My System - My trades.

[chinna.232]

Shared views on Tuna's thread yesterday. The Last bastion for longs is at 3250-54 levels. Till we are above it, crude is not weak.

U meant 3350-54?

 

[kumudhan]

No Targets above ATH

ATH means sir?

 

[MEAG]

ATH = All Time High

 

[MEAG]

VK ji,

In BNF 1 tick charts, although Price is above its closing range (due to gap up) but OBV is constantly below its Closing Range signifying a divergence. Even in 20 tick chats OBV is unable to go beyond upper band of its closing range. Does this imply there is not much intraday movement till this divergence goes off? And should one refer the HTF in this case?
Can you please share your thoughts and the interpretation keeping in view this divergence?

Thanks
Meenu

 

[varunkochhar]

Yes Chinna ji. BN okay till above 24130-38.

 

[varunkochhar]

These are my charts. No Divergence seen. I have harnessed the OBV in such a way as to give correct picture.

 

[MEAG]

These are my charts. No Divergence seen. I have harnessed the OBV in such a way as to give correct picture.

Means that the first big volume bar (310000 contracts) is making all the difference.

 

[varunkochhar]

Yes. Till that is neutralised buying the dips would be a better idea. On such range bound days selling a put is much profitable in dips as you get an additional cushion of premium. But only for intraday. (Profit levels 10 to 15 points only).

 

[varunkochhar]

Have sold DMART in intraday at XX90 levels. It is not going any where. So frustating. I was hoping for atleast 40-50 points. 1085-1093 is the resistance for today.

 

[varunkochhar]

Have trailed my stop to XX86. It is not doing anything. Day wasted on DMART.