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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: #931 Posted: Tue Dec 28, 2010 12:07 pm Post subject: |
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rpower.
flag bo, while macd histogram is a concern, but we can try to buy with the support of weekly pivot
cmp 153. we can target 155 and 156.5
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #932 Posted: Tue Dec 28, 2010 12:58 pm Post subject: ESCORTS |
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ESCORTS
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BD has already happened.. should reach 160
Regards,
Sumesh
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #933 Posted: Tue Dec 28, 2010 1:51 pm Post subject: LUPIN |
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LUPIN...
***********
Above 468 it will open for 485..
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vrushabh123 White Belt
Joined: 18 Nov 2010 Posts: 39
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Post: #934 Posted: Tue Dec 28, 2010 3:08 pm Post subject: hii |
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casper found s.t in gspl hope its perfectly fine...bo might come tomm..pl comment[/img]
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girishhu1 White Belt
Joined: 17 Aug 2009 Posts: 316
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Post: #935 Posted: Tue Dec 28, 2010 3:38 pm Post subject: 3iinfotech bo |
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hi casperji,
can u confirm at in making in 1 hr tf in 3iinfotech if yes, what is exact bo level?
regards
girish
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #936 Posted: Tue Dec 28, 2010 9:00 pm Post subject: Re: hii |
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vrushabh123 wrote: | casper found s.t in gspl hope its perfectly fine...bo might come tomm..pl comment[/img] |
All is well rusabh
only macd is in sell mode, that is the concern, bcoz it has strong support, weekly piv, both the emas. so i dont think it will go down much, but a sell from macd may hamper the bo
lets hope that it may turn bullish before break oout
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #937 Posted: Tue Dec 28, 2010 9:04 pm Post subject: Re: 3iinfotech bo |
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girishhu1 wrote: | hi casperji,
can u confirm at in making in 1 hr tf in 3iinfotech if yes, what is exact bo level?
regards
girish |
hi girish bhaiya
bo level seems to me at 58 level, i think its an st
but problem is 60 is the monthly pivot so i expect strong resistance from this level
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #938 Posted: Tue Dec 28, 2010 9:05 pm Post subject: |
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singh.ravee wrote: | casper hello,
It would be nice on your part, if u can post few charts, as and when possible, to explain the use of dmi on intraday charts.
thanks and regards
ravee |
ravee i am gathering suitable charts and i will post them very soon
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #939 Posted: Tue Dec 28, 2010 9:41 pm Post subject: |
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from last two days i am posting eod charts at night, and trading that chart in the morning. in fact these are my 1st trades in the morning
but i am sure that no body has noticed that
bcoz, no body has mentioned any thing about that, but eod break outs are much more powerful than intra bo
personally, i try to take trades which may fetch me overall (i mean with the help of leverage available in intra day trading) 5-10% return
but with eod break outs, this has gone up to 25-30% profit.
while with only two days result in my hand, i can no claim it as a rule to happen every time, but every thing worths trying
so tonight also, i am posting afew strong eod set ups, let us see what happens tomorrow
1.hindoilexp:- target 240 for btst, for intra, i prefer not booking but trailing the sl until it gets hit
2.tvtoday:- target 77 for btst, trail for intra
3.infomedia:- target 26. but need to cross the monthly pivot at 24.25 or so
4.tataelxsi:- target 310-315
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girishhu1 White Belt
Joined: 17 Aug 2009 Posts: 316
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Post: #940 Posted: Wed Dec 29, 2010 8:01 am Post subject: |
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hi casperji,
posting eod, hrly charts of essar oil & divis lab kindly offer your comments.
regards,
girish
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #941 Posted: Wed Dec 29, 2010 8:41 am Post subject: |
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girishhu1 wrote: | hi casperji,
posting eod, hrly charts of essar oil & divis lab kindly offer your comments.
regards,
girish |
hi girish bhaiya
divislab has monthly pivot at 655. plz enter only above it or else it will choke
the price movements
essaroil:- we could enter around 125 depending on hourly chart
now as per eod chart,140 seems to be a resistance, we can enter if a break out happens here. then 145 will be the 1st target as weekly r2
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #942 Posted: Wed Dec 29, 2010 9:52 am Post subject: |
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casper wrote: | from last two days i am posting eod charts at night, and trading that chart in the morning. in fact these are my 1st trades in the morning
but i am sure that no body has noticed that
bcoz, no body has mentioned any thing about that, but eod break outs are much more powerful than intra bo
personally, i try to take trades which may fetch me overall (i mean with the help of leverage available in intra day trading) 5-10% return
but with eod break outs, this has gone up to 25-30% profit.
