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Stock Analysis ~ Welgro Corner |
chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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Post: #16  Posted: Sun Jun 15, 2014 7:14 pm Post subject: |
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Dear Welgro,
Thanks for purvankara updates. |
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pkveenu
White Belt
Joined: 21 Apr 2009
Posts: 106
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| Post: #17 Posted: Sun Jun 15, 2014 7:26 pm Post subject: |
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hi welgro
can you please see the chart of DHFL (Dewan Housing)
and write about it as chart speaks
since me stuck in this and confused to take the decision
regards |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #18 Posted: Sun Jun 15, 2014 10:16 pm Post subject: |
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| pkveenu wrote: | hi welgro
can you please see the chart of DHFL (Dewan Housing)
and write about it as chart speaks
since me stuck in this and confused to take the decision
regards |
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pkveenu
White Belt
Joined: 21 Apr 2009
Posts: 106
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| Post: #19 Posted: Sun Jun 15, 2014 11:27 pm Post subject: |
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| Thanks welgro |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #20 Posted: Sun Jun 15, 2014 11:44 pm Post subject: |
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| your view on jpassociat, powergrid and v2retail, please |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #21 Posted: Mon Jun 16, 2014 5:53 am Post subject: |
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| acharyams wrote: | | your view on jpassociat, powergrid and v2retail, please |
JPASSOCIAT EOD chart shows “expanding wedge pattern”. JPASSOCIAT already break out on this pattern. Currently JPASSOCIAT trading at positive breakout support line (Good throw back).Once if hold above this positive break out live then we may see further upside rally up to 100.
Important note: As per EOD chart JPASSOCIAT current trend final support 70.00 level. JPASSOCIAT EOD once close below this final support level then we may see bull trap target 45.00 in coming days.
As per POWERGRID weekly chart bear trap target 135.00 is already done. POWERGRID Once if close (weekly) above the upper trend line then we may see further up move up to 165.00.
V2RETAIL EOD chart now try to create inverse head and shoulder pattern.V2RETAIL EOD once close above the inverse head and shoulder pattern neck line (18.00) then we may see further rally up to 26.00 levels. |
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hardik0007
White Belt
Joined: 16 Mar 2011
Posts: 53
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| Post: #22 Posted: Mon Jun 16, 2014 9:38 am Post subject: |
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[quote="amitagg"] | welgro wrote: |  |
morning high 14.... still hold |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #23 Posted: Mon Jun 16, 2014 8:59 pm Post subject: |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #24 Posted: Tue Jun 17, 2014 6:50 am Post subject: |
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sir, In HDIL your stop loss was 88. Yesterday the scrip made low 85.15 and closed at 91. On closing basis it is still above 88.
Does it mean that it has triggered stop loss and one should have exited?
Please reply. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #25 Posted: Tue Jun 17, 2014 7:02 am Post subject: |
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| acharyams wrote: | sir, In HDIL your stop loss was 88. Yesterday the scrip made low 85.15 and closed at 91. On closing basis it is still above 88.
Does it mean that it has triggered stop loss and one should have exited?
Please reply. |
Hdil suddenly breach below the positive breakout trend line.It seems some strong resistance around 94 -95 level. Once hdil if close above this level (Eod base close )then we may see further up move.Otherwise better to exit this counter in this pull back. |
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gopalaga
White Belt
Joined: 07 Apr 2014
Posts: 134
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| Post: #26 Posted: Tue Jun 17, 2014 11:48 am Post subject: |
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| welgro wrote: | |
Price crossed 438. CMP @ 439.05
Should we enter or wait for closing? |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #27 Posted: Tue Jun 17, 2014 1:42 pm Post subject: |
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| gopalaga wrote: | | welgro wrote: | |
Price crossed 438. CMP @ 439.05
Should we enter or wait for closing? |
it is strange that when price actually crosses our levels, we as traders face resistance in following our levels....though price has already cleared it.....if trading breakout....buy immediately...and have SL near to low of day ......or let close happen ...which many a time can be very high above the breakout price.....in that case better to buy the retrace......
with markets currently in very short term not distinctly bullish, breakouts can fail.... |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #28 Posted: Tue Jun 17, 2014 2:31 pm Post subject: |
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| CoalIndia put option exited with loss.Call closed. |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #29 Posted: Tue Jun 17, 2014 8:47 pm Post subject: |
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Sir,
can I buy LnT Finance at cmp? What you see? |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #30 Posted: Tue Jun 17, 2014 9:30 pm Post subject: |
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| gopalaga wrote: |
Price crossed 438. CMP @ 439.05
Should we enter or wait for closing? |
Dear friend,
The basic thing, as per technical analysis we have watch two types of entries.
First you analyses stocks with indicators or chart patterns you need to watch price close. If price closed with your favors then take long position in signal candle high. Vise versa short; take short position in signal candle low.
Second thing is Entries based on price actions. Candle sticks patterns, opening range breakout and bar patterns these things all are clearly says the stop loss about your entries .then why you need wait to candle close. When you follow price actions based trades you can place order with “SL Buy and SL sell” in your trading terminal.
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