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Breakout/ Breakdown Trades |
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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Post: #766  Posted: Fri Feb 28, 2014 1:50 pm Post subject: Bataindia..5tf |
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Bataindia..5tf
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Will take long ABV 1065...SL-1053
Tgt can be 1082
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deepakms
White Belt
Joined: 13 Aug 2009
Posts: 194
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| Post: #767 Posted: Fri Feb 28, 2014 1:55 pm Post subject: |
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Sumesh..........Ktkbank sudden spurt !!......that was a good call.
Rgds
deepak
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #768 Posted: Fri Feb 28, 2014 2:23 pm Post subject: GAIL..5tf |
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GAIL..5tf
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buying abv 371.5 ..SL-368.5
Tgt -- 390
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #769 Posted: Sat Mar 01, 2014 4:33 pm Post subject: RELIANCE..eod |
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RELIANCE..eod
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Broke down from congestion... EMAs suggest more downside... May take short on retracement on 60 tf for Tgts of 780/760 .. SL- 825
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333 Time(s) |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #770 Posted: Sat Mar 01, 2014 5:21 pm Post subject: Re: RELIANCE..eod |
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| sumesh_sol wrote: | RELIANCE..eod
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Broke down from congestion... EMAs suggest more downside... May take short on retracement on 60 tf for Tgts of 780/760 .. SL- 825 |
ema's are wide apart from each other, this may turn out t be false b'down. watch next 2/3 days
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #771 Posted: Sat Mar 01, 2014 9:44 pm Post subject: Re: RELIANCE..eod |
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| vinst wrote: | | sumesh_sol wrote: | RELIANCE..eod
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Broke down from congestion... EMAs suggest more downside... May take short on retracement on 60 tf for Tgts of 780/760 .. SL- 825 |
ema's are wide apart from each other, this may turn out t be false b'down. watch next 2/3 days |
Hi Vinst , You may be correct, but I feel slopes of moving averages depends on their values.. I use 20/40/200 smas to determine trend.
Moreover, I try to understand price action in case of BO trades. Here if u notice Reliance escaped out of 900-840 range.. Then after moving in a tight range(820-800) for about 3 weeks , it closed below it. Volume was also reasonably good...All these factors prompted me to believe that it is getting weak and chances of further down is more...
Still market is supreme, we can only trade based on possibilities..
Regards,
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #772 Posted: Sat Mar 01, 2014 10:33 pm Post subject: Re: RELIANCE..eod |
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| sumesh_sol wrote: | | vinst wrote: | | sumesh_sol wrote: | RELIANCE..eod
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Broke down from congestion... EMAs suggest more downside... May take short on retracement on 60 tf for Tgts of 780/760 .. SL- 825 |
ema's are wide apart from each other, this may turn out t be false b'down. watch next 2/3 days |
Hi Vinst , You may be correct, but I feel slopes of moving averages depends on their values.. I use 20/40/200 smas to determine trend.
Moreover, I try to understand price action in case of BO trades. Here if u notice Reliance escaped out of 900-840 range.. Then after moving in a tight range(820-800) for about 3 weeks , it closed below it. Volume was also reasonably good...All these factors prompted me to believe that it is getting weak and chances of further down is more...
Still market is supreme, we can only trade based on possibilities..
Regards, |
your logic is good, of course. But still, i am biased in favour of this b'down failing.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #773 Posted: Sun Mar 02, 2014 9:01 pm Post subject: Re: RELIANCE..eod |
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| vinst wrote: | | sumesh_sol wrote: | | vinst wrote: | | sumesh_sol wrote: | RELIANCE..eod
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Broke down from congestion... EMAs suggest more downside... May take short on retracement on 60 tf for Tgts of 780/760 .. SL- 825 |
ema's are wide apart from each other, this may turn out t be false b'down. watch next 2/3 days |
Hi Vinst , You may be correct, but I feel slopes of moving averages depends on their values.. I use 20/40/200 smas to determine trend.
Moreover, I try to understand price action in case of BO trades. Here if u notice Reliance escaped out of 900-840 range.. Then after moving in a tight range(820-800) for about 3 weeks , it closed below it. Volume was also reasonably good...All these factors prompted me to believe that it is getting weak and chances of further down is more...
Still market is supreme, we can only trade based on possibilities..
Regards, |
your logic is good, of course. But still, i am biased in favour of this b'down failing. |
me too....went long around 800 on Friday and holding.....but better to not prejudge the "failure " of breakdown [over the longer run it would not pay to act on inutition that breakdown will fail though many many do...and statistically also.......so i would try to get out tomorrow morning
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #774 Posted: Mon Mar 03, 2014 10:15 am Post subject: Re: RELIANCE..eod |
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| sumesh_sol wrote: | RELIANCE..eod
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Broke down from congestion... EMAs suggest more downside... May take short on retracement on 60 tf for Tgts of 780/760 .. SL- 825 |
Shorting below 897 with SL- 806...
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #775 Posted: Mon Mar 03, 2014 10:20 am Post subject: SBIN..5tf |
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SBIN..5tf
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It has broken out.. Will wait for any retracement opportunity, and will go long for Tgt of 1570/1600 with suitable SL..
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #776 Posted: Mon Mar 03, 2014 10:21 am Post subject: Re: RELIANCE..eod |
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| sumesh_sol wrote: | | Shorting below 897 with SL- 806... |
You mean below 797? Prakash Holla
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #777 Posted: Mon Mar 03, 2014 10:25 am Post subject: Re: RELIANCE..eod |
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| pkholla wrote: | | sumesh_sol wrote: | | Shorting below 897 with SL- 806... |
You mean below 797? Prakash Holla |
 ... Haan wahi.. socha jaldi post kar dun.. if someone wants to take advantage of this... typo mistake... it IS below 797 ...
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #778 Posted: Mon Mar 03, 2014 11:23 am Post subject: SOBHA...5tf |
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SOBHA...15tf
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Buying abv 310.5.... SL-305.5....Tgts 320/330
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318 Time(s) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #779 Posted: Mon Mar 03, 2014 11:32 am Post subject: Re: RELIANCE..eod |
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| sumesh_sol wrote: | | sumesh_sol wrote: | RELIANCE..eod
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Broke down from congestion... EMAs suggest more downside... May take short on retracement on 60 tf for Tgts of 780/760 .. SL- 825 |
Shorting below 897 with SL- 806... |
i have exited my long with some profit at 808.....ur trade not yet triggerred...good that shorting below breakdown level of 797 only being considered...because it can hit 812-813
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #780 Posted: Mon Mar 03, 2014 11:34 am Post subject: Re: RELIANCE..eod |
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| amitagg wrote: | | sumesh_sol wrote: | | sumesh_sol wrote: | RELIANCE..eod
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Broke down from congestion... EMAs suggest more downside... May take short on retracement on 60 tf for Tgts of 780/760 .. SL- 825 |
Shorting below 897 with SL- 806... |
i have exited my long with some profit at 808.....ur trade not yet triggerred...good that shorting below breakdown level of 797 only being considered...because it can hit 812-813 |
Yes Amit u r absolutely correct..
I have cancelled earlier order as proper SL still not confirmed.. But I have kept one small blind short order at 815 with SL 820... Let's see...
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