iCharts Discussions

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Well casper even i m quite eager to know about the mosquito's so that they come out and spread some good things to traders..

Regards
Manju

casper · Green Belt Joined: 02 Oct 2010 Posts: 1315

yes manju,

they are doing great job in this volatile market,i am still learning this process and trying to rationale the steps i am taking, so that in a month or two, i can just take a glance and go on

u know, one of a very good "mosquito" i personally know, is able to predict a candle to candle move even before 5-10 minutes, means he is predicting moves, using a 5 min chart and telling me what is going to happen in next 1st,2nd 3rd candle and so on

while its not worthy for a positional trader but for a day trader like me, its amazing

more amazing thing is,(and a shame for me too) he developed this method while chatting with me and explained why he is doing it, not only that, he repeatedly attempted to make me use his method, but being a jack of all trades, i initially ignored him

but now, i am feeling how strong and how accurate one could be in prediction

and one more thing, if u dont mind, in forum we are hailed for our accuracy many a times, but seeing his work, i must say, that atleast i am still a child before him

so now, Very Happy

mission mosquito is going on in my end

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Hmmmm

thats interesting sure if it works for intra day we can get the same thing for EOD as well once ur through let us know i ll see how i can make use of it even though i dont use candles that much (to be honest i m not good in it hahahaha)....

Regards
Manju

senthilkumar2222 · White Belt Joined: 22 Dec 2010 Posts: 32

Dear Manju sir
I made money in idfc as per ur advise i had short n covered in intra itself. Sir I would like to create a short position in Bajaj-auto(cash market closing price 1365.45).kindly provide me ur valuble comment on that.Im eagerly waiting for ur reply sir

Thanx&Regards
Senthilkumar.V
Coimbatore
Tamilnadu

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Buy "DCHL" get deccan chargers free...

Well going beyond technicals here some of the facts and fundamentals in a laymans language... u ppl decide wat ll u do with it as a food for thought..

"Sahara Group bought team pune @1,702 crores"
"Rendezvous Sports World bought team Kochi@1533.32 crores"
"Deccan chargers a 100% subsidary of DCHL mkt cap 1,760.51 crore"
" PE of DCHL @7 as compared to 20+ of jagarn prakash"
"Book value of the stock @ 60+rs/ share"
@ 72 rs/ share ur getting south leading news agency +a IPL club free going by current valuation of recent entry of teams..

IPL fever Starts at April regard less of they win or loose the hidden values of the stock is surely Deccan chargers

Readers can add their comments for the same

Regards
Manju
(these things were bought to notice by my friend so all credit goes to him)

senthilkumar2222 · White Belt Joined: 22 Dec 2010 Posts: 32

Dear Manju sir

still im waiting for ur reply sir

Thanx & Regards
Senthilkumar.v

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Hi Senthil,

Sorry for the delay.... Well looks like a inverse H&S formation on the charts wouldnt advise shorts in the counter above 1380 can falre up by 50-70 rs on the upside..

Regards
Manju

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Hi anand,

If u ve taken the positions just be carefull as the mkt did a gap filling exercise (5524-5591 was the gap) now that the gap is full can expect volataily in mkts till the EOD..

Regards
Manju

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

senthilkumar2222 · White Belt Joined: 22 Dec 2010 Posts: 32

Dear Manju Sir

Thank you for ur valuable comment on Bajaj-auto.

Thanx&Regards
Senthilkumar.V

senthilkumar2222 · White Belt Joined: 22 Dec 2010 Posts: 32

Dear Manju Sir

nf n bnf spot showing the double top can i create any short position in that sir.if so pls provide me the stoploss n targets for both of them.

Thanx & Regards
Senthilkumar.V
Coimbatore
Tamilnadu

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Hi Senthil,

Yes it looks like there two tops being made at similar height, there is one positive thing is the charts that they ve made higher top and higher bottom formation on the nifty.. even though on can take a risky short at 5610-5620 levels with a stop loss of 5660-5670 levels (all spot levels) if close above 5600 on a consistent basis means we are going up and worst is behind us...

Well on the bank mifty also we have similar formation but i would prefer to go longe above 11260 with a stop loss of 11150 with a possible upmove of 500-700 points..

The catch in the entire thing is that oil above 105$ soon one can expect a forced move of petrol rate hike and u may never know even diesel rate hike could be there on cards too so that means bad news for economy and i even expect a possible rate hike by RBI in next poilcy...

all i say is forget the news play the levels..

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Well perivios post already mentioned about bank nifty and i m quite positive on bank stocks as well..

PNB - had mentioned that 1050-1030 is the range and 1050 was infact the low also.. if the stock can break 1010 can expect a good move of 5-8% on the upside..

Axis bank - 1340 is the levels to watch out for(tgts can look at my pervios post)

ICICI bank- above 1050 can have a blast...

Siemens - the stock is in a range of 830-860 can see a quick move above 860 with a move to 890-915

Sterlite - 173 is the level to watch on the upside and 163 on the down side...

Ambuja is other inverse H&S pattern candidate as mentioned in previous posts...