Long or Short Opinion
- Thread starter rajputz
- Start date
- Status
Hey prem,
Keep a tight eye on RNRL...Today if it was so bullish then y has it bra closing in the middle. That means that selling came in. It can be trap to buyers also. Just my 2 cents. that be cautious.
I dont know much about the news and fundamental part. But i know this thing that RNRL and Reliance are counter of each other. Does this anyways help in movement of these stocks. Like on going up and one going down. Does this have any concern????
Keep a tight eye on RNRL...Today if it was so bullish then y has it bra closing in the middle. That means that selling came in. It can be trap to buyers also. Just my 2 cents. that be cautious.
I dont know much about the news and fundamental part. But i know this thing that RNRL and Reliance are counter of each other. Does this anyways help in movement of these stocks. Like on going up and one going down. Does this have any concern????
YOu are purely going by indicators, indicators are mostly lagging, there is no leading indicators, this is why you can talk of ZLR after the event.
But patterns & Volumes on charts are mostly dynamic, I use both indicators and patterns. Some of the patterns like H&S, Double/Tripple bottoms are very strong when combined with volumes. These give you the resistence and supports for the stock. I am bulish on RELCAP, because it is at the strong support of 725. If this breaks then yes it is going down none stop to 680, where the next support lies. The support has been derived by double bottom on very very low volume. So my SL is very clear.
Same with RNRL, it has broken the resistence of 66 with huge volume, and formed the H&S pattern, and closed above the neck line, Similar for RIL.
RIL & RNRL move in the opp direction because of court case, and brothers fight. After court case the matter between the brother is neutral, hence both stock will move in the same direction after that. If the brother become friendly then both stocks will ZOOOOOOOOOOOOOOOOM together.
But patterns & Volumes on charts are mostly dynamic, I use both indicators and patterns. Some of the patterns like H&S, Double/Tripple bottoms are very strong when combined with volumes. These give you the resistence and supports for the stock. I am bulish on RELCAP, because it is at the strong support of 725. If this breaks then yes it is going down none stop to 680, where the next support lies. The support has been derived by double bottom on very very low volume. So my SL is very clear.
Same with RNRL, it has broken the resistence of 66 with huge volume, and formed the H&S pattern, and closed above the neck line, Similar for RIL.
RIL & RNRL move in the opp direction because of court case, and brothers fight. After court case the matter between the brother is neutral, hence both stock will move in the same direction after that. If the brother become friendly then both stocks will ZOOOOOOOOOOOOOOOOM together.
Thanks alot.
The major Factory of my motorcycle is in Chennai only buddy. And mine is booked first and then delivered. the one i ordered is mixture of two Motorcycles.
I custom made it.
the bike I originally ordered is this: -
But i have replaced its outer body parts with this one. So bike took 15-20 days after order. 25 days for body parts. Finally getting delivered tomorrow.
The major Factory of my motorcycle is in Chennai only buddy. And mine is booked first and then delivered. the one i ordered is mixture of two Motorcycles.
I custom made it.
the bike I originally ordered is this: -
But i have replaced its outer body parts with this one. So bike took 15-20 days after order. 25 days for body parts. Finally getting delivered tomorrow.
how will u take ur gal out on that bike???? The Bike is temping though..... I love Royal Enfield
I totally respect you opinion, but i am not going totally by indicators. I have mentioned many times that my approach is based upon price and volume action in regard with volumes. Although i dont look at patterns. Like BASF and RNRNL i have commented on Volume and price action only. Otherwise looking at price action and CCI, Stochastic, Pivots system, i would have mentioned to go long on both the shares blindly. Even cowbunga system has hooked a buy signal for both. I dont suggest blindly.
Rajputz,
Thanks for the inputs. I am not finding fault in your system, I am following some aspects of your system and some I donot understand, so I cannot follow. But all I know is that there is no full proof system, and no system can predict the future of the stock OR THE market.
SO SL IS A MUST.!!!!!!!!!!!!!!!!!!
Thanks for the inputs. I am not finding fault in your system, I am following some aspects of your system and some I donot understand, so I cannot follow. But all I know is that there is no full proof system, and no system can predict the future of the stock OR THE market.
SO SL IS A MUST.!!!!!!!!!!!!!!!!!!
Yup i agree....
and never take it this way that i am getting it wrong. Ofcourse i am learning all the way long from you guys here...so it is nothing like finding fault. If fault is there then that must be pointed, so that particulars are considered next time.
I just shared some points which i thought were misunderstood or not considered by you. Cause i know that indicators alone are not sufficient, as price moves the indicator, not vice versa.
No offence. :thumb:
and never take it this way that i am getting it wrong. Ofcourse i am learning all the way long from you guys here...so it is nothing like finding fault. If fault is there then that must be pointed, so that particulars are considered next time.
I just shared some points which i thought were misunderstood or not considered by you. Cause i know that indicators alone are not sufficient, as price moves the indicator, not vice versa.
No offence. :thumb:
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| N | Long / Short Tool in Amibroker | AmiBroker | 0 | |
| T | Long-term and Short-term Setups | Technical Analysis | 25 | |
| B | Shorting and Long volumes for a future | Futures | 0 | |
| P | URGENT: Is anybody doing this? (Long Fut, Short Call) | Derivatives | 6 | |
| D | Long and Short Signal at same time | Algo & Automated Trading | 1 |