iCharts Discussions

[channasri]

@ Prakash Holla,

ChannasriSAR has been proved dependable in eventful days also. There could be intra-day volatilities if both spot values and ChannasriSAR lie within a close range. I chose options writing in eventful days and sideways markets since I remain busy at work place and unable to look into charts.

ChannasriSAR triggered SHORT even before the FED decision day and remained SHORT before Bihar election results too. Of late, my nifty trades are being managed by an algorithm. Hence, my trading account will be trading in futures even during eventful days. However, I will book profits if the position is running into profits of the order 300-500 points and my algorithm wait for the next trigger.

I will update 20 months performance graphs of ChannasriSAR for Nifty and Banknifty when time permits. I will also share a minimum 12 months performance graph of ChannasriSAR for Relinfra.

I am sorry for the delayed response as I remained extremely occupied - both professionally and personally.


Hi,

Please note ChannasriSAR for 17-11-2015:

Nifty: 7897 (This is Channasri SAR in spot)
TSL for shorts: 7858 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7900 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7800 level is critical.

Bank Nifty: 17091
TSL for longs: 17150
SL for shorts (if trend reverses): 17259
Bank Nifty intraday: 17200 level is critical.

Relinfra: 397.00 (TSL 400.00)

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[pkholla]

No need to reply as u may be busy

Channasri, No problem, as you are making time to post sense and reply meaningfully!
As you rightly state, a system that proves itself in adverse or difficult circumstances will provide handsome results in better conditions!
We are lucky to have a dedicated team here in IC, giving us levels, targets and analysis. Especially, I have noted that if 2 people give the same entry/ targets then the probability is nearly 100%
Thank you, Prakash Holla

[channasri]

@ Prakash Holla,

I fully appreciate and admire the icharts team. They have converted the FORUM into a learning institution. Trading levels given by icharts team are excellent. Aspiring traders can learn a great deal of TA (Technical Analysis) by visiting selected threads. Threads run by Welgro, Ritapandit, Shashangan, JT, Ramesh Raja, Shankaar, Vinay, sumesh, chetan, opportunist, vkawade, buffet, svkum, Rahulsharmaat and yourself. I am learning from all of you.

Sarvajnanembuvanu garvadindaadavane, yellarolu ondondu padavam kalithu vidyeya parvathave aada Sarvajna.

Let's learn together and grow together.

Hi,

Please note ChannasriSAR for 18-11-2015:

Nifty: 7881 (This is Channasri SAR in spot)
TSL for shorts: 7852 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7890 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7850 level is critical.

Bank Nifty: 17088
TSL for longs: 17103
SL for shorts (if trend reverses): 17000
Bank Nifty intraday: 17200 level is critical.

Relinfra: 400.75 (TSL 403.75)

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 19-11-2015:

Nifty: 7845 (This is Channasri SAR in spot)
TSL for shorts: 7822 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7860 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7750 level is critical.

Bank Nifty: 17023
TSL for shorts: 17000
SL for longs (if trend reverses): 17100
Bank Nifty intraday: 16900 level is critical.

Relinfra: 401.50 (TSL 405.00)

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[EssJay]

Dear Channasr1, I assume we are short in Relinfra now since your SAR was hit yesterday? And 405 is TSL for shorts?

Also Bank Nifty didn't give a chance for entry into short yesterday, Nov 18? I waited for 2 consecutive 5 min candles to close below 17088. But the bank nifty just plummeted.

[channasri]

@ EssJay,

EOD value of Relinfra on 18-11-2015 was 405.25. EOD is actually 30SMA at 3-30p.m. in 1 minute time frame. However, the 3 min. candle closing at 3-30 p.m. shows 403.10 as closing value.

The ChannasriSAR for 18-11-2015 was 400.75 and 403.75 stop loss for LONGs. From this post, I have started giving daily update for relinfra in the same pattern as for Nifty and Bank Nifty. Hope this helps to understand my approach to positional trading in Relinfra.

Regrading Bank Nifty, yes it plummeted. However, please note that TA (Technical Analysis) can be taken by surprise on either right side or wrong side when the underlying scrip shows such volatile movements.


Hi,

Nifty now needs support from Bank Nifty to maintain the uptrend.

Please note ChannasriSAR for 20-11-2015:

Nifty: 7839 (This is Channasri SAR in spot)
TSL for longs: 7839 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7825 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7850 level is critical.

Bank Nifty: 17027
TSL for longs: 17050
SL for shorts (if trend reverses): 17100
Bank Nifty intraday: 17000 level is critical.

