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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: #646  Posted: Wed Dec 08, 2010 11:48 am Post subject: BHEL |
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BHEL can be shorted below 2220 for 20-30 rs..
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #647 Posted: Wed Dec 08, 2010 12:07 pm Post subject: |
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check the followings
enter only in break down, use a closing of 60 min candle over the bd level as ur sl
1.everonn= 620 is strongest support, it was the bo level in past, wait for a candle close below this level to short, target 590
2.auro pharma =lower tl has 89 ema and monthly pivot. so will take lots of strength to break it, but if broken then can give us good down move
3.eidparry=sell with a bd, target 460
4.ekc= target 93
5.hindmotor= target 24.23, 24 is weekly s1
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #648 Posted: Wed Dec 08, 2010 12:16 pm Post subject: Re: GAIL |
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| sumesh_sol wrote: | GAIL..
Gail has broken multiple resistances despite of weakness in the market...
now getting ready to surge ahead after breaking 510.. Though risky as it has already made a healthy upmove, but can be rewarding.. I would love to play this one....
-Sumesh |
Hi,
Good pick, your entry was my exit in its future as short term profit was good. Hope your SL is protected if you have traded as typical SM taking out all long SL's on hourly chart, also in future there is a doji at the top trend line resistance which was basically a marked up price (hope i am wrong) as price closed above the TL retailers trapped and then bang down.
Keep posting.
Regards,
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #649 Posted: Wed Dec 08, 2010 12:32 pm Post subject: Gmrinfra |
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Can be shorted on BD...
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measoldier
White Belt
Joined: 09 Sep 2010
Posts: 36
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| Post: #650 Posted: Wed Dec 08, 2010 12:38 pm Post subject: good work buddies |
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hope u covered by getting sl hit otherwise it could be dangeruos to cover with doji coz it is not a confirmation to close a position. after 510 it could get higher targets 
and remember that sumesh is not new 
very gud friends keep up the gud work and sumesh i hope u didnt enter as it did not close candle above 510
so both of u r saved
good tradin keep going
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measoldier
White Belt
Joined: 09 Sep 2010
Posts: 36
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| Post: #651 Posted: Wed Dec 08, 2010 12:39 pm Post subject: good work buddies |
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hope u covered by getting sl hit otherwise it could be dangeruos to cover with doji coz it is not a confirmation to close a position. after 510 it could get higher targets
and remember that sumesh is not new
very gud friends keep up the gud work and sumesh i hope u didnt enter as it did not close candle above 510
so both of u r saved
good tradin keep going
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #653 Posted: Wed Dec 08, 2010 12:59 pm Post subject: Re: good work buddies |
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| sherbaaz wrote: | | measoldier wrote: | hope u covered by getting sl hit otherwise it could be dangeruos to cover with doji coz it is not a confirmation to close a position. after 510 it could get higher targets
and remember that sumesh is not new
very gud friends keep up the gud work and sumesh i hope u didnt enter as it did not close candle above 510
so both of u r saved
good tradin keep going |
Hi,
I didnt get wht you are saying "hope u covered by getting sl hit","and "remember that sumesh is not new".
You are right doji is not the confirmation but the position where it formed is very imp.
For reference kindly find an attached chart of gail future hourly chart.
Regards, |
Arrrre Sherbaaz bhai, All in good humour... I don't think soldier wanted to underestimate your observation in any way.. In fact, after seeing the last candle I removed my buy order abv BO.. So yes, I was saved...
Please keep posting your observations like this, very helpful indeed...
Regards,
Sumesh
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #654 Posted: Wed Dec 08, 2010 1:03 pm Post subject: Re: good work buddies |
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| sumesh_sol wrote: | | sherbaaz wrote: | | measoldier wrote: | hope u covered by getting sl hit otherwise it could be dangeruos to cover with doji coz it is not a confirmation to close a position. after 510 it could get higher targets
and remember that sumesh is not new
very gud friends keep up the gud work and sumesh i hope u didnt enter as it did not close candle above 510
so both of u r saved
good tradin keep going |
Hi,
I didnt get wht you are saying "hope u covered by getting sl hit","and "remember that sumesh is not new".
You are right doji is not the confirmation but the position where it formed is very imp.
For reference kindly find an attached chart of gail future hourly chart.
Regards, |
Arrrre Sherbaaz bhai, All in good humour... I don't think soldier wanted to underestimate your observation in any way.. In fact, after seeing the last candle I removed my buy order abv BO.. So yes, I was saved...
Please keep posting your observations like this, very helpful indeed...
Regards,
Sumesh |
Actually i really didnt understand wht he was saying .
specially the first sentence. chelo mast reho 
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #655 Posted: Wed Dec 08, 2010 1:17 pm Post subject: Re: good work buddies |
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| sherbaaz wrote: | | sumesh_sol wrote: | | sherbaaz wrote: | | measoldier wrote: | hope u covered by getting sl hit otherwise it could be dangeruos to cover with doji coz it is not a confirmation to close a position. after 510 it could get higher targets
and remember that sumesh is not new
very gud friends keep up the gud work and sumesh i hope u didnt enter as it did not close candle above 510
so both of u r saved
good tradin keep going |
Hi,
I didnt get wht you are saying "hope u covered by getting sl hit","and "remember that sumesh is not new".
