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Post: #106  Posted: Thu Aug 05, 2010 10:03 am Post subject: |
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Huge breakout in JSWSTEEL from the BULL-R1 band.
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SwingTrader
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| Post: #107 Posted: Thu Aug 05, 2010 11:47 am Post subject: |
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BANKNIFTY-1M
Currently bullish until it breaks down below LOC (which will complete the reversal from BULL-R1 criteria).
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sherbaaz
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| Post: #108 Posted: Thu Aug 05, 2010 11:53 am Post subject: |
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It would be great
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SwingTrader
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| Post: #109 Posted: Thu Aug 05, 2010 12:13 pm Post subject: |
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ICICIBANK continues to be bearish
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sinash2003
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| Post: #110 Posted: Thu Aug 05, 2010 12:31 pm Post subject: NIFTY 5 min |
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Hi ST Sir,
NIFTY in BULL-LOC level and just came below the 34 EMA, what your view on this. |
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SwingTrader
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| Post: #111 Posted: Thu Aug 05, 2010 12:40 pm Post subject: Re: NIFTY 5 min |
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| sinash2003 wrote: | Hi ST Sir,
NIFTY in BULL-LOC level and just came below the 34 EMA, what your view on this. |
NF is sideways with a bullish bias as it is still above 89 EMA.
Strictly speaking in terms of the buy/sell signals using the icharts levels, there are two things:
1. For risk takers - NF was a sell as it turned down from BULL level with SL some distance above BULL. This is a risky trade as there is nothing to indicate that the price would reverse here itself. It might as well go to R1 and reverse or breakout above R1.
2. For conservative traders - NF is a sell only on a break below LOC. This will complete the criteria required for reversal from BULL-R1 when price did not go significantly higher than BULL level.
If price hits R1 (or goes close to it) and then breaks below BULL then that is also a criteria enough for a reversal from BULL-R1.
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sinash2003
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| Post: #112 Posted: Thu Aug 05, 2010 12:47 pm Post subject: Re: NIFTY 5 min |
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| SwingTrader wrote: | | sinash2003 wrote: | Hi ST Sir,
NIFTY in BULL-LOC level and just came below the 34 EMA, what your view on this. |
NF is sideways with a bullish bias as it is still above 89 EMA.
Strictly speaking in terms of the buy/sell signals using the icharts levels, there are two things:
1. For risk takers - NF was a sell as it turned down from BULL level with SL some distance above BULL. This is a risky trade as there is nothing to indicate that the price would reverse here itself. It might as well go to R1 and reverse or breakout above R1.
Hi ST Sir,
Thanks for the prompt reply, your views gave strength to my overall strategy. Nice explanation.
2. For conservative traders - NF is a sell only on a break below LOC. This will complete the criteria required for reversal from BULL-R1 when price did not go significantly higher than BULL level.
If price hits R1 (or goes close to it) and then breaks below BULL then that is also a criteria enough for a reversal from BULL-R1. |
Thanks ST sir for your prompt reply. |
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Kumthekar
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| Post: #113 Posted: Thu Aug 05, 2010 8:11 pm Post subject: |
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I have a question regarding the 5 types of trade you have posted at 9.22 am. today.
The example I want to use is Axisbank-1m. It reversed from bull-R1 around noon today. In the categories you have mentioned this type of trade as counter trend trade but with this example it will be a trade with the trend right? (34 below 89 and price slightly above both)
If one wants to trade only with the trend, is it okay to take the trade right at reversal from bull-r1 in such cases? (may be below both the emas?)
Thanks,
Aniruddha |
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SwingTrader
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| Post: #114 Posted: Thu Aug 05, 2010 9:15 pm Post subject: |
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| Kumthekar wrote: | I have a question regarding the 5 types of trade you have posted at 9.22 am. today.
The example I want to use is Axisbank-1m. It reversed from bull-R1 around noon today. In the categories you have mentioned this type of trade as counter trend trade but with this example it will be a trade with the trend right? (34 below 89 and price slightly above both)
If one wants to trade only with the trend, is it okay to take the trade right at reversal from bull-r1 in such cases? (may be below both the emas?)
Thanks,
Aniruddha |
Excellent question and perfect example you have selected for it. Thanks. Yes, many times a BULL-R1 reversal is counter-trend but as many times it could just be with the trend. In such cases one can comfortably short on a break below BULL (point A) itself (slightly risky entry) or again on a break below LOC (points B & C).
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trades4girish
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| Post: #115 Posted: Fri Aug 06, 2010 6:21 am Post subject: Weekly & Monthly levels request ??? |
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Dear ST Sir,
As per this Levels strategy of yours, would please request you to publish your weekly & monthly levels so that the overall trend can be monitered. This is a request if this parameters can be added as this will help the swing traders in taking the appropriate positions wrt levels of yours. ??
With Regards,
Girish V Hanchate |
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t.chatterjee
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| Post: #116 Posted: Fri Aug 06, 2010 9:12 am Post subject: |
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again im here to disturb u st sir.
icicibank hovering over loc, both ema may provide resistance, evening star pattern in eod chart, can we short arfter breaking down to loc?? 
and cox &kings also around loc, both both emas may provide strong support here, should we buy?
Last edited by t.chatterjee on Fri Aug 06, 2010 9:17 am; edited 1 time in total |
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SwingTrader
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| Post: #117 Posted: Fri Aug 06, 2010 9:14 am Post subject: |
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NF around LOC again for the third consecutive day....indicating sideways trend to begin with. Decent trend can be there now only if NF goes beyond R1 or S1 which are about 40 pts apart. So Look for reversals around these areas for small reversal trades.
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Srikanth Kurdukar
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SwingTrader
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| Post: #118 Posted: Fri Aug 06, 2010 9:25 am Post subject: |
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| t.chatterjee wrote: | again im here to disturb u st sir.
icicibank hovering over loc, both ema may provide resistance, evening star pattern in eod chart, can we short arfter breaking down to loc??
and cox &kings also around loc, both both emas may provide strong support here, should we buy? |
ICICIBANK is in a continuing downtrend...EMAs at the moment are resistances as they are above the current price. Any bullishness will be visible only if ICICIBANK moves above these EMAs. It is already below LOC so for short you will have to wait until it breaks below BEAR (S1 will again be some support).
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SwingTrader
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| Post: #119 Posted: Fri Aug 06, 2010 9:28 am Post subject: Re: Weekly & Monthly levels request ??? |
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| trades4girish wrote: | Dear ST Sir,
As per this Levels strategy of yours, would please request you to publish your weekly & monthly levels so that the overall trend can be monitered. This is a request if this parameters can be added as this will help the swing traders in taking the appropriate positions wrt levels of yours. ??
With Regards,
Girish V Hanchate |
I will think about this....this has been requested many times earlier also, I have not got time to work on these.
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Srikanth Kurdukar
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SwingTrader
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| Post: #120 Posted: Fri Aug 06, 2010 9:30 am Post subject: |
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| t.chatterjee wrote: | again im here to disturb u st sir.
icicibank hovering over loc, both ema may provide resistance, evening star pattern in eod chart, can we short arfter breaking down to loc??
and cox &kings also around loc, both both emas may provide strong support here, should we buy? |
Another thing about ICICIBANK, if it goes above LOC, hits resistance at the EMAs and breaks down below LOC then it is a short.
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