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NVK SET UP
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Author NVK SET UP
vinst
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Joined: 09 Jan 2007
Posts: 3303
Post: #286   PostPosted: Fri Mar 05, 2010 1:23 pm    Post subject: Reply with quote
BNF 5min on 5-Mar-2010 in NVK setup


vin

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vinst
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Joined: 09 Jan 2007
Posts: 3303
Post: #287   PostPosted: Fri Mar 05, 2010 3:41 pm    Post subject: Reply with quote
successful result of BNF NVK set-up in 5min charts of 5-Mar-2010

vin

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saikat
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Joined: 31 Mar 2008
Posts: 317
Post: #288   PostPosted: Fri Mar 05, 2010 8:30 pm    Post subject: Reply with quote
saikat wrote:
Hello again,

SUZLON formed NVK yesterday on hourly.

Entered @ 68.50 yesterday

SL - hourly close below 67.5
TGT 1 - 75
TGT 2 - 79 (from FIBO of last swing 95.4 - 68.2)

Here I have taken the swing seeing from EOD chart - though
actually I sud see only hourly. Problem is that hourly swing
is very small - 75-68 - so used the EOD swing.

75 level matches with EOD 34 EMA also - so if I see that level
I will book 75%

Lets see how it works out

Cheers !!!!!



Hello,

Targets met nicely

Now if holding above 79 - it will run to 85

I am holding my 25% delivery with now SL 79 - EOD close basis

Cheers!!!

Saikat

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sadanandpurav
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Joined: 11 Sep 2009
Posts: 1
Post: #289   PostPosted: Mon Mar 08, 2010 6:55 am    Post subject: nvk set up explain pl Reply with quote
dear sir,

sadanand purav here, goood morning. i m newly joined in this website. ur study on technicals is very cast and informative to new comers. pl explain nvk set up once again and how and where it can be useful to us. i have completed a course in technicals and trading in market.

thanks
saikat wrote:
saikat wrote:
Hello again,

SUZLON formed NVK yesterday on hourly.

Entered @ 68.50 yesterday

SL - hourly close below 67.5
TGT 1 - 75
TGT 2 - 79 (from FIBO of last swing 95.4 - 68.2)

Here I have taken the swing seeing from EOD chart - though
actually I sud see only hourly. Problem is that hourly swing
is very small - 75-68 - so used the EOD swing.

75 level matches with EOD 34 EMA also - so if I see that level
I will book 75%

Lets see how it works out

Cheers !!!!!



Hello,

Targets met nicely

Now if holding above 79 - it will run to 85

I am holding my 25% delivery with now SL 79 - EOD close basis

Cheers!!!

Saikat
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shekharinvest
Yellow Belt
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Joined: 21 Dec 2007
Posts: 549
Post: #290   PostPosted: Mon Mar 08, 2010 10:02 am    Post subject: Re: nvk set up explain pl Reply with quote
sadanandpurav wrote:
dear sir,

sadanand purav here, goood morning. i m newly joined in this website. ur study on technicals is very cast and informative to new comers. pl explain nvk set up once again and how and where it can be useful to us. i have completed a course in technicals and trading in market.

thanks





sadanandpurav,

Please make little efforts go through the thread completely, you will get the feel of the setup.

Saikat has very lucidly explained the setup in the first post of this thread hope you will be benefited by it.

SHEKHAR

Last edited by shekharinvest on Tue Mar 09, 2010 3:02 pm; edited 1 time in total
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mvnm
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Joined: 15 Aug 2008
Posts: 54
Post: #291   PostPosted: Mon Mar 08, 2010 12:30 pm    Post subject: Re: clarification by saiket Reply with quote
saiket not clarified till now Crying or Very sad

msrimahidar wrote:
Dear saiket,

In SB you have said that Educomp is not a NVK set up.

I require some clarification on this aspect. You are referring to Class A divergence and Class B Divergence. After going though the thread from begenning i have been able to infer the following.

1. Class A Divergence - when Price has made a double bottom or top and RSI is making higher bottom or lower high
2.Class B Divergence - when Price has hade a lower low or Higher high and RSI has made Higher low and Lower high.

If the above is correct which one is better?
a i correct?

another clarification whether the positive or -ve divergence whould be made above the oversold line or and below the over bought line.

Please clarify the above.

i the case of Educomp you have said that it is not an NVK. i am herewith attaching the chart of EDUcomp and as per me it has formed NVK and also confirmed the same if not an NVK why it would held me in fine tuning my self in identification of the same.

