Long or Short Opinion

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scplindia

Well-Known Member
#251
#251
Lots of stocks have given sell signal becuase of today 70 point fall in Nifty, with one short covering rally, the charts will all change their picture, so need to trade with caution tomorrow with strict SL.
 
R

rajputz

Well-Known Member
#252
#252
scplindia said:
Lots of stocks have given sell signal becuase of today 70 point fall in Nifty, with one short covering rally, the charts will all change their picture, so need to trade with caution tomorrow with strict SL.
Click to expand...
Ranbaxy....it is also a double Top Failure Pattern...
 
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R

rajputz

Well-Known Member
#253
#253
Shorts are building good on ONGC...

Macd has just returned negative below the zero line. Stohcastics and RSI has given a nice hook back to the sell zone. CCI has formed a tony trade on it, which suggests further continuation of the trend. One candle out of the moving average of Gator system, and huge fell off can come. if watched closely we can find that the price has reverted from the major resistance of 20 and 34 ema. My Shorting Point will be below 1068 only with stoploss of 1078. Aboe that no Trade Zone...

Check the posted images below.







 
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R

rajputz

Well-Known Member
#257
#257
simple_trader said:
Dear rajputz,

Is DLF running a bearish Wolfe? Please confirm.

thanks!
Click to expand...
It looks like it is a bearish wolf...all the necessary conditions are met....formation of W, plus d point is lower then a. Lets see if the price starts to float downward from here...i am myself learning wolf.

But the price is what will tell the future. Many time a wolf also fails. But if the levels are respected then it can be successful. Please check.

 
chaitanyagoa

chaitanyagoa

Well-Known Member
#258
#258
rajputz said:
It looks like it is a bearish wolf...all the necessary conditions are met....formation of W, plus d point is lower then a. Lets see if the price starts to float downward from here...i am myself learning wolf.

But the price is what will tell the future. Many time a wolf also fails. But if the levels are respected then it can be successful. Please check.
Click to expand...
I am still bullish about DLF
 
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