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chennuru
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Post: #1  Posted: Thu Aug 09, 2012 11:37 pm Post subject: NTPC view |
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Dear All
HOW NTPC follows STOC K & D cross overs with settings 10 5 5
experts views welcome
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bolband_macd
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Joined: 06 Sep 2011
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| Post: #2 Posted: Fri Aug 10, 2012 9:05 am Post subject: |
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Hi Chennuru,
I am not expert of STOC K & D. However, the attached NTPC chart is prompting me to go short if price closes below 168 in Daily.
-WW is clearly visible with target of 155 in coming weeks.
Thanks for sharing your knowledge.
Trade safe.
BM
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chennuru
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| Post: #3 Posted: Fri Aug 10, 2012 9:27 am Post subject: |
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HI
can u explain little bit more about WW
thanks
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bolband_macd
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Joined: 06 Sep 2011
Posts: 104
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| Post: #4 Posted: Mon Aug 13, 2012 8:44 am Post subject: |
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Hi Cheenuru,
Glad to know that you are interested about WW pattern. I am sure if you go through WW strategy forum, here itself in iChart, you will get an idea about it. Offcource Google is always there to add in a bit of extra knowledge.
Thanks for replying,
Best regards and trade safe,
BM
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bharatpatel
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Joined: 26 Oct 2011
Posts: 401
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| Post: #5 Posted: Mon Aug 13, 2012 5:35 pm Post subject: |
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Dear Chennuru,
a clear buy on closing above 166 with 166 closing base stop.
very good
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #6 Posted: Mon Aug 13, 2012 6:32 pm Post subject: |
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Today's lower volumes and doji like candle formation is another positive signal to short NTPC.SL can be 174.75.For a 1st target around 161 and then around 152. Final target around 140.
A -ww with a diverging channel posted(Still they work atleast for partial targets).
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #7 Posted: Mon Aug 13, 2012 6:45 pm Post subject: |
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| rk_a2003 wrote: | Today's lower volumes and doji like candle formation is another positive signal to short NTPC.SL can be 174.75.For a 1st target around 161 and then around 152. Final target around 140.
A -ww with a diverging channel posted(Still they work atleast for partial targets). |
RK....I have a slight suggestion....instead of keeping stoploss around 175....I'm requesting you to keep a stoploss around 176.....just one more rupee right?...
NOTE: It has nothing to do with WW....this is as per my method.... 
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #8 Posted: Mon Aug 13, 2012 6:51 pm Post subject: |
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| psalm wrote: | | rk_a2003 wrote: | Today's lower volumes and doji like candle formation is another positive signal to short NTPC.SL can be 174.75.For a 1st target around 161 and then around 152. Final target around 140.
A -ww with a diverging channel posted(Still they work atleast for partial targets). |
RK....I have a slight suggestion....instead of keeping stoploss around 175....I'm requesting you to keep a stoploss around 176.....just one more rupee right?...
NOTE: It has nothing to do with WW....this is as per my method.... |
Sure Sam.I went short in NTPC today near closing time.
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #9 Posted: Mon Aug 13, 2012 6:57 pm Post subject: |
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| rk_a2003 wrote: | | psalm wrote: | | rk_a2003 wrote: | Today's lower volumes and doji like candle formation is another positive signal to short NTPC.SL can be 174.75.For a 1st target around 161 and then around 152. Final target around 140.
A -ww with a diverging channel posted(Still they work atleast for partial targets). |
RK....I have a slight suggestion....instead of keeping stoploss around 175....I'm requesting you to keep a stoploss around 176.....just one more rupee right?...
NOTE: It has nothing to do with WW....this is as per my method.... |
Sure Sam.I went short in NTPC today near closing time. |
It looks like a SELL to me as well.....a contrarian SELL...By the way, as per the indications, a SELL signal should come soon....
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #10 Posted: Mon Aug 13, 2012 7:09 pm Post subject: |
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| psalm wrote: | | rk_a2003 wrote: | | psalm wrote: | | rk_a2003 wrote: | Today's lower volumes and doji like candle formation is another positive signal to short NTPC.SL can be 174.75.For a 1st target around 161 and then around 152. Final target around 140.
A -ww with a diverging channel posted(Still they work atleast for partial targets). |
RK....I have a slight suggestion....instead of keeping stoploss around 175....I'm requesting you to keep a stoploss around 176.....just one more rupee right?...
NOTE: It has nothing to do with WW....this is as per my method.... |
Sure Sam.I went short in NTPC today near closing time. |
It looks like a SELL to me as well.....a contrarian SELL...By the way, as per the indications, a SELL signal should come soon.... |
Thanks Sam.I am expecting a flatish to downward close of US and Europe markets and found -WW in NTPC and a weak closing too that's why I entered short. keep posting your signals here.
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chennuru
White Belt
Joined: 07 Jan 2011
Posts: 93
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| Post: #11 Posted: Mon Aug 13, 2012 11:11 pm Post subject: |
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Dear All
thanks for ur opinion on NTPC,
i agree with u, it will come down in Aug series,
as per my view, stoc D K cross over happens in tommorrow,
if not also, sure in thu friday.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #12 Posted: Tue Aug 14, 2012 5:52 am Post subject: |
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Chart attached which is self explanatory.
Upper Chart NTPC. Lower Chart NIFTY.
If Nifty breaks out of the Channel(Right now it's making an attempt though appears to be weak).NTPC too may break out of it.Last time NIFTY attempted for a break out with huge volumes and failed. Now it's trying with low volumes.Let's see what happens.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #13 Posted: Tue Aug 14, 2012 9:46 am Post subject: |
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Part profits booked in NTPC. TSL for rest cost to cost 
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bharatpatel
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Joined: 26 Oct 2011
Posts: 401
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| Post: #14 Posted: Tue Aug 14, 2012 11:17 am Post subject: |
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a good buy opportunity if it comes near 166 with closing base stop of 166
regards
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