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simply trendlines |
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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Post: #31  Posted: Tue Dec 11, 2012 7:46 pm Post subject: |
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| Umesh: Better to learn Ambassador/ Fiat in Step 5 then go to Ferrari in Step 6! Brilliant post! I wish someone had posted this where I could read it when I started out with Ferrari in Step 1 itself!!!!! Regards, Prakash Holla |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #32 Posted: Thu Mar 21, 2013 9:33 pm Post subject: Trendline and WW combo pattern - NIFTY |
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Dear All,
Waiting for a turn to go long, If Nifty spot manages to close above 5640 on EOD basis.
Moreover, there seems to be a +ww developing in this chart where target and SL can be determined with good RR.
regards,
Chetan. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #33 Posted: Thu Mar 21, 2013 10:12 pm Post subject: Re: Trendline and WW combo pattern - NIFTY |
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| chetan83 wrote: | Dear All,
Waiting for a turn to go long, If Nifty spot manages to close above 5640 on EOD basis.
Moreover, there seems to be a +ww developing in this chart where target and SL can be determined with good RR.
regards,
Chetan. |
?????? it closed above 5640 today |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #34 Posted: Thu Mar 21, 2013 10:19 pm Post subject: Re: Trendline and WW combo pattern - NIFTY |
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| vinay28 wrote: | | chetan83 wrote: | Dear All,
Waiting for a turn to go long, If Nifty spot manages to close above 5640 on EOD basis.
Moreover, there seems to be a +ww developing in this chart where target and SL can be determined with good RR.
regards,
Chetan. |
?????? it closed above 5640 today |
Hi Vinay,
Lets hope that if there is a down fall again (for +ww pattern point 5), this 5640 is to be looked for...... |
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ProTrader
Site Admin
Joined: 06 Jul 2008
Posts: 433
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| Post: #35 Posted: Fri Mar 22, 2013 6:51 am Post subject: |
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| pkholla wrote: | | Umesh: Better to learn Ambassador/ Fiat in Step 5 then go to Ferrari in Step 6! Brilliant post! I wish someone had posted this where I could read it when I started out with Ferrari in Step 1 itself!!!!! Regards, Prakash Holla |
They still train in Maruti 800. 
One observation, Mr.Bharat started the topic with trendlines, and he got almost 4 strategies in return, lots of wisdom, support, encouragement and guidance. It can only happen on iCharts by generous iChartians. You folks rock  .
--PT |
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dhdaarya
White Belt
Joined: 13 Apr 2012
Posts: 38
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| Post: #36 Posted: Fri Mar 22, 2013 7:34 am Post subject: |
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bharat it is common what u have experiened. so don't bother take any simple system stick to it atleast 200 trades BCOZ ,any system with proper risk/reward ratio gives success even with 40 % winning trades.
only thing is that u have to follow the system religiously. NO SECOND THOUGHTS, and most of us fail there.
also for reading try " TRADING IN THE ZONE" by mark douglus.
wish u all the best |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #37 Posted: Tue Mar 26, 2013 3:25 pm Post subject: SYNDICATE BANK WWEKLY |
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SYDNICATE BANK looks good for long abv 111, but the stop should be below 109 on weekly close, target range is 135-140
Looks weak below 109-106 range.
Today, it has broken the TL and trading at 107 levels...seems like 80-90 can be seen in coming few months. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #38 Posted: Tue Mar 26, 2013 5:03 pm Post subject: |
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Just for your information chetan:
| Quote: | Mar 26, 2013, 12.23 PM IST
IOB, OBC, Syndicate Bank fall on Moody's downgrades |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #39 Posted: Thu May 02, 2013 8:53 pm Post subject: INFY WEEKLY |
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Weekly Chart shows bullish engulfing at Trendline, but still week is not yet finished 
Need to monitor it during weekend.....looking delicious  |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #40 Posted: Thu May 02, 2013 9:01 pm Post subject: Re: SYNDICATE BANK WWEKLY |
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| chetan83 wrote: | SYDNICATE BANK looks good for long abv 111, but the stop should be below 109 on weekly close, target range is 135-140
Looks weak below 109-106 range.
Today, it has broken the TL and trading at 107 levels...seems like 80-90 can be seen in coming few months. |
Syndicate Bank dint closed below 109 on weekly basis.....and it is doing a fine job>> 130.70....still 140 is far away.... |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #41 Posted: Thu May 02, 2013 10:35 pm Post subject: NIFTY MONTHLY |
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R WE HEADING FOR A BREAK OUT>>>>
NIFTY MONTHLY LOOKS PROMISING.......
ASCENDING TRIANGLE..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #42 Posted: Fri May 03, 2013 8:27 am Post subject: Re: INFY WEEKLY |
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| chetan83 wrote: | Weekly Chart shows bullish engulfing at Trendline, but still week is not yet finished
Need to monitor it during weekend.....looking delicious |
I am looking for at least 2400 |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #43 Posted: Fri May 03, 2013 8:35 pm Post subject: Re: NIFTY MONTHLY |
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| chetan83 wrote: | R WE HEADING FOR A BREAK OUT>>>>
NIFTY MONTHLY LOOKS PROMISING.......
ASCENDING TRIANGLE..... |
Yes Chetan,
You are right,
Ascending triangle looks promising.
But are you aware of the DANGERS associated with it.
Perhaps not
(Though we can use these dangers for our benefit)
Triple top and -ww (point 5 in the making) with multiple targets , 5500 down to 3500 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #44 Posted: Fri May 03, 2013 8:44 pm Post subject: Re: NIFTY MONTHLY |
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| saumya12 wrote: | Ascending triangle looks promising.
But are you aware of the DANGERS associated with it.
Perhaps not
(Though we can use these dangers for our benefit)
Triple top and -ww (point 5 in the making) with multiple targets , 5500 down to 3500 |
saumya, it's a AT and not a -ww as there is no rising wedge.
Target of that AT BO = about ((0.75 or 0.6 *4080)+6330. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #45 Posted: Fri May 03, 2013 10:03 pm Post subject: Re: NIFTY MONTHLY |
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| vinay28 wrote: | | saumya12 wrote: | Ascending triangle looks promising.
But are you aware of the DANGERS associated with it.
Perhaps not
(Though we can use these dangers for our benefit)
Triple top and -ww (point 5 in the making) with multiple targets , 5500 down to 3500 |
saumya, it's a AT and not a -ww as there is no rising wedge.
Target of that AT BO = about ((0.75 or 0.6*4080)+6330. |
Thanks Vinay for assuming the price target to be 6330......but if u take it as CUP AND HANDLE pattern then theh target will be 6900++
Saumya had scared me with 3500.....but anyway we should be prepared for such scenarios as well... |
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