Thanking you in Advance
M.Sri mahidar Very Happy
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Ravi_S
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Joined: 15 Jun 2009
Posts: 569
Post: #292   PostPosted: Mon Mar 08, 2010 11:15 pm    Post subject: NVK Setup in Apollo Tyres.. Reply with quote
Classic NVK Setup (Bearish) in Apollo Tyres... Saikat please let us know the targets for this swing... I want to short at least one lot and don't want to miss this...

Short at Current Market Price, SL 67, target 60 definitely possible (Saikat please clarify)

Cheers
Ravi Laughing

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tripathi_manu
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Joined: 27 Dec 2008
Posts: 62
Post: #293   PostPosted: Tue Mar 09, 2010 8:49 am    Post subject: Re: clarification by saiket Reply with quote
ms chart kidhar hai ?
manu
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Ravi_S
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Joined: 15 Jun 2009
Posts: 569
Post: #294   PostPosted: Tue Mar 09, 2010 5:02 pm    Post subject: Apollo Tyres Short Reply with quote
Worked magically well... 23.6% target achieved (64) we would have to wait for more downside.

I entered at 66.15 and came out at 65.15 (One Rupee and One Lot)

Regards
Ravi Laughing

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saikat
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Joined: 31 Mar 2008
Posts: 317
Post: #295   PostPosted: Tue Mar 09, 2010 6:46 pm    Post subject: Re: Apollo Tyres Short Reply with quote
Ravi_S wrote:
Worked magically well... 23.6% target achieved (64) we would have to wait for more downside.

I entered at 66.15 and came out at 65.15 (One Rupee and One Lot)

Regards
Ravi Laughing


Hi Ravi,

Target logics for swing trades using NVK were defined in my one of my initial posts. It is same as what you have done - ie using FIBO.

Now you need to know the scrips strength and volatilty to decide where to book profit.

If the scrip is too strong - then 23.6 may be good enuf
If the scrip is volatile and having high Beta - u can even get 61.8

Regards,

Saikat
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saikat
White Belt
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Joined: 31 Mar 2008
Posts: 317
Post: #296   PostPosted: Tue Mar 09, 2010 7:05 pm    Post subject: Re: clarification by saiket Reply with quote
msrimahidar wrote:
saiket not clarified till now Crying or Very sad

msrimahidar wrote:
Dear saiket,

In SB you have said that Educomp is not a NVK set up.

I require some clarification on this aspect. You are referring to Class A divergence and Class B Divergence. After going though the thread from begenning i have been able to infer the following.

1. Class A Divergence - when Price has made a double bottom or top and RSI is making higher bottom or lower high
2.Class B Divergence - when Price has hade a lower low or Higher high and RSI has made Higher low and Lower high.

If the above is correct which one is better?
a i correct?

another clarification whether the positive or -ve divergence whould be made above the oversold line or and below the over bought line.

Please clarify the above.

i the case of Educomp you have said that it is not an NVK. i am herewith attaching the chart of EDUcomp and as per me it has formed NVK and also confirmed the same if not an NVK why it would held me in fine tuning my self in identification of the same.

Thanking you in Advance
M.Sri mahidar Very Happy


Hello MSR,

Sorry for this late reply. I missed ur original post.
Pl ping me in SB if you want to discuss something.

Ok.... Yes that chart u posted was not NVK - it was CLASS A diveregence.

You have mixed up the A & B types

Here it is again

Class A Bullish Divergence:

Class A Bullish Divergences occurs only when prices makes a lower low but the oscillator makes a higher low.
This is the strongest buy signal.

Class B Bullish Divergence:


Class B Bullish Divergences occurs when price makes a double bottom and the oscillator makes a higher low.
This is what we trade here in this topic (NVK Setup).
This is the second strongest buy signal.

Class C Bullish Divergence:

Class C Bullish Divergences occurs when the indicator has made a double bottom
and the price makes a lower low.


Ok.. now which one is better? I trade CLASS B as I give more importance to horizontal support - simple. And I can honestly say that I have very good hit ratio. Even if the trade hits SL -it is usually very low.

You have to observe and decide.

I had posted one of my earlier trade in Educomp using NVK. Which I posted in this thread live during Entry. I will dig that chart for u and post again - for you to see - that was a very good trade.

Regards.

Saikat

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Ravi_S
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Joined: 15 Jun 2009
Posts: 569
Post: #297   PostPosted: Tue Mar 09, 2010 7:19 pm    Post subject: Re: Apollo Tyres Short Reply with quote
Hi Saikat

Thanks for the clarifications. I have a few more questions based on your reply.

