iCharts Discussions

[mvnm]

NVK set up in hero honda. if it closes above 1630 in hourly candle then we can take a positin with stop loss at 1600. the target works to around 1680.

M.Sri Mahidar
Trend is friend.

[smsmss]

hey nice nvk spotted there ms lets wait for tomoro to mint..

[shekharinvest]

Hi Guys,

Here is a larger perspective on Hero Honda. It is already running down as per NVK on daily time frame, and the setup has formed at resistance zone. It is likely to do 1500 and may be 1350 if the trendline is breached.

On hourly the hill in-between is bit higher and RSI too has gone a bit farther, it might give a pullback from here as trendline support exist here and it also happen to be 61.8% retracement but may not acheive the targets.

Goodluck

SHEKHAR

[vinst]

shekhar,

again rsi is nearly oversold on daily and price is significantly higher tha previous low. likely to move up.
hourly +ve div nVK set-up may initiate up move on daily also.

regards,
vin

[shekharinvest]

After NVK at top BNF on 5min futures chart has again formed a NVK at bottom will it make a new high today. Late to notice the chart, no entry so far.

SHEKHAR

[ConMan]

NVK Rocks

[shekharinvest]

HI,

Posted below is Hrly chart of glaxo. Nice setup. One can enter here or above 1580 SL 1550. TGT 1640 - 1650

Also have a look on daily charts it is forming a double bottom at 89 ema. Hence, I believe this setup on houlry should reach the target.

SHEKHAR

[shekharinvest]

Here is another one - Bajajhind Hrly. One can enter with SL below 220 -filter TGT 235 may be 240.

On daily it has taken support at 34ema which is around 220 might give a good run up.


SHEKHAR

[ConMan]

Jindal Steel hourly...buy if it closes above 690.....

[mvnm]

QGM i am also tracking this stock.

M.Sri Mahidar

[kvram]

TODAY BANK NIFTY TGT DONE DAY HIGH . THANKS TO ALL TEACHERS .

[shekharinvest]

Hi,

Posted below is MLL Hrly chart.

One red hrly candle close below 70 is required for Tgt 66. If it could give a close below 66-65 eod might be 58.

It's a bit edgy at the moment, stock might give a BO as well.
Until then keep an eye on it.

SHEKHAR

[sandew]

Saikat,
For the first time went through your strategy - page 1 to last. You have kept it sweet and simple. Thank You.

As I gather you prefer to look up the set up on daily / 60 minute time frame, rsi (14) and if required supplement with MA (3,13,34). Some have added STS (8,3,5) for added confirmation. (two momentum need be fine, other being CCI, macd, W%R, - but too many could spoil the simplicity).

On a higher time frame you observe a set up of "double top/bottom + momentum divergence + trendline breakout "and enter; then you switch to 15 minute time frame for exit. Am i correct ?

I think you probably make more points on swing than anyone could possibly do intraday on 1/5/10/15 minute set up for entry/ exit ?

My observation is that larger time frame set up for entry eliminate the daily noise. And you always calculate yr SL first. then the target.

Have I understood you right ?

[mvnm]

HUL has formed a very good NVK set up. As it is the Component of Nifty it has petential to rise from current level of 255 to 260 as first target and then towards 264 and 269. stop loss: 250/

M.Sri Mahidar

[vinst]

msrimahidar,

HLL has formed +ve div on long term rsi as of EOD friday. Looks to be bullish. no chart with me right now.

regards,
vin