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NVK SET UP |
amitdate76
White Belt
Joined: 02 Feb 2009
Posts: 34
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Post: #436  Posted: Wed Apr 28, 2010 4:53 pm Post subject: NF 34EMA pierced by RED candle |
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Hi Saikat sir,
The daily chart is showing the 34EMA being thrusted downwards by a big red candle. where do we go from here. ?
Thanks,
Amit
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rvg
White Belt
Joined: 31 Oct 2006
Posts: 279
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| Post: #437 Posted: Wed Apr 28, 2010 7:02 pm Post subject: NVK in Triveni Engg |
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NVK in Triveni (NSE Cd: Triveni) Hourly
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62.1 KB |
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520 Time(s) |
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saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
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| Post: #438 Posted: Fri Apr 30, 2010 10:53 pm Post subject: |
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hello,
My last view on BHind was that if stays below 163 - it was to go till 117.
Well yesterday it almost hit that level.
I planned to buy it near 117 but as it formed NVK @ 121 yesterday - I have entered it yesterday @ 121.50.
TGT 1 - 149
TGT 2 - 163
SL - EOD close below 117.
BUT I will buy it back the moment it gives EOD close again above 117.
Cheers!!!
Saikat
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51.36 KB |
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444 Time(s) |
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saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
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| Post: #439 Posted: Mon May 03, 2010 11:42 pm Post subject: |
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hi
Booked 50% shorts @ 5215 today.
No great TA.... Just wanted to take
home 125 points. Just in 3 days that
too while in vacation. 
will wait for 5119 or TSL for rest 50%
cheers!!
Saikat
| saikat wrote: | | saikat wrote: | Hello all,
My EOD NF view.
No NVK here - but thought to post here in this thread only so that I can easily monitor and discuss.
5479 is 78.6% of the big fall.
And 1-2% error in that big FIBO range is quite normal
5398 is within 2% of 5479. So a big correction may come.
Lets see......
Hold onto shorts and watch
Cheers !!! |
Hi,
Still EOD chart looks short only till the down TL is taken out.
My last swing shorts rest 25% got TSL hit but re entered shorts in MAY NF @ 5340 two days back when it retraced to test broken TL.
Looks like will get 200 points this time ie Target is 5119 around.
Once NF goes below EOD 34 EMA - just relax and hold shorts.
SL as of now is breaking of down TL - EOD close basis.
Thought to stay away from nifty while in vacation but the short looked very alluring
Cheers !!!
Saikat |
H
H
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mvnm
White Belt
Joined: 15 Aug 2008
Posts: 54
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mvnm
White Belt
Joined: 15 Aug 2008
Posts: 54
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| Post: #441 Posted: Tue May 04, 2010 2:42 pm Post subject: |
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nvk failed in NF 
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mvnm
White Belt
Joined: 15 Aug 2008
Posts: 54
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amitdate76
White Belt
Joined: 02 Feb 2009
Posts: 34
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| Post: #443 Posted: Tue May 04, 2010 3:07 pm Post subject: NVK Nifty |
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msrimahidar,
Nifty nvk did happen but was short lived as the. The NVK was on an hourly chart and the effect was seen at opening where nifty opened gap-up to 5250 and again made a top at 5250 at 11am. After which RSI went close to overbot' zone and macd started falling below 0 making the tone bearish.
Divergence seen on daily timeframe charts will have a longer effect and hourly divergence will last only for couple of hrs. Thats what I feel. Your comments welcomed.
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saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
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| Post: #444 Posted: Tue May 04, 2010 3:30 pm Post subject: Re: NF NVK |
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| msrimahidar wrote: | NF seems to have formed NVK in favor of bulls. so brears be ware. 
M.Sri Mahidar
Trend is friend. |
Hello MSR,
The setup you attached is NOT an NVK - as in between the two lows - RSI has a crossover of 50.
But it was a double bottom which got broken today - so the logical TGT now
is 5110 [ 5200 - (5290-5200)]
5119 is also my TGT from FIBO - should get today or 2moro.
Regards,
Saikat
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saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
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| Post: #445 Posted: Tue May 04, 2010 3:35 pm Post subject: |
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Hi,
Today BHind made a low of exact 117
Bought rest of planned quantity @ 117.40
Still holding my position as the EOD close is above 117.
