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Spike and Channel |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #136  Posted: Fri Nov 29, 2013 12:27 pm Post subject: |
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| trailed to cost...likely square off at cost...not breaking out....not taking risk at 6170 |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #137 Posted: Fri Nov 29, 2013 12:34 pm Post subject: |
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| amitagg wrote: | | trailed to cost...likely square off at cost...not breaking out....not taking risk at 6170 |
if NS breaks 6156 it could fall further |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #138 Posted: Fri Nov 29, 2013 12:46 pm Post subject: |
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yes...i also learned last time that...resistance can be hit many many many times....still not broekn.... not to buy before resistance..better after break
so let dlf break 154....hindalco break 125.....bhel breaking 154
got out at cost...... |
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udaysahai
White Belt
Joined: 01 Feb 2011
Posts: 105
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| Post: #139 Posted: Fri Nov 29, 2013 1:17 pm Post subject: |
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HCL Tech what targets and stop loss, in your views..
Thanks and best regards |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #140 Posted: Fri Nov 29, 2013 2:23 pm Post subject: |
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| ITC spike and channel...not broken though till 2.20...buy up to 325-326 likely |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #141 Posted: Fri Nov 29, 2013 2:27 pm Post subject: |
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one more think...ITC spike is easily tradeable up since
- one sometimes contrary to market as Vinay says even if market goes down [what is market breaks 6182 up] 
- also one can sell other stocks if market falls below 6120....ITC shall fall less
stop at 316.5 / or below channel line |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #142 Posted: Fri Nov 29, 2013 3:12 pm Post subject: |
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holding ITC long for next week at 323 ...stop 320.5 ...target 328
showing good consolidation sideways....and above 317 spot...and maintained channel support also |
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udaysahai
White Belt
Joined: 01 Feb 2011
Posts: 105
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| Post: #143 Posted: Mon Dec 02, 2013 10:44 am Post subject: |
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| Good morning Amitji your views on ACC, JPAsc, AdaniEnt please... |
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udaysahai
White Belt
Joined: 01 Feb 2011
Posts: 105
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| Post: #144 Posted: Mon Dec 02, 2013 10:53 am Post subject: |
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| And yes JPPower and other smaller power stocks purely from a trading perspective... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #145 Posted: Mon Dec 02, 2013 2:52 pm Post subject: |
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ITC looking good still at 325.... maintained critical supprot of 320.5 futures..shall head up to 330-333
bought DLF positional with stop 144....target 164/171....good consolidation....lets see
was away for most part |
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udaysahai
White Belt
Joined: 01 Feb 2011
Posts: 105
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| Post: #146 Posted: Tue Dec 03, 2013 10:46 am Post subject: |
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Good morning Amitji,
I think AsianPaints fits your bill for this trend--- spike for almost an hour and now I hope channel form during the day, your views if you find time....
Thanks and best regards. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #147 Posted: Tue Dec 03, 2013 11:34 am Post subject: |
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| amitagg wrote: | ITC looking good still at 325.... maintained critical supprot of 320.5 futures..shall head up to 330-333
bought DLF positional with stop 144....target 164/171....good consolidation....lets see
was away for most part |
can just buy DLF>..it shall cross 154 resistance and move up sharply...
as did JSPL after 255 now 280, Hindalco - breaking out, BHEL - already broken above 155, etc... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #148 Posted: Tue Dec 03, 2013 11:44 am Post subject: |
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| Uday...Asian Paints is not a spike and channel exit |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #149 Posted: Tue Dec 03, 2013 2:01 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | ITC looking good still at 325.... maintained critical supprot of 320.5 futures..shall head up to 330-333
bought DLF positional with stop 144....target 164/171....good consolidation....lets see
was away for most part |
can just buy DLF>..it shall cross 154 resistance and move up sharply...
as did JSPL after 255 now 280, Hindalco - breaking out, BHEL - already broken above 155, etc... |
DLF just cleared resistance.....a sure watch...if it remains above 155 then sharp spike to follow today and also tomorrow and day after...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #150 Posted: Wed Dec 04, 2013 2:36 pm Post subject: |
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exited at 157.5 timely in profit today as mentioned in other thread.....now holding only short call put 6400/6000 dec....banking on volatility fall and / or nifty range between 5950-6450......
for dlf trade....would be excellant buy above 158.2 futures buy....now on trade |
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