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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: #2656  Posted: Thu Jun 02, 2011 10:06 am Post subject: |
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| S.S. wrote: | | casper wrote: | a 3rd class gap down happened, if i had some +div set ups , i would say "1st class gap down happened  "
now all my set ups are gone, i think all of us is now in the same boat, try to find +div near support for some easy trades, me too finding and will post as and when i get some |
dada volume is quite less so i thing shorting is not good at this time what do u say? adag stocks doing well |
shaumik,
never short in gap down, try to buy always when u have a +div in 5 min or 60min rsi
never buy on gap up, always try to short at - div in 5-60 min div
this rule works at least 95% time in the market, if u follow it, only at 5% u will get trapped
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2657 Posted: Thu Jun 02, 2011 10:08 am Post subject: Re: PANTALOONR |
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| sumesh_sol wrote: | | sumesh_sol wrote: | PANTALOONR .. 60tf
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Hi Casper,
What do u say about this flag BO.. ADX is as per your recomm. only.. 
Will it work for a tgt of say 280 ? |
280.45 it is today , in this Gap Down market..  |
hii sumesh bhai
congrats!
now u see adx's power?
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2658 Posted: Thu Jun 02, 2011 10:20 am Post subject: |
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as i mentioned yesterday that it was not a proper flag, now i am posting the full version of 60min chart
it has formed a rounding bottom in 60 min, 280 is the break out level, if we manage to close above this then in a few day i guess we can target 320
the tl at the middle zone marks the intermediate top of the formation, after closing above that intermediate top, a fresh buy is generated as a rule, and primary target of bo level of the pattern is kept
now we get up to the bo level, we should sell now as now we are at the strongest level of the pattern and if it sustain above 280 with good volume, we should buy again
(this may happen even in intra, but i always like to play safe and dont take risk much, thats why i always like to sell my holding at strong level and let bulls and bear fight there, when some thing decisive happens i enter like Bollywood movies police force..... only after hero kills villain)
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2659 Posted: Thu Jun 02, 2011 10:31 am Post subject: |
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short bhel below 1930, target 1900 aprx
eod bearish flag pattern
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2660 Posted: Thu Jun 02, 2011 11:06 am Post subject: |
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yes bank-1m 30min
bearish flag
sell below 292 target aprx 288
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #2661 Posted: Thu Jun 02, 2011 11:21 am Post subject: |
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| casper wrote: | yes bank-1m 30min
bearish flag
sell below 292 target aprx 288 |
hi...casper
any s/l??............if it come dwn below 192??
thanks
anand
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2662 Posted: Thu Jun 02, 2011 11:34 am Post subject: RECLTD |
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RECLTD..15tf
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A CLOSE on 15tf above 217.5 can take it to 220 & more...
However, casper , do i need to worry abt ADX here as it is below 30 in 15 tf.. Or do I need to see it in 60 tf where it above 30 ?
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2663 Posted: Thu Jun 02, 2011 11:39 am Post subject: |
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hi anand da, i think sl should be around 294 for yesbank-1m
hi sumesh bhai
we should check only 15tf adx here,
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #2664 Posted: Thu Jun 02, 2011 11:44 am Post subject: |
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| casper wrote: | | S.S. wrote: | | casper wrote: | a 3rd class gap down happened, if i had some +div set ups , i would say "1st class gap down happened "
now all my set ups are gone, i think all of us is now in the same boat, try to find +div near support for some easy trades, me too finding and will post as and when i get some |
dada volume is quite less so i thing shorting is not good at this time what do u say? adag stocks doing well |
shaumik,
never short in gap down, try to buy always when u have a +div in 5 min or 60min rsi
never buy on gap up, always try to short at - div in 5-60 min div
this rule works at least 95% time in the market, if u follow it, only at 5% u will get trapped |
Casper Hello,
It is a breakaway gap. I think one should trade it in the direction of gap.
thanks and regards
ravee
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ronypan
White Belt
Joined: 07 Aug 2010
Posts: 197
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| Post: #2665 Posted: Thu Jun 02, 2011 12:05 pm Post subject: |
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PATELENG HAS GOOD MOVE ABOVE 159
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ronypan
White Belt
Joined: 07 Aug 2010
Posts: 197
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| Post: #2666 Posted: Thu Jun 02, 2011 12:06 pm Post subject: |
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538 TEST...
| ronypan wrote: | | Relcapital looks like to test 538 and 544 |
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ronypan
White Belt
Joined: 07 Aug 2010
Posts: 197
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| Post: #2667 Posted: Thu Jun 02, 2011 12:45 pm Post subject: |
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Moving with volume...
| casper wrote: | | ronypan wrote: | | Whats ur view on TATACOMM??? |
broken out as expected, nice adx too
if it sustain above 34 ema(224) in eod by closing, i will buy for 237- 240 (surely i will) tomorrow |
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S.S.
White Belt
Joined: 09 Feb 2011
Posts: 241
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| Post: #2668 Posted: Thu Jun 02, 2011 12:48 pm Post subject: |
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| ronypan wrote: | 538 TEST...
| ronypan wrote: | | Relcapital looks like to test 538 and 544 |
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also touch ur second target. adag group moving well today
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S.S.
White Belt
Joined: 09 Feb 2011
Posts: 241
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| Post: #2669 Posted: Thu Jun 02, 2011 12:57 pm Post subject: |
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| ronypan wrote: | Moving with volume...
| casper wrote: | | ronypan wrote: | | Whats ur view on TATACOMM??? |
broken out as expected, nice adx too
if it sustain above 34 ema(224) in eod by closing, i will buy for 237- 240 (surely i will) tomorrow |
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all telecom stocks sparkling today
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2670 Posted: Thu Jun 02, 2011 1:38 pm Post subject: |
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hii paaji, if this gap is not filled any time soon then we can consider this a breakaway gap
this gap theory is more useful for positional only, where as my calls are only for intra and some times, btst
so i am almost immune to trend, i just want a directional move for 1-2 hours, that will be enough for my targets
in a gap down, i will prefer to switch to 5 min, will check for a +div and will buy a share for 3-4 rs target,very generally speaking, if a 200 rs share gives us 4 rs, its a solid income (in reality we normally get such 2-3 trades per day, but here i am calculating on only one per day)
in intra, say u invest 10k, u have a leverage of 7-10 times,means u r trading for 70k-1l margin, and u r working with 350-500 shares, which is giving u some where around 1450-2k b4 brok, if after every thing, we make 1k atleast, regularly, it will give us 20k per month, this is huge amount for me paaji!
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