Long or Short Opinion

[rajputz]

Some body please check Larsen And Toubro (LT). It is Confusing. I am looking on it for long side. Stochastic is forming a second higher bottom. CCI also going for the VT. But the movement is confusing as it can be reject near the 20 and 34 EMA. Reason to put this up is that IT industry is not talked off a little.

Simmilarly check Infosys. Same views for it also.

 

[rajputz]

Check tata motors also. Giving nice reject to downside.

 

[rajputz]

Nifty today crossed the neckline of inverted ghost and Vegas Trade. Suggesting me that downtrend has reversed. still waiting for a closing above 5213 for a riskfree uptrend continuation. Check the charts: -

 

[chaitanyagoa]

I have never even heard of the indicators u are talking about lol.... will definitely check on LT with the one or 2 indicators i know off............:rofl::rofl::rofl:

 

[rajputz]

Can any body clarify me with the stochastic movement on Banknifty. The stochastic setting is 14,5,5 and rsi is 9. How should i make the trend line on stochastic. higher bottom or Lower tops. A little confused over it.

 

[chaitanyagoa]

So Are u positive on the movement of NIFTY on the upside?....

Praveen bhai might have a word to say lol.............:rofl::rofl::lol::lol:

 

[rajputz]

So Are u positive on the movement of NIFTY on the upside?....

Praveen bhai might have a word to say lol.............:rofl::rofl::lol::lol:

More positive above 5213 only.

As a trader all we can do is take the position according to the signals. We enter when they tell to enter, and exit when it tells to. In this particular case, my exit will be a ZLR hook, or GB100 hook. Otherwise trend is up. Ghost and VT neck broken is a entery signal. Trend reversal signals are complicated and can get failed, but risk is always there.

There is this case with me. I take the position based on the VT and Ghost neck Broken (how ever i may be taking the pattern wrong), then if zlr occurs or gb100 or tony trade, i exit at the Trendline breaking.

Other case is that i dont take the Neck broken signal and if zlr or any other failure signal doesnt come, I just get angry on my self that i missed the major move.

It is all risk taking buisness.

 

[rajputz]

Cairn gave a trend Reversal signal on CCI. VT has occured suggesting me momentum to upside. Trend Reversal signals are some times risky as reject can be there cause of market conditions, which is the reason i consider it Little risky buy. Stochastic and RSI are giving a nice hook to upside.

Any views about it????

 

[rajputz]

Is tata power looking good for buying side. Check the charts...

 

[simple_trader]

Today's close was over all positive sign and it did not dip below 5080 NF. I was expecting a close above 5200, which did not happen. Over all I am expecting rally tomorrow as well.

However I must admit, it is giving some sign lower strength in the rally. May be one needs to judge over all situation once again around 5250-5300.

As expected NIFTY continued rally of day before yesterday. i am observing one thing in last a few days trading that NIFTY is unable to sustain above 5200. Going by this, it seems closing basis 5200 is a resistance. So my thinking is from today that it may not be good to long around 5200.

Market is showing some signs that it is not able to move up. Probably we could see a down move here (swing move).

Resistance area for NIFTY at 5270 future around (may not get tested).

Happy trading!