But last 2 times it has hit my SL -  this time also it
is looking like same 
Cheers!!!
Saikat
| saikat wrote: | hello,
My last view on BHind was that if stays below 163 - it was to go till 117.
Well yesterday it almost hit that level.
I planned to buy it near 117 but as it formed NVK @ 121 yesterday - I have entered it yesterday @ 121.50.
TGT 1 - 149
TGT 2 - 163
SL - EOD close below 117.
BUT I will buy it back the moment it gives EOD close again above 117.
Cheers!!!
Saikat |
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sandythehellboy
White Belt
Joined: 15 Dec 2007
Posts: 21
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| Post: #446 Posted: Tue May 04, 2010 5:47 pm Post subject: Target |
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Hi,
How do you ppl decide targets on hourly charts??
Regards,
Sandesh Dalvi
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sandythehellboy
White Belt
Joined: 15 Dec 2007
Posts: 21
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| Post: #447 Posted: Tue May 04, 2010 5:55 pm Post subject: |
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Hi,
Today i also saw NVK formation but I have a positional short in Nifty so avoided going long as i had bearish view and it paid. 
@ Saiket
Thanks for the setup.
Regards,
Sandesh Dalvi
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mvnm
White Belt
Joined: 15 Aug 2008
Posts: 54
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| Post: #448 Posted: Wed May 05, 2010 10:07 am Post subject: Re: NF NVK |
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Dear saiket,
thanks for your input. i have learned new thing on NVK today i has noted in my dairy. now my efficiency in the same would increase.
M.Sri Mahidar
Trend is friend.
| saikat wrote: | | msrimahidar wrote: | NF seems to have formed NVK in favor of bulls. so brears be ware.
M.Sri Mahidar
Trend is friend. |
Hello MSR,
The setup you attached is NOT an NVK - as in between the two lows - RSI has a crossover of 50.
But it was a double bottom which got broken today - so the logical TGT now
is 5110 [ 5200 - (5290-5200)]
5119 is also my TGT from FIBO - should get today or 2moro.
Regards,
Saikat |
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saikat
White Belt
Joined: 31 Mar 2008
Posts: 317
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| Post: #449 Posted: Wed May 05, 2010 7:28 pm Post subject: |
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Hi,
WOW!!! Wanted 200 points and at opening bell found 5060.
So booked rest 50% for 280 points as a bounce back was expected.
The 23.6% of this fall (5398 - 5053) was at 5134 - so placed a limit short order @ 5130 for 50% quantity ( I always place 3-5 points inside from the actual FIB figure).
The short order was filled almost at last minute. 
This 5130 around is also 13 EMA on hourly - a perfect place from where the next phase of correction to start.
So now holding 50% short @ 5130 with SL hourly close above 34 EMA hourly.
Now my view is that if NF stays below 5119 - I will aim for 4947 .
Cheers!!!!!
Saikat
| saikat wrote: | hi
Booked 50% shorts @ 5215 today.
No great TA.... Just wanted to take
home 125 points. Just in 3 days that
too while in vacation.
will wait for 5119 or TSL for rest 50%
cheers!!
Saikat
| saikat wrote: | | saikat wrote: | Hello all,
My EOD NF view.
No NVK here - but thought to post here in this thread only so that I can easily monitor and discuss.
5479 is 78.6% of the big fall.
And 1-2% error in that big FIBO range is quite normal
5398 is within 2% of 5479. So a big correction may come.
Lets see......
Hold onto shorts and watch
Cheers !!! |
Hi,
Still EOD chart looks short only till the down TL is taken out.
My last swing shorts rest 25% got TSL hit but re entered shorts in MAY NF @ 5340 two days back when it retraced to test broken TL.
Looks like will get 200 points this time ie Target is 5119 around.
Once NF goes below EOD 34 EMA - just relax and hold shorts.
SL as of now is breaking of down TL - EOD close basis.
Thought to stay away from nifty while in vacation but the short looked very alluring
Cheers !!!
Saikat |
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tripathi_manu
White Belt
Joined: 27 Dec 2008
Posts: 62
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| Post: #450 Posted: Wed May 05, 2010 10:30 pm Post subject: chart please. |
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Hi saikat,
A picture speaks more then a thousand words.
Please display a picture also to support what u want to suggest.
regards.
manu
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