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TRADING FLAG AND POLE - IN ALL TF'S |
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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Post: #1  Posted: Wed Oct 31, 2012 1:51 pm Post subject: TRADING FLAG AND POLE - IN ALL TF'S |
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Just saw apollo tyre 60 mins,
If close abv 86.70, I plan to buy with SL of 85.90 on 60 mins closing basis....
Target is open>>>
CMP - 86.40 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #2 Posted: Wed Oct 31, 2012 1:54 pm Post subject: |
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| chetan, for short term investment, SL for apollo tyres is 78 |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #3 Posted: Wed Oct 31, 2012 1:55 pm Post subject: |
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| vinay28 wrote: | | chetan, for short term investment, SL for apollo tyres is 78 |
Thanks Vinay....will keep a note of the same  |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #4 Posted: Wed Oct 31, 2012 2:44 pm Post subject: |
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Entered in Apollo at 86.40>>. SL - 85.90
Lets see>>> |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #5 Posted: Thu Nov 01, 2012 3:41 pm Post subject: Re: TRADING FLAG AND POLE - IN ALL TF'S |
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| chetan83 wrote: | Just saw apollo tyre 60 mins,
If close abv 86.70, I plan to buy with SL of 85.90 on 60 mins closing basis....
Target is open>>>
CMP - 86.40 |
Not much to lose BUT much to gain>>
Apollo tyre.....moving as expected>> closed at 89.55
Dont know how many entered  |
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #6 Posted: Thu Nov 01, 2012 8:24 pm Post subject: |
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Chetan, u rocked!!!!!!!!!!!!  |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #7 Posted: Fri Nov 02, 2012 9:08 am Post subject: |
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Hi Chetan,
Results day for apollo tyres.Hope it stays above the expectations and gives a rally opf 5-7 %.
Vishy |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #8 Posted: Fri Nov 02, 2012 9:33 am Post subject: |
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| vishyvaranasi wrote: | Hi Chetan,
Results day for apollo tyres.Hope it stays above the expectations and gives a rally opf 5-7 %.
Vishy |
Hi Vishy,
Did u bought Apollo after u exited the shorts?? |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #9 Posted: Fri Nov 02, 2012 10:52 am Post subject: |
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| chetan83 wrote: | | vishyvaranasi wrote: | Hi Chetan,
Results day for apollo tyres.Hope it stays above the expectations and gives a rally opf 5-7 %.
Vishy |
Hi Vishy,
Did u bought Apollo after u exited the shorts?? |
Yes Boss at 87.00.
Vishy |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #10 Posted: Fri Nov 02, 2012 12:04 pm Post subject: |
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BHARTI AIRTEL - 1M 30 mins - CMP - 278.60
SL - 276.50 (candle close), T-285++
On the lower side 34 EMA could be a support.
(earlier chart name wrongly named as 60 min TF) |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #11 Posted: Fri Nov 02, 2012 12:36 pm Post subject: |
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| chetan83 wrote: | BHARTI AIRTEL - 1M 30 mins - CMP - 278.60
SL - 276.50 (candle close), T-285++
On the lower side 34 EMA could be a support.
(earlier chart name wrongly named as 60 min TF) |
Moreover check the UTL in daily chart of Bharti Airtel>>>
IF closes abv 282 today chances are bright that it may rally from here>> |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #12 Posted: Fri Nov 02, 2012 12:43 pm Post subject: |
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| chetan83 wrote: | BHARTI AIRTEL - 1M 30 mins - CMP - 278.60
SL - 276.50 (candle close), T-285++
On the lower side 34 EMA could be a support.
(earlier chart name wrongly named as 60 min TF) |
CMP - 281.10 |
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prst
White Belt
Joined: 24 Sep 2011
Posts: 87
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| Post: #13 Posted: Sun Nov 04, 2012 11:56 am Post subject: Re: TRADING FLAG AND POLE - IN ALL TF'S |
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| chetan83 wrote: | Just saw apollo tyre 60 mins,
If close abv 86.70, I plan to buy with SL of 85.90 on 60 mins closing basis....
Target is open>>>
CMP - 86.40 |
still holding apollo tyres..
not sure whether to exit or hold..
on the daily, the +ww has not reached the target, but it has formed a bearish harami yesterday.. 
also a number of hammers.. |
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prst
White Belt
Joined: 24 Sep 2011
Posts: 87
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| Post: #14 Posted: Sun Nov 04, 2012 11:59 am Post subject: |
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interesting thread for an interesting pattern..
is there any site or screener, where we can identify such stocks ? |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #15 Posted: Sun Nov 04, 2012 1:13 pm Post subject: |
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| prst wrote: | interesting thread for an interesting pattern..
is there any site or screener, where we can identify such stocks ? |
Hi prst,
I dont see any website or screener posting such pattern which is under formation (same like WW, which we have to identify ourselfs)
I have seen Flag and pole formation taking place in Nifty spot Daily chart, a gap up opening above upper TL is what we can be optimistic about...the star pattern formed in daily chart on 02/11/12 should not make a evening star pattern like the date 04/04/12 on this monday 05/11/12.
Still when, we identify the Flag and pole pattern and enter, we should try to exit half the quantity when in substantial profit (when price reaches middle of the pattern) or trail the stop to cost.
Apollo tyre, I exited early at 88.40 (as I do in 1 lot only), looking in daily charts it seems that again a close abv 88.40 should egnite the price to touch 92 and 99 along with Nifty positive movement. |
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