Long or Short Opinion

[rajputz]

IndiaHotel is giving a Famir pattern, which gives trend reversal indication. with market sentiment to the downside, the share looks good for shorting at current levels. More Downside is expected iff the price breaks the major support of 106 and 104.

 

[rajputz]

Jindal Saw also finally broke the pivot low. It was range bound for quite a days Facing major support at 213. More downside is expected if we work on pivot trading system alone.

 

[rajputz]

There were so many shorts generated yesterday, which i was not able to post cause of unavailability of Data. Ghosh there was a major move seen on charts yesterday only. Most of the Shares were giving ZLR to downside or Famir as trend reversal.

 

[rajputz]

Rajputz,

We missed out good shorting opportunity on Tisco and Sesagoa, at 651, 445, since your system was saying no trade zone. Well nobody can guess news based sell off, and charts did not show that, NOT TRYING TO find fault, may be we can use this to improve our studies and profit from such steep falls.

Hi Scplindia,

Tisco i think is tata steel. You are always welcome to find fault dear. Always means always. It helps me find the loop holes where i went wrong in my share picking. It improves me.

And i was quite a busy for last week, for my week, sow as not able to devote time for trading. Also i was not having any data with me to study upon.

Other thing is that you might remember that Sesagoa was in No trade zone only between 20 and 34 EMA for me. As market was in indecision i mentioned that above 20 ema closing it is long, and below 34 EMA it is short. Other thing is that It gave Famir Trade which i mentioned on 23 april, results of which were seen later. If you check the second round in the image below then you will see another famir trade, which confirmed it(although i was my self busy in this time so couldnt track it.)

Simmilarly check the Charts of Tatasteel. it was in no trade zone between these EMAs only. Otherwise it was clear buy above 20 and sell below 34. Check tatasteel also gave Famir trade for trend reversal. Reversal was there before news was there.

I know i am looking at historic charts, so it is easy for me to say these words above. I will test this thing more in coming days, see if we can catch any major reversal like these on time.

News is always known to some body before they are published and there effect is seen on charts. Upto Some extent this thing is right!!!

 

[chaitanyagoa]

Rajputz,

We missed out good shorting opportunity on Tisco and Sesagoa, at 651, 445, since your system was saying no trade zone. Well nobody can guess news based sell off, and charts did not show that, NOT TRYING TO find fault, may be we can use this to improve our studies and profit from such steep falls.

Hey Dude, I gave shorting call on SesaGoa at 441.... No body bothered to check my thread lolz.. also gave a short on ABB at 835.. i guess... now it is in low 740's

 

[rajputz]

Hey Dude, I gacve short on SesaGoa at 441.... No body bothered to check my thread lolz.. also gave a short on ABB at 835.. i guess... now it is in low 740's

Sorry chait,

I was not here, otherwise would have commented. You might Have noticed i was posting chart nexus charts. Really sorry.

 

[rajputz]

M&M failed the Famir pattern, and converted into Tony trade, which suggests the trend continuation to downside. This is the real problem with trend chaning pattern. they fail many time.

 

[rajputz]

ONGC is also giving a downside hook exactly from the upper resistance EMA. ZLR is good, but the only contradicting factor is that LSMA is green yet. If it turns Red we can short for further confirmed downside.

 

[rajputz]

Some other Shares giving the SEll signal are following : -

ARVINDMIL sELL

BEML SELL

BHEL SELL

INFOSYSTCH SELL

 

[rajputz]

Check zeel. It is giving sell signal on Cowbunga system. Stochastics and RSI are confirming the downmove. CCI has also gone below zero.