while with only two days result in my hand, i can no claim it as a rule to happen every time, but every thing worths trying
so tonight also, i am posting afew strong eod set ups, let us see what happens tomorrow
1.hindoilexp:- target 240 for btst, for intra, i prefer not booking but trailing the sl until it gets hit
2.tvtoday:- target 77 for btst, trail for intra
3.infomedia:- target 26. but need to cross the monthly pivot at 24.25 or so
4.tataelxsi:- target 310-315 |
Hi Casper,
very well said ! I actually trade them as BTST, as the returns are as fast as within 1-5 minutes in the opening... I have been watching few very good calls posted by you, but didn;t know that you were trading them also. Very good calls indeed...
Yesterday I entered into three BTST calls Geometric, Nitin Fire & TATAELXSI. Today morning squared them off with handsome profit.. But the point here is picking right candidate, at right price & at right time for next day.
I generally check after 3 O'clock as by that time intra players close their shop and hunt for next day begins, then based on volumes (generally more than 100% over last 30days I check) I see scrips which have not run too far away from BO levels..
Ofcourse, there are times that BTST may turn opposite based on mkt conditions, but the percentage is lesser as compared to successful ones... Moreover, I have generally found that they come back after testing imp. Emas (I prefer 34 ema on eod). So I add more at around that level, and then wait for the right day to exit.. (For ex. TVTODAY may try to test 70-71 before again getting fired..)
I shall try to post few good ones today for BTST, if possible you also please post ..
Many queries I'm not able to participate as either they were already explained by you in nice manner or because of my office occupation I don't get time, so friends please don;t mind that...
happy trading
Sumesh
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #943 Posted: Wed Dec 29, 2010 10:16 am Post subject: BIOCON.. |
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BIOCON..
************
Biocon AT Broken with good volume, running over all imp. emas... Next tgt. could be 430/440& 460..
-Sumesh
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vrushabh123 White Belt
Joined: 18 Nov 2010 Posts: 39
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Post: #944 Posted: Wed Dec 29, 2010 10:39 am Post subject: hiii |
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hii casper...wowo great job...tata elxsi i also saw n i catched at 300 only on day of bo...but ur observation is good tht way v can earn good money...will track ur post closely n even i will try to find out such bo, n as usual will ask for ur help too....
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #945 Posted: Wed Dec 29, 2010 12:52 pm Post subject: |
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hiii brothers and sisters of ichart.
hv u ever seen a true idiot? a 100% pure,ISI mark -walla?
let me introduced one, i hv just experienced one and going to share my experience wid u. before that, i must tell u what was i doing till the morning
in the morning i was out, came in around 11 am . and i have seen all of the eod stocks i mentioned in my last post has gone up significantly
only infomedia, which is not covered in ichart intraday service, is still consolidating, so i made a buy order at 24.25, cmp was 24.50
i rarely make such orders and prefer to buy at cmp by market orders. still i made it
then when the price was 24.30, i just cancelled my order bcoz i was not sure about its direction. i thought it may come down at any time, so better keep off and i started searching set ups
no set up was seen, and i started chatting with friends over the net but still my eyes in the market
then suddenly infomedia broken out, it was 24.75-24.95--25-25.25- and so on, i stopped chatting, was waiting and waiting to enter on a retracement
no price seems good for entry to me, finally it made a high of 26.50. i thought "NOW OR NEVER"
made a market buy order. got a huge quantity of share at 26.75 and stock started heading south.....................................
now cmp is 25.50
i am holding it at 26.75. initially i broke into laughter, it was not stopping, then vishy was online(vishy.tns). i told him the episode and suddenly rakesh called as his ship is now in harbor. i told him and we three had a nice laughter
then i thought it is good idea to share the episode to u in the forum, so i came here and posting all these
so u have been introduced to a pure idiot!!!!
i am sure that some of my brothers, who curse themselves for wrong timings in a otherwise good call will be happy to know that i am also no exception to them
happy trading and happy mis-timing
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