iCharts Discussions

SwingTrader · Posted: Tue Jul 27, 2010 9:12 am Post subject:

NF opened just below BULL-R1 band and almost hit it. Strong resistance here : BULL-R1 + 89 EMA. A break down from here will result in significant move to the downside. For serious buying to come in, NF will have to clear R1 and stay above it.

More later...

SwingTrader · Posted: Tue Jul 27, 2010 9:15 am Post subject:

SwingTrader · Posted: Tue Jul 27, 2010 9:27 am Post subject:

Watch SAIL....it is breaking out above BULL-R1.

Update: It is unable to clear R1 firmly...will have to watch a close above R1 and a 1-2 bar consolidation above R1 is needed. If it reverses and breaks down below bull then there can be significant downside.

SwingTrader · Posted: Tue Jul 27, 2010 9:41 am Post subject:

SBIN at BULL-R1 resistance. Additionally 89 EMA is just above BULL-R1 which means more resistance around here. Price will have to break above bull-r1 and 89 ema for upmove. On the other hand a break down below bull may result in significant down move.

SwingTrader · Posted: Tue Jul 27, 2010 9:52 am Post subject:

Will post on & off today as I am going to be out of the office for some work...no trades for me today.

Good luck!!!

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

hi ST sir,
Most of the stocks amazingly bounced off their Bear levels.. seems many big players have also started to trade according to your levels Very Happy

sir, Currently I find HDFC can move up significantly. what would be your opinion.
Thanks,
Dilesh

optimist · White Belt Joined: 06 May 2010 Posts: 18

Hi Srikanth,

There are 2 things here :

1.Icharts levels
2.89 & 34 EMA

In some trades , you are considering 89EMA along with icahrt levels and in some trades you are just considering ichart levels.

How do you make this decision ?

SwingTrader · Posted: Tue Jul 27, 2010 2:18 pm Post subject:

SwingTrader · Posted: Tue Jul 27, 2010 2:48 pm Post subject:

optimist · White Belt Joined: 06 May 2010 Posts: 18

SwingTrader · Posted: Wed Jul 28, 2010 9:26 am Post subject:

NF has opened between the two bands, waiting for it to take support or hit resistance at one of the bands....will then take action on how it reacts at one of the bands.

Until then looking at stocks....

trades4girish · White Belt Joined: 10 Jul 2009 Posts: 22

Dear ST Sir,

if 34 & 89 EMA crossover is there and the price is below LOC we can go short there also ?? as in the current scenario of 5 Min TF.

Girish Hanchate

SwingTrader · Posted: Wed Jul 28, 2010 9:50 am Post subject:

Many stocks are in the same boat as NF...hovering between the two bands...just watch for now.

TATASTEEL is bullish. It has bounced off the BULL-R1 band and is also getting supported by 89 EMA.

SwingTrader · Posted: Wed Jul 28, 2010 10:54 am Post subject:

SwingTrader · Posted: Wed Jul 28, 2010 10:55 am Post subject:

I will not be able to post for today as I am out on personal work. Will post later in the evening.

Good luck to you all.