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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: #2911 Posted: Wed Nov 09, 2011 3:49 pm Post subject: ROLTA |
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ROLTA..60tf
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DT..
LTP-79.15 ..... Tgt can be 76, and SL can be close abv 80
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #2912 Posted: Wed Nov 09, 2011 4:01 pm Post subject: TATAMOTORS |
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TATAMOTORS..60tf
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Another DT..
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #2914 Posted: Wed Nov 09, 2011 6:56 pm Post subject: |
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #2915 Posted: Wed Nov 09, 2011 7:48 pm Post subject: ADVANTA |
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ADVANTA..eod
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Beautiful Breakout on EOD chart.. Running above 34 ema..
LTP-442. Target can be 480/520. SL is as always close below BO candle low.
-----Sumesh
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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vishytns White Belt
Joined: 26 Nov 2009 Posts: 206
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Post: #2917 Posted: Wed Nov 09, 2011 8:15 pm Post subject: |
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rk_a2003 wrote: | Nifty Gap filled after 7 trading day's.
This appears to be a case of Island reversal failure.( Casper anticipated this well in advance )
Island reversal formed with the heightened hope of resolution of Greece debt crisis and now cascading effect on Italy poked it's ugly head resulting the filling up of the Gap.
That's why it was said "Fundamentals Prevail" .
And How do a TA geek Casper know about this.... that too well in advance.... |
Becoz casper is the operator of Italian bonds...
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S.S. White Belt
Joined: 09 Feb 2011 Posts: 241
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Post: #2918 Posted: Thu Nov 10, 2011 12:32 am Post subject: |
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hi casper
its a apollotyre eod chart can i consider it as a +divergence ????
regards,
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #2919 Posted: Thu Nov 10, 2011 5:35 am Post subject: |
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Hi! S.S and Casper,
I see a DT with slightly rising volumes with an opposite side breakout in this chart.
S.S. wrote: | hi casper
its a apollotyre eod chart can i consider it as a +divergence ????
regards, |
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S.S. White Belt
Joined: 09 Feb 2011 Posts: 241
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Post: #2920 Posted: Thu Nov 10, 2011 11:48 am Post subject: |
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rk_a2003 wrote: | Hi! S.S and Casper,
I see a DT with slightly rising volumes with an opposite side breakout in this chart.
S.S. wrote: | hi casper
its a apollotyre eod chart can i consider it as a +divergence ????
regards, |
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hi rk it could be a DT or anything else also but actually i want to know whether its a div or not
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #2921 Posted: Thu Nov 10, 2011 12:35 pm Post subject: |
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hi brothers
sorry
had a tough time for past couple of days, and now only got some time, so i am trying to reply the posts one by one,
rk,
u have crossed the rsi line while joining the lows, but its not the procedure, u have to touch the extremes points, be it top be it bot with ur tl, while NOT piercing through the indicator , ok?
plz see the chart of sks im posting
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #2922 Posted: Thu Nov 10, 2011 12:40 pm Post subject: |
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sangi wrote: | casperji/sumesh ji,
kindly confirm the sym. triangle and wht would be SL if UTL/LTL breaks for long/short?
Iam a newbee. pl. help to learn. Thanks in adv.
Sangi |
hi sangi ji
yes i support the view given by sumesh bhai, ST or any neutral pattern is dangerous becoz the lack of any directional bias, so u better try some ascending or descending triangle at first
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #2924 Posted: Thu Nov 10, 2011 12:57 pm Post subject: |
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S.S. wrote: | hi casper
its a apollotyre eod chart can i consider it as a +divergence ????
regards, |
its a dt, broken upside due to div
but saumik u marked wrongly
during a div, ur 2nd extreme (top/bot) must be equal or exceed the 1st extreme, if it exceeds then it will be better, ok??
see my marking
and one more thing, u should add the real body instead of adding the shadows during div finding, ok??
finally, looks like it was a higher tf (may be immediate higher tf) div
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #2925 Posted: Thu Nov 10, 2011 1:01 pm Post subject: |
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vishytns wrote: | rk_a2003 wrote: | Nifty Gap filled after 7 trading day's.
This appears to be a case of Island reversal failure.( Casper anticipated this well in advance )
Island reversal formed with the heightened hope of resolution of Greece debt crisis and now cascading effect on Italy poked it's ugly head resulting the filling up of the Gap.
That's why it was said "Fundamentals Prevail" .
And How do a TA geek Casper know about this.... that too well in advance.... |
Becoz casper is the operator of Italian bonds... |
thank god anna u did not think that im italian mafia
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