Long or Short Opinion

[crown]

Only person with whom I as a trader compete is ME and only ME.
Best traders know how to control ego, emotions and be humble to market.

Happy Trading

bhai
jo banda khud se compet karne kee kabiliyat rakhta ho, usko koi nahi hara sakta.

kyunki khud se compeet karna hee sabse muskil hota hai.

becoz, one can only compete with oneself when he is getting better results; and that keep him busy in improving.

aur tab ego aur emotions ke liye time hee kahan hota hai.

bhagwaan jaldi se mujhe bhi aisa hee bana de

 

[rrmhatre72]

Hi rmharte

i just checked RCOM again. It has given me an exit on daily charts. CCI has formed a ghost pattern, which suggest that fall can start any time. Today the neck line has formed, and falling can start any where...On weekly charts the trend is still up, so you can better watch this horizontal resistance line on RCOM. if this resistance sustains as support then you can wait otherwise can exit to enter at better levels suggested by praveen bhai.

Thanks Raj.

I do not have any charting system or better understanding on charts.
Hence I approched you.
I was expecting after crossing 200mark it will ralley further at least to 225 & I was thinking to exit at that time. Also expecting some gain due to new company formation with GTL infra.
But again it has come down. Also Nifty is struggling at 5300level. Hence was not very sure should I close position in loss & switch to another counter.
I agree with PT's view in telecom sector.
I will exit RCOM & Hold Bharat Forge. What should be good stop loss for Bharat forge? my Buying is at 271.

Anyway I am still holding L&T with stoploss of 1750. My buying price is 1600.
Do let me know if I need to do any tweeking in my stoploss based on charts

 

[rrmhatre72]

Nimish, In public forum when some tries to shake my ego, then I take a deep breath and decide to use my "right to ignore". (very powerful right that we all have but we don't use it enough. In my view, ignoring someone is worst respnose to any human being. It is easy to get excited but difficult to stay cool.)

I have got better things to do, then spending time in defending myself. It makes no difference to me about what others think of me.. I know myself pretty well and I do what I want to do. Why to allow someone to dictate my action..

Again some gyan coming from my age.. I know some of you here are young and don't have as many grey hairs as me, hence sharing it with you. Hope this helps (ofcourse you are free to use your "right to ignore")

Happy Trading

Hi AW,

Well said... A golden rule to remember in life.....

 

[rajeabc]

A technical move that suggested more selling pressure may be ahead also weighed on US stocks. The S&P 500's 50-day moving average broke below its 200-day moving average, a development known as the "death cross."

This has happened before in Dec 2007 and had taken the market at lowest point in 14 years.

 

[simple_trader]

If NIFTY future holds on 5200-5230 range, as a contra trade, look at SAIL and TATASTEEL for long trade next week. Make sure that you get an evidence that these are not breaking below last 2-3 days low and rather taking support around those.


Happy trading!!

 

[simple_trader]

As per my analysis, in immediate (for next two days), if NF can manage to trade above 5285 and sustain a couple of hours, then it can be considered as breakout. At the same time, if we give up 5200-5230 support band, we need to be careful in long side.

It is difficult to short the market unless global markets bounces back. At least I feel in this way.

Thursday was insider day and Friday we made higher high and higher low. Close was below previous day's low. Need to see if we are going below 5200.

Happy trading!

 

[rajputz]

Thanks Raj.

I do not have any charting system or better understanding on charts.
Hence I approched you.
I was expecting after crossing 200mark it will ralley further at least to 225 & I was thinking to exit at that time. Also expecting some gain due to new company formation with GTL infra.
But again it has come down. Also Nifty is struggling at 5300level. Hence was not very sure should I close position in loss & switch to another counter.
I agree with PT's view in telecom sector.
I will exit RCOM & Hold Bharat Forge. What should be good stop loss for Bharat forge? my Buying is at 271.

Anyway I am still holding L&T with stoploss of 1750. My buying price is 1600.
Do let me know if I need to do any tweeking in my stoploss based on charts

It doesnt mean that cci is coming down from 200, then price cannot rise....it can...Thats y i prefer exit at 100. But still you can also enter at later stage....

For bharat forge you can trail the stoploss to 280 i think. Its already at 294....so if hit also then you will be in profit.

If i speak of my self, then i dont keep stoploss while trading, but enter or exit mechanically on the basis of exit strategy....that saves me from whipsaw moves....

On Daily charts, LT has given exit, but trend is still up on weekly charts...so consider accordingly...

 

[rajputz]

I am getting a very bad feeling about nifty. Looks like it is going to break the support and fall. For last few sessions it is not showing any proof of strength.

CCI is slowly drifting towards the 0 line. Although it didnt gave me any favorite signal to short, but still Turbo CC slingshot made me short on the eod basis. Stochastic and RSI movement is also not good. It is showing a clear fall.

Well if prediction of this falls become right(only if), the i wish to see 4600-4700 in coming time. But lets c how actualy price shapes up.

 

[praveen taneja]

As per my analysis, in immediate (for next two days), if NF can manage to trade above 5285 and sustain a couple of hours, then it can be considered as breakout. At the same time, if we give up 5200-5230 support band, we need to be careful in long side.

It is difficult to short the market unless global markets bounces back. At least I feel in this way.

Thursday was insider day and Friday we made higher high and higher low. Close was below previous day's low. Need to see if we are going below 5200.

Happy trading!

I still say a close above 5333 with vollume is must for upmove :clap:

 

[rajeabc]

......

It is difficult to short the market unless global markets bounces back. At least I feel in this way.
......

Happy trading!

Hi Smiple_trader, First of all let me thank you for you valuable post here and in your dedicataed thread for trading. I found your thread very valuable for new comers. Now could you please help me to understand
Do you mean that market will go up before any major correction (if any) ? Why do you feel so ?
I was watching a report on CNBC USA .TAs are divided on out come of dead cross . Some of them feel it could be a base for bounce but majority is with the though that market will go down as micro data are not supporting recovery enough as it was thought so.