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a layman's approach to break out and break down |
deepakms
White Belt
Joined: 13 Aug 2009
Posts: 194
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Post: #481  Posted: Thu Nov 25, 2010 6:15 pm Post subject: ROLTA |
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Hi Somesh,
Is it possible Rolta could break down from here and if so what price could it target.Kindly comment.............
Thnx/Rgds
Deepak
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #482 Posted: Thu Nov 25, 2010 6:20 pm Post subject: |
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hi girish bhaiya
i really dont know how to draw fibo retarcements on the chart.
but as of the chart itself it looks like a proper flag. target should be around 550-600 if it sustain the bo
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #483 Posted: Thu Nov 25, 2010 7:06 pm Post subject: Re: ROLTA |
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| deepakms wrote: | Hi Somesh,
Is it possible Rolta could break down from here and if so what price could it target.Kindly comment.............
Thnx/Rgds
Deepak |
Hi Deepak,
Rolta is getting very strong support at 160 level. MACD and RSI are in negative zone. Though it is not a clssical case of any triangle BO, a stong close below 158 can take it to 150 level. But the real trend change will happen only below 150, which can take it all the way upto 100..
Regards,
Sumesh
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #484 Posted: Thu Nov 25, 2010 7:25 pm Post subject: Today's testing result.. |
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Today's testing result..
Hindalco Short : Worked & met the target.
BEL Long : Though was entered before actual BO(which I will try not to repeat), could still manage to close higher, let's see it tomorrow.
IDBI Short : Broken and expeeted to fall further tomorrow.
But the real hero trades were suggested by Casper, which are TataGlobal & Bhusanstl. Great calls !!
Bharti also managed to escape the bear attack and closed little below BO level in 60tf, let's see how it fairs tomorrow(I'm long in this also).
Again a satisfactory day.
Regards,
Sumesh
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mrvishal_g
White Belt
Joined: 17 Sep 2010
Posts: 89
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| Post: #485 Posted: Thu Nov 25, 2010 10:56 pm Post subject: |
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Hi Casper,
See the attach chart and comment
IndHotel 90.5.....DT target 75 looking very good RSI, MACD and volume are supporting
Patni Computer 452--------DT bd below 450 T-320 (
RSI & MACD both are bearish) but volume is not supporting right now
Also chk BGR Energy and Praj Ind
Vishal
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mrvishal_g
White Belt
Joined: 17 Sep 2010
Posts: 89
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| Post: #486 Posted: Thu Nov 25, 2010 10:58 pm Post subject: |
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Sorry, forget to attach charts
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #487 Posted: Fri Nov 26, 2010 8:06 am Post subject: |
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hi vishal
ind hotel is ok. supports are 85.80
patni= 1st look at the smaller triangle and a target will be around 400-380,
prajind= it formed a sym tri on eod chart, wait for a bo/bd
bgrenergy= looks like a h/s. gradually it may come down to 600-550 level
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #488 Posted: Fri Nov 26, 2010 11:36 am Post subject: SAIL 60tf.. |
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AT..
Buy on BO...
-Sumesh
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #489 Posted: Fri Nov 26, 2010 11:38 am Post subject: |
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icicibank 60 min tf descending triangle
lower tl is the monthly pivot support, its 1100 if its broken down can go upto 1050
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #490 Posted: Fri Nov 26, 2010 11:44 am Post subject: Re: SAIL 60tf.. |
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| sumesh_sol wrote: | AT..
Buy on BO...
-Sumesh |
u planted a time bomb. within minutes it went on 
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #491 Posted: Fri Nov 26, 2010 11:48 am Post subject: TCS |
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TCS
Another AT *Bomb* in making.. for intra only....
-Sumesh
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girishhu1
White Belt
Joined: 17 Aug 2009
Posts: 316
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| Post: #492 Posted: Fri Nov 26, 2010 11:56 am Post subject: |
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hi casperji,
yes bank shoots up 8%. at bo
i think we r late to enter. pl comment
regards,
girish
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #493 Posted: Fri Nov 26, 2010 12:05 pm Post subject: |
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| girishhu1 wrote: | hi casperji,
yes bank shoots up 8%. at bo
i think we r late to enter. pl comment
regards,
girish |
it has resistance at 319 level as ichart r1, if breaks and sustain above that u can enter with a target of 325 and 335 r2 and r3 of ichart
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girishhu1
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Joined: 17 Aug 2009
Posts: 316
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| Post: #494 Posted: Fri Nov 26, 2010 12:17 pm Post subject: |
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hellow casperji,
sbi chart enclosed. appears to be at bo. buy above 2860 sl 2846. kindly confirm
regards,
girish
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #495 Posted: Fri Nov 26, 2010 12:27 pm Post subject: |
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no exact bo pattern is formed in hrly
if u buy then check out 2883 as r1 is there
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