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Stochastic 39 |
chrome Yellow Belt
Joined: 28 Dec 2009 Posts: 645
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Post: #31 Posted: Wed Dec 29, 2010 12:25 pm Post subject: |
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kanna wrote: | Chrome sir, is STS 39 just reflects the stock's movement with respect to EMA or SMA at 39. When the stock is at SMA 39 we are getting the reading 50. and when the stock closes below 39sma we are getting the value less than 50. very rarely we are getting one or two days time lag between both.
can you pls share your observation on this |
Hi kanna, nice observation but while checking on the charts, I have found quite a few deviations...
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deepakms White Belt
Joined: 13 Aug 2009 Posts: 194
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Post: #32 Posted: Wed Dec 29, 2010 5:59 pm Post subject: |
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Chrome,
As marked by you in one of the earlier post on nifty ......
NS 6050 - crucial point for both bulls and bears----that seems take care of,but more importantly the SS 39 has gone above the 50% line after today's close and the other indicators too are indicating +ve move.
Do we take long position in nifty here based on SS 39 ???
Thnx/Rgds
Deepak
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sherbaaz Yellow Belt
Joined: 27 May 2009 Posts: 543
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Post: #33 Posted: Wed Dec 29, 2010 6:29 pm Post subject: |
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chrome wrote: | STS-39 on a glance:
Refer three circles in the chart below on Nifty Spot EOD Chart.
NS 6100 - downside started (1st circle)
NS 6050 - not sustained (2nd circle)
NS 6050 again - crucial point for both bulls and bears (3rd circle).. |
Hi,
Today STS 39 in nifty future EOD chart closed above 50. 6068-6081 is a resistance zone now. today it tested 6068 but was not able to close above it. once nifty future close above 6081 it may have healthy upmove till 6215 EOD basis.
Regards,
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chrome Yellow Belt
Joined: 28 Dec 2009 Posts: 645
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Post: #34 Posted: Wed Dec 29, 2010 9:28 pm Post subject: |
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deepakms wrote: | Chrome,
As marked by you in one of the earlier post on nifty ......
NS 6050 - crucial point for both bulls and bears----that seems take care of,but more importantly the SS 39 has gone above the 50% line after today's close and the other indicators too are indicating +ve move.
Do we take long position in nifty here based on SS 39 ???
Thnx/Rgds
Deepak |
hi deepak, yes based on this strategy its long advised on the base of today's closing..
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chrome Yellow Belt
Joined: 28 Dec 2009 Posts: 645
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Post: #35 Posted: Wed Dec 29, 2010 9:39 pm Post subject: important |
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One point for oversold/overbought lovers
one can go long if STS-39 turn above 20 level from the bottom and vice versa..also dont forget to ADD the position after 50 level crossover
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sherbaaz Yellow Belt
Joined: 27 May 2009 Posts: 543
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Post: #36 Posted: Fri Dec 31, 2010 11:09 am Post subject: |
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sherbaaz wrote: | chrome wrote: | STS-39 on a glance:
Refer three circles in the chart below on Nifty Spot EOD Chart.
NS 6100 - downside started (1st circle)
NS 6050 - not sustained (2nd circle)
NS 6050 again - crucial point for both bulls and bears (3rd circle).. |
Hi,
Today STS 39 in nifty future EOD chart closed above 50. 6068-6081 is a resistance zone now. today it tested 6068 but was not able to close above it. once nifty future close above 6081 it may have healthy upmove till 6215 EOD basis.
Regards, |
Hi,
Yday NF had broken the resistance zone of 6068-6081 and was able to close above it. After getting a bullish crossover of STS 39 since yday and today NF is moving up nicely.
Now the support zone is 6081-6111.
Regards,
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chrome Yellow Belt
Joined: 28 Dec 2009 Posts: 645
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Post: #37 Posted: Sat Jun 16, 2012 10:50 am Post subject: |
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Mr. Ratan Tata buys 4.25 lk shares of Tata Motors on June 14..
Technical side - bouncing back from 200 SMA support + Long term channel support .. STS 39, MFI, RSI all coming out of Oversold region..
Good buy for Medium term at current levels of 240..Any decline to 220 levels should be bought gradually.
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umesh1 Brown Belt
Joined: 24 Nov 2008 Posts: 1974
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Post: #38 Posted: Sat Jun 16, 2012 10:16 pm Post subject: |
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Excellent observation Chrome
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singh.ravee Yellow Belt
Joined: 12 Aug 2010 Posts: 678
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Post: #39 Posted: Sun Jun 17, 2012 10:41 am Post subject: |
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For me correction in Telco EOD is complete. Lets see how it unfolds, this point onwards
rgds
ravee
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chrome Yellow Belt
Joined: 28 Dec 2009 Posts: 645
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Post: #40 Posted: Thu Jul 05, 2012 9:49 pm Post subject: |
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sts 39......from 4800 to 5300...now time to "PAUSE" at 5400 levels for sure....lets see...
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #41 Posted: Thu Jul 05, 2012 10:11 pm Post subject: |
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chrome, can one buy when sts is at any level above 50, in case one missed it earlier? e.g. can one buy axis bank now?
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chrome Yellow Belt
Joined: 28 Dec 2009 Posts: 645
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Post: #42 Posted: Fri Jul 06, 2012 8:56 pm Post subject: |
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hi vinay..
axis as per my charts facing huge resustancr at 1050-1065 levels....but seems to get settled between 950-975 levels on EOD basis...one may accumulate at these levels for now..
sts when move above 80 seems to be the last leg of upward trend along with some other indicators...vice versa below 20...
rgds..
vinay28 wrote: | chrome, can one buy when sts is at any level above 50, in case one missed it earlier? e.g. can one buy axis bank now? |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #43 Posted: Fri Jul 06, 2012 8:58 pm Post subject: |
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tks chrome, I thought so
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chetan83 Brown Belt
Joined: 19 Feb 2010 Posts: 2036
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Post: #44 Posted: Tue Jul 17, 2012 7:42 pm Post subject: |
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chrome wrote: | Mr. Ratan Tata buys 4.25 lk shares of Tata Motors on June 14..
Technical side - bouncing back from 200 SMA support + Long term channel support .. STS 39, MFI, RSI all coming out of Oversold region..
Good buy for Medium term at current levels of 240..Any decline to 220 levels should be bought gradually. |
Hi Crome,
Can we still buy TATAMOTORS, STS 39 is below 20 again....CMP-226
Chetan.
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chrome Yellow Belt
Joined: 28 Dec 2009 Posts: 645
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Post: #45 Posted: Wed Jul 25, 2012 8:29 pm Post subject: |
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yes chetan..gradualy...in parts..tatamotors will outperform soon..
chetan83 wrote: | chrome wrote: | Mr. Ratan Tata buys 4.25 lk shares of Tata Motors on June 14..
Technical side - bouncing back from 200 SMA support + Long term channel support .. STS 39, MFI, RSI all coming out of Oversold region..
Good buy for Medium term at current levels of 240..Any decline to 220 levels should be bought gradually. |
Hi Crome,
Can we still buy TATAMOTORS, STS 39 is below 20 again....CMP-226
Chetan. |
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