1. When you say Strength of a stock, how is it measured? Are you talking about the absolute volumes or something else?

2. When you say high beta what is the numbers we are looking for. For e.g., Apollo Tyres has a beta of 0.97.

Regards
Ravi

saikat wrote:
Ravi_S wrote:
Worked magically well... 23.6% target achieved (64) we would have to wait for more downside.

I entered at 66.15 and came out at 65.15 (One Rupee and One Lot)

Regards
Ravi Laughing


Hi Ravi,

Target logics for swing trades using NVK were defined in my one of my initial posts. It is same as what you have done - ie using FIBO.

Now you need to know the scrips strength and volatilty to decide where to book profit.

If the scrip is too strong - then 23.6 may be good enuf
If the scrip is volatile and having high Beta - u can even get 61.8

Regards,

Saikat
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saikat
White Belt
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Joined: 31 Mar 2008
Posts: 317
Post: #298   PostPosted: Tue Mar 09, 2010 7:47 pm    Post subject: Reply with quote
MSR for you....

This trade set up was very nice looking. And it went upto my last target of 800.

While trading set up - I am very particular about 'how good it looks'

The set up sud look like Brad pit or J Lo - I mean sexy Razz or else I don't
trade it.

Regards,

Saikat

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saikat
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Joined: 31 Mar 2008
Posts: 317
Post: #299   PostPosted: Tue Mar 09, 2010 8:04 pm    Post subject: Re: Apollo Tyres Short Reply with quote
Ravi_S wrote:
Hi Saikat

Thanks for the clarifications. I have a few more questions based on your reply.

1. When you say Strength of a stock, how is it measured? Are you talking about the absolute volumes or something else?

2. When you say high beta what is the numbers we are looking for. For e.g., Apollo Tyres has a beta of 0.97.

Regards
Ravi

saikat wrote:
Ravi_S wrote:
Worked magically well... 23.6% target achieved (64) we would have to wait for more downside.

I entered at 66.15 and came out at 65.15 (One Rupee and One Lot)

Regards
Ravi Laughing


Hi Ravi,

Target logics for swing trades using NVK were defined in my one of my initial posts. It is same as what you have done - ie using FIBO.

Now you need to know the scrips strength and volatilty to decide where to book profit.

If the scrip is too strong - then 23.6 may be good enuf
If the scrip is volatile and having high Beta - u can even get 61.8

Regards,

Saikat


Hi Ravi,

Hmmm... What I was trying to say was not by seeing any datasheet. I really have no idea of actual beta values of the scrips I trade.
Whatever I gather - I gather from chart only.

It becomes relatively easy when u trade only same few srcips every day ..for many years.... you know how they behave - you can have good guess whether it will retrace from 13 or a dip will come to 34 ..... Many times you can feel the move coming in the scrips even before it occurs Razz and I am not joking. That is advantage of trading same thing again and again.


You have to observe - I can't say anything more...

Regards,

Saikat
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Ravi_S
Yellow Belt
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Joined: 15 Jun 2009
Posts: 569
Post: #300   PostPosted: Tue Mar 09, 2010 10:47 pm    Post subject: Re: Apollo Tyres Short Reply with quote
hmm... now that is what is called Jaadu ki Jhappi according to Dr. Munnabhai MBBS... Laughing

saikat wrote:
Ravi_S wrote:
Hi Saikat

Thanks for the clarifications. I have a few more questions based on your reply.

1. When you say Strength of a stock, how is it measured? Are you talking about the absolute volumes or something else?

2. When you say high beta what is the numbers we are looking for. For e.g., Apollo Tyres has a beta of 0.97.

Regards
Ravi

saikat wrote:
Ravi_S wrote:
Worked magically well... 23.6% target achieved (64) we would have to wait for more downside.

I entered at 66.15 and came out at 65.15 (One Rupee and One Lot)

Regards
Ravi Laughing


Hi Ravi,

Target logics for swing trades using NVK were defined in my one of my initial posts. It is same as what you have done - ie using FIBO.

Now you need to know the scrips strength and volatilty to decide where to book profit.

If the scrip is too strong - then 23.6 may be good enuf
If the scrip is volatile and having high Beta - u can even get 61.8

Regards,

Saikat


Hi Ravi,

Hmmm... What I was trying to say was not by seeing any datasheet. I really have no idea of actual beta values of the scrips I trade.
Whatever I gather - I gather from chart only.

It becomes relatively easy when u trade only same few srcips every day ..for many years.... you know how they behave - you can have good guess whether it will retrace from 13 or a dip will come to 34 ..... Many times you can feel the move coming in the scrips even before it occurs Razz and I am not joking. That is advantage of trading same thing again and again.


You have to observe - I can't say anything more...

Regards,

Saikat
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