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WW ON EOD CHARTS |
deepakms White Belt
Joined: 13 Aug 2009 Posts: 194
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Post: #286 Posted: Tue Mar 19, 2013 8:56 pm Post subject: |
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yes apka, I was referring to the breakdown for lower targets......rgds
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #287 Posted: Tue Mar 19, 2013 8:59 pm Post subject: |
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it closed above 2860 but TL may have moved up
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sureenderkalra White Belt
Joined: 11 Dec 2012 Posts: 174
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Post: #288 Posted: Tue Mar 19, 2013 9:46 pm Post subject: UPDATE ON RENUKA +WW EOD CHART |
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In fact, Renuka has formed 3 +ww simultaneously. It succeeded to break and hold above +ww1 and +ww2 but could not hold above +ww3 channel line and fallen down from that level. There is still hope since it has not broken + ww1 TL down and the price may shoot up. In case, it breaks +ww1 TL down then consider it failure for the time being.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #289 Posted: Tue Mar 19, 2013 9:50 pm Post subject: |
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Hi Deepak,
It appears to be still on the TL (in my charts).We may not consider it as a breakdown.
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #290 Posted: Tue Mar 19, 2013 10:08 pm Post subject: |
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unfortunately RK, 1-3 and 2-4 lines being parallel, there is no sweet zone. I am carrying my PE by the way though I booked 1/3 today
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sureenderkalra White Belt
Joined: 11 Dec 2012 Posts: 174
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Post: #291 Posted: Tue Mar 19, 2013 10:17 pm Post subject: UPDATE ON TCS +WW EOD CHART |
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If you remember I had posted -ww of tcs some days back for all members's comments. that time it could not hold below upper TL and moved up and this made me use PSAR. Now PSAR has also made crossover and bearish on tcs.
I am posting it again for all members comments. In fact, i am more confident this time then before.
Please take it as my opinion and do your analysis before you trade.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #292 Posted: Tue Mar 19, 2013 10:17 pm Post subject: |
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vinay28 wrote: | unfortunately RK, 1-3 and 2-4 lines being parallel, there is no sweet zone. I am carrying my PE by the way though I booked 1/3 today |
Welldone, IT pack is least effected today.Even after a good long rally in recent times,they are refusing to go down on the day when Nifty went down a good one and a half %.What's up?.Let us wait and see.
After today's show by IT pack I don't have guts to go short in them.
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sureenderkalra White Belt
Joined: 11 Dec 2012 Posts: 174
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Post: #293 Posted: Tue Mar 19, 2013 10:48 pm Post subject: UPDATE ON IBREALEST -WW EOD CHART |
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This is an update on posted -WW IBREALEST EOD CHART. I am attaching the current chart again that shows how it is rocking till now.
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #294 Posted: Wed Mar 20, 2013 8:19 am Post subject: |
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rk_a2003 wrote: | Welldone, IT pack is least effected today.Even after a good long rally in recent times,they are refusing to go down on the day when Nifty went down a good one and a half %.What's up?.Let us wait and see.
After today's show by IT pack I don't have guts to go short in them. |
I just get a feeling RK that IT is behaving as a defensive and may go down if nifty starts going up. I could be wrong.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #295 Posted: Wed Mar 20, 2013 8:25 am Post subject: |
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vinay28 wrote: | rk_a2003 wrote: | Welldone, IT pack is least effected today.Even after a good long rally in recent times,they are refusing to go down on the day when Nifty went down a good one and a half %.What's up?.Let us wait and see.
After today's show by IT pack I don't have guts to go short in them. |
I just get a feeling RK that IT is behaving as a defensive and may go down if nifty starts going up. I could be wrong. |
Quite possible Vinay.But as of now it seems that they are living in a hope of booster in the form of "Obama medical care scheme in US" which may potentially generate billion dollars business for them.
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #296 Posted: Wed Mar 20, 2013 10:08 am Post subject: |
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sold my puts as I am busy with something else. not bad, bought at 44 and sold at 70 in 2 days
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chetan83 Brown Belt
Joined: 19 Feb 2010 Posts: 2036
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Post: #297 Posted: Thu Mar 21, 2013 10:31 pm Post subject: |
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Hi,
TATASTEEL spot EOD, seems to give a pullback again for 360+++,
one can try to long it with SL at 325 as daily EOD closing....
CMP - 327.85, good RR though.
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #298 Posted: Fri Mar 22, 2013 8:53 am Post subject: |
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rk_a2003 wrote: | vinay28 wrote: | rk_a2003 wrote: | Welldone, IT pack is least effected today.Even after a good long rally in recent times,they are refusing to go down on the day when Nifty went down a good one and a half %.What's up?.Let us wait and see.
After today's show by IT pack I don't have guts to go short in them. |
I just get a feeling RK that IT is behaving as a defensive and may go down if nifty starts going up. I could be wrong. |
Quite possible Vinay.But as of now it seems that they are living in a hope of booster in the form of "Obama medical care scheme in US" which may potentially generate billion dollars business for them. |
Yesterday Oracle announced disatisfactory result and nasdaq too went down with Oracle.Possibilities are there for this negative sentiment to spread to Indian IT pack too.The weak links here are INFY and Wipro.One may look for opportunities to short them now.
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #299 Posted: Fri Mar 22, 2013 8:57 am Post subject: |
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RK, at least wipro looks a buy as of now
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #300 Posted: Fri Mar 22, 2013 8:59 am Post subject: |
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I have a feel, INFY can go up as well.
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