Post: #2321

Posted: Tue Mar 29, 2011 11:44 am Post subject:

sumesh_sol wrote:

casper wrote:

if tisco breaks down below 606, we can have a target of 602 for intra and for positional i guess it should be 590-585

yes

though i am quoting this but some times quotation and multi-quotation looks really nasty

ali522003
White Belt

Joined: 03 Jul 2010
Posts: 217

Post: #2322

Posted: Tue Mar 29, 2011 11:53 am Post subject:

hcl tech forming dt on 15tf
should short below 34ema i.e. 475 for tgt 470

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anand1234
Yellow Belt

Joined: 17 Jul 2010
Posts: 830

Post: #2323

Posted: Tue Mar 29, 2011 12:24 pm Post subject:

ali522003 wrote:

hcl tech forming dt on 15tf
should short below 34ema i.e. 475 for tgt 470

hi..........ali

hcl tech activeted....any s/l??

thanks
anand

ronypan
White Belt

Joined: 07 Aug 2010
Posts: 197

Post: #2324

Posted: Tue Mar 29, 2011 12:26 pm Post subject: IVRCLINFRA

IVRCLINFRA CLOSING ABOVE 82 WILL TEST 103

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anand1234
Yellow Belt

Joined: 17 Jul 2010
Posts: 830

Post: #2325

Posted: Tue Mar 29, 2011 12:39 pm Post subject:

ali522003 wrote:

hcl tech forming dt on 15tf
should short below 34ema i.e. 475 for tgt 470

hi.........ali I short hcl tech @ 474.5.......now 478.............wt shd I do wait for tgt or exit??..............pls guide me

thanks
anand

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