iCharts Discussions

shashangan · Posted: Wed Sep 18, 2013 6:54 pm Post subject:

Hold on for positional Satish

Even most of my calculations are going wrong off-late. I need to patiently sit & figure out the entire flow to catch the serpent by the head. Somewhere I have lost the track. But overall it is near the top is what I surely feel. Let's wait for 6022 NF & 10565 (spot).

Regards,
Gautham Shashangan

amitagg · Black Belt Joined: 01 Oct 2013 Posts: 4559

Gautam,

Your view is right often..take pride

What happens it that "smart" money in market confuses at top so

- follow one direction
- 2 intra day trade becomes difficult
- in fact IF LIKE YOU are seeing a market top, then try to catch for BIGGER GAINS rather than intra day
(Mr RK rightly said the reversal shall come on climax) so retail like me sold a bit early..without waiting for climax

arvindeept · White Belt Joined: 25 Jun 2012 Posts: 107

nifty tgt 5700 till next week as per volume n EW analysis

shashangan · Posted: Thu Sep 19, 2013 9:07 am Post subject:

Thanks Amit,

You are right, but there are few factors which I am overlooking, due to which I am making mistakes.

It's the matter of a proper patient study & consideration of every factor. I should not get impulsive with one analysis showing clear direction, but some other is showing otherwise.

Anyway Mkt opening quite high. Hope today it reverses. let's see if 6130 NF & 11033-48 region (Spot) holds.

Thanks
Gautham Shashangan

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

bharatpatel · White Belt Joined: 26 Oct 2011 Posts: 401

nifty spot

6130 6185 levels to be watched for this bull run.

shashangan · Posted: Thu Sep 19, 2013 10:20 am Post subject:

Mkt has mostly made the top. let's see.

Gautham Shashangan

rk_a2003 · Black Belt Joined: 21 Jan 2010 Posts: 2734

shashangan · Posted: Thu Sep 19, 2013 10:50 am Post subject:

Hello rk,

I was giving some insight of some of my techniques with charts. But I have stopped it because I was instructed I am not supposed to put my name & co. on the chart. So I stopped posting my charts, rather do it on my place than here where I post for free & I dont get anything. I was just adding my name & co. so I get some indirect benefit. But it's fine.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Sep 19, 2013 12:25 pm Post subject:

Around 6113-16 can be shorted with stop 6159. Possible Min Tgt 6070.

Expecting a inverted bear hammer close with an island reversal means a lower open tomorrow & down without filling upper gap.

I could be wrong.

Regards,
Gautham Shashangan

paa · White Belt Joined: 28 Sep 2010 Posts: 178

Shashangan,
You are doing great job

shashangan · Posted: Fri Sep 20, 2013 9:30 am Post subject:

Thanks a lot Paa,

The immediate break out level is 6143 NF, to target 6165, 6190 & 6208.

& on lower if it breaks 6115 strongly soon can bring in some sellers & a break of 6080 will trigger some intra day stops to target 6025, 6010 & 5990.

Regards,
Gautham Shashangan

satishkadam · Yellow Belt Joined: 01 Apr 2010 Posts: 805

shashangan · Posted: Fri Sep 20, 2013 11:49 am Post subject:

Hey Satish,

Yesterday was the right level to short. It will consolidate here. let's see.

Gautham Shashangan

bharatpatel · White Belt Joined: 26 Oct 2011 Posts: 401