Long or Short Opinion

[rajputz]

Tatamotors is looking weak over both daily and weekly charts. Price managed to close below daily support of 764, and more downside is expected. Momentum indicator CCI is also showing sign of momentum change. It has gone negative from positive. Oscillators are also falling for downward move.

 

[rajputz]

PNB is lookig good for shorting at the moment. For long time 1030 was holding as a support which is broken now. I see some further fall coming in it. CCI has also changed the momentum from positive to negative. Cowbunga system of Stochastics and RSI are also showing downward momentum building up on the stock.

 

[aditya14]

some people are married to shorts and so see everything short i come here everyday to see some insanely funny comments.Trader shud not be biased on 1 side which i think lot of comments show in this thread especially.

I was seeing some posts mentioning below 5235 5170 will come and this and that... and look what happened from there.

 

[nimish_rulz]

some people are married to shorts and so see everything short i come here everyday to see some insanely funny comments.Trader shud not be biased on 1 side which i think lot of comments show in this thread especially.

I was seeing some posts mentioning below 5235 5170 will come and this and that... and look what happened from there.

As I see everyone here whether he was short or long made money. Not too sure who you talking about. You were long at 5330 am I right?

 

[rajeabc]

S&P 500 : SMA(50) below SMA(200). We may see more sell off in coming time.
I guess today recovery was just to wait and watch tomorrow job data and also its long weekend . But I think majority is with bear at the moment that is what I could make out from CNBC USA.
Just be cautious whether you are bear or bull its your choice.

 

[crown]

namaste

with due regards, I beg to submit that:

mujhe kuchh nahi aata, isiliye meri baat ko ek kaan se sun kar doosre kaan se nikaal dena plz aur meri baat ke base par koi trade na karna. me abhi seekh raha hu. idhar likhane ka parpaj kewal khud kee noledge ke liye hai taki aap sab bade bhai log meri galti pakad kar muje bata de. so that I can learn something.

on EOD charts of nifty, the strength is there.
kyunki momentum abhi bhi positive hee lag raha hai mujhe.
chart neeche de raha hu.

ab doosri baat aati hai ki
if momentum is positive, then what do? matlab ki kya karna chahiye?

to mujhe lagta hai ki 5210 aur 5170 ke beech long entry, position base par kar sakte hai. stoploss 5170 ka rakh sakte hai. par target ka muje samajh nahi aaya ki kya ho sakta hai

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[crown]

iske baad mene ghante wale chart ko dekha

aur ghante wala chart dekh kar me confooj ho gaya hu

kyunki ghante wale chart me momentum weak lag raha hai

aur 5320 ke aas paas short entry ke chance lag rahe hai
stop loss 5340
par jesa ki, mene dekha ki dow and euro and asian markets to khoonam-khoon laalam-laal ho rahe hai to, nifty ka itna upar jaana to muskil hee hoga.

matlab ki, sayad ghante wale chart ke hisaab se kaam karna muskil hee hoga.

chart neeche hai
namaste

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[scplindia]

S&P 500 : SMA(50) below SMA(200). We may see more sell off in coming time.
I guess today recovery was just to wait and watch tomorrow job data and also its long weekend . But I think majority is with bear at the moment that is what I could make out from CNBC USA.
Just be cautious whether you are bear or bull its your choice.

Pl post the chart of S&P 500 with the death cross over.

Thanks
Prem kumar

 

[rajeabc]

Pl post the chart of S&P 500 with the death cross over.

Thanks
Prem kumar

Hi Prem , I was watching over the TV and don't have data for S&P . But you can check it on yahoo.

take care

Rgds

 

[rajputz]

Nifty according to higher bottom is moving in a range bound mode. But if one had a closer look at the top, then it is clearly not the channeling. Every time it rises, the top fails to touch the top of the channel. Can this happen this time too. Few days back nifty gave a turbo slingshot pattern for trend reversal on EOD chart, which is still in play. Momentum is downside, till zlr or GB100 doesnt occur on nifty. I am riding the short and exit on eod basis.

Oscillators are also down, falling nicely. But still my main exit will be based upon the eod chart of CCI. Weekly chart is also weak for any upward move. In some other third i mentioned that we might be in the last correction wave that can even head upto 4700 levels. But again, i can be totally wrong. My entry and exit will be totally mechanical this time.