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SwingTrader
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Post: #76  Posted: Wed Aug 04, 2010 10:22 am Post subject: |
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| dilesh wrote: | hi ST sir,
Does AXISBANK look good for a Short position?
Regards,
Dilesh |
AXISBANK has fallen from BEAR level without a breather...let it consolidate/pullback a bit. It is too extended to the downside at the moment. Then if it continues its downtrend, it is a short. Do watchout for a reversal from here (BEAR-S1).
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SwingTrader
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| Post: #77 Posted: Wed Aug 04, 2010 10:31 am Post subject: |
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AXISBANK Clarification:
It is a short below the RED line shown (this will indicate continuation of downtrend). If it moves above BEAR, it is a buy for near term initial target of bull/r1 with resistance around LOC/89EMA level.
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dilesh
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| Post: #78 Posted: Wed Aug 04, 2010 10:33 am Post subject: |
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ST Sir,
Thanks for your guidance regarding AXISBANK & also for pointing out EDUCOMP. It is a much better setup.
Regards,
Dilesh |
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SwingTrader
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| Post: #79 Posted: Wed Aug 04, 2010 10:46 am Post subject: |
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STOCKS CURRENTLY TRADING ABOVE/NEAR R1 (BULLISH):
ADANIPOWER, APIL, CENTURYTEX, DIVISLAB, DLF, EDUCOMP, LT
STOCKS CURRENTLY TRADING BELOW/NEAR S1 (BEARISH):
ADANIENT, AXISBANK, GAIL, JSWSTEEL, RELIANCE, SUNPHARMA
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SwingTrader
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| Post: #80 Posted: Wed Aug 04, 2010 10:59 am Post subject: |
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NF hitting resistance at LOC. A break above LOC is bullish as price is above both 34 & 89 EMA. If this happens, near term target is BULL, then R1.
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SwingTrader
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| Post: #81 Posted: Wed Aug 04, 2010 11:00 am Post subject: |
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**** SORRY, PLEASE IGNORE THIS MESSAGE. THERE IS A MISTAKE. RE-POSTING BNF ANALYSIS AGAIN...SEE ABOVE ***
BNF is bunched together with LOC, 34 EMA & 89 EMA. A break above LOC would be bullish taking it to BULL-R1 and a break below LOC would be bearish taking it to BEAR-S1.
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Last edited by SwingTrader on Wed Aug 04, 2010 11:45 am; edited 1 time in total |
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swetha141reddy
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| Post: #82 Posted: Wed Aug 04, 2010 11:09 am Post subject: |
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| swing trader which minitue chart to be used for 34, 89 ema |
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SwingTrader
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| Post: #83 Posted: Wed Aug 04, 2010 11:11 am Post subject: |
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| swetha141reddy wrote: | | swing trader which minitue chart to be used for 34, 89 ema |
All charts posted here by me are 5 Mins charts (unless specifically mentioned).
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Srikanth Kurdukar
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dilesh
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| Post: #84 Posted: Wed Aug 04, 2010 11:28 am Post subject: |
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ST Sir,
Does CAIRN look good for buy, currently above the EMAs and LOC.
Regards,
Dilesh |
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SwingTrader
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| Post: #85 Posted: Wed Aug 04, 2010 11:41 am Post subject: |
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| dilesh wrote: | ST Sir,
Does CAIRN look good for buy, currently above the EMAs and LOC.
Regards,
Dilesh |
Yes, for reversals from BEAR-S1 like CAIRN, a good buy level is just above LOC (especially if EMAs are between BEAR & LOC) which is where CAIRN is now at. SL can be below LOC or better yet BEAR level.
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SwingTrader
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| Post: #86 Posted: Wed Aug 04, 2010 11:50 am Post subject: |
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Very sorry...I messed up the BNF analysis below. Re-posting it again here:
I had mentioned that BNF was around LOC. It is actually in BEAR-S1 band. So watch for bullish reversal from here or a break below S1 for short.
Long can be initiated on a break above BEAR & EMAs with SL being below S1. Near term targets being LOC, then BULL, R1 above it.
Short will be below S1 with SL above BEAR, targets being the levels below...S2, S3 etc
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tulsian1107
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| Post: #87 Posted: Wed Aug 04, 2010 12:20 pm Post subject: EXAMPLES (AUG2010) |
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| ST SIR, Thanksyou very much for guindence for BNF. TULSIAN 1107[/b] |
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SwingTrader
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| Post: #88 Posted: Wed Aug 04, 2010 1:51 pm Post subject: |
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Tulsian Ji,
About BNF...just wanted to clarify one more point. The price going above BEAR earlier today (red circle on the chart) is NOT a break above BEAR. I like to see atleast 2-3 bar consolidation above BEAR. Many many times you will see price rising above/below a level and then returning back to where it was. The 2-3 bar consolidation is to guard against such fakes. It is better to leave a trade instead of getting into a bad one.
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tulsian1107
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| Post: #89 Posted: Wed Aug 04, 2010 2:19 pm Post subject: EXAMPLES (AUG2010) |
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| ST SIR, SL TRIGGER. REVERSAL OR DOWN HOW TO DECIDE. PLEASE GUIDE.[/code] |
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SwingTrader
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| Post: #90 Posted: Wed Aug 04, 2010 2:31 pm Post subject: Re: EXAMPLES (AUG2010) |
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| tulsian1107 wrote: | | ST SIR, SL TRIGGER. REVERSAL OR DOWN HOW TO DECIDE. PLEASE GUIDE.[/code] |
You had bought BNF when it hit bear? Please see my post below explaining why it was not a buy at that point.
Anyway, now a short will be only if it breaks below S1 (only if you have sufficient time left in the day). A reverse to long is not suggested now, it is only above bear level.
Please do not trade on these signals until you fully understand the exact conditions for buy/sell & SL placement. For few days just watch the charts.
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