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a layman's approach to break out and break down |
anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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Post: #2461  Posted: Mon Apr 11, 2011 12:59 pm Post subject: Re: BHUSANSTL |
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| sumesh_sol wrote: | BHUSANSTL.. 5tf
*************
Above 485 we can see 490/494..(A close in 5tf. is more conclusive)..
SL 480 |
hi..........sumesh
great..........rocking....................keep rocking
thanks
anand
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2462 Posted: Mon Apr 11, 2011 1:17 pm Post subject: zeel |
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zeel (30tf)
******
I'm expecting 126.5/127.5 above 125
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2463 Posted: Mon Apr 11, 2011 2:43 pm Post subject: Re: zeel |
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| sumesh_sol wrote: | zeel (30tf)
******
I'm expecting 126.5/127.5 above 125 |
Unfortunately market is hugely negative biased, or else these setups were very good , and would have met both the targets easily..
Anyways, first target in both zee & bhusan .. I've booked 75% in both.. rest 25% for either price stop or second target...
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anand1234
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Posts: 830
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| Post: #2464 Posted: Mon Apr 11, 2011 2:48 pm Post subject: Re: zeel |
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| sumesh_sol wrote: | zeel (30tf)
******
I'm expecting 126.5/127.5 above 125 |
hi............sumesh
zeel........................boss keep it up..................rocking
thanks
anand
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #2465 Posted: Mon Apr 11, 2011 7:11 pm Post subject: |
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hi casper
hats off to u brother for ur noble gesture. have no words to express my gratitude. will give it a try! i promise u.
thnxxxxxxxxxx nd
regs
ridinghood
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gambletrader
White Belt
Joined: 24 Feb 2011
Posts: 27
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| Post: #2466 Posted: Tue Apr 12, 2011 5:51 am Post subject: NIFTY |
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Casperbro,
It seems Nifty has broken the support of falling trendline.Can we go for positional short now or do we need to wait one more strong close.? Please comment.
Thanks,
Vkisho
| casper wrote: | | ktpillai wrote: | My studies show on two occasions Nifty spot facing resistance at 76.4% fibo.Also the weekly chart of nifty shows ,nifty honouring the resistance trend line.Will this resistance be violated and nifty will rally further or will nifty honour the resistance and move downward as in the previous occasion  |
hi ktpillai sir
sorry for late reply 
let us see the chart i am posting here, we have a strong resi at the falling trend line, and last week's candle made a sort of "inverted hammer"
or "shooting star" pattern which is indicating that bulls power is diminishing
so we could say, that this resi is honored and we will go down, confirming the bearishness of the market
but, we have a support in weekly chart around this level too, this is around 5790 range,which should give us some relief
but if we consider that we are going down and then taking support on that trend line, then we will have 3 consecutive lower highs which will confirm a bearish trend and if we are really going down with a overall bearish trend, i dont think this channel trendline support will provide much respite to the bulls
so to be safe,
i will suggest, open ur POSITIONAL SHORT only below that support line of 5790 and open your POSITIONAL LONG only above the falling trend line
in between intra trades will be okey but we better not take over night position unless the market fix up its mind and take a proper direction
any more question sir? you r always welcome!
ps; personally i dont trade on weekly chart's basis, some time i refer to this weekly chart only to know about the general trend and decide what to do, if u use weekly chart only for a "confirmation" purpose, then you can safely assume that the pull back from 5300 is over now, its time to book profit and wait for next big moves, and refer to daily chart to pinpoint your entry and exit whereas, this weekly chart will show you the general bias of the market, so, plz read my previous post about daily nifty it may help u to understand the possibilities ahead |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2467 Posted: Tue Apr 12, 2011 5:51 pm Post subject: |
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positional trades costs more money as sl and needs lot of patience, both i lack
but below 5770 the following levels we can see
5750,5720,5684,5650
u can use them as ur targets
tomorrow,there is a possibility to go up and cover the gap, but if we do not do that then i think we are going down for sure....just a personal belief (i am not good in positional trade)
ps spot levels are given
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senthilkumar2222
White Belt
Joined: 22 Dec 2010
Posts: 32
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| Post: #2468 Posted: Wed Apr 13, 2011 6:16 am Post subject: hi |
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Hi Tushar Thambi!!!!!!!!!!!!!!!!
Your intra as well positional numbers always rocks man.
Thanx & Regards
Senthilkumar.V
Coimbatore
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2469 Posted: Wed Apr 13, 2011 7:57 am Post subject: |
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chetan bhaiyya, rajeev, senthil anna!!!
thanks for ur love and support
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deepakms
White Belt
Joined: 13 Aug 2009
Posts: 194
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| Post: #2470 Posted: Wed Apr 13, 2011 9:26 am Post subject: |
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Indusind Bank on 60 min Tf .....above 278.50 should BO for a 6 to 10 rupee gain.
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2471 Posted: Wed Apr 13, 2011 9:34 am Post subject: |
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| deepakms wrote: | | Indusind Bank on 60 min Tf .....above 278.50 should BO for a 6 to 10 rupee gain. |
rocking deepak, nice one
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deepakms
White Belt
Joined: 13 Aug 2009
Posts: 194
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| Post: #2472 Posted: Wed Apr 13, 2011 9:42 am Post subject: |
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thnx Casper......learnt a lot from you and Somesh.
Rgds
Deepak
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2473 Posted: Wed Apr 13, 2011 10:28 am Post subject: HEXAWARE |
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HEXAWARE
***********
Above 72.4 Can reach 73.5.. SL 71.8
dewahous also looks good to me.. (can reach 275)
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casper
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Joined: 02 Oct 2010
Posts: 1315
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| Post: #2474 Posted: Wed Apr 13, 2011 10:43 am Post subject: Re: HEXAWARE |
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| sumesh_sol wrote: | HEXAWARE
***********
Above 72.4 Can reach 73.5.. SL 71.8
dewahous also looks good to me.. (can reach 275) |
sumesh bhai
plz check dewan hou in eod
flag bo i think, target should be 280 positionally
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casper
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Joined: 02 Oct 2010
Posts: 1315
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| Post: #2475 Posted: Wed Apr 13, 2011 11:47 am Post subject: |
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| casper wrote: | positional trades costs more money as sl and needs lot of patience, both i lack
but below 5770 the following levels we can see
5750,5720,5684,5650
u can use them as ur targets
tomorrow,there is a possibility to go up and cover the gap, but if we do not do that then i think we are going down for sure....just a personal belief (i am not good in positional trade)
ps spot levels are given |
Monday's gap is covered, price is resting at the eod down tl now
if it does not breaks above that down trend-line and sustain above that, we can not be bullish positionally, we will hv the chance of going down as long as we stay below that eod trend line
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