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Spike and Channel |
udaysahai
White Belt
Joined: 01 Feb 2011
Posts: 105
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Post: #151  Posted: Thu Dec 05, 2013 11:04 am Post subject: |
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Good morning Amitji, how does Axis looks to you....
Thanks and best regards |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #152 Posted: Thu Dec 05, 2013 11:05 am Post subject: |
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Most of the stocks formed spike and channeling now.Amit what's your take on them?  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #153 Posted: Thu Dec 05, 2013 5:57 pm Post subject: |
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sorry RK was away...just exited 600 put at 31 in morning down from my 66 sale yesterday
.....sold 6400 call at 90....squared them purchased at 76 .....
so holding 6400 call sold yesterday ay 76.....
i shall look into details and respond.....
i am still bullish....for next few days |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #154 Posted: Fri Dec 06, 2013 10:59 am Post subject: |
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M&M is intra day buy...just breaking....spike and channel also to an extent....futures bought at 963...till 960...stop 957...target 969 ..purely intra day....
962-951=11+958=969..... |
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #155 Posted: Fri Dec 06, 2013 11:45 am Post subject: |
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| watch STAR ..ready to blow? |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #156 Posted: Fri Dec 06, 2013 1:13 pm Post subject: |
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| star tv? |
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #157 Posted: Fri Dec 06, 2013 1:16 pm Post subject: |
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Strides Arcolab..pharma...but it is not in F&O.. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #158 Posted: Fri Dec 06, 2013 6:58 pm Post subject: |
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| amitagg wrote: | M&M is intra day buy...just breaking....spike and channel also to an extent....futures bought at 963...till 960...stop 957...target 969 ..purely intra day....
962-951=11+958=969..... |
Stop was hit...
(Since I was on screen and now heavily backing my intuitions and chart patterns, exited at 962.5..went to low of 951 something)
Watch the slight rounding top before the fall started...and break "above of consolidation channel" but no follow up meant for me, square up which I did)
Waiting for more patterns.. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #159 Posted: Mon Dec 09, 2013 2:56 pm Post subject: |
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| Indian bank is spike and channel and good buy ..not in F&O i guess |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #160 Posted: Thu Dec 12, 2013 11:23 am Post subject: |
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| LIC spike and channel in progress....203 spot should not be broken till 1.00 pm for confirmation...markets still dicey..can try still |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #161 Posted: Tue Dec 24, 2013 12:13 pm Post subject: |
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R infra in spike and channel and strong...if above 435...and breaks 437.5....target 445 pattern target.
chart attached |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #162 Posted: Fri Jan 10, 2014 12:30 pm Post subject: |
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| nifty in spike and channel [if above 6200 till 1.30/2pm] and buy around 6203 -6209 levels with stop at 6191 for target 6250-6260 [spot] |
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udaysahai
White Belt
Joined: 01 Feb 2011
Posts: 105
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| Post: #163 Posted: Sun Jun 07, 2015 9:00 pm Post subject: |
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Good evening Amitji,
You have not posted anything under this head for almost 5 months, why?
I have been following this for sometime and I have found this method to be quite accurate..... Please continue so that all the members can derive benefit
Thanks and best regards |
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udaysahai
White Belt
Joined: 01 Feb 2011
Posts: 105
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| Post: #164 Posted: Sun Jun 07, 2015 9:09 pm Post subject: |
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Amitji,
Make it 17 months....
Thanks and best regards... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #165 Posted: Mon Jun 08, 2015 2:56 am Post subject: |
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| I have since Cut down on discretionary pattern trading and more using few trigger trades although the spike and channel was very good. I could not develop any algo for entry although rules for exit were more statistical.. Hence visual observation become key but for day traders yes it can be identified on certain reversal step ups for long trades in a short morning timeframe. Pls post if you find something useful for benefit of others. |
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