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WW ON EOD CHARTS |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #226  Posted: Mon Feb 11, 2013 3:54 pm Post subject: |
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| RCOM closed at 75.05.Closed 74.90 (post hours).Will close position tomorrow after looking at the opening moves. In case it trades above 75; Longs can be carried. As of now it's appearing weak.
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #227 Posted: Tue Feb 12, 2013 1:58 pm Post subject: |
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Hi,
Powergrid Update.
exited my position at 113 seeing a contrary wave being formed as my position was as per 60tf. Mite reach the tgt but anyways happy with the profit made.
Vishy
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #228 Posted: Tue Feb 12, 2013 2:01 pm Post subject: Re: Sintex |
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| sandeep100 wrote: | | Sir, please have your views, if sintex is a case for +WW. |
No Sandeep,
Vishy
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #229 Posted: Tue Feb 12, 2013 9:34 pm Post subject: |
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Cipla, coal, heromotoco
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #230 Posted: Tue Feb 12, 2013 9:46 pm Post subject: Re: Sintex |
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| sandeep100 wrote: | | Sir, please have your views, if sintex is a case for +WW. |
Sandeep,
i am certainly not Sir.Just a learner like you.
In this case point 1 is somewhat ambiguous. Let's see whether it reaches point 5.We will decide later.
Btw have you seen weekly chart spanning over large period.
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #231 Posted: Wed Feb 13, 2013 1:44 pm Post subject: |
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Hi,
Was talking of a contrary wave in Powergrid seeing which i had exited my positions. Just posting the chart to ensure if followed strictly how they work.
Vishy
| Description: |
| Powergrid - contrary-6otf |
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37.69 KB |
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285 Time(s) |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #232 Posted: Wed Feb 13, 2013 3:12 pm Post subject: |
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Powergrid-1m 60Tf.Bingo Spot on.
Vishy
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36.86 KB |
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270 Time(s) |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #233 Posted: Wed Feb 13, 2013 6:12 pm Post subject: |
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Have a look at RCOM weekly chart. Of course we are in the middle of the week. I was short in Rcom and covered it after citing a small +ww in EOD chart. Traded that booked loss in that trade.
People who are hesitant in trading diverging channel may particularly observe this.
Also look for my comments on the same in "My Failed ww" thread.
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140.68 KB |
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296 Time(s) |
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amitkbaid1008
Yellow Belt
Joined: 04 Mar 2009
Posts: 540
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| Post: #234 Posted: Wed Feb 13, 2013 11:17 pm Post subject: |
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@rk_a2033
I found that
1. Point 1 is not a swing high or actually not a high
2. Upper trend line does not cover all the candles
3. Wedge is expanding
As per my view this is not a WW
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #235 Posted: Thu Feb 14, 2013 8:37 am Post subject: |
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| amitkbaid1008 wrote: | @rk_a2033
I found that
1. Point 1 is not a swing high or actually not a high
2. Upper trend line does not cover all the candles
3. Wedge is expanding
As per my view this is not a WW |
Thats fine Amit. With my experience I can tell that point 1 and 3 are not that relevant for ww's(extreme divergence in channel is avoidable).I could not catch your point 2.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #237 Posted: Thu Feb 14, 2013 9:09 am Post subject: |
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I think one can invest in IFCI after overshoot for higher targets around April 1st,hoping that this won't fool us.
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308 Time(s) |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #238 Posted: Thu Feb 14, 2013 10:47 am Post subject: |
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| rk, invest in ifci? Or trade? It' a sick firm.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #239 Posted: Thu Feb 14, 2013 11:19 am Post subject: |
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| vinay28 wrote: | | rk, invest in ifci? Or trade? It' a sick firm. |
I mean not to go for Futures.Take position in eqity in Feb.Getout at higher levels in April.
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amitkbaid1008
Yellow Belt
Joined: 04 Mar 2009
Posts: 540
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| Post: #240 Posted: Sat Feb 16, 2013 11:41 pm Post subject: |
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| rk_a2003 wrote: | | I think one can invest in IFCI after overshoot for higher targets around April 1st,hoping that this won't fool us. |
I don't think Its a good set up for +WW
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