iCharts Discussions

[Ravi_S]

rrsekhar,

Try trading divergences in higher timeframe like 30 mins, 60 mins etc., try spotting NVK setups in 5 mins TF (Class B divergences) and u might get good results.

Regards
Ravi

[rrsekhar]

thanx, ravi. i am actually very new to this. will act as per your advice

[SID2060]

DEAR SIR,

PLEASE ADD A COLUMN IN THE SCREENER (EOD), A COLUMN SHOWING ""THE BETA VALUE"" OF EACH SCRIP.. THOSE SCRIPS WHOSE ONE YEAR DATA IS AVAILABLE, BETA VALUE WILL BE CALCULATED FOR THEM ONLY TO MAINTAIN THE STANDARDS AND ACCURACY..

ALSO BEFORE CALCULATING THE BETA VALUE ALL THE ADJUSTMENTS TO THE PRICE LIKE SPLIT, BONUS, BUYBACK DIVIDEND ETC ETC SHOULD BE MADE..

A ""BETA VALUE"" DESCRIBES THE RELATIONSHIP BETWEEN THE SCRIP AND THE BENCHMARK INDEX LIKE NIFTY/SENSEX..

INVESTORS SHOULD INVEST IN SCRIPS WITH BETA VALUE RANGING FROM 0.75 TO 1.35

WHILE THE DAY TRADERS SHOULD BUY/SELL SCRIPS WITH HIGHER BETA VALUE ABOVE 1.0 (ONE) IN ORDER TO HAVE MORE VOLATILITY/MOVEMENT IN BOTH UP AND DOWN SIDE..

THANKS A LOT,
SIDDHARTH

[Ravi_S]

Class C Bearish Divergence in ACC... Lets see if the price comes down..

[dgvikram]

Hi Ravi,
I spotted this divergence in daily 5 min chart. Have I spotted it correctly so I can straightway take a short position next morning or there has to be some sort of conformation. Pls help

Regards
Bikram

[SID2060]

[SnoopTrade]

Hi ST/PT,

I was hoping if these could be moved to a new post or any topic which may be relevant to "Beta"otherwise I am seeing lot of threads in the future getting hijacked/diverted from the original topic. I think it would be great service to these wonderful forum and the people who might be searching/reading for information and knowledge, if all the post relevant to a particular thread are in order.

I hope you will look into this....

Sorry if I sound very rude. I am very sad and disappointed...

Thanks n Regards,
mave_rick

[sherbaaz]

SEE THE POWER OF DIVERGENCE.
regds

[sandew]

SherBaaz, hi
Is this a weekly chart and what is RSI parameter, please

[sherbaaz]

Divergence trading in 60 min Tf in Canara Bank future.

[sunrays]

Gud work sherbaaz n ravi

[rvg]

Good work Sherbaaz / Ravi...

Sher.. we don't see you on the SB these days...

[Ravi_S]

Hi Baaz

Long time no see, Howz your Aussie trip? Need a small clarification on this...

While trading divergence, if it's a NVK setup (Class B) we can easily take entry as we have a double bottom formed. However in Class A, how do you decide on the entry, there is every possibility that the price may come down (as in the case of Canara Bank) further. Do you use candlesticks as well to decide on the entry, in this case we have a Hammer and a doji together. What is the kind of SL you trade with, since it's futures, we cannot have a huge SL.

Regards
Ravi

[sherbaaz]

Hi Ravi,

How are you? Nice to hear from you. Well I am an avid follower of candlesticks so its always there to make decisions in trade. I personally dont categorize the divergence in classes. I just try to spot the divergence if its there be it A,B or C.

Regarding trade entry i take it as per candlesticks usually. For tgt and SL use SPF and FIBO and see last 3 days OP,HP,LP & CP.

For intraday I play from small points in future depening on the stock. Like in CANBANK lot side is 800 so even if i get rs. 10/- its pretty decent for me.

As u have written about class A divergence its the strongest one of three so why not pick it and hook the ball for SIXXXXXX

For reference i am putting today's spot NIFTY chart from yahoo and see how simple the trading is if you spot the divergence.

rgds,

[Ravi_S]

Hi baaz

Doing good these days... Need to scan through Mr. Stevie Nison again to learn candlesticks... Would do so when time permits...

Ravi...