Relinfra: 403.25
TSL for longs: 405.75
SL for shorts (if trend reverses): 403.00
Relinfra intraday: 407 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[EssJay]

Thank you so much, Channasri for your valuable inputs. Regarding the Bank nifty, it wasn't a criticism, merely a query. Please keep up the good work. Thanks once again.

[channasri]

@ EssJay,

I too understood your post as a query only. We both are on same page Therefore, I tried to explain my interpretation. Thanks for the encouragement.

Hi,

Nifty stands at a critical juncture. Bank Nifty is on the LONG side. Now Nifty has to ascertain itself. Let's see market's verdict on Monday.

Please note ChannasriSAR for 23-11-2015:

Nifty: 7835 (This is Channasri SAR in spot)
TSL for longs: 7840 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7825 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7850 level is critical.

Bank Nifty: 17025
TSL for longs: 17038
SL for shorts (if trend reverses): 17000
Bank Nifty intraday: 17000 level is critical.

Relinfra: 406.50
TSL for longs: 408.50
SL for shorts (if trend reverses): 404.00
Relinfra intraday: 412 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 24-11-2015:

Nifty: 7832 (This is Channasri SAR in spot)
TSL for longs: 7836 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7825 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7850 level is critical.

Bank Nifty: 17031
TSL for longs: 17041
SL for shorts (if trend reverses): 17000
Bank Nifty intraday: 17000 level is critical.

Relinfra: 408.50
TSL for longs: 411.00
SL for shorts (if trend reverses): 406.00
Relinfra intraday: 412 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 26-11-2015:

Nifty: 7829 (This is Channasri SAR in spot)
TSL for longs: 7829 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7829 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7850 level is critical.

Bank Nifty: 17026
TSL for shorts: 17000
SL for longs (if trend reverses): 17050
Bank Nifty intraday: 17000 level is critical.

Relinfra: 411.50
TSL for longs: 414.00
SL for shorts (if trend reverses): 410.00
Relinfra intraday: 414 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 27-11-2015:

Nifty: 7838 (This is Channasri SAR in spot)
TSL for longs: 7848 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7830 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7850 level is critical.

Bank Nifty: 17031
TSL for longs: 17031
SL for shorts (if trend reverses): 17000
Bank Nifty intraday: 17000 level is critical.

Relinfra: 416.25
TSL for longs: 419.00
SL for shorts (if trend reverses): 414.00
Relinfra intraday: 429 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 30-11-2015:

Nifty: 7859 (This is Channasri SAR in spot)
TSL for longs: 7872 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7850 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7970 level is critical.

Bank Nifty: 17097
TSL for longs: 17131
SL for shorts (if trend reverses): 17097
Bank Nifty intraday: 17300 level is critical.

Relinfra: 419.75
TSL for longs: 422.75
SL for shorts (if trend reverses): 419.75
Relinfra intraday: 428 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 1-12-2015:

Nifty: 7875 (This is Channasri SAR in spot)
TSL for longs: 7892 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7860 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7970 level is critical.

Bank Nifty: 17160
TSL for longs: 17231
SL for shorts (if trend reverses): 17160
Bank Nifty intraday: 17500 level is critical.

Relinfra: 426.50
TSL for longs: 430.75
SL for shorts (if trend reverses): 426.50
Relinfra intraday: 445 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 2-12-2015:

Nifty: 7894 (This is Channasri SAR in spot)
TSL for longs: 7913 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7885 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7970 level is critical.

Bank Nifty: 17209
TSL for longs: 17279
SL for shorts (if trend reverses): 17200
Bank Nifty intraday: 17500 level is critical.

Relinfra: 431.00
TSL for longs: 436.00
SL for shorts (if trend reverses): 430.00
Relinfra intraday: 450 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 3-12-2015:

Nifty: 7901 (This is Channasri SAR in spot)
TSL for longs: 7918 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7885 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7950 level is critical.

Bank Nifty: 17209
TSL for longs: 17209
SL for shorts (if trend reverses): 17200
Bank Nifty intraday: 17250 level is critical.

Relinfra: 434.25
TSL for longs: 439.50
SL for shorts (if trend reverses): 432.00
Relinfra intraday: 450 level is critical.

I prefer to use 5 EMA in 3 or 5 min charts or 7 SMA in 2 min charts of icharts and the levels provided here for booking profits and re-entry and hedge my positions with options on the opposite side - especially on the day of trend reversal and the next trading day.

I prefer to use one of these moving averages and ChannasriSAR in the following way:

I draw a trend line using Channasri SAR as reference point. Cross over above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. For profit booking and re-entry, I use the TSL numbers as another trend line and crossovers as triggers.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri