|
|
| View previous topic :: View next topic |
| Author |
Newbie Probable Trades - Tribute to our Teachers. |
casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
|
Post: #106  Posted: Tue Feb 22, 2011 10:30 pm Post subject: |
 |
|
| singh.ravee wrote: | Casper,
Major observations;
1. A bullish divergence at previous support of 640.
2. Today's session is consolidation or congestion.
3. No strong reversal signal.
4. Based on this bullish divergence, I will avoid it until i receive strong candlestick reversal signal.
For your valuable observations.
Regards
ravee |
nice observation
now, as u trade candles so u will use candlesticks to establish a reversal
and as i trade with pivots so for me , a div above pivot or associated level is enough to go long with a sl below ms1
up to this much, its u knew, i knew, known to all
now the secrete part, an open secrete too
u know i am sorry to say, i hv seen so many div trader in the forum, so many, with due respect to all of them, (they might look things at another point of view)
i am putting a few points which i never got from them!!!
what a div exactly means?
an exhaustion of the current trend and nothing else
where it is supposed to show up 1st?
ofcourse in lesser tf first and the more it carried over the more it becomes visible in higher tf, so naturally, a lesser tf div will work faster and a higher tf, such as 60 min or daily tf div will work later, (simply bcoz their respective time consumption they need to close a candle)
thats why, for immediate movement predication and very short term trading, div in lesser tf holds greater importance than higher tf
u might remember, once i told u in the forum, that one should know which data to use and which data to avoid while commenting on ur OI interpretation, wher u looked at far away 200 sma. and i told u to see div in lesser tf as on that day, we had a div in 5 min tf and then on the next day, nifty went up
why? only due to + div in lower tf
even , u may find a post in my thread of sunday where i explained nifty possiblities
depending on 5 min tf i predicted i expect an intra pull back and still i am not bullish
what happened then?
monday was green and today red
thats why
apart from tatmtrdvr's div, whenever u try to trade a div immediately, look for smaller tf div and when u r to take a position, or can waiit upto another day, go for higher tf div
all i wrote here is just according my belief
just make a back testing and find out what i say is true or not about div
u might give up any other method of trading if u back test it
ps: i hv some prb in my eyes, so typed wid gr8 diffculties, but i will surely wait for ur response, plz take a back testing of nifty in 5 min div
|
|
| Back to top |
|
 |
|
| |
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #107 Posted: Tue Feb 22, 2011 11:04 pm Post subject: |
|
|
Casper,
thank u so much for your reply.
I totally agree with you as far as checking div in lower tf is concerned. Infact my yesterday's trade of nifty was based on lower tf of 15 min. I trade primarily in 60min so I use 15min as lower tf.
Hope, tonight's sleep will refresh your eyes. 
Keep Sharing.
regards
ravee |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #108 Posted: Sun Jul 24, 2011 6:13 pm Post subject: Some trading set-ups for week 25-07 to 29-07 |
|
|
SELL LUPIN AT 455-460, SL - 470, T - 442, 431.
SELL LICHOUSING AT 216-220, SL - 227, T - 209, 203
SELL KOTAKBANK AT 490-496, SL-506, T - 475, 462
BUY PATNI AT 332-335, SL - 324, T - 345, 354
BUY RENUKA AT 72-73, SL- 69, T- 76, 79
BUY SBI ABOVE 2570 ON CLOSING BASIS, MAINTAIN SL - 2530, T - 2620, 2650.
ABOVE RECOMMENDATION IS BASED ON WEEKLY CHART PRICE MOVEMENT. |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #109 Posted: Wed Jul 27, 2011 9:48 pm Post subject: Re: Some trading set-ups for week 25-07 to 29-07 |
|
|
| chetan83 wrote: | SELL LUPIN AT 455-460, SL - 470, T - 442, 431.
SELL LICHOUSING AT 216-220, SL - 227, T - 209, 203
SELL KOTAKBANK AT 490-496, SL-506, T - 475, 462
BUY PATNI AT 332-335, SL - 324, T - 345, 354
BUY RENUKA AT 72-73, SL- 69, T- 76, 79
BUY SBI ABOVE 2570 ON CLOSING BASIS, MAINTAIN SL - 2530, T - 2620, 2650.
ABOVE RECOMMENDATION IS BASED ON WEEKLY CHART PRICE MOVEMENT. |
As on 27-07-11 (cash levels)
SELL LUPIN AT 455-460, SL - 470, T - 442, 431.
High - 466.70, Low - 447, 1st target still open.
SELL LICHOUSING AT 216-220, SL - 227, T - 209, 203
High - 221.40, Low - 213.15, 1st target still open.
SELL KOTAKBANK AT 490-496, SL-506, T - 475, 462
All target achieved.
BUY PATNI AT 332-335, SL - 324, T - 345, 354
Buying triggered, SL Hit.
BUY RENUKA AT 72-73, SL- 69, T- 76, 79
1st target missed by 0.50 paisa, call open as SL not taken.
BUY SBI ABOVE 2570 ON CLOSING BASIS, MAINTAIN SL - 2530, T - 2620, 2650.
SBI Call not activated. |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #110 Posted: Wed May 09, 2018 10:54 pm Post subject: TCS_Daily |
|
|
Dear Traders,
Attached is the chart of TCS Daily.
1st scenario where there was a 3 point breakout on 11-04-18 and TCS rallied almost 15% from there....
3 point here means- high of an uptrend followed by swing low, then again a new high followed by a new low........this type of scenario you also get in breakdown.....on 3rd point...check for volume and candle close above the Trendline. Stop Loss can be taken as previous candle low (for long) or candle high (for short).
