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

[Romeo and Elliott]

.......
here is the nifty weekly chart showing the h-n-s with neckline broken... something very intresting has happened today in nifty.... it has closed below the gap created on 9-9-10... the move tomorrow should be intresting and decisive.....

krishna.

200 EMA AND SMA broken without any signs of love and affection.

Weekly 50 is just under (orange-ish lines, sold for EMA, dashed for SMA)

Just a thot :
If the following looks like valid bullish thinking then looks like its heading down for a while ..

 

[Romeo and Elliott]

Hi friends,,
Today i exited all longs,,,
KFA = no loss
Bajaj hind loss 870 rs
AARti ind loss 110 rs

Good to see small loses,,

Better still.... yr disciplined approach :thumb: something im trying so hard to learn.

 

[preethi21]

Friends,, due to my job i am not getting time for day tradings,,

so i decided i will do commodity trade,,, ecpecialy Gold,,

 

[Visualize]

@ Krishere

:lol: np, ty for the chart.

x================x

Think i made a bad choice @ Bhartiartl shorting [or maybe it suddenly doesnt look like such a good short now that im in it ]

Ive had my 'buri nazar' on that for a while, just wanted everyone to fight it out before i enter short, kinda happend yesterday / today.

So whats the problem, bro ?
1. Im upset about the volumes.. wouldve wanted them lower
2. 322 is a good support, those bulls will prolly come in and ruin my mood tomorro :annoyed:

Other counters i was in a mood to short today (in that order) :
1. Bajajhind
2. Apollotyres

btw. ABB went under a support it was holding up for a while.

^ I'm not a great technical analyst like you but according to VSA, today's bar indicates the beginning of mark down phase, such indications are not so effective for this stock but if the markets fall then u'll get the best returns.BTW, Bharti is bearish on weekly charts.


@krishere

I don't seem to have that window(gap) in my amibroker database and also on google.com/finance

 

[krishere]

^ I'm not a great technical analyst like you but according to VSA, today's bar indicates the beginning of mark down phase, such indications are not so effective for this stock but if the markets fall then u'll get the best returns.BTW, Bharti is bearish on weekly charts.


@krishere

I don't seem to have that window(gap) in my amibroker database and also on google.com/finance

ya... a classic evening star.... but it has formed @ the bottom so how much valid is it????

 

[aniket_tyagi]

Guys,

Good Evening.
Hindalco remained range bound.
252.85 to 220.8, 239.75 to 223.75, are last two weekly range.

More or less, everything looked like a technical corrections and pullbacks.
It hasn't dared to hit 220 again and did a smart recovery from 223.75 last week.

Shorting it tomorrow, below 234 SL 236. Swing Target 222.

 

[Romeo and Elliott]

I'm not a great technical analyst like you but according to VSA, today's bar indicates the beginning of mark down phase, such indications are not so effective for this stock but if the markets fall then u'll get the best returns.BTW, Bharti is bearish on weekly charts.

thanks but, im really no great analyst. I just read prices.

Thanks, Visualize, for yr input re Bharti ... heres my basis for a short :

The possible short came about on the last long candle but then one expects a whole warzone to follow before a confirmation comes about, so i waited [i wouldnt last in a warzone]

Also i see the move as a ABC but with composite A, B and C, confirmed by a double top at about 360

so yeah looks like a downside fm here, but my issue is always with '2morro' its tough for me to sit and wait for price to take direction, ie only post-confirmation entries... just hoping i dont end up in the ICU should there be a recoil off 322.. i'm really bad with nerves. working on trading discipline.

holding a SL of 333.5 of Feb Series, god bless me.

Also i think ill google what VSA is, if you could pls tell me what it stands for, thanks a ton.

 

[Visualize]

VSA : http://www.traderji.com/advanced-trading-strategies/23128-volume-spread-analysis-2.html

 

[Romeo and Elliott]

VSA : http://www.traderji.com/advanced-trading-strategies/23128-volume-spread-analysis-2.html

looks interesting, thanks

WOO HOO!! Thanks a zillion again, as i proceed along yr link, i tell me self "THIS IS WHAT IVE BEEN LOOKING FOR"
So far ive just been studying volumes on an island, not a very good idea. The thread is priceless.

Not very happy about volumes on Bhartiartl today. The vol MA on my charts is VOL MA Ref(-1). ie The average of 20 days - TILL YESTERDAY, this lets me compare todays volumes in isolation. ie the MA that lies on todays volumes is uneffected by todays volumes.

 

[krishere]

@ Krishere

:lol: np, ty for the chart.

x================x

Think i made a bad choice @ Bhartiartl shorting [or maybe it suddenly doesnt look like such a good short now that im in it ]

Ive had my 'buri nazar' on that for a while, just wanted everyone to fight it out before i enter short, kinda happend yesterday / today.

So whats the problem, bro ?
1. Im upset about the volumes.. wouldve wanted them lower
2. 322 is a good support, those bulls will prolly come in and ruin my mood tomorro :annoyed:

Other counters i was in a mood to short today (in that order) :
1. Bajajhind
2. Apollotyres

btw. ABB went under a support it was holding up for a while.

well if the markets go down tomorrow... bharti probably will also...... its a matter of time b4 we find out