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SwingTrader
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Post: #91  Posted: Wed Aug 04, 2010 2:35 pm Post subject: |
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At 10:46 today I had posted few scrips trading above R1 (bullish) and few scrips trading below S1 (bearish).
Almost all bullish ones have reversed as market turned down (few of those were tradable as possible reversals from bear-s1).
All bearish scrips continued to go down and were good trades.
The scrips were selected from scans that I am preparing to launch soon. These scans will display scrips in key zones (within the bands, above r1, below s1 etc). The lists will update dynamically at regular intervals like our bullish/bearish & gainers/losers lists. Will keep you updated on this.
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sherbaaz
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| Post: #92 Posted: Wed Aug 04, 2010 3:34 pm Post subject: |
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Hi ST,
It would be great to have such scanner you mentioned. Eagerly waiting for it.
Regards  |
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SwingTrader
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| Post: #93 Posted: Wed Aug 04, 2010 3:35 pm Post subject: |
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| sherbaaz wrote: | Hi ST,
It would be great to have such scanner you mentioned. Eagerly waiting for it.
Regards |
Sher,
Actually these will be pre-defined scans like the bullish/bearish lists that you see on our jcharts page (see bullish/bearish button). I guess this is fine?
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dilesh
White Belt
Joined: 09 Aug 2008
Posts: 73
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| Post: #94 Posted: Wed Aug 04, 2010 5:51 pm Post subject: |
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| SwingTrader wrote: | At 10:46 today I had posted few scrips trading above R1 (bullish) and few scrips trading below S1 (bearish).
Almost all bullish ones have reversed as market turned down (few of those were tradable as possible reversals from bear-s1).
All bearish scrips continued to go down and were good trades.
The scrips were selected from scans that I am preparing to launch soon. These scans will display scrips in key zones (within the bands, above r1, below s1 etc). The lists will update dynamically at regular intervals like our bullish/bearish & gainers/losers lists. Will keep you updated on this. |
ST Sir,
A scan made around these levels will be great. HEROHONDA today was a rare excellent buy today near BEAR level with confluence of EMA 89. Hope the Scan will also have an option of finding stocks near BEAR level.
Thanks,
Dilesh |
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SwingTrader
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| Post: #95 Posted: Thu Aug 05, 2010 9:08 am Post subject: |
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| dilesh wrote: | | SwingTrader wrote: | At 10:46 today I had posted few scrips trading above R1 (bullish) and few scrips trading below S1 (bearish).
Almost all bullish ones have reversed as market turned down (few of those were tradable as possible reversals from bear-s1).
All bearish scrips continued to go down and were good trades.
The scrips were selected from scans that I am preparing to launch soon. These scans will display scrips in key zones (within the bands, above r1, below s1 etc). The lists will update dynamically at regular intervals like our bullish/bearish & gainers/losers lists. Will keep you updated on this. |
ST Sir,
A scan made around these levels will be great. HEROHONDA today was a rare excellent buy today near BEAR level with confluence of EMA 89. Hope the Scan will also have an option of finding stocks near BEAR level.
Thanks,
Dilesh |
Yes, of course.
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t.chatterjee
White Belt
Joined: 07 May 2010
Posts: 66
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| Post: #96 Posted: Thu Aug 05, 2010 9:17 am Post subject: |
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| st sir, omnitech is hovering above r1, i think its consolidating |
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dilesh
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| Post: #97 Posted: Thu Aug 05, 2010 9:22 am Post subject: |
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ST sir,
Does HDFC setup look Bullish currently near BEAR level.
Regards,
Dilesh |
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SwingTrader
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| Post: #98 Posted: Thu Aug 05, 2010 9:22 am Post subject: |
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NF is rallying from LOC towards BULL-R1 level.
I noticed one thing yesterday about what I am posting. I am trying to post the sort of analysis I do where I should have only been posting examples that illustrate the standard buy/sell signals. From now I will post only examples that highlight standard buy/sell signals so as to create less confusion.
Standard buy/sell signals are :
1. Buy on a break above R1 (with the trend)
2. Sell on a break below S1 (with the trend)
3. Buy on a reversal from BEAR-S1 band (counter trend trade)
4. Sell on a reversal from BULL-R1 band (counter trend trade)
5. Trading based on LOC (only if market does not open around either of the bands....eg. opens between the bands)
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SwingTrader
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| Post: #99 Posted: Thu Aug 05, 2010 9:33 am Post subject: |
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STOCKS CURRENTLY TRADING ABOVE/NEAR R1:
DLF, IOB, MARUTI, SBIN, TCS
STOCKS CURRENTLY TRADING BELOW/NEAR S1:
ICICIBANK, POWERGRID
*** NOTE : Currently I am seeing 89 scrips (cash + fut) trading above R1 vs 9 scrips trading below S1....this could indicate overall bullishness. Just giving you the stats, not implying anything
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SwingTrader
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| Post: #100 Posted: Thu Aug 05, 2010 9:36 am Post subject: |
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| t.chatterjee wrote: | | st sir, omnitech is hovering above r1, i think its consolidating |
Wow! OMNITECH is one bullish stock!!! what a trend! I think it is a buy on every consolidation/pullback.
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diwakar
White Belt
Joined: 10 Feb 2010
Posts: 54
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| Post: #101 Posted: Thu Aug 05, 2010 9:37 am Post subject: ICICI-1M |
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Dear ST,
Is it good to short ICICI-1M now.... Consolidating below S2 after breakdown.......
Kindly could you please suggest the tgt.....
Awaiting for your views....
Regards,
Diwakar R |
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SwingTrader
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| Post: #102 Posted: Thu Aug 05, 2010 9:38 am Post subject: |
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| dilesh wrote: | ST sir,
Does HDFC setup look Bullish currently near BEAR level.
Regards,
Dilesh |
Yes, it does. The entry for risk takers is now with initial SL below S1. Next low risk entry is once price crosses LOC to the upside.
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SwingTrader
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| Post: #103 Posted: Thu Aug 05, 2010 9:41 am Post subject: |
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BNF is bullish, near term resistance being the BULL-R1 band.
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SwingTrader
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| Post: #104 Posted: Thu Aug 05, 2010 9:46 am Post subject: Re: ICICI-1M |
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| diwakar wrote: | Dear ST,
Is it good to short ICICI-1M now.... Consolidating below S2 after breakdown.......
Kindly could you please suggest the tgt.....
Awaiting for your views....
Regards,
Diwakar R |
ICICIBANK-1M is right in the BEAR-S1 band. It is a short on a break below S1 with SL above BEAR.
Do keep an eye on the general market trend, yesterday the scrips were having their own show when market was not moving that much but when the market started to move many scrips moved strongly in the direction of the market. So just keep an eye on the overall market trend but final decider is, of course, the scrip's trend.
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SwingTrader
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| Post: #105 Posted: Thu Aug 05, 2010 10:01 am Post subject: |
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Here are the current stats as of 10:01 AM:
No. of scrips trading above BULL (bullish) : 239
No. of scrips trading below BEAR (bearish) : 44
No. of scrips trading between BULL & BEAR (sideways trend) : 422
*** NOTE: Above only include the cash + fut scrips we track intraday.
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