General Trading Chat

[Sidz]

@Varunji,
What are your views on pharma sector? Especially sun pharma if possible.

 

[XRAY27]

Inside day with NR 7 in Nifty - NR 4 day in Bank Nifty...

 

[wisp]

AP ji go with OBV you will come to know when the retracement ends and uptrend begins or if at all the retracement becomes a reversal. Volumes donot lie and it cannot be created from thin air. It takes real money to be reflected. Just posting a chart of Bajaj Finance (Yes you may call it hindsight but nevertheless it is a beautiful chart. Whenever the OBV has come above the green line from below (The lines provided by Happy Ji ), it has given an opportunity to add.

The 2 green lines are the 15period highs and lows of OBV. And the turquoise line in Price pane is the 36EMA.

May I humbly add, Bajaj is a very bullish chart and anything would have worked here. Please see this BNF chart and the beautiful adds given every time price went over the blue and pink MAs. These kind of charts are easy to trade.

How does OBV fare on a sideways chart?

 

[XRAY27]

I always try to post charts with my reasonings. Let people laugh at me. The more charts i see the more confident i become of the power of charts and the more self-reliant i become.

Varun ji !!! just remember !!!

 

[varunkochhar]

wisp ji give me some chart which you think went sideways and let us analyse that whether OBV was any good or not.

 

[wisp]

wisp ji give me some chart which you think went sideways and let us analyse that whether OBV was any good or not.

Can we look at 3 min charts varunji?or if daily how to Aug to 2005 to April 2006 BNF daily chart
3 min may 24, 25, 29, 30

 

[varunkochhar]

Wisp ji you are still not getting the point. We are not talking of any holy grail system. Just taking trades with clear cut Stops when both price and Obv are in sync. At some point during downturn Bajaj would also have gone down at that time we coould have shorted. I guess you can trade any chart that you want to and i or for that matter everybody would like to go long in positive charts. We are in a bull market so we would only be talking about going long. I do not understand why would you like to trade contra for a few risky points. I had read somewhere "The Bulls make money (In Bull Market) The bears make money (In Bear Market) but the pigs (contra traders) get slaughtered always."

 

[varunkochhar]

Can we look at 3 min charts varunji?or if daily how to Aug to 2005 to April 2006 BNF daily chart
3 min may 24, 25, 29, 30

Wisp ji i have data for Aug 2015 an onwards. If you could provide me charts for Aug 2005 to April 2006 maybe i can make an attempt

 

[wisp]

Wisp ji you are still not getting the point. We are not talking of any holy grail system. Just taking trades with clear cut Stops when both price and Obv are in sync. At some point during downturn Bajaj would also have gone down at that time we coould have shorted. I guess you can trade any chart that you want to and i or for that matter everybody would like to go long in positive charts. We are in a bull market so we would only be talking about going long. I do not understand why would you like to trade contra for a few risky points. I had read somewhere "The Bulls make money (In Bull Market) The bears make money (In Bear Market) but the pigs (contra traders) get slaughtered always."

What makes you think I trade contra?!?

 

[varunkochhar]

No you had a reservation of trading a bullish chart so i wrote. As you said that Bajaj is a bullish chart and there is no point discussing it.