New Intermed Uptrend!!
- Thread starter Saint
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Hi saint ...as other thred is closed i am posting my observation on nifty here plz comment on that
we want to trade on daily chart taking weekly chart as guidance
(0)--at this candle we break prev weeks high
now we are ready to buy on pullbacks
(1)-- after breaking previous weeks high we have 3 bar consolidation
once breaks uper line we are in trade with stop at lower line
(2)--we raise our stp to this point
(3)Again new trailing stop !and as there is short term down trend
we hit our SL and got out
(4)at this candle we break previous down trend
line but did not trade as it did not break prev. weeks high
as in weekly we have 3 week cosolidation pattern
(5)At this time ae got a pullback and made
higher pivot low ... and after breaking of prev. pivot
high we took the trade but we hit our SL after some day
Now we are in weekly pullback mode
(6)at this candle we breaks prev. weeks high and ready to buy on pullbacks
(7) we got a buy set up and got into the trade
(8)&(9) are trailing stop loss
waiting your reply
Regards
Satya
we want to trade on daily chart taking weekly chart as guidance
(0)--at this candle we break prev weeks high
now we are ready to buy on pullbacks
(1)-- after breaking previous weeks high we have 3 bar consolidation
once breaks uper line we are in trade with stop at lower line
(2)--we raise our stp to this point
(3)Again new trailing stop !and as there is short term down trend
we hit our SL and got out
(4)at this candle we break previous down trend
line but did not trade as it did not break prev. weeks high
as in weekly we have 3 week cosolidation pattern
(5)At this time ae got a pullback and made
higher pivot low ... and after breaking of prev. pivot
high we took the trade but we hit our SL after some day
Now we are in weekly pullback mode
(6)at this candle we breaks prev. weeks high and ready to buy on pullbacks
(7) we got a buy set up and got into the trade
(8)&(9) are trailing stop loss
waiting your reply
Regards
Satya
Last edited:
Hi Saint,
Could you have a look at Tech Mahindra?Sideways through the year so far?Now it is moving up.What level can I enter?
Regds,
Dhanya
Could you have a look at Tech Mahindra?Sideways through the year so far?Now it is moving up.What level can I enter?
Regds,
Dhanya
TECH MAHINDRA is still in a sideways mode.Presuming you are trying to angle in an entry for the medium to long term.Weekly charts are still sideways,meaning we can breakdown or breakout from here.Nice daily charts agreed.My suggestion:Stay out,let weekly charts give you an idea as to the direction of the trend.Which means,look in for an entry if it can take out previous weekly pivot highs of 1686.....for now,a wait n watch.
Saint
Saint,
I was sad to hear that other thread being closed.Newcomer like me got benefitted,and wanted to learn more from you.Unnecesary fighting from all senior members led to thread being closed.And the big loser is the newcomers like me.
Shashank
I was sad to hear that other thread being closed.
Newcomer like me got benefitted,and wanted to learn more from you.Unnecesary fighting from all senior members led to thread being closed.And the big loser is the newcomers like me.Shashank
Will always be there to share whatever I can so long as it is possible.....Let us get over all the feelings of remorse and get down to learning.Let us sit on the other thread for now.But feel free to ask whatever you want here.Shall try to answer as much as possible.....
Thank you for all your feelings!
Saint
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