My charts (and yours too........)

[dhootankur]

Ruchi Infra seems to be ready for BO, let's see if it can cross 35.50 level with good volume.

 

[babukraman]

Sintex, again!

 

[Romeo and Elliott]

Just dropped in for DST intimation.

Those of you who use Yahoo Finance for RT Downloads may need to change time-correction from 09h 30m to 10h 30m in your Excel Sheets / Yahoo RT Downloaders.

http://www.timeanddate.com/time/dst/2010.html

 

[option fan]

I this thread i think any one of senior members should start expressing there views along with daily/ weekly / intraday charts abt INDEXes NIFTY/ SENSEX.

that will make the things more interesting.. and helpful for trading..

as we see R&E talks more abt Elliot waves and Bubukraman talks more abt chart patters trend/support/resistance line it will be hellpfull for us.. newcomers ..

so plz "if possible spend some time on index charts" and let us know ur findings

A.P

 

[mahi18]

hi frnzz,
as per the chart of BHEL,i predicted target of 2525 and 2550 in a couple days on 3rd Oct..exactly it touched 2525 on 04 oct and 2550 the next day 05 oct (on muhurat tradng)..
thx :thumb:

 

[raaghux]

hi frnzz,
as per the chart of BHEL,i predicted target of 2525 and 2550 in a couple days on 3rd Oct..exactly it touched 2525 on 04 oct and 2550 the next day 05 oct (on muhurat tradng)..
thx :thumb:

anyway its not october please be catious about anything

 

[babukraman]

LAKSHMIFIN @ 59.7
Perfect Bullish up bar reversal with the price crossing 10, 20 and 50 EMAs from below with 20xVol>VolMA5. Price b/o of upper channel of Bollinger band after two months of narrow BB.

 

[PGDIMES]

LAKSHMIFIN @ 59.7
Perfect Bullish up bar reversal with the price crossing 10, 20 and 50 EMAs from below with 20xVol>VolMA5. Price b/o of upper channel of Bollinger band after two months of narrow BB.

How would you take fresh positions in a stock which acts like a rocket with free velocity going from circuit to circuit in any given direction?????!!!!!!!:rofl:

 

[babukraman]

How would you take fresh positions in a stock which acts like a rocket with free velocity going from circuit to circuit in any given direction?????!!!!!!!:rofl:

A good question! Back to the basics! "If you aren't sure of the pattern, just skip the trade; watch it from the sidelines". This might atleast be of an academic interest.
Since Sep, a narrower BB; Close and High are the same of today's long range bar. So, a probable up move is expected. But as far as MM and Pos Sizing is concerned, this is a great challenge. Where will one keep the SL? Probably at the 50 EMA which is 52.48. If the entry is at 60 (above the current close of 59.7), then 60-52.50=7.50 is the risk which translates into 12.50%. For this much risk, what is the reward?
So, one may conclude that this trade is for those with the high risk appetite.

 

[babukraman]

UBHOLDINGS @ 333.55
Symmetrical triangle b/o with 18xVol>VolMA5.
Target zone 340-265=75
Target 315+75=390