Long or Short Opinion

[rajputz]

DLF has failed the famir pattern, and giving 2 ZLR to downside trend. Crossing of 321 can show further downside. Be cautious. Although the other signal are not so much convincing.

 

[rajputz]

Hindalco after so much of sideways movement is once again in a Upward move. Please check. The CCI has given a very nice ZLR giving trend continuation, along with buy generated with cowbunga (Stochastics and RSI). Turtle trading system is also suggesting a buy at the current level with targets of 186 189 193. Check the charts.

 

[rajputz]

Simmilar Longs as given by Hindalco are shown by M&M. Everything is suggesting an upmove. Only contradicting factor is that the share is in downtrend. And if price falls tomorrow then it can be trend continuation to downside. So it is a cautious buy.

 

[rajputz]

JindalSaw: - Every body please check jindalsaw on their system. It has given reject to downside two times. Dont know what it want to do.

 

[chaitanyagoa]

Hindalco after so much of sideways movement is once again in a Upward move. Please check. The CCI has given a very nice ZLR giving trend continuation, along with buy generated with cowbunga (Stochastics and RSI). Turtle trading system is also suggesting a buy at the current level with targets of 186 189 193. Check the charts.

Will check ON HILdalco.. Although Not very positive on it .... will post later in the evening

 

[rajputz]

I know its not at the moment to invest. But for 1-5 days can prove great. I am just checking the momentum for few days.

 

[chaitanyagoa]

I know its not at the moment to invest. But for 1-5 days can prove great. I am just checking the momentum for few days.

dUDE!!!

hOW MANY INDICATORS dO U CHECK ??? I dont even know they exist :lol::lol:

 

[columbus]

I know its not at the moment to invest. But for 1-5 days can prove great. I am just checking the momentum for few days.

Hi Raj,
Yes ,I agree with you that there is a problem when you resize the chart.

 

[chaitanyagoa]

dUDE!!!

hOW MANY INDICATORS dO U CHECK ??? I dont even know they exist :lol::lol:

Add Chaitanyagoa @ Yahoo . co . on to your yahoo ID !!!! We can chat during the market hours :thumb:

 

[rajputz]

dUDE!!!

hOW MANY INDICATORS dO U CHECK ??? I dont even know they exist :lol::lol:

Lol....


CCI for Momentum.

Stochastic RSI and macd for trend and detecting oversold over bought region. And Divergence.

Pivot(turtle Enhanced) system Optional but powerfull. Based on turtle system. Gives nice results on EOD trading Basis. Plus they act as major support and resistance.

CCI for entry in day trading, Pivots to exit. if i carry trade overnight then i exit according to CCI signal only.

I dont use trendline following any more. Rather use EMA 20 and 34. There angle tells the power of the momentum to either side.
Rather then trendlines i prefer using horizontal lines also. Whatever gives the nice results.