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How to trade using iCharts Levels - C T Ramesh Raja Method |
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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Post: #46  Posted: Mon Jul 09, 2012 12:04 pm Post subject: |
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| sherbaaz wrote: | | sumesh_sol wrote: | MARUTI..
Looking good to short below.. bear-20 (1190) |
20 points is for nifty not for each and every scrip. filter will differ from scrip to scrip. its not something mechanical which u can keep same for every scrip.
regds, |
You are correct that 20 points is for nf , and I'm working out different nos for diff. scrips. For example, I have found for relinfra 5 points and for asianpaint 10 points works . This I'm observing for few couple of days. I may change it little bit to finetune..
Ramesh sir has given a general guideline in SB few days back that for scrips above 1000, we can take as bear-10, for 500-1000 scrips we can take bear-5.. Ofcourse, they still are general guidelines. One can finetune his/her nos based on observations...
regards,
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #47 Posted: Mon Jul 09, 2012 12:50 pm Post subject: |
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| NIfty SL triggered with this for buy 5293 and avged at 5283 ,awaiting clear strategy from experts for executing on it
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #48 Posted: Tue Jul 10, 2012 9:42 am Post subject: ASIANPAINT |
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ASIANPAINT...
LONG above bull+20 as showing strenght...
SL Bull level(3709)
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #49 Posted: Tue Jul 10, 2012 10:10 am Post subject: RELINFRA ..5TF |
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RELINFRA ..5TF
==========
Showing resistance at bull+5 level .. Also on 30tf, 89/34 ema at 360, so shorted with SL @bull+10(363.5) with tgt LOC & bear
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #50 Posted: Tue Jul 10, 2012 10:23 am Post subject: Re: ASIANPAINT |
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| sumesh_sol wrote: | ASIANPAINT...
LONG above bull+20 as showing strenght...
SL Bull level(3709) |
u should have waited for retracement. to bull-loc level to go long.
regds,
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #51 Posted: Tue Jul 10, 2012 10:52 am Post subject: Re: ASIANPAINT |
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| sherbaaz wrote: | | sumesh_sol wrote: | ASIANPAINT...
LONG above bull+20 as showing strenght...
SL Bull level(3709) |
u should have waited for retracement. to bull-loc level to go long.
regds, |
Sherbaaz bhai, as such you are correct , however of late I'm seeing prices are not coming upto bull level after crossing bull+20 level.. They are either retracing upto r1 or not retracing at all.. I decided to go long seeing price action at bull+20 level..
Anyways, if my stop hits and if I see it finding support @bull-loc zone then I will again go long with stop @LOC..
regards,
Sumesh
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #52 Posted: Tue Jul 10, 2012 2:21 pm Post subject: |
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Now today seems to be day for Long above bull+20..
But the problem is how to identify such moves, where instead of waiting for pullback upto bull level, we can directly go Long ... ???
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arnav2007
White Belt
Joined: 29 Jun 2009
Posts: 46
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| Post: #53 Posted: Wed Jul 11, 2012 9:30 am Post subject: |
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Trade taken long @ 5333 ie. 10p below bear level SL 5323 i.e 20 p below bear level
lets see!
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #54 Posted: Wed Jul 11, 2012 9:52 am Post subject: |
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following are some of the stock futures having imperfect close:
IMPERFECT BULLISH CLOSE:
1) DLF
2) HUL
3) NTPC
4) ONGC
5) TATASTEEL
6) TCS
7) WIPRO
IMPERFECT BEARISH CLOSE:
1) ASIAN PAINT
2) JUBLFOOD
3) SBIN
Regds,
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arnav2007
White Belt
Joined: 29 Jun 2009
Posts: 46
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| Post: #55 Posted: Wed Jul 11, 2012 10:17 am Post subject: |
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| sherbaaz wrote: | following are some of the stock futures having imperfect close:
IMPERFECT BULLISH CLOSE:
1) DLF
2) HUL
3) NTPC
4) ONGC
5) TATASTEEL
6) TCS
7) WIPRO
IMPERFECT BEARISH CLOSE:
1) ASIAN PAINT
2) JUBLFOOD
3) SBIN
Regds, |
Dear sherbaaz
Kindly explain full strategy of Imperfect Bearish/Bullish close as dicussed in SB as it will benefit the readers
Thanks
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #56 Posted: Wed Jul 11, 2012 3:58 pm Post subject: |
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Hello Arnav
How can you go long today in NF, when on open it was below 5325.60. It was a perfect short when it bounced above BEAR level with SL at LOC 5357.80
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arnav2007
White Belt
Joined: 29 Jun 2009
Posts: 46
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| Post: #57 Posted: Wed Jul 11, 2012 4:47 pm Post subject: |
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| rameshraja wrote: | Hello Arnav
How can you go long today in NF, when on open it was below 5325.60. It was a perfect short when it bounced above BEAR level with SL at LOC 5357.80 |
OK raja sir
I am testing the same, I make a wrong move.
thanks
Arnav
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bolband_macd
White Belt
Joined: 06 Sep 2011
Posts: 104
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| Post: #58 Posted: Wed Jul 18, 2012 5:43 pm Post subject: Imperfect Bullish Close on NF |
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Friends,
Todays (18th July 2012) NF close is an "Imperfect Bullish Close".
Eventually, it will be less risky to open Short Positions on every rise. I believe, 5180 will be tested again tomorrow on 19th July.
Ramesh sir, correct me if I am wrong.
Lets see Price movement tomorrow then.
Trade safe,
BM
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pattiboy02
White Belt
Joined: 16 Mar 2009
Posts: 220
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| Post: #59 Posted: Wed Jul 18, 2012 8:36 pm Post subject: Re: Imperfect Bullish Close on NF |
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| bolband_macd wrote: | Friends,
Todays (18th July 2012) NF close is an "Imperfect Bullish Close".
Eventually, it will be less risky to open Short Positions on every rise. I believe, 5180 will be tested again tomorrow on 19th July.
Ramesh sir, correct me if I am wrong.
Lets see Price movement tomorrow then.
Trade safe,
BM |
Dear BB
I've read discussion about Imperfect Bullish/bearish close in SB
But some thing is missing in understanding it
Kindly put it again here
thanks
Ashish
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #60 Posted: Wed Jul 18, 2012 8:58 pm Post subject: |
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| Imperfect bullish close, what it means ?
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