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NVK SET UP |
venkchandra
White Belt
Joined: 19 Feb 2007
Posts: 14
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Post: #346  Posted: Sun Mar 21, 2010 7:36 am Post subject: |
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Thanks Saikat for information.
I have one doubt. If you see Nifty EOD, there is positive divergance with NVK set up ( double top ).
As per 60 min charts there is negative divergance with NVK setup.
Do you think the Nifty will retract in small way before it go up or do you think , there will be major down side.
I am confused. Please clarify.
regards
Venkatesh
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saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
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| Post: #347 Posted: Mon Mar 22, 2010 4:09 pm Post subject: |
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| venkchandra wrote: | Thanks Saikat for information.
I have one doubt. If you see Nifty EOD, there is positive divergance with NVK set up ( double top ).
As per 60 min charts there is negative divergance with NVK setup.
Do you think the Nifty will retract in small way before it go up or do you think , there will be major down side.
I am confused. Please clarify.
regards
Venkatesh |
Hello Venkatesh,
I don't find any NVK on EOD NF charts. Pl post for discussion.
Yes... there is NVK on hourly. And it is alreay rocking 
And my sincere request don'y lose your sleep worrying about whether nifty will first retrace a bit or go down big way straigthway or this and that..... .
Have your strategy - have your SL - and have your profit booking plans. And these things should be very personal.
And think about nothing else..... my request...
Regards,
Saikat
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saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
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| Post: #348 Posted: Mon Mar 22, 2010 4:17 pm Post subject: |
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| saikat wrote: | Hello,
NVK on NF on Hourly chart. The 2nd top having long Tail
which as per my observations has more success ratio
SL was initialy 5276; but now shifted to 5287
(5 points above last candle high) hourly close basis.
This time it is bit high (due my eager short taken at 5257 instead
of near 5272)- but that is the system - so I will stick to it.
For the people who has taken short while the 2nd top was forming; ie around 5270 - it is OK.
Target 1 = hourly 34 EMA
Target 2 = 5137
I will book if I get Target 1 and re enter shorts if candle closes below 34 EMA.
Cheers !!
Saikat |
Hello,
NVK doing good..... 
As per plan covered short early in the morning @ 34 EMA and re entered @ 5225 when 34 EMA was broken.
Now my Initial SL is hourly close above 5264 ( 5 points higher today's high)
Will shift to 34 EMA 2moro as per the chart.
Cheers!!!
Saikat
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rvg
White Belt
Joined: 31 Oct 2006
Posts: 279
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| Post: #349 Posted: Mon Mar 22, 2010 4:23 pm Post subject: |
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| venkchandra wrote: | | I am confused. Please clarify. |
If you change the timeframe the context changes.. stick to one timeframe you will have less confusion
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saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
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| Post: #350 Posted: Mon Mar 22, 2010 4:29 pm Post subject: |
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Hello,
Today's intra NVK trade rocked. Short taken @ 5254
Problem was as the low made earlier in the morning (5180) was a freak; so couldn't target that.
So instead targeted 34 hourly EMA and booked @ 5229 when I got that.
Cheers!!!
Saikat
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ConMan
White Belt
Joined: 06 Aug 2008
Posts: 344
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| Post: #351 Posted: Mon Mar 22, 2010 5:42 pm Post subject: |
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Saikat,
There is NVK in 5mins (+ve) at a later point in time. How do you trade this?
Rgds
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saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
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| Post: #352 Posted: Mon Mar 22, 2010 9:04 pm Post subject: |
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| QuickGMurugun wrote: | Saikat,
There is NVK in 5mins (+ve) at a later point in time. How do you trade this?
Rgds |
Hello,
As I already taken short intra - so I ignored that setup.
But had I been Swing short from earlier days - I surely would have traded that (SL got hit in that set up) in next month series
Yes today also I could hv traded that long in next month series. But it was 14:30 and earlier I already booked a swing short position in profit and running another short intra in profit - so I guess I just didn't try to take one more trade that late hour.
Regards,
Saikat
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saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
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RMOHAN77
White Belt
Joined: 17 Dec 2009
Posts: 7
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| Post: #354 Posted: Wed Mar 24, 2010 4:27 pm Post subject: NVK Set Up |
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Hello Saikat / shekharinvest
I have attached one chart . Please see the chart and confirm . This is 5min bank nifty chart dtd 23-Mar-2010. In the chart indicator has made a double bottom and the price makes a lower low. Is this Class C bullish divergence?
Advance Thanks
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #355 Posted: Thu Mar 25, 2010 12:08 pm Post subject: |
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NVK ON NF 30 MIN
SL 5193
SHEKHAR
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girishjain20
White Belt
Joined: 14 Dec 2009
Posts: 2
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kush
White Belt
Joined: 25 Nov 2009
Posts: 17
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| Post: #357 Posted: Thu Mar 25, 2010 2:46 pm Post subject: Nvk Aban ( 60 min ) |
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Aban 60 min
can see good movement above T.L.
Sl 1170/65
With the help of Saiket
Kush
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rvg
White Belt
Joined: 31 Oct 2006
Posts: 279
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| Post: #358 Posted: Thu Mar 25, 2010 3:23 pm Post subject: Renuka NVK in Hourly |
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Renuka NVK in Hourly at 72
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dninar
White Belt
Joined: 25 Jan 2010
Posts: 7
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| Post: #359 Posted: Fri Mar 26, 2010 10:32 am Post subject: |
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IS IT NVK SETUP IN TATA COMMUNICATIONS DAILY
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saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
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| Post: #360 Posted: Fri Mar 26, 2010 10:40 am Post subject: Re: Nvk Aban ( 60 min ) |
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| kush wrote: | Aban 60 min
can see good movement above T.L.
Sl 1170/65
With the help of Saiket
Kush |
Thanks Kush for posting.
Me too entered @ 1182
TGT 1 = 1227
TGT 2 = 1260
Cheers!!!
Saikat
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