Long or Short Opinion

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rajputz

Well-Known Member
rajputz ji,
Any new formation in DivisLab charts. what is your view on divislab.

Regards
It is in no trade zone for me. It is in trading range of 770 and 741...i would like it to get out of this range in one direction and look for a signal there...Stochastic and RSI is also in the region where they are not showing any strength to buy neither sell.
 

crown

Well-Known Member
Bhai is chart ko dekh ke kuchh detail bhi batao apne liye to kaali lines hopeless
praveen bhai
me kya detail bataon
I am already confused a lot on many things

First of all, though I have started a bit to understand the direction; but yet not able to catch the appropriate supp and resistance levels.
Like I shorted Tata Motors on 2 August and on 3rd August I was out of it on your recommendation. On 4th Aug it was just okay. But on 5 Aug onwards, it started moving upward. I tried a lot to figure out the reasons on charts, but still not able to. While you know that it will go up. How?

Then I shorted SBI Bank because I found Banking Sector a little weak. It also went down a bit, but then again it went up straight. On that day when I shorted SBI, I had three options to go short in banking sector SBI, ICICI and Axis Bank. I chose SBI while Rajput Bhai Chose Axis. I am sitting on loss while Axis has done its job. Where am I missing? It is really so much painful to not able to understand, despite all best efforts and sleepless nights working on charts.

Then I shorted Tata Steel on Friday at 543 and it was something okay. I hold the position as Tata Steel closed at 531 after making a low of 529.50. But today, all went wrong. While I was at good gains on Friday, today I am confused what to do.

I shorted Ashok Leyland by taking put of 70 at 1.70 and at that time Ashok Leyland was at 73.80. Now even after 3 days, the price of Ashok Leyland is 71.65 and also made a low of 70.80. but there is no increment in my put. Why, I really don't know?

Similarly many other trades which were initially good, but I dunno where and what I am missing.

can u please help me in this regard
 

rajputz

Well-Known Member
praveen bhai
me kya detail bataon
I am already confused a lot on many things

First of all, though I have started a bit to understand the direction; but yet not able to catch the appropriate supp and resistance levels.
Like I shorted Tata Motors on 2 August and on 3rd August I was out of it on your recommendation. On 4th Aug it was just okay. But on 5 Aug onwards, it started moving upward. I tried a lot to figure out the reasons on charts, but still not able to. While you know that it will go up. How?

Then I shorted SBI Bank because I found Banking Sector a little weak. It also went down a bit, but then again it went up straight. On that day when I shorted SBI, I had three options to go short in banking sector SBI, ICICI and Axis Bank. I chose SBI while Rajput Bhai Chose Axis. I am sitting on loss while Axis has done its job. Where am I missing? It is really so much painful to not able to understand, despite all best efforts and sleepless nights working on charts.

Then I shorted Tata Steel on Friday at 543 and it was something okay. I hold the position as Tata Steel closed at 531 after making a low of 529.50. But today, all went wrong. While I was at good gains on Friday, today I am confused what to do.

I shorted Ashok Leyland by taking put of 70 at 1.70 and at that time Ashok Leyland was at 73.80. Now even after 3 days, the price of Ashok Leyland is 71.65 and also made a low of 70.80. but there is no increment in my put. Why, I really don't know?

Similarly many other trades which were initially good, but I dunno where and what I am missing.

can u please help me in this regard
Try to fiigure volume action at support and resistance levels...and dont strain urself with the sleepless nights...some things need time...give it and u will succeed...just remember "NEVER NEVER NEVER GIVE UP - DIE TRYIN "
 

rajputz

Well-Known Member
SAR for tomorrow is 5460...Lets c if its respected...last SAR of 5444 short hit stoploss by 5 points...but reversing the position is going good....lets c how future shapes up...Trend decider is 5470 and reversal can be at 5460...be cautious...On Spot.
 

crown

Well-Known Member
Try to fiigure volume action at support and resistance levels...and dont strain urself with the sleepless nights...some things need time...give it and u will succeed...just remember "NEVER NEVER NEVER GIVE UP - DIE TRYIN "
thanks bhai
but I really am not able to understand the concept of volume at all. Everytime, I tried it confused me a lot; that was the very reason I was too much impressed with CCI which conclude without any other indicator

I am having many confusions in interpreting volume. How it is to be actually valued. When at support levels volumes are great, even then I observed scripts going down significantly. Even when volumes are too much, spread is low, prices are at peak; it continue to rise.

Can you just give an example in this regard?
thanks bhai
 

rajeabc

Well-Known Member
praveen bhai

Like I shorted Tata Motors on 2 August and on 3rd August I was out of it on your recommendation. On 4th Aug it was just okay. But on 5 Aug onwards, it started moving upward. I tried a lot to figure out the reasons on charts, but still not able to. While you know that it will go up. How?
...
Crown ,

Please have a look at attached charts of TATA MOtors. I am also trading in this stock so posting my actions for your view.
 
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