iCharts Discussions

d.learntrade · White Belt Joined: 05 Dec 2010 Posts: 11

hi all, I try to give high probable trade setup which i come across...
I look for a trade setup based on elliott wave and technicals to confirm...

NIFTY:

short nifty around 5570...with sl 5610
wait for a reversal signal(whichever u use to confirm a reversal) in the range 5560-5600.... Target using trail stop u can look for 5100

Tatamotor:

Short around 1185-1194 with sl 1195
target around 970...

Hindalco:

short with sl 215....
u can wait for reversal signla before u short...
target 180

Stoploss is very strict here...once triggered means...the pattern i look is wrong..EXIT.
High probable means for the target i'm looking the risk is reasonable...
Charts, I dont know hw to save and post...i'l try it later
thnks.

Regards

d.learntrade · White Belt Joined: 05 Dec 2010 Posts: 11

hi,

Apollo Tyre:

Seems to be correction is due...
can short with sl 70, tgt 65-60
thanks.

rohit44 · White Belt Joined: 05 Jan 2010 Posts: 279

any time frame??

d.learntrade · White Belt Joined: 05 Dec 2010 Posts: 11

d.learntrade · White Belt Joined: 05 Dec 2010 Posts: 11

hi,

hindalco:
still can stay in the short position....tsl 204....

apollotyre:
tsl 68.8...
0.382 retracement level is 63...and 0.236 level is 66
if the previous move is 3rd wave(from 51 to 71)..the correction is usually in the range of 0.236 to .382 level...
but it doesnt seem to be 3rd wave....so expecting to retrace entire move of 51-71
thanks.

rohit44 · White Belt Joined: 05 Jan 2010 Posts: 279

nice...Hindalco 180 before march expiry....will it possible??

d.learntrade · White Belt Joined: 05 Dec 2010 Posts: 11

hi,

Nifty:
are big down day(s) r in waiting?
the down move still intact....
tsl: 5510... it is only to stay in the short...not to book profit...to book profit one needs to keep tsl very close to the cuurent value...

Hindalco:
There is a cluster of Fibonacci projections in the range 185-178..
so expecting to reach tht level...

tatamors:
still looks weak..but the down move was not as expected...tsl 1162 to stay in short...

thnks & regards...

d.learntrade · White Belt Joined: 05 Dec 2010 Posts: 11

rohit44 · White Belt Joined: 05 Jan 2010 Posts: 279

thank you for yoyr replies and guidance...

d.learntrade · White Belt Joined: 05 Dec 2010 Posts: 11

hi, I want to share something I feel interesting.....

All investors -- including experienced professionals -- must simultaneously grapple with two enemies: 1) Imperfect knowledge, and 2) Their own emotions. So what do the vast majority do?

They unconsciously look to other investors for clues:

"Wall Street certainly shares aspects of a crowd, and there is abundant evidence that herding behavior exists among stock market participants.... Most people get virtually all of their ideas about financial markets from other people, through newspapers, television, tipsters and analysts, without checking a thing. They think, 'Who am I to check? These other people are supposed to be experts.'... This dependence is nearly universal, even among long-term investors.... Outwardly, they appear rational. Inside, their unconscious is in control....The unconscious says: You have too little basis upon which to exercise reason; your only alternative is to assume that the herd knows where it’s going."

This, I found on net....

And what i feel is,
We want to catch a nice setup to trade....and we cannot analyse 400 stocks everyday...Forums like this can help in this regard...

how?

one guy feels, in a particular stock, some interesting pattern is formed...

what should we take from this?
we just take the stock, dont even see what he wrote, and analyse ourself... If u feel, 'yes, something interesting is here'...then we can write our view on that...even if u find nothing interesting on that stock u can write about tht....
otherwise, if we see earlier what he shown, when we look at the stock, first thing we observe is the same pattern what he shown only...

I've been visiting this forum from 3-4 months..i've taken stocks to analyse from this forum many times...
so thought, i should share setups which i observe... U need not to take my words for the stocks which I share, evn the stoploss and targets.... jst take the stock and analyse urself... if feel the setup then only trade...after all, its you, who to decide trade or not...

This is just what I feel... does the matter i found on net anywhere relating to what i said?...I dont know... Smile

Happy Trading,
Thanks.

d.learntrade · White Belt Joined: 05 Dec 2010 Posts: 11

hi,

ambujacem: can short for tgt 127-123
thnks

Expert · White Belt Joined: 21 Feb 2011 Posts: 2