General Trading Chat

[varunkochhar]

Or for smaller SL and better risk reward, one could have shorted the Put whenever the OBV came back into the channel after breaking above it, with a hard SL of 174 in the morning and 168 after 12:00.

 

[timepass]

TP ji that is the levels of LV bar.

You don't have a volume panel in the chart, is the low volume bar calculated in the background and then the line plotted in the chart ??

 

[varunkochhar]

Tp ji there is no need for the volume panel to be displayed.

 

[varunkochhar]

As i said sometime back that you can use PDC, 11:00, 36EMA,1:30, 200EMA as reference points for BO/BD. They just give you important milestones to base your trading decisions nothing else.

 

[varunkochhar]

What is that red dotted line in the price panel ?

Actually if you observe carefully there are 2 thin dotted lines red and green corresponding to the low and high of the LV bar.

 

[varunkochhar]

In the LV bar concept i think the levels of OBV would give us a better edge. I am looking for someone who can help me draw automatic line (just like in price pane) at the closing level of OBV at the LV bar as i am not at all tech savvy.

 

[vishal7176]

Varun ji

Still I am not getting clear about LV bar concept.
Is any senior please help me to understand .

Respected Varun ji, in your chart there is no volume pane there I think , then how I decided where is low volume bar .
Can I post same chart with volume ?
Would you please guide on it ?

 

[varunkochhar]

ya sure post a chart and i will guide you.

 

[varunkochhar]

My last week's pick was Gmr Infra which did more than 20%. This week it is NBCC (though do not expect 20%). SL 195/197. No targets. Profit as per greed. Will post some charts later.

 

[Tuna]

Varun,
Is Ujjivan showing OBV divergence with the possible bottom?