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Examples (Aug 2010) |
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Post: #1  Posted: Mon Aug 02, 2010 9:05 am Post subject: Examples (Aug 2010) |
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From now I am planning to have one topic (thread) per month for examples so searching stuff is easier...for August I will post examples in this thread.
NF opened just above R1. Look for support here if price is to rally beyond R1. A drop below BULL can be sideways to bearish.
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Srikanth Kurdukar
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| Post: #2 Posted: Mon Aug 02, 2010 9:11 am Post subject: |
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Watch the price action around BULL-R1 band. Most scrips this morning are near R1, so what happens around here will decide the near term action today.
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Srikanth Kurdukar
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diwakar
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| Post: #3 Posted: Mon Aug 02, 2010 9:27 am Post subject: Axisbank |
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ST,
Axisbank reversing from Bull-R1 Band... But 50 EMA supporting it... Cant move below LOC...
How will be the move....?
Awaiting for your view...
Regards,
Diwakar R. |
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SwingTrader
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| Post: #4 Posted: Mon Aug 02, 2010 9:27 am Post subject: |
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If NF continues down into the BULL-R1 band, there can be significant support around BULL level as both 34 & 89 EMAs are also there.
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diwakar
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| Post: #5 Posted: Mon Aug 02, 2010 9:30 am Post subject: Axisbank -1M |
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Dear ST,
Axisbank-1M reversing from Bull-R1 band... 50EMA supporting it and cant move below LOC...
How will the move....?
Awaiting for your views....
Regards,
Diwakar R. |
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SwingTrader
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| Post: #6 Posted: Mon Aug 02, 2010 9:33 am Post subject: Re: Axisbank -1M |
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| diwakar wrote: | Dear ST,
Axisbank-1M reversing from Bull-R1 band... 50EMA supporting it and cant move below LOC...
How will the move....?
Awaiting for your views....
Regards,
Diwakar R. |
Watch for a break below LOC...only then it is bearish. In such cases watch Axis bank CASH scrip for clues (chart attached here). Cash is currently in BULL-R1 band...so a break in cash below BULL can trigger a fall in fut below MAs & LOC.
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dilesh
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| Post: #7 Posted: Mon Aug 02, 2010 9:44 am Post subject: |
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hi ST sir,
GM.. Is Aban looking good to short with a SL above R1?
Thanks,
Dilesh |
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SwingTrader
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| Post: #8 Posted: Mon Aug 02, 2010 9:49 am Post subject: |
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| dilesh wrote: | hi ST sir,
GM.. Is Aban looking good to short with a SL above R1?
Thanks,
Dilesh |
Yes, it looks like a good short at the moment. The 34/89 EMAs along with BULL-R1 band will provide additional resistance if price rallies from here.
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SwingTrader
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| Post: #9 Posted: Mon Aug 02, 2010 9:52 am Post subject: |
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One clarification for diwakar for AXISBANK-1M. The only reason why I said it was bearish below LOC was the SMA support to price. A break below LOC was for confirmation. In any case a break below BULL is enough reason to short if price has hit BULL-R1 resistance before.
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trades4girish
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| Post: #10 Posted: Mon Aug 02, 2010 10:05 am Post subject: |
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| ST Sir : Is it now advisable to go long in NF as even 34 & 89 ema is giving crossover and NF is above R1? What u suggest ?? |
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diwakar
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| Post: #11 Posted: Mon Aug 02, 2010 10:08 am Post subject: Axisbank-1m |
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| SwingTrader wrote: | | One clarification for diwakar for AXISBANK-1M. The only reason why I said it was bearish below LOC was the SMA support to price. A break below LOC was for confirmation. In any case a break below BULL is enough reason to short if price has hit BULL-R1 resistance before. |
Dear ST
Thank you very much for your immediate response...
Price broke below LOC... And it is found support in LOC-BEAR band...
Now Moving above LOC.... Hope the EMA would resist it...
My sl is above ema... Lets wait and watch...
Regards,
Diwakar R. |
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SwingTrader
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| Post: #12 Posted: Mon Aug 02, 2010 10:15 am Post subject: |
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| trades4girish wrote: | | ST Sir : Is it now advisable to go long in NF as even 34 & 89 ema is giving crossover and NF is above R1? What u suggest ?? |
It is fine as long as your SL is just below BULL level. Also, I would like to go long on a strong upside bar (confirming the upside strength)....otherwise currently it looks more like a sideways move. The bias, of course, is bullish.
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dilesh
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| Post: #13 Posted: Mon Aug 02, 2010 10:37 am Post subject: |
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ST sir,
Thanks for your guidance for Aban.
Would you also consider Sunpharma & Educomp Bearish as of now?
I think Educomp should break 89 ema to confirm
Regards,
Dilesh |
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| Post: #14 Posted: Mon Aug 02, 2010 10:45 am Post subject: |
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| dilesh wrote: | ST sir,
Thanks for your guidance for Aban.
Would you also consider Sunpharma & Educomp Bearish as of now?
I think Educomp should break 89 ema to confirm
Regards,
Dilesh |
SUNPHARMA is bearish. EDUCOMP has broken down below BULL but both EMAs are just below it so, as you rightly said, a break below LOC is necessary to confirm short.
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SwingTrader
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| Post: #15 Posted: Mon Aug 02, 2010 11:59 am Post subject: |
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Strong moves above BULL-R1:
ADANIENT, BHARTIARTL, HDIL, ICICIBANK, ORBITCORP, SBIN
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