You are right doji is not the confirmation but the position where it formed is very imp.
For reference kindly find an attached chart of gail future hourly chart.
Regards, |
Arrrre Sherbaaz bhai, All in good humour... I don't think soldier wanted to underestimate your observation in any way.. In fact, after seeing the last candle I removed my buy order abv BO.. So yes, I was saved...
Please keep posting your observations like this, very helpful indeed...
Regards,
Sumesh |
Actually i really didnt understand wht he was saying .
specially the first sentence. chelo mast reho |
i think measoldier thought sherbaj bhai was long in gail and with the dozi , he got his trailing stop hit and by that dozi and his warning and due to price not crosing 510 mark, sumesh bhai also kept away, so both are saved as doji is not a confirmation in itself.
but going a bit further, what was doji then, now turned to be a evening start pattern, though real time pattern are not tht important like eod pattern, but still it indicates a bearish sentiment, again, the stock got supports also at lower level so we can expect a choppy move as we are experiencing in the broader market also
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measoldier
White Belt
Joined: 09 Sep 2010
Posts: 36
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| Post: #656 Posted: Wed Dec 08, 2010 1:30 pm Post subject: Re: good work buddies |
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| casper wrote: | | sherbaaz wrote: | | sumesh_sol wrote: | | sherbaaz wrote: | | measoldier wrote: | hope u covered by getting sl hit otherwise it could be dangeruos to cover with doji coz it is not a confirmation to close a position. after 510 it could get higher targets
and remember that sumesh is not new
very gud friends keep up the gud work and sumesh i hope u didnt enter as it did not close candle above 510
so both of u r saved
good tradin keep going |
Hi,
I didnt get wht you are saying "hope u covered by getting sl hit","and "remember that sumesh is not new".
You are right doji is not the confirmation but the position where it formed is very imp.
For reference kindly find an attached chart of gail future hourly chart.
Regards, |
Arrrre Sherbaaz bhai, All in good humour... I don't think soldier wanted to underestimate your observation in any way.. In fact, after seeing the last candle I removed my buy order abv BO.. So yes, I was saved...
Please keep posting your observations like this, very helpful indeed...
Regards,
Sumesh |
Actually i really didnt understand wht he was saying .
specially the first sentence. chelo mast reho |
i think measoldier thought sherbaj bhai was long in gail and with the dozi , he got his trailing stop hit and by that dozi and his warning and due to price not crosing 510 mark, sumesh bhai also kept away, so both are saved as doji is not a confirmation in itself.
but going a bit further, what was doji then, now turned to be a evening start pattern, though real time pattern are not tht important like eod pattern, but still it indicates a bearish sentiment, again, the stock got supports also at lower level so we can expect a choppy move as we are experiencing in the broader market also |
exactly sherbaaz bhai both casper and sumesh are right i was talking abt ur tsl only to get hit and ur saviour from loss and my first line means this.
and sumesh is not new means as he said it can zooom above 510 which is true and u will also witness this when it close above 510 in future or any other day 
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aromal
White Belt
Joined: 22 Mar 2010
Posts: 302
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| Post: #657 Posted: Wed Dec 08, 2010 7:30 pm Post subject: Re: GAIL |
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| sherbaaz wrote: | | sumesh_sol wrote: | GAIL..
Gail has broken multiple resistances despite of weakness in the market...
now getting ready to surge ahead after breaking 510.. Though risky as it has already made a healthy upmove, but can be rewarding.. I would love to play this one....
-Sumesh |
Hi,
Good pick, your entry was my exit in its future as short term profit was good. Hope your SL is protected if you have traded as typical SM taking out all long SL's on hourly chart, also in future there is a doji at the top trend line resistance which was basically a marked up price (hope i am wrong) as price closed above the TL retailers trapped and then bang down.
Keep posting.
Regards, |
hi gail llooking good
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #658 Posted: Thu Dec 09, 2010 1:29 pm Post subject: DENABANK |
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DENABANK on 60tf..
Can breakdown below 114.6
target for 4-5 rs..
-Sumesh
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deepakms
White Belt
Joined: 13 Aug 2009
Posts: 194
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| Post: #659 Posted: Thu Dec 09, 2010 1:45 pm Post subject: |
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Hi Sumesh,
Reg DENA BANK
Whats a 60tf and how did you get the 114.6 price levels that needs to be broken.
Pls explain.......
Thnx/Rgds
Deeppak
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #660 Posted: Thu Dec 09, 2010 1:49 pm Post subject: |
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| deepakms wrote: | Hi Sumesh,
Reg DENA BANK
Whats a 60tf and how did you get the 114.6 price levels that needs to be broken.
Pls explain.......
Thnx/Rgds
Deeppak |
60tf is 60 minutes time frame.
As such the Breakdown level is below 115 , but to accomodate mkt. volotality & fake BO, I always place my order bit below, hence 114.6.
Regards,
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