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IDFC chart |
indira67
White Belt
Joined: 01 Feb 2013
Posts: 6
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Post: #1  Posted: Sat Feb 16, 2013 11:48 pm Post subject: IDFC chart |
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attached IDFC Chart .Given my observations & this is only for Ur comments
Thanks
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #2 Posted: Sun Feb 17, 2013 9:24 am Post subject: |
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We do not buy like this for swing trading. It is very clear LH LL visible in the chart. For swing buy, allow it to make HH HL. Least it has to take out last LH which is short SL.
Your chart tells that it can take a turn there. This is true, probably it is good point for those who are already short.
160 around short will cover. We can take 1/2 long there, but see SL, 145, is it not very far? I will avoid.
After crossing 160, allow a pull back around 150-155, it make sense then with SL 145.
If 160 is not crossed then it will break below 145 or what ever was recent low.
Hope this make sense for you and others.
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indira67
White Belt
Joined: 01 Feb 2013
Posts: 6
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| Post: #3 Posted: Sun Feb 17, 2013 9:55 am Post subject: |
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| sw_das wrote: | We do not buy like this for swing trading. It is very clear LH LL visible in the chart. For swing buy, allow it to make HH HL. Least it has to take out last LH which is short SL.
Your chart tells that it can take a turn there. This is true, probably it is good point for those who are already short.
160 around short will cover. We can take 1/2 long there, but see SL, 145, is it not very far? I will avoid.
After crossing 160, allow a pull back around 150-155, it make sense then with SL 145.
If 160 is not crossed then it will break below 145 or what ever was recent low.
Hope this make sense for you and others. |
Thank you for your valuable comments ,this definetly helps to improve the chart reading . once again thanks
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #4 Posted: Mon Feb 18, 2013 10:48 am Post subject: hi |
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IDFC .......
it needs to close above 163 to start a meaningful bull run towards 175.
below 163 my target is 153.
Rightnow i am long with closing base stop loss of 153 on daily chart.
Close below 153 will take it to 143 137 131.
Plus a close below 131 idfc can move down up to 114-110
A close above 175 will take it to 182 and close above 182 will start a great bull bull run which will intact for long time.....
All above mentioned levels are just my views and they are time tested, hope will help you to play this counter...
Regards...
Chirag...
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Andre
White Belt
Joined: 06 Jun 2012
Posts: 220
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| Post: #5 Posted: Mon Feb 18, 2013 11:03 am Post subject: Re: hi |
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Hi Chirag,
How did you reach to the price target....please help us in this regard....
Thanks
| chiragbvyas wrote: | IDFC .......
it needs to close above 163 to start a meaningful bull run towards 175.
below 163 my target is 153.
Rightnow i am long with closing base stop loss of 153 on daily chart.
Close below 153 will take it to 143 137 131.
Plus a close below 131 idfc can move down up to 114-110
A close above 175 will take it to 182 and close above 182 will start a great bull bull run which will intact for long time.....
All above mentioned levels are just my views and they are time tested, hope will help you to play this counter...
Regards...
Chirag... |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #6 Posted: Mon Feb 18, 2013 11:09 am Post subject: Re: hi |
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| Andre wrote: | Hi Chirag,
How did you reach to the price target....please help us in this regard....
Thanks
| chiragbvyas wrote: | IDFC .......
it needs to close above 163 to start a meaningful bull run towards 175.
below 163 my target is 153.
Rightnow i am long with closing base stop loss of 153 on daily chart.
Close below 153 will take it to 143 137 131.
Plus a close below 131 idfc can move down up to 114-110
A close above 175 will take it to 182 and close above 182 will start a great bull bull run which will intact for long time.....
All above mentioned levels are just my views and they are time tested, hope will help you to play this counter...
Regards...
Chirag... |
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Dear Andre,
Just put horizontal lines in daily charts as levels i have written and see the chart u will understand it.
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #7 Posted: Thu Feb 21, 2013 8:39 pm Post subject: |
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| Now it has come to the deal point for swing.
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #8 Posted: Fri Mar 01, 2013 1:19 pm Post subject: Re: hi |
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| chiragbvyas wrote: | IDFC .......
it needs to close above 163 to start a meaningful bull run towards 175.
below 163 my target is 153.
Rightnow i am long with closing base stop loss of 153 on daily chart.
Close below 153 will take it to 143 137 131.
Plus a close below 131 idfc can move down up to 114-110
A close above 175 will take it to 182 and close above 182 will start a great bull bull run which will intact for long time.....
All above mentioned levels are just my views and they are time tested, hope will help you to play this counter...
Regards...
Chirag... |
As of now IDFC made low of 143.05
Happy trading...
Chirag...
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