iCharts Discussions

Padkondu · White Belt Joined: 23 Jan 2008 Posts: 120

Dear i chartians!

I would like to share the strategy that i have been using for my swing trading. the document may look un finished, but as we proceed further with some chart examples, it gets clear. i reques Srikanth sir to take charge of this as i do not have much time to follow up continuously. how ever i can interact during week ends. i gave the details in the word document that is attached here so that we can download as save.

regards
Padkondu

Padkondu · White Belt Joined: 23 Jan 2008 Posts: 120

Yes bank is in up trend as per the system in 60 min tf.
no resistance is seen on eod chart at current level and only resistance is the previous high of 375

yes bank appears to have finished the cup-handle pattern in 60 min chart. it is more elaborate in the 15min chart. in 15 min chart the pattern neck line is broken and the price reverted to thenn neck line at closing. i consider buying this future in the firs half an hour of the todays session if i get the cci buy sgnal in 15 min chart with a stop loss of 349.75 just below the last candle. the macd 3,10,16 the macd line is still above the signal line and cci has touched -100. once the cci crosses 0 on closing of the cnadle i intend to go long with above stop.

Padkondu · White Belt Joined: 23 Jan 2008 Posts: 120

Inverted HS Pattern seen in BHEL EOD Chart. and the neck line broken. if todays candle closes above da neck line,

BHEL entered up trend in 60 min time frame.
so i consider taking position in 15 min tf on cci buy signal.

Padkondu · White Belt Joined: 23 Jan 2008 Posts: 120

CAIRN is in an up trend in eod and 60 min charts.

however consolidation is obseerved in both the chart.

15 min tf indicates the cup&handle continuation pattern

i consider going long in cairn above 384. wid initial stop at 375. subsequently the trailing stop could be ema(21,low)

Padkondu · White Belt Joined: 23 Jan 2008 Posts: 120

negetive divergence in yesbank 60 min chart and failure to go past monthly pivot and a shooting star on eod.

my be yes below todays low of 361.

Padkondu · White Belt Joined: 23 Jan 2008 Posts: 120

I noticed Head and Shoulder bearish reversal pattern, in 60 min chart of ALBK. though the pattern is incomplete, the MACD(34,89,21) is indicating possible reversal, MACD(8,17,6) already went in to down trend. the shifting of RSI(10) from ob to os is another indication of reversal. with all this a Head and shoulder pattern apart from the volume analysys. i consider going short on break of neck line with stop above 192 which is the current swing high.