Long or Short Opinion

[rmdsmile]

i need share Formula to calculate resistance and support levels for short call

 

[rajeabc]

i need share Formula to calculate resistance and support levels for short call

All values are of previous EOD.

PIV=(H +C +L)/3 ;
RES1=2*PIV-L ;
RES2=PIV+H-L;
SUP1=2*PIV-H ;
SUP2=PIV-H+L ;

 

[rmdsmile]

Hi everyone,

Anybody can chip in here in the thread and discuss, long or shorts for some particular stocks or indices, with charts or what ever he/she thinks.

I think it will be helpfull for all, as no body can track all the charts and stocks, while one with the idea can share it here.

I will my self try to put my ideas here. Long and shorts can be posted with any TA.

Hi
i need Formula to calculate resistance and support levels for short call

 

[rmdsmile]

Hi,

Good Luck. But something dramatic has to happen in sugar sector for Balrampur to go to 121 in near future. Frankly speaking I donot see it going beyond 100-105 levels during this technical bounce. Well you may have your reasons not to get out there but I see more downside in sugar & there is no reason to stay long other than booking out during technical bounce.

Cheers !!!

Alok Tewari

Hi
i need Formula to calculate resistance and support levels for short call can u provide me...........

 

[rmdsmile]

All values are of previous EOD.

PIV=(H +C +L)/3 ;
RES1=2*PIV-L ;
RES2=PIV+H-L;
SUP1=2*PIV-H ;
SUP2=PIV-H+L ;

Thanks for ur reply brother, this formula is same for long call also.......... and how do i know for selling price and buying? can u give me any example.......

 

[rajputz]

Untill and unless CCI is above this +100 line, you can safely hold your position. On eod basis, the day it crosses below it, square off your positions...

Hi Raj,

Some basic questions on charts.

1. When you say +100 line, Does it mean 100DMA line? Is it SMA or EMA?
2. When you say above +100 line, Does it mean complete candle should be above that? I mean to say even lower end of candle (low for the day) should be above that tine. Or just close should be above that line

It is on CCI. -100 is below the 0 Line. And +100 is above the 0 line.

CCI line that is colored white in the panel should have crossed +100 to downside or -100 to upside. That is my preffered exit in any trend.

Check the image: -

 

[aditya14]

Gone short in nifty 5292 lets see

Absolutely wonderful trade was worried when it went above 5300 for 1-2 mins but was assured as soon as it wasn`t able to hold.

Booked at 5260 maybe a tad early but it was 20ema on 30min so booked arnd that

 

[rajeabc]

Thanks for ur reply brother, this formula is same for long call also.......... and how do i know for selling price and buying? can u give me any example.......

my dear frnd you are asking for a divine armoury, this is what everyone in the market is fighting for. If one knows buying and selling price then he/she would become very rich.
You need to learn and understand lot of things before you start trying in the real world if you are new to the market.There are lot of good resources available in this site please try those and ask experts here if have any doubt ( I don't falling in that expert category yet) .
May be experts want to share a short cut /point blank method to predict selling and buying price.
This is not to discourage but to alert you from the sharks in the markets.

 

[rajputz]

Buy patel int log. for a target of 42 in the medium term. s/l 30

nice pick good stocks. Stock is gaining momentum on weekly charts. Although on Daily charts, i found it little weak. But these are penny stocks so i really cant comment with indicators on these.

Check the weekly chart although: -

I am learning kwikpop these days, and it is also giving a buy according to its pivot based buy system. I prefer buying after the basing of the second pivot high on a blue candle. On next blue candle appearning, i will surely want to buy it for the delivery purposes.

 

[rajputz]

Update of the Ghost that occured few days back.