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WW ON EOD CHARTS |
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #511 Posted: Sat Jun 08, 2013 12:02 pm Post subject: |
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hey u wrote something vishy
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #512 Posted: Sat Jun 08, 2013 12:05 pm Post subject: |
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and if we look at it this way then
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vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #513 Posted: Sat Jun 08, 2013 12:07 pm Post subject: |
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apka wrote: | hey u wrote something vishy | .
Ya Apka,
Just wanted to let you know the WW u hav drawn is incorrect as the Trendlines are diverging.By the way there was a -WW starting from 2-4-13 as Point 1.Thought of posting the chart as well but wasnt able to.
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vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #514 Posted: Sat Jun 08, 2013 12:13 pm Post subject: |
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apka wrote: | and if we look at it this way then | .
Ya Apka,
I personally Call this tweaking the Points as per our comfort presuming the market to act as we think .But i prefer to trade with P5 at 1950 only as this WW will be negated only abv 2429.So will wait patiently for that.
Vishy
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #515 Posted: Sat Jun 08, 2013 12:57 pm Post subject: |
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ok thank you, got u
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tuks87 White Belt
Joined: 02 Sep 2011 Posts: 13
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Post: #516 Posted: Sat Jun 08, 2013 1:04 pm Post subject: |
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Hi,
I may be wrong but propbably feel that SBIN can touch 1900-1950 levels for next week and final target of 1800 levels can be achieved by end of the series.
With the spike in Dollar, pressure on Bank Nifty and Bad results by SBIN, i think it is very much possible.
I made a good short at 2400 levels and probably planning to close after next week RBI policy comments.
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tuks87 White Belt
Joined: 02 Sep 2011 Posts: 13
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Post: #517 Posted: Sat Jun 08, 2013 1:16 pm Post subject: |
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I Found these weekly wolf wave on nifty. It is going good for a target of 5400-5500 by these series or next series.
Accumulating puts of 5500-5600 of current and next series seems to be a good bet and reward ratio also seems to be good.
I feel Dollar is going to play spoil sport for the market and the macros are still not upto the mark. The only thing supporting the market currently is IT sector with likes of TCS, Infy and HCL tech.
Sectorial Bearishness is already seen in Auto and Pharma and Financials can be next target.
The above is my Outlook on market.
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #518 Posted: Sat Jun 08, 2013 1:21 pm Post subject: |
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i think ur weekly chart is wrong, 2nd point is below 1?
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tuks87 White Belt
Joined: 02 Sep 2011 Posts: 13
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Post: #519 Posted: Sat Jun 08, 2013 1:28 pm Post subject: |
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In which chart apka? Sbin or nifty
Nifty
Point 1-2 5700-4760
Point 2-3 4760-6120
Point 3-4 6120-5480
Point 4-5 :-5480-6239
Point 5-6 : 6239-5500-5400 tgt.
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sprithiani White Belt
Joined: 17 Feb 2010 Posts: 1
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Post: #520 Posted: Sat Jun 08, 2013 2:51 pm Post subject: WW ON EOD CHARTS |
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Guys,
Please check the attached chart. Is this a valid WW?[img][/img]
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #521 Posted: Sat Jun 08, 2013 4:48 pm Post subject: Re: WW ON EOD CHARTS |
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sprithiani wrote: | Guys,
Please check the attached chart. Is this a valid WW?[img][/img] |
this has already been posted a number of times in the past. Probably green candle at point 5 will happen on monday.
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chetan83 Brown Belt
Joined: 19 Feb 2010 Posts: 2036
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Post: #522 Posted: Wed Jun 12, 2013 9:11 pm Post subject: PFC EOD |
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GOOD CANDIDATE
AWAITING FOR CONFIRMATION (NOT TRADING TOUGH)
T - 193, 215+++
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #523 Posted: Sat Jun 15, 2013 1:28 pm Post subject: |
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Nifty +ww (EOD).The overshoot appears to be overstretched.Is it still a valid ww?.
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #524 Posted: Sat Jun 15, 2013 1:53 pm Post subject: |
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rk_a2003 wrote: | Nifty +ww (EOD).The overshoot appears to be overstretched.Is it still a valid ww?. |
the problem is not the undershoot as much the fact that it has made lower highs consistently, something that Bill Wolfe called a wobble, which is to be avoided. Anyway, entry is yet to come. Presently the price is not even in the sweet zone.
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reachchirag White Belt
Joined: 28 Nov 2012 Posts: 102
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Post: #525 Posted: Sat Jun 15, 2013 2:01 pm Post subject: +ww and -ww |
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Dear Vinay,
Sorry to ask a stupid question. Can you please help me by answering +ww means going short or going long.
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