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WW ON EOD CHARTS |
vinay28 Black Belt
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Joined: 24 Dec 2010 Posts: 11748
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Post: #526 Posted: Sat Jun 15, 2013 2:06 pm Post subject: Re: +ww and -ww |
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reachchirag wrote: | Dear Vinay,
Sorry to ask a stupid question. Can you please help me by answering +ww means going short or going long. |
+ means higher target and hence going long when entry is triggered. +ww occurs in falling wedge and is in sync with the concept of its break out.
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reachchirag White Belt
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Joined: 28 Nov 2012 Posts: 102
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Post: #527 Posted: Sat Jun 15, 2013 2:18 pm Post subject: thank you |
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thank you vinay.
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sureenderkalra White Belt
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Joined: 11 Dec 2012 Posts: 174
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Post: #528 Posted: Sun Jun 16, 2013 6:34 pm Post subject: +ww in PFC (EOD CHART) |
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I think so that PFC (FUT) can be bought with a SL @ Rs.159.50. I am mentioning fibonacci retracement levels just for reference:
23.6% - 176.05
38.2% - 186
50% - 192
61.8% - 202
You may set your target yourself according to these levels.
Best of luck.
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DEVDIW White Belt
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Joined: 11 Jan 2009 Posts: 101
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Post: #529 Posted: Wed Jun 19, 2013 2:23 pm Post subject: |
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+ww EOD NTPC
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rk_a2003 Black Belt
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Joined: 21 Jan 2010 Posts: 2734
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Post: #530 Posted: Tue Jul 16, 2013 9:04 pm Post subject: |
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Bullish WW in SBI.
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DEVDIW White Belt
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Joined: 11 Jan 2009 Posts: 101
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Post: #531 Posted: Tue Jul 16, 2013 9:13 pm Post subject: |
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+WW in SBI Future EOD
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chetan83 Brown Belt
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Joined: 19 Feb 2010 Posts: 2036
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Post: #532 Posted: Tue Jul 16, 2013 9:34 pm Post subject: |
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DEVDIW wrote: | +WW in SBI Future EOD |
we cant trade SBIN based upon this chart in future, better to keep accumulating in parts, as earlier it went into the channel but SL got hit (keeping the low point 5 as SL), now again small + ww (posted by rk) is given the target which will again make SBIN enter the channel.....
God knows when 2500++ will be seen
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peace69 White Belt
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Joined: 27 Aug 2009 Posts: 113
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Post: #533 Posted: Thu Jul 18, 2013 1:53 pm Post subject: |
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[quote="chetan83"] DEVDIW wrote: | +WW in SBI Future EOD |
we cant trade SBIN based upon this chart in future, better to keep accumulating in parts, as earlier it went into the channel but SL got hit (keeping the low point 5 as SL), now again small + ww (posted by rk) is given the target which will again make SBIN enter the channel.....
God knows when 2500++ will be seen[/i]
when all/major of us leave hope to.....
similar false +ww occurred in BankBaroda & PNB on EOD. check it.
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vinay28 Black Belt
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Joined: 24 Dec 2010 Posts: 11748
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Post: #534 Posted: Thu Jul 18, 2013 1:58 pm Post subject: |
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chetan83 wrote: | God knows when 2500++ will be seen  |
patience my dear watson!
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DEVDIW White Belt
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Joined: 11 Jan 2009 Posts: 101
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Post: #535 Posted: Thu Jul 18, 2013 2:19 pm Post subject: |
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[quote="vinay28"] chetan83 wrote: | God knows when 2500++ will be seen  |
patience my dear watson! [/qu
vinay,
your views on sbi in 2 months.
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vinay28 Black Belt
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Joined: 24 Dec 2010 Posts: 11748
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Post: #536 Posted: Thu Jul 18, 2013 2:25 pm Post subject: |
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[quote="DEVDIW"] vinay28 wrote: | chetan83 wrote: | God knows when 2500++ will be seen  |
patience my dear watson! [/qu
vinay,
your views on sbi in 2 months. |
honestly I haven't studied it but I am going by my feeling that we may see a big move in nifty very soon and it's not possible without a much bigger move in bank nifty led by sbi and private banks. Of course, AS OF NOW, all bets are off after 6th august.
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vinay28 Black Belt
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Joined: 24 Dec 2010 Posts: 11748
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Post: #537 Posted: Thu Jul 18, 2013 2:58 pm Post subject: |
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vinay28 wrote: | honestly I haven't studied it but I am going by my feeling that we may see a big move in nifty very soon and it's not possible without a much bigger move in bank nifty led by sbi and private banks. Of course, AS OF NOW, all bets are off after 6th august.  |
bank nifty is up >300 above today's low. Has sbin moved up?
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apka Black Belt
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Joined: 13 Dec 2011 Posts: 6137
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Post: #538 Posted: Thu Jul 18, 2013 4:24 pm Post subject: |
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vinay28 wrote: | vinay28 wrote: | honestly I haven't studied it but I am going by my feeling that we may see a big move in nifty very soon and it's not possible without a much bigger move in bank nifty led by sbi and private banks. Of course, AS OF NOW, all bets are off after 6th august.  |
bank nifty is up >300 above today's low. Has sbin moved up? |
barely, its not even able to cross previous days high. but it saved its yesterdays low.
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deepakms White Belt
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Joined: 13 Aug 2009 Posts: 194
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vinst Black Belt
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Joined: 09 Jan 2007 Posts: 3303
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Post: #540 Posted: Tue Aug 06, 2013 8:33 pm Post subject: |
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deepakms wrote: | Hi RK,
EOD chart of nifty spot.
Will a COG or break above trend line confirm +WW ?
Rgds
Deepak |
1-3 and 2-4 lines are making a converging triangle which is not Wolfe wave.
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