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Newbie Probable Trades - Tribute to our Teachers. |
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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Post: #121  Posted: Fri May 11, 2018 9:31 pm Post subject: Re: Orient Cement_Daily |
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| chetan83 wrote: | Chart of Orient Cement Daily.
Price is at point 5......investors can accumulate from here on...
CMP - 123.30.......T - 150++ |
Today, point 5 confirmation has been done.....investor can remain long....Trader can keep SL as 121 on closing basis. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #122 Posted: Fri May 11, 2018 9:50 pm Post subject: Re: Glenmark_EOD |
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| chetan83 wrote: | 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. |
Hammer in EOD today......with new low....at point 5.....
Investor can add Glenmark here...... |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #123 Posted: Sat May 12, 2018 1:54 pm Post subject: Nifty Weekly |
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Nifty is very well rising on weekly channel.....
A close below the rising Trendline can be taken as SL for long position ( but its too late now), where as a close below the rising Trendline can take Nifty to new low.
Pitch fork method can be added in this Channel, and currently Nifty is in Middle of this channel.
Going by the weekly channel, Target assumed is 11500+.....on the other hand.....also check for a probable 2T (double top near its previous high, around 11100) any red candle close in weekly at those levels will be risky. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #124 Posted: Thu May 17, 2018 11:24 pm Post subject: Re: Glenmark_EOD |
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| chetan83 wrote: | | chetan83 wrote: | 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. |
Hammer in EOD today......with new low....at point 5.....
Investor can add Glenmark here...... |
From low of 499 on 15-05-18 to 530 today..... |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #125 Posted: Sat May 26, 2018 2:22 pm Post subject: Re: Glenmark_EOD |
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| chetan83 wrote: | | chetan83 wrote: | | chetan83 wrote: | 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. |
Hammer in EOD today......with new low....at point 5.....
Investor can add Glenmark here...... |
From low of 499 on 15-05-18 to 530 today..... |
Glenmark Daily chart marching toward its target....weekly very good bullish engulfing set up. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #126 Posted: Sat May 26, 2018 5:35 pm Post subject: |
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| nice one chetan, glenmark made so many +ww in different timeframes but didn't stop falling, looks finally it will go beyond 600 soon. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #127 Posted: Sat May 26, 2018 6:54 pm Post subject: |
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| Chetan, if you have bought glenmark, keep raising TSL. IMHO, not a company to be trusted. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #128 Posted: Sat May 26, 2018 9:10 pm Post subject: |
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| Sun08 wrote: | | Chetan, if you have bought glenmark, keep raising TSL. IMHO, not a company to be trusted. |
Thanks Sun08.....i booked half at 536 (near 34ema in daily) rest i will keep TSL at 510.....my avg buy cost was 506.... |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #129 Posted: Mon May 28, 2018 7:45 pm Post subject: |
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| chetan83 wrote: | | Sun08 wrote: | | Chetan, if you have bought glenmark, keep raising TSL. IMHO, not a company to be trusted. |
Thanks Sun08.....i booked half at 536 (near 34ema in daily) rest i will keep TSL at 510.....my avg buy cost was 506.... |
TSL modified to 529 |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #130 Posted: Mon May 28, 2018 7:49 pm Post subject: Bank Nifty |
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Analysis of BankNifty EOD chart.
A close above 26900/27000 for 3-4 days will create a momentum for all time high 28000......extended Target can be 29000 as well....(if Cup and handle pattern works out)..
Check the Pitch Fork pattern and take your trading decision. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #131 Posted: Mon May 28, 2018 11:24 pm Post subject: |
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| Haha exactlywhy one of the reasons I said banknifty 30k coming.. as soon as it crosses 26900 and closes above it.. shorters will be squeezed like lemon. |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #132 Posted: Tue May 29, 2018 8:46 am Post subject: |
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| Thanks, |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #133 Posted: Tue May 29, 2018 7:05 pm Post subject: Bank Nifty +ww in 5 min |
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There is a +WW in BankNifty 5 mins, though price has gone below the point 5, Target which is above 26600....can be seen in next couple of Days.....
CMP- 26254.
(all the levels and chart are spot)
Let there be no Gap Down tomorrow  |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #134 Posted: Wed May 30, 2018 9:40 am Post subject: Re: Bank Nifty +ww in 5 min |
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| chetan83 wrote: | There is a +WW in BankNifty 5 mins, though price has gone below the point 5, Target which is above 26600....can be seen in next couple of Days.....
CMP- 26254.
(all the levels and chart are spot)
Let there be no Gap Down tomorrow |
Gap down...200 points.....no entry.... |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #135 Posted: Wed May 30, 2018 12:53 pm Post subject: |
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Taken Small risk of 2000
40X50 = 2000
Bought 26300 CE BankNifty May expiry at 49
SL = 0.05 , T - 100/150/200
(Holding till tomorrow or till target/SL achieved). |
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