BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
- Start date
NIFTY for a New High
NIFTY had a gap up and closed above channel, rising MACD Lines, MACD histogram nearing previous peak. All these on the daily chart indicate that the market is poised to take off previous highs and not only that if there is a rest and then a take off, we are likely to see the continuation of the bullish trend. But before that, there is a likely pull back to value zone, which is today at 5132-5179 & quite far away from the current price. Either it will be a turn around from here in a slow pace so that the averages intersect at a higher level or will be another higher close in the coming session. There is a swing long position in the offing.
An interesting development with todays price move is that the weekly chart has also opened into a bullish trend. On the weekly it shows that there is a possibility of a false break, while that is a far cry in todays perspective.
Hourly charts show great strength with a peak on the MACD lines along with the price peak. The value zone on the last hour was at 5289-5327, our trend long position has locked 250+ points gain so far and a near 350 point gain at peak levels. This is an astounding performance for the hourly charts. It reminds us the power of trend following, lesser work more profits. Only compulsion is discipline.
It was unfortunate that the swing traders were left lonely in this robust move. Still, a wait will reward anyone in a handsome way.
The top performing sectors today were FINANCIALS with a 2.10% gain and BASIC MATERIALS with a 2% gain. STEEL and Industry groups have recorded above 5% gains in each. HINDALCO has given a trend buy signal on the daily above todays high of 154.60 along with TATASTEEL which had a 6.60% gain today & is a buy above 506.50. JINDALSTEL and STER are already trading long; the only stock in the metals pack on the index that lags is SAIL.
All the stocks in the FINANCIAL sector are non-trending.
Happy trading.
NIFTY had a gap up and closed above channel, rising MACD Lines, MACD histogram nearing previous peak. All these on the daily chart indicate that the market is poised to take off previous highs and not only that if there is a rest and then a take off, we are likely to see the continuation of the bullish trend. But before that, there is a likely pull back to value zone, which is today at 5132-5179 & quite far away from the current price. Either it will be a turn around from here in a slow pace so that the averages intersect at a higher level or will be another higher close in the coming session. There is a swing long position in the offing.
An interesting development with todays price move is that the weekly chart has also opened into a bullish trend. On the weekly it shows that there is a possibility of a false break, while that is a far cry in todays perspective.
Hourly charts show great strength with a peak on the MACD lines along with the price peak. The value zone on the last hour was at 5289-5327, our trend long position has locked 250+ points gain so far and a near 350 point gain at peak levels. This is an astounding performance for the hourly charts. It reminds us the power of trend following, lesser work more profits. Only compulsion is discipline.
It was unfortunate that the swing traders were left lonely in this robust move. Still, a wait will reward anyone in a handsome way.
The top performing sectors today were FINANCIALS with a 2.10% gain and BASIC MATERIALS with a 2% gain. STEEL and Industry groups have recorded above 5% gains in each. HINDALCO has given a trend buy signal on the daily above todays high of 154.60 along with TATASTEEL which had a 6.60% gain today & is a buy above 506.50. JINDALSTEL and STER are already trading long; the only stock in the metals pack on the index that lags is SAIL.
All the stocks in the FINANCIAL sector are non-trending.
Happy trading.
NIFTY with a strong bullish strength is coming towards the value zone which is at 5292-5329. Swing traders: be alert for your chance into the stupendous bullish move that the market is presently going through.
Our trend long position has locked 260 points gains and is increasing with every coming hour. That was the reward the market is offering for the patience the trend followers had when the going was turbulent. Thank you, Mr. Market.
Our trend long position has locked 260 points gains and is increasing with every coming hour. That was the reward the market is offering for the patience the trend followers had when the going was turbulent. Thank you, Mr. Market.
NIFTY with a strong bullish strength is coming towards the value zone which is at 5292-5329. Swing traders: be alert for your chance into the stupendous bullish move that the market is presently going through.
Our trend long position has locked 260 points gains and is increasing with every coming hour. That was the reward the market is offering for the patience the trend followers had when the going was turbulent. Thank you, Mr. Market.
Our trend long position has locked 260 points gains and is increasing with every coming hour. That was the reward the market is offering for the patience the trend followers had when the going was turbulent. Thank you, Mr. Market.
my positions like that the market has to expire above 5450 or below 5150 ... any chances ?
5450 seems to be a achievable target, crossing 5400 will be a new achievement for NIFTY at present. From there resistances are quite higher as we have a taken a big dive in 2008.
But on the down side 5150 is a far cry, there are plenty of supports almost at every 50 point intervals. 5200 is pretty strong.
But on the down side 5150 is a far cry, there are plenty of supports almost at every 50 point intervals. 5200 is pretty strong.
NIFTY hits value zone and activates swing long trade signal. Trade long above 5341.75 on futures with a stop of 5295 on future on the swing system. If the position is not filled, entry triggers are likely to change in the next hour. Value zone in the current hour is at 5295-5330. Though the market is having strong bullish sentiment, as it penetrates into the value zone, trend traders need to wake up from slumber.
It has been quite a long journey and the happy part of it is, no tension. Now lets start tightening our seat belts till NIFTY hovers around the value zone, if it flies off smooth, then again we shall resume our slum..rrrrrrr.
It has been quite a long journey and the happy part of it is, no tension. Now lets start tightening our seat belts till NIFTY hovers around the value zone, if it flies off smooth, then again we shall resume our slum..rrrrrrr.
Long gets filled
Swing long was filled in a smooth move, but the market is yet to gain strength in our direction. With down tick continuing, please move the swing long stop to 5322 on future.
Trend positions need tight watch as the value zone is at 5301-5331, struggling to push ahead. Back of the bull has been hit several times, and still this bull managed to keep moving ahead giving us trend followers the best of opportunity. Our trend long position is in with a 265 points profit lock. A great trade to be in.
Swing long was filled in a smooth move, but the market is yet to gain strength in our direction. With down tick continuing, please move the swing long stop to 5322 on future.
Trend positions need tight watch as the value zone is at 5301-5331, struggling to push ahead. Back of the bull has been hit several times, and still this bull managed to keep moving ahead giving us trend followers the best of opportunity. Our trend long position is in with a 265 points profit lock. A great trade to be in.
Swing long trade looses after small gains, a marginal loss of 3.50 points has been suffered. Now, the trend position is on the knife's edge. Value zone is struggling to move up, which is now at 5305-5331. A close below 5305 will give exit signal for the trend long position.
As the trend is still bullish, the long entry at 3.00 pm is above 5348.50. This is the system signal, while trigger of this long entry may not happen today.
Bullsih trend on the hourly is coming to an end with lots of struggle, this is a sign that the coming moves may not be as good. Let's follow our rules and we know in proof that discipline pays.
As the trend is still bullish, the long entry at 3.00 pm is above 5348.50. This is the system signal, while trigger of this long entry may not happen today.
Bullsih trend on the hourly is coming to an end with lots of struggle, this is a sign that the coming moves may not be as good. Let's follow our rules and we know in proof that discipline pays.
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| D | BraViSa Commodity Calls | Commodities | 81 |