iCharts Discussions

t.chatterjee · White Belt Joined: 07 May 2010 Posts: 66

thank u sir

SwingTrader · Posted: Fri Aug 06, 2010 9:36 am Post subject:

SwingTrader · Posted: Fri Aug 06, 2010 9:39 am Post subject:

Current status as of 9:37 AM:

No. of scrips above R1 : 236
No. of scrips below S1 : 43
No. of scrips between R1 and S1 : 432

** Scrips include futures also

t.chatterjee · White Belt Joined: 07 May 2010 Posts: 66

i did just the same sir, i took a sl above 89 ema, wow, it means now i hv understood a lil bit of this levels Very Happy

SwingTrader · Posted: Fri Aug 06, 2010 9:52 am Post subject:

SCRIPS ABOVE/NEAR R1 (BULLISH):

AXISBANK, EVERONN, HINDOILEXP, MPHASIS, MUNDRAPORT

SCRIPS BELOW/NEAR S1 (BEARISH):

GAIL, ONGC, OMNITECH, PATNI, RELIANCE

NOTE: Watch these for both continuation of trend and reversal from the bands.

SwingTrader · Posted: Fri Aug 06, 2010 9:53 am Post subject:

SwingTrader · Posted: Fri Aug 06, 2010 10:42 am Post subject:

BNF in total sideways mode with EMAs bunched up with LOC. Nothing to be done here until it goes above bull or falls below bear.

dilesh · White Belt Joined: 09 Aug 2008 Posts: 73

Hi ST Sir,
Pl. give your view on JSWSTEEL. Is it getting Bearish now?

Regards,
Dilesh

SwingTrader · Posted: Fri Aug 06, 2010 10:48 am Post subject:

SwingTrader · Posted: Fri Aug 06, 2010 11:05 am Post subject:

I will be out for the rest of the day. Will post later in the evening. Please post whatever questions you might have, I will reply later.

Good luck!!!

SwingTrader · Posted: Mon Aug 09, 2010 9:25 am Post subject:

NF around LOC level after market open. Here are the possible scenarios:

1. If NF falls below LOC, it is a short (make sure it consolidates a bit below LOC or it shows signs of going down further...which can be like just keeps going down further without consolidation Very Happy

).

2. If LOC supports and it can rally from here if it can clear 89 EMA (do watchout for the BULL level above though).

3. If it continues to consolidate around LOC a break above BULL or break below BEAR is necessary for a significant change in the scenario. In this case just step back and look at stocks instead. If this happens after you enter a trade, just hold SL and wait.

More later...

SwingTrader · Posted: Mon Aug 09, 2010 9:29 am Post subject:

BNF has quickly rallied from LOC to BULL and has found resistance here. 89 EMA is also around BULL. A rally above BULL & 89 EMA can lead to significant upmove with the nearest resistance being R1.

SwingTrader · Posted: Mon Aug 09, 2010 9:57 am Post subject:

Stocks above/near R1 (Bullish):

EVERONN, GPIL, HDIL, TATAMOTORS, TATACHEM (there are a ton of other good stocks rallying above R1 today)

Stocks below/near S1 (bearish):

HCLTECH, PATNI (not many scrips bearish yet)

SwingTrader · Posted: Mon Aug 09, 2010 10:45 am Post subject:

I see few more BEARISH ones popping up on my scans now:

AXISBANK, CIPLA, CAIRN, GAIL

SwingTrader · Posted: Mon Aug 09, 2010 10:55 am Post subject:

NF has rallied from LOC to BULL and is now facing resistance. If it can stay above bull (89 EMA is also around bull level) then the next resistance is R1.

BNF in the meantime continues to be bullish as it is above BULL level and 89 EMA.