Bharti & HLL ....is best pick !!!
- Thread starter Sarfarazd
- Start date
U
hi ashish,
don't you think the SL is too close to buying price?
don't you think the SL is too close to buying price?
You r right ,a very nice question ,why the SL was so close ,as i was expecting a pattern break ,which ,satistically found to be 64% (+)ve & 36% (-)ve ,hence i kept a tight SL,& as per chart 174.85 was on the downsloping line so 0.25% should have been my SL ,i increased it by another .12 % ,becoz the pattern was formed on RSI ,not on the price chart ,so a little bit play allowed.There is a site on pattern ,google "Bulloswki".Regarding your
query on "Bharti" ,actually HLL & few other Fut stocks i track regularly (which
are not so day traders favourite stock like RCOM or Bharti rather old timer's &
Fund house stock ,tracking them gives me an idea),hence Sarfarazd's & my need matches.Plz do not misunderstand me,as my EOD datas r updated not before 8pm so tracking so many charts becomes difficult.
Asish
U
Sarfarazd,
So HLL low did confirm our entry criteria,as in today's trading in HLL was reflecting loss in my a/c ,i did'nt enter becoz then my avg buy price would have gone up (though there would then have been a profit in intraday a/c),so let us wait for data updation & form tommorrow's trading plan in the evening.
Asish
So HLL low did confirm our entry criteria,as in today's trading in HLL was reflecting loss in my a/c ,i did'nt enter becoz then my avg buy price would have gone up (though there would then have been a profit in intraday a/c),so let us wait for data updation & form tommorrow's trading plan in the evening.
Asish
U
Sarfarazd,
The pain in HLL seems to be over.The 3rd Wave of 5th Down probably has been arrested
on 28th Feb.The "PRICE" correction of Pivots of 10th Oct & 11th Nov has ended on 28th
but still there was no sign of revival,this was disturbing me.To day i have studied
the "TIME" Correction part which also seems to have ended today.Here you can average
now the Max downside is 169.30.None of my Metastock codeed indicator ,except 2 are in
favour of Buy here,but i think most of them will give Buy signal tommorrow,plz dont
misunderstand that we are trying to PREDICT,most of the traditional indicator/osccilators
etc are late becoz they narrate the story after the event has happened,that is there
inbuilt logic format.I can safely assure you (as per Wave count,Fibonicci,etc) the down
trend in HLL has been arrested today.Not only the PRICE correction but also the TIME
correction is over.Still to be on the safe side Buy with SL Buy order @ 171.00 at 9.56
and after the trade place SL at 168.45,becoz Low is not to be much below 169.30,
(like what we thought yesterday about today's low).There will be a hurdle at 176.30
then as we previously discussed at 185.00,dont worry for those levels those r for
traders like me.I will buy at 9.56.
Asish
The pain in HLL seems to be over.The 3rd Wave of 5th Down probably has been arrested
on 28th Feb.The "PRICE" correction of Pivots of 10th Oct & 11th Nov has ended on 28th
but still there was no sign of revival,this was disturbing me.To day i have studied
the "TIME" Correction part which also seems to have ended today.Here you can average
now the Max downside is 169.30.None of my Metastock codeed indicator ,except 2 are in
favour of Buy here,but i think most of them will give Buy signal tommorrow,plz dont
misunderstand that we are trying to PREDICT,most of the traditional indicator/osccilators
etc are late becoz they narrate the story after the event has happened,that is there
inbuilt logic format.I can safely assure you (as per Wave count,Fibonicci,etc) the down
trend in HLL has been arrested today.Not only the PRICE correction but also the TIME
correction is over.Still to be on the safe side Buy with SL Buy order @ 171.00 at 9.56
and after the trade place SL at 168.45,becoz Low is not to be much below 169.30,
(like what we thought yesterday about today's low).There will be a hurdle at 176.30
then as we previously discussed at 185.00,dont worry for those levels those r for
traders like me.I will buy at 9.56.
Asish
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| A | Bharti Airtel | Position Trading | 3 | |
| S | Most Indian Shares Gain Before Inflation Data as Bharti Advances | Equities | 0 | |
| B | bharti telecom(old) | Position Trading | 0 | |
| S | BHARTIARTL-Potential Trade | Technical Analysis | 1 | |
| V | Old Bharti telecom Limited shares | Investors Grievances | 5 |
Similar threads
-
-
Most Indian Shares Gain Before Inflation Data as Bharti Advances
- Started by shyam.trivedi
- Replies: 0
-
-
-