iCharts Discussions

[Rahulsharmaat]

it went long way back-- so retest of 55 sma --if at all-- then u can take small risk

[anantha]

glenmark pharma above 55 sam high what about it?

[chiragbvyas]

if nifty do not go below 5266 then will bounce back, those who are long in nifty stop loss is 5266

[manass]

Hi Chraag,
Concept looks good
Regard

[acharyams]

[Rahulsharmaat]

MRF future also below 55 SMA-- and today srtaight 6530-- to 6230--- thats 300 points-- which is Rs 38000 in a lot


thats the power of 55 SMA

all thanks to chiraggggggggggggggggggggggg

[acharyams]

chiragbvyas sir,
sl HIT in SPOT but not in future.
LONG still?[/quote]

[chiragbvyas]

pls pls pls no one need to be thankful to me. just a request, stick to your plan. never trade without stop loss . keep searching strong and weak counters. update regularly. it will take time to get breake out and a valid entry in trade. when weak counter gives break out u will get nice bull run and strong counter gives u break out then you have nice joy riding down side.

make your fortune here in this same market where u have taken heavy loss in past. after 2 or 3 months of regular using this system u will realize yr mistakes made in past. this system will save u from heavy losses and save and increase yr profits if really u have got valid entry and not exited until yr stop loss has been taken. after valid entry ( both conditions fulfilled) STOP LOSS IS YOUR GOD. never close yr position on market price, exit only by STOP LOSS.

wish you all the best.

[chiragbvyas]

acharyams,

which data you watch for break out ? cash or fut ?

decide your stoploss accordingly. o k.

one more thing dont tell me chiragbvyas sir ok.

chirag is my name
B stands for my father's name initial
vyas is my surname.

better u call me chirag.

[Rahulsharmaat]

as advised

Shorts;;
===============================================
ABB made 838 n closed below 830-- -- Short in hand
Lic made 220.7-- closed below 217--- short in hand
Itc- Didnt cross 55 SMA close so its also a fresh short Before market close
===============================================



Longs
===============================================
Hero Honda--- 55 Sma high was 1772-- it reached there and crashed to 1725 area-- still long

Hdfc abnk -- Still long

==============================================


Fresh short is BPCL -- if tom dont cross 55 SMA close 626-- then short



==============================================

Keep close eye on havells-- can bounce as holding 55 sma close n low--


==============================================

and keep eye on BRFL also


==============================================

[chiragbvyas]

sharma ji,

very good. keep hard working. whenever you have time always search for scripts. just look at chart and identify which scripts is coming down from long bull run or trying to come above 55 days sma after a down trend. it will sure give u a big money if u could find a valid entry.

best of luck.

[Rahulsharmaat]

chirag bhai-- please suggest some script-- that will be helpfull

[chiragbvyas]

we are holding short in yes bank with stop loss of 306. we initiated short sell at 296.8 before six days when it closed 296.85 (nse cash).

we have decided to short kotak bank today if it gives close below 429.80

after yes bank is completed ( either good profit or stop loss taken ) we will search for another script or may be after waiting for 2 or 3 days we can initiate a buy or once again short yes bank either side the break out is.

in yes bank itself we have got multiple valid entries. we are playing it since 13 months, and got money both the side. if it's an upside break out we buy in nse cash (delivery) or it's down side we short in f & o.

so i think we don't need too much scripts to play. 5 or 7 liquid scripts are enough then just wait for valid entry and that's it.

[nageswararao_v]

[Rahulsharmaat]

he follows EOD