2nd Scenario - Now, in current chart, there is a Flag and a pole pattern getting build up in daily chart of TCS, a close above 3515 in spot will take this stock to 3600-3700 in few weeks. SL will be 3435 n spot.
Regards,
Chetan. |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #111 Posted: Thu May 10, 2018 8:22 pm Post subject: Re: TCS_Daily |
|
|
| chetan83 wrote: | Dear Traders,
Attached is the chart of TCS Daily.
1st scenario where there was a 3 point breakout on 11-04-18 and TCS rallied almost 15% from there....
3 point here means- high of an uptrend followed by swing low, then again a new high followed by a new low........this type of scenario you also get in breakdown.....on 3rd point...check for volume and candle close above the Trendline. Stop Loss can be taken as previous candle low (for long) or candle high (for short).
2nd Scenario - Now, in current chart, there is a Flag and a pole pattern getting build up in daily chart of TCS, a close above 3515 in spot will take this stock to 3600-3700 in few weeks. SL will be 3435 n spot.
Regards,
Chetan. |
Today, there was a profit booking day in TCS.
A close below 3410 in daily will cancel the Flag and pole pattern.....BUY ONLY ABOVE 3510/3515 closing in EOD for building any long position.
Last edited by chetan83 on Thu May 10, 2018 8:36 pm; edited 1 time in total |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #112 Posted: Thu May 10, 2018 8:30 pm Post subject: Glenmark_EOD |
|
|
Hi,
A probable set-up of +ww in Glenmark daily......
Buy only if the candle closes above the lower TL.
Immediate Target will be 550.....and short term target will be 625++
There was a similar +WW where buy confirmation at point 5 was on 20-12-17 (attached chart) which did half way and fell...(550 to 645)
As per my understanding, this is the 2nd such set-up getting build up again...
Don't, buy in a hurry......let us get the confirmation first....
Delivery based investors may buy in small quantity.
Please note: Glenmark made 52 weeks low today (511.10) CMP - 515.50
Regards,
Chetan. |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #113 Posted: Thu May 10, 2018 10:16 pm Post subject: Orient Cement_Daily |
|
|
Chart of Orient Cement Daily.
Price is at point 5......investors can accumulate from here on...
CMP - 123.30.......T - 150++ |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #114 Posted: Thu May 10, 2018 10:26 pm Post subject: ULTRATECH CEMENT_DAILY |
|
|
ULTRATECH CEMENT bounced from its 3rd support point....volume is good.....price took support at Monthly S1.
Risk players can buy at CMP - 3998.50
SL - 3930 (CB) closing basis or below the Trendline.
T - 4200++ |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #115 Posted: Thu May 10, 2018 11:03 pm Post subject: JINDAL STEEL_DAILY |
|
|
JINDAL STEEL fell today with result......
If you see the chart.....stock is in bullish mode since many months...
There was a 3 point breakout on 09-04-18 at 242.90.....price made high of 263.75 on 19-04-18.
Now, in current scenario....tomorrow or in coming days will test the patience.....a close below the TL (below 238) is bad and can take the stock to 225.....worse case can see 200 SMA at 198....
On positive side...a green candle close at the TL will again take the stock to 265/270+ |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #116 Posted: Fri May 11, 2018 12:51 pm Post subject: BPCL_DAILY |
|
|
On 24-04-18, I posted a chart on BPCL daily.....+WW....when it was trading at 383.20......There after it made a perfect double bottom at point 5 and now it is trading above the lower TL.....
Still a good time to initiate long for 430/480++ target. |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #117 Posted: Fri May 11, 2018 3:45 pm Post subject: |
|
|
For next week....Target of BPCL will be around 416.....
closing above can see further upmove.....keeping Karnataka election result in mind....trade cautiously... |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #118 Posted: Fri May 11, 2018 9:05 pm Post subject: BPL_Daily |
|
|
BPL is trading at point 3, in medium Term Trendline....CMP - 74.10....
Risky investors can add up here or wait for Green closing on the TL.
Target can be 85, closing above that will take it to 100+ in medium term.
On the other hand if this TL is broken on daily chart in coming days...simply exit and wait for other confirmation to go long. |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #119 Posted: Fri May 11, 2018 9:09 pm Post subject: Re: JINDAL STEEL_DAILY |
|
|
| chetan83 wrote: | JINDAL STEEL fell today with result......
If you see the chart.....stock is in bullish mode since many months...
There was a 3 point breakout on 09-04-18 at 242.90.....price made high of 263.75 on 19-04-18.
Now, in current scenario....tomorrow or in coming days will test the patience.....a close below the TL (below 238) is bad and can take the stock to 225.....worse case can see 200 SMA at 198....
On positive side...a green candle close at the TL will again take the stock to 265/270+ |
Green candle close with above average volume than previous day candle, seems 270 will be done in coming week....and new high in few weeks if closes above 280.. |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #120 Posted: Fri May 11, 2018 9:22 pm Post subject: Re: ULTRATECH CEMENT_DAILY |
|
|
| chetan83 wrote: | ULTRATECH CEMENT bounced from its 3rd support point....volume is good.....price took support at Monthly S1.
Risk players can buy at CMP - 3998.50
SL - 3930 (CB) closing basis or below the Trendline.
T - 4200++ |
Open - 4011
Low - 3968.55
High - 4085
Close - 4071.60
Interestingly.....there is +WW in daily..T-4400++.  |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
