iCharts Discussions

[as4manju]

Hi ali..

I ll tell u the best way to trade for intra day... Example i m qoting is of ACC only..

The call was given before the mkt opened it self so there is no delay in the price movement and u knowing the levels as u know it in advace..

Step one place a stop loss sell order at 984 with a trriger price of 984.50
when the price trrigers and ur short call is activated ur keep ur orginal SL and wait..

Step 2 when the price falls by 1% from ur level ie 985 to 975 lower the stop loss to 985 levels

step 3 when the price moves by 2% from ur level ie 985 to 965 the lower the SL to 975

Step 4 when stock re traces back to 975 ur SL is hit and u still make 1% profit

Step 5 is to again enter back at the orginal level on the way down follow the above steps( in current case when stock went back to 999 level and breaks 985 level)


But i really dont prefer the intraday trades as volatality can kill ur trades..

For delivery based trades its quite simple keep a ratio of 1 rs loss as SL for a tgt of 3 rs and intiate the trade when the stock is nearing the tgt1 reduce ur SL below cost and keep trailing it or book partially at tgt1 and book full at the final tgt..

Regards
Manju

[ali522003]

got it casper/manju bhai

[mrvishal_g]

Hello Brother,

It made high 761.75 and low 739.10 (sl was 735). Yes, we should not trade if risk reward ratio is not good, but we can see it and if find suitable then trade. For example it trade 740 to 744 in morning upto around 11:30am that time our risk reward ratio was good. Even today was the good day to trade where stock trade near stop loss due to market condition otherwise most of the time it open gap up.

It was based on my teachers tip, and he is one of the genius person person i know in my 30 years of life. Unfortunately i m not online in market hours, otherwise i put this call in market hours also.

Vishal

[as4manju]

Hi Vishal,

we all would really appricate if u can provide ur view on stocks as we all here to learn and share our passion.. to find tips its not that real difficult in the net.. with all due respect to ur sir also we would be interested in knowing the basis of his work more cause its a learning for us as wel..

Regards
Manju

[ESNMURTY]

Hi, Manuji, As expected ONGC went past 1180 and touched 1216 and closed at 1177. Kindly add ypur view point for learning .at

[ali522003]

manju bhai .. according to my small mind jindal is bearish cuz of head and shoulder pattern. please look into it and respond.

[as4manju]

Hi,

In yesterdays post i had pposted the charts of ONGC the BO- BD points were 1145-1110 and the height of the range was about 60 points.. its only after i posted the my msg i did come to know that it was ONGC results and it was spectaclar results.. i also posted later that i missed to mention about the upside as i was expecting it to BD the levels..

Regards
Manju

[as4manju]

Correct ali it is a HnS pattern as per me also... but the prob is its struggling to close below the 660 mark..

Regards
Manju

[as4manju]

Titan - Stock is in a range of 3650-3300 levels the stock can be bought above 3625 with a tgt of 3650-3700-3750 can do 3850 also.. readers please keep in mind its a very high beta stock and swings more than 100 points in a day and this is not certaily for the faint hearted to trade for..

Grasim - close below 2260 the stock can tank to 2200-2170 levels which i think should in any fall for time being.. later we can take a call on what has to be done next..

Asian Paints - fall below 2475 levels can send the stock spirally down wards if ur holding the stock in ur portfolio then u can use this level as a SL(This is not a sell call )


Bank Nifty - 10370-10400 is the support zone for the index any break below this level can send it down to 9900 levels in no time which is also the break out point from where the index rallied to 13000 levels...

[abhideep]

Hi Manju

Can you pls confirm that LIC has formed a "bullish" flag??

If yes, then breakout level pls? above 183?

Abhiram

[ali522003]

ITC was an amazing call.. but as usual i didnt traded in that .. good job manju bhai

[as4manju]

Hi abhi,

Well i really dont think its a flag pattern as the proportion of flag and the flag pole do not match.. here almost the height of the pole is equal to the length of flag and the time duration is too small... I would say the best price to buy this stock is above 200..


Regards
Manju

[as4manju]

Hi ali,

I guess still lot of downside is left in the stock i guess yesterday its down with big volumes(delivery is 62%)

Regards
Manju

[anand1234]

hi...manju
rcom has broken 122............can I sell here??..............if so pls tell me................
thanks
anand

[as4manju]

Anand Nifty is nearing 5417-5392 levels is fairly a good support so i would suggest u to not short and rather wait and mkts are also quite volatile..

Regards