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a layman's approach to break out and break down |
S.S.
White Belt
Joined: 09 Feb 2011
Posts: 241
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Post: #2926  Posted: Thu Nov 10, 2011 2:22 pm Post subject: |
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| casper wrote: |
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??
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why it exceed is better.... cant equal give better confirmation coz its a double bottom n +divergence so two + signals gives better opportunity.
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2927 Posted: Thu Nov 10, 2011 3:35 pm Post subject: |
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exceeding is always better than double top or double bot, bcoz by exceeding if u see price on stand alone basis, it will look like trend is in full force,
but when u see ur indicator and find it is not a trend in full force, but on the contrary , its a divergence,
it will looks like as such.....price is going at 2 o'clock and rsi is going at 4 o'clock (in case of - div)thus will show a state of total non confirmation, an utter chaos when commoners are strongly optimistic but big boys are silently shifting their bets
since div is all about non confirmation (this line, perhaps im writting 100th time  ) so what can be of greater confusion for us as a trader, that in 2010 diwali we were celebrating new high in the market and biggies were starting betting in opposite direction???
thats why its known as A grade div
(make sure u understood this, otherwise, i have posted it 100 time and im ready to explain it another 100 times )
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S.S.
White Belt
Joined: 09 Feb 2011
Posts: 241
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| Post: #2928 Posted: Thu Nov 10, 2011 5:48 pm Post subject: |
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| casper wrote: | exceeding is always better than double top or double bot, bcoz by exceeding if u see price on stand alone basis, it will look like trend is in full force,
but when u see ur indicator and find it is not a trend in full force, but on the contrary , its a divergence,
it will looks like as such.....price is going at 2 o'clock and rsi is going at 4 o'clock (in case of - div)thus will show a state of total non confirmation, an utter chaos when commoners are strongly optimistic but big boys are silently shifting their bets
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tankx casper .....this will helps a lot 
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2929 Posted: Fri Nov 11, 2011 9:25 am Post subject: Re: ROLTA |
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| sumesh_sol wrote: | ROLTA..60tf
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DT..
LTP-79.15 ..... Tgt can be 76, and SL can be close abv 80 |
Rolta already 75.4...
Don't miss Bergerpaint & Adnavanta, both doing pretty well..
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2930 Posted: Fri Nov 11, 2011 9:59 am Post subject: Re: BERGEPAINT |
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| sumesh_sol wrote: | BERGEPAINT..eod
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About to break a looooooooooong time Resistance..
If you get a BO on at least 60tf close on next trading session, you can buy with SL below that candle.
LTP- 112.
Targets are huge. But Initially 120 looks very probable..
-------Sumesh |
Berger up almost 5% .. It do 120-125 today itself ...
If entering now, please play carefully and keep Trail SLs
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2931 Posted: Fri Nov 11, 2011 10:03 am Post subject: Re: ROLTA |
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| sumesh_sol wrote: | | sumesh_sol wrote: | ROLTA..60tf
=========
DT..
LTP-79.15 ..... Tgt can be 76, and SL can be close abv 80 |
Rolta already 75.4...
Don't miss Bergerpaint & Adnavanta, both doing pretty well.. |
Advanta showing div. on 15tf, so exited at par.. Will buy again if breaks high..
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2933 Posted: Fri Nov 11, 2011 11:43 am Post subject: Re: CHAMBLFERT |
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| sumesh_sol wrote: | CHAMBLFERT..60tf
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DT broken.. However, play carefully, as there was only two attempts for low breaking before BD(It could be a ww in disguise ). So any close above BD level is a strict SL..
-----------Sumesh |
As I feared, it turned out to be WW , and completed the tgt also in a single candle..ouch...!!
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2934 Posted: Sun Nov 13, 2011 2:31 pm Post subject: PIDILITIND |
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PIDILITIND..60tf
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Can touch 158/156 on BO...
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nsinojia
Yellow Belt
Joined: 21 Dec 2009
Posts: 624
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| Post: #2935 Posted: Sun Nov 13, 2011 5:42 pm Post subject: Re: PIDILITIND |
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| sumesh_sol wrote: | PIDILITIND..60tf
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Can touch 158/156 on BO... |
thanks for the pidilite chart
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #2936 Posted: Tue Nov 15, 2011 1:56 pm Post subject: niftyf 15tf |
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| dt forming in nf 15tf with base 5140. seniors pls confirm. unable to load chrt now
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2937 Posted: Tue Nov 15, 2011 1:59 pm Post subject: Re: niftyf 15tf |
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| sangi wrote: | | dt forming in nf 15tf wirh base 5140. seniors pls confirm. unable to load chrt now |
There is surely one DT forming on Banknifty, and I'm waiting for its BD..
Only issue is rising RSI, which in my opinion will be nullified due to time lag..
A close below BD line is required..
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #2938 Posted: Tue Nov 15, 2011 2:53 pm Post subject: Re: niftyf 15tf |
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| sumesh_sol wrote: | | sangi wrote: | | dt forming in nf 15tf wirh base 5140. seniors pls confirm. unable to load chrt now |
There is surely one DT forming on Banknifty, and I'm waiting for its BD..
Only issue is rising RSI, which in my opinion will be nullified due to time lag..
A close below BD line is required.. |
Thank u sumeshji for ur bnf dt.
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #2939 Posted: Thu Nov 17, 2011 10:21 am Post subject: nifty-1m60tf |
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Sumeshji,
Is this a proper DT in nf 60tf? Also do u find rsi(14) +div?
regards,
sangi
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2940 Posted: Thu Nov 17, 2011 10:34 am Post subject: Re: nifty-1m60tf |
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| sangi wrote: | Sumeshji,
Is this a proper DT in nf 60tf?
regards,
sangi |
This is noo exactly a DT..
Please see attached chart of DRREDDY on 30tf... Though this also does not fit into ideal DT category (more of a rectangle box BD)... Still looks good for shorting...
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