| View previous topic :: View next topic |
| Author |
NVK SET UP |
swaroopbn
White Belt
Joined: 12 Feb 2008
Posts: 39
|
|
| Back to top |
|
 |
|
|
|
saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
|
|
| Back to top |
|
|
saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
|
Post: #183  Posted: Mon Dec 21, 2009 12:31 pm Post subject: |
 |
|
Hello Girish,
 I am not aware of any automatic tool / alert to keep track of this setup.
I am firm believer of tracking only few scrips and mastering them.
So I track only 5-7 stocks apart from NF- selected based upon my trading experiences and chart reading.
As and when the setup appears in them - I trade them.
For NF, though, you may find that this setup occuring on 5 mins chart quite frequently - so you may get more chances.
Cheers !!!!
Saikat
| joshiga wrote: | Hi Saikat,
THanks for the nice explanations on divergence setup.
But, how do you know that the divergence is happening on a particular stock chart. Is there any automatic alert available in amibroker or any other software? Other wise its bit difficult to keep tracking stocks and watch out for divergences.
Girish |
|
|
| Back to top |
|
|
saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
|
|
| Back to top |
|
|
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
|
| Post: #185 Posted: Mon Dec 21, 2009 12:53 pm Post subject: Re: Nifty Weekly - NVK Set up |
|
|
| swaroopbn wrote: | Hi,
I believe NF weekly chart made a NVK setup.
Please check at ur end.
Should I say Deep Sea is the limit  .
Saikat Bhai - Kaise ho. Hope All's Well  .
Rgds,
SW |
swaroop,
thanks for bringing up NVK set-up on weekly.
vin
|
|
| Back to top |
|
|
saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
|
|
| Back to top |
|
|
saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
|
|
| Back to top |
|
|
saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
|
|
| Back to top |
|
|
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
|
| Post: #189 Posted: Wed Dec 23, 2009 12:00 pm Post subject: |
|
|
hi,
I am posting an NVK set-up on daily charts. Please comment if they correspond to this set-up or not
vin
| Description: |
|
| Filesize: |
44.6 KB |
| Viewed: |
400 Time(s) |
|
|
|
| Back to top |
|
|
saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
|
|
| Back to top |
|
|
saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
|
| Post: #191 Posted: Wed Dec 23, 2009 2:58 pm Post subject: |
|
|
| vinst wrote: | hi,
I am posting an NVK set-up on daily charts. Please comment if they correspond to this set-up or not
vin |
Hello Vin,
1st two lows had good NVK set up but not the latest two.
But anyway taking a long position near 1020 is a good idea just because it is having multiple support there
- with may be a SL of EOD close below 985.
This chart is similar to DLF - which I just mentioned - my Entry in DLF is simply based on this 'multiple support'
Saikat
| Description: |
|
| Filesize: |
14.83 KB |
| Viewed: |
424 Time(s) |
|
|
|
| Back to top |
|
|
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
|
| Post: #192 Posted: Wed Dec 23, 2009 4:46 pm Post subject: |
|
|
| saikat wrote: | | vinst wrote: | hi,
I am posting an NVK set-up on daily charts. Please comment if they correspond to this set-up or not
vin |
Hello Vin,
1st two lows had good NVK set up but not the latest two.
But anyway taking a long position near 1020 is a good idea just because it is having multiple support there
- with may be a SL of EOD close below 985.
This chart is similar to DLF - which I just mentioned - my Entry in DLF is simply based on this 'multiple support'
Saikat |
saikat,
thanks for the response. However, i always get problem with identifying multiple +ve divergences and deciding where to take the entry : 2nd multiple div or 3rd...
vin
|
|
| Back to top |
|
|
saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
|
| Post: #193 Posted: Wed Dec 23, 2009 8:47 pm Post subject: |
|
|
| vinst wrote: | | saikat wrote: | | vinst wrote: | hi,
I am posting an NVK set-up on daily charts. Please comment if they correspond to this set-up or not
vin |
Hello Vin,
1st two lows had good NVK set up but not the latest two.
But anyway taking a long position near 1020 is a good idea just because it is having multiple support there
- with may be a SL of EOD close below 985.
This chart is similar to DLF - which I just mentioned - my Entry in DLF is simply based on this 'multiple support'
Saikat |
saikat,
thanks for the response. However, i always get problem with identifying multiple +ve divergences and deciding where to take the entry : 2nd multiple div or 3rd...
vin |
Hello Vin,
I will tell you how I approach....
You are sure aware of that the type of divergence we discuss in this thread
is actually a 'type B' ie 2nd strongest. The strongest one being where
price making lower lows and indicators making higher lows.... right?
Then why I choose to play with this? and not with the strongest one? 
It is due to my personal belief and chart observation that in a strong trend,
scrip will make a series of Class A type divergence and still will not reverse. ( And this is exactly your problem too - right? ). But... but
when price is making a double bottom - it is a first indication to me
that reversal might be on the card - as to me 'horizontal support' is
having far far more significance. It is just my observation and view.
So I prefer to play with Class B rather than Class A. 
To answer your question specifically - pl see few charts I posted in the first few pages and the rules of trading this set up.
You take the first entry when double bottom is made.
So your SL is very small.
And you take the 2nd entry when downwards Trend line is taken out.
ie. our view is turning out to be correct and the trend is indeed reversing.
Just see my first few posts in this thread - it will be clear.
Why I love this setup is that the SL is so small and the reward is always
8-10-15 times the SL.
Hope I was able to help you...
Saikat
|
|
| Back to top |
|
|
saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
|
|
| Back to top |
|
|
Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
|
| Post: #195 Posted: Thu Dec 24, 2009 10:56 am Post subject: |
|
|
Saikat
You Rock.... 
Regards
Ravi
|
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
first time cared to notice the set up in WEEKLY chart. 
