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For Chirag-20/35/55 sma study for nifty |
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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Post: #241  Posted: Fri Apr 20, 2012 12:11 pm Post subject: Indianbank |
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Hi Rahul,
Just go thru the indian bank on SMA strategy . seems it is a shorting candidate. after EOD today.
Vishy |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #242 Posted: Fri Apr 20, 2012 3:38 pm Post subject: Hi Rahul |
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Hi Rahul,
One more doubt in this strategy.
For say yesterday a stock closed abv 55SMA Hight, but today it touched 55SMA Close and went below but closed abv the 55 SMA close. So what will we do. Do we exclude the stock completely or we can wait to take a position once in doesnt touch 55SMA Close the next day. My doubt is shld the close abv 55 SMA high and the next day it shld not touch 55 SMA close should be continuos. The example for thids can be Bajaj-auto today
Vishy |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #243 Posted: Fri Apr 20, 2012 3:43 pm Post subject: |
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| next day, it should not close below 55 sma close. then buy third day |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #244 Posted: Fri Apr 20, 2012 4:01 pm Post subject: |
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what i am doing is -- let it close above 55 sma high-- next day it should not go below 55 sms close intraday also-- and then if that qualifies till 3.29-- u can go long
if it went below 55 sma close then wait for next day-- and then take it |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #245 Posted: Fri Apr 20, 2012 5:32 pm Post subject: |
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stop loss of pantaloon hit at 173-- went straight to 167 area and closed at 171.50--
On monday again buy above 173 |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #246 Posted: Fri Apr 20, 2012 8:57 pm Post subject: Hi Rahul & Vinay, |
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| Rahulsharmaat wrote: | stop loss of pantaloon hit at 173-- went straight to 167 area and closed at 171.50--
On monday again buy above 173 |
Hi Rahul & Vinay,
Thanx for your suggestions and advice. As per our say, even though if on the second day the stock goes below SMA 55 close then we can wait for the third day and take a position. Regarding Pantaloon honestly speaking i wasnt comfortable with the SL as the market is sideways. But , YES as Rahul said i have an idea of buying the stock again at 172.50-173 lvls coz 171 lvls on EOD basis seems to be a strong support for the stock. ALSO THE OTHER QUERY OF MINE IS . IS THERE ANY SCREENER OF SAY ANY METHOD TO FIND THE STOCKS THAT FALL IN THIS CATEGORY.BCOZ SCANNING ALL THE @@) STOCKS IS A DIFFICULT PROCESS.
Have your say Rahul & Vinay.
Vishy |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #247 Posted: Sat Apr 21, 2012 2:09 pm Post subject: |
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I gave stop loss at 173-- and one can re enter again
Now if u are a day trader and dont want much risk then trade
15 min TF 55 sma-- in Bhel -- reliance capital-- n Nifty
Where stop loss is pre determined as well targets also
Bhel Sl 3 points-- target 5 points
R Capital sl 7 points-- target 20 points
Nifty Stop loss 30 points target 90 points--
and few more rules-- that u can ask-- if at all u feel it good |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #248 Posted: Sat Apr 21, 2012 4:34 pm Post subject: Hi Rahul, |
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| Rahulsharmaat wrote: | I gave stop loss at 173-- and one can re enter again
Now if u are a day trader and dont want much risk then trade
15 min TF 55 sma-- in Bhel -- reliance capital-- n Nifty
Where stop loss is pre determined as well targets also
Bhel Sl 3 points-- target 5 points
R Capital sl 7 points-- target 20 points
Nifty Stop loss 30 points target 90 points--
and few more rules-- that u can ask-- if at all u feel it good |
Hi Rahul,
U mean to say on a 15tf Buy abv 55 SMa and sell below 55 sma, bocoz we cant get low hight close of 55sma in J charts premium.
Vioshy |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #249 Posted: Mon Apr 30, 2012 1:29 pm Post subject: |
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Pantaloon given at 174.50-- sl hit at 173--- loss 1.50 points
Pantaloon bought at 173-- sl at 171-- loss 2 points
Pantaloon again buy at 173-- now at 184.5
Loss trades 3.5 points
gain trade now at 11.5 points
Book Pantaloon at 184.50--- net gain Rs 8000
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #250 Posted: Fri Apr 19, 2013 10:08 am Post subject: Re: sharma ji |
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| chiragbvyas wrote: | 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. |
Chiragji,
Tcs is a short? It closed belie SMA 55 low day before yesterday and yesterday in intraday it did cross the SMA55 close but closed below 55 SMA low.
Thanks. |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #251 Posted: Sat Apr 20, 2013 7:39 pm Post subject: Re: sharma ji |
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| EssJay wrote: | | chiragbvyas wrote: | 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. |
Chiragji,
Tcs is a short? It closed belie SMA 55 low day before yesterday and yesterday in intraday it did cross the SMA55 close but closed below 55 SMA low.
Thanks. |
Dear ess jay
On behalf of chirag i am replying yr query as he is not in town.
55 SMA high is your closing base stop loss
tcs is short candidate. One more thing .. TCS result is nearby so trade with care.
Bharat. |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #252 Posted: Sun Apr 21, 2013 10:45 pm Post subject: Re: sharma ji |
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| bharatpatel wrote: | | EssJay wrote: | | chiragbvyas wrote: | 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. |
Chiragji,
Tcs is a short? It closed belie SMA 55 low day before yesterday and yesterday in intraday it did cross the SMA55 close but closed below 55 SMA low.
Thanks. |
Tcs result s already out.
Regards
Dear ess jay
On behalf of chirag i am replying yr query as he is not in town.
55 SMA high is your closing base stop loss
tcs is short candidate. One more thing .. TCS result is nearby so trade with care.
Bharat. |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #253 Posted: Sun Apr 21, 2013 10:59 pm Post subject: |
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Bharat,
The result was already out at the time of posting and it was good.
Regards |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #254 Posted: Mon Apr 22, 2013 2:03 pm Post subject: |
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| EssJay wrote: | Bharat,
The result was already out at the time of posting and it was good.
Regards |
effect also seen in the price |
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hmpatil
White Belt
Joined: 15 Jun 2011
Posts: 59
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| Post: #255 Posted: Tue Apr 23, 2013 5:27 pm Post subject: |
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| How to set target & stoploss in this method? |
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