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amitagg
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Post: #211  Posted: Thu May 21, 2015 9:26 pm Post subject: |
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| Exited bull with 20 points and waiting whether 3864 holds or a bull trap ( intra day) |
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AMBY
Yellow Belt
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| Post: #212 Posted: Fri May 22, 2015 9:08 am Post subject: |
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| THANKS FOR UPDATE, |
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amitagg
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| Post: #213 Posted: Tue Jun 02, 2015 6:28 pm Post subject: |
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| 3810-3830 is central pullback area ( cmp 3880. High 3917)...... Above 3950 shall target 4100. Below 3750 shall be breakdown and possible heavy liquidation to follow of longs or pile up of shorts this time...... |
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AMBY
Yellow Belt
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| Post: #214 Posted: Tue Jun 02, 2015 7:08 pm Post subject: |
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| THANKS , |
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amitagg
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| Post: #215 Posted: Fri Jun 05, 2015 6:23 pm Post subject: |
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| amitagg wrote: | | 3810-3830 is central pullback area ( cmp 3880. High 3917)...... Above 3950 shall target 4100. Below 3750 shall be breakdown and possible heavy liquidation to follow of longs or pile up of shorts this time...... |
Below 3750 was moved uP to below 3785.... It has touched 3675...... Below 3775 is not bullish ..... Breakdown still possible. Even abive 3775 need to update after checking.
Sell on rise strategy holding. Let's watch the action between 3710-3770 today since Bulls have an upper hand today .....
Target 3500/3600. ( waiting for weekly / monthly candle to give big bull or bear bar and not doji s to get confirmation)
CMp 3730 |
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AMBY
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| Post: #216 Posted: Fri Jun 05, 2015 8:06 pm Post subject: |
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| THANKS FOR CLARITY ON YOUR SELL ON RISE . |
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amitagg
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Posts: 4559
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| Post: #217 Posted: Sat Jun 06, 2015 6:59 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | 3810-3830 is central pullback area ( cmp 3880. High 3917)...... Above 3950 shall target 4100. Below 3750 shall be breakdown and possible heavy liquidation to follow of longs or pile up of shorts this time...... |
Below 3750 was moved uP to below 3785.... It has touched 3675...... Below 3775 is not bullish ..... Breakdown still possible. Even abive 3775 need to update after checking.
Sell on rise strategy holding. Let's watch the action between 3710-3770 today since Bulls have an upper hand today .....
Target 3500/3600. ( waiting for weekly / monthly candle to give big bull or bear bar and not doji s to get confirmation)
CMp 3730 |
I made detailed post but system error now cannot retry
- "as expected" Bulls still managed to not to lose ground and daily candle still a DOJI ( despite negative news which was also expected)
- holding small longs at 3715 stop 3660 target 3775/3795
- if rises to near 3800 would enter small shorts stop 3860
- if maintains stable or rises little Monday afternoon, intra target should be touched
- if starts drifting lower to 3680 then likely SL hit
- can try shorts even at lows if that happens
- if rises to above 3770-3800, positional shorts to be taken only below 3690
- it can still be sideways on daily but expect it to reach equilibrium at 3770 approx should it is still sell on rise for positional.
- fell to 3657 from 3730 on Friday but managed to quickly regain to 3752 and then closed near 3810-20 levels. |
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amitagg
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| Post: #218 Posted: Mon Jun 08, 2015 9:40 pm Post subject: |
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As exactly happened.
High 3797
cmp 3745
Booked 40 points up and 40 points down :lol
Current unresolved bearish play. Multiple resistance region 3800-3960. We shall see that a big news or single day move shall be require rd to wade thru this one to target 4100-4300.
I shall not change bearish stance with rampant profit booking till then. Although as per conventional study. Daily sideways trend should resolve on upside. Let prices show that then trade direction shall change.
That is why positional shorts are very risky ( but excellent RR since high on the curve ) |
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amitagg
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| Post: #219 Posted: Tue Jun 09, 2015 8:01 pm Post subject: |
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cmp 3840
see the beautiful intra day long channel continuing.....wading thru ......it shall hit SLs of shorters (warned below).....3690 held and did not trigger short........
can reach 3880-3930 today, if clears 3860 my resistance level posted few days back as SL. It likely will.
not a short today any time......even if it falls let it fall and let us miss the short.!!!  |
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amitagg
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Posts: 4559
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| Post: #220 Posted: Tue Jun 09, 2015 8:24 pm Post subject: |
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| amitagg wrote: | cmp 3840
see the beautiful intra day long channel continuing.....wading thru ......it shall hit SLs of shorters (warned below).....3690 held and did not trigger short........
can reach 3880-3930 today, if clears 3860 my resistance level posted few days back as SL. It likely will.
not a short today any time......even if it falls let it fall and let us miss the short.!!! |
shall hit approx. circuit.....3877....cmp 3855......can rise to 3890-3925......and then fall to 3850.....or lower.....we should see below 3800 also in my opinion if tomorrow after data we do not cross 3960...... |
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amitagg
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| Post: #221 Posted: Tue Jun 09, 2015 10:11 pm Post subject: |
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3860 -3865 have acted as stiff resistance ..... Level mentioned few days back.
It may fall to 3775 (first target) and then 3735 if unable to clear tomorrow and if we have sideways action till 5-6 pm tomorrow.
If clears 3860 and if below 3900 before data in evening, then fall below 3860 shall mean again above targets.
if clears 3865 then 3925 can be touched...... Remaining above 3860 shall target 4030-4100 levels.
Just judgmental reasoning hence not any recommendation or advice. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #222 Posted: Tue Jun 09, 2015 11:37 pm Post subject: |
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| amitagg wrote: | 3860 -3865 have acted as stiff resistance ..... Level mentioned few days back.
It may fall to 3775 (first target) and then 3735 if unable to clear tomorrow and if we have sideways action till 5-6 pm tomorrow.
If clears 3860 and if below 3900 before data in evening, then fall below 3860 shall mean again above targets.
if clears 3865 then 3925 can be touched...... Remaining above 3860 shall target 4030-4100 levels.
Just judgmental reasoning hence not any recommendation or advice. |
even if there is a rise to 3925 -3950 levels, expect it to fall back to 3860 levels.
there can be a 100 point rise and then same 100 point fall same day
can attempt shorts at 3920 -3930 levels....stop 3960. or buy at 3810-3820 levels in afternoon if reaches there......
closing price 3855 |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #223 Posted: Wed Jun 10, 2015 8:47 am Post subject: |
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| THANKS. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #224 Posted: Wed Jun 10, 2015 12:50 pm Post subject: |
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Exactly happening..... Mentioned few days back sthat 3800-3900 shall be cleared in one go despite multiple eesistances..... Gap up shall done that
Unless closes above 3960 today, likely down to 3820 levels......... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #225 Posted: Wed Jun 10, 2015 3:25 pm Post subject: |
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| amitagg wrote: | Exactly happening..... Mentioned few days back sthat 3800-3900 shall be cleared in one go despite multiple eesistances..... Gap up shall done that
Unless closes above 3960 today, likely down to 3820 levels......... |
short one 3930 CMP and short another 3978....stop 4045 (5 mins closing)....target 3820
it can rise to 3980-4020 and appear bullish and fall 200 points. it can fall from here itself.
since rally pre done, data in evening even if bullish may not be material.......
risk : if trend reversing it would continue long non-stop till 4100-4300.....which event one in 10....but can and DOES happen in markets.
rally explained by fact that data API very good indeed. so shorts to be careful comment continues. |
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