New Intermed Uptrend!!

[Saint]

Hi Saint

Neat breakout in crompton...closed at 685.......Looks like my TRIX Tricks is working...

regards

karthik

That was a beauty.........very nice,Karthik.Yep,the TRIX does it again!! Nice move!

Saint

 

[avinash]

Hi Saint,

BEML at target now.........do we exit or hold?

Avinash

 

[chiragmparekh]

ftp://metau533:[email protected]/NSEData.zip

 

[Saint]

Hi Saint,

BEML at target now.........do we exit or hold?

Avinash

Hi Avinash,

A HOLD for now,just raise the stop loss to 840......nice last few days in this one!

Saint

 

[Saint]

ftp://metau533:[email protected]/NSEData.zip

Hi Chirag,

First of all, a warm welcome to you...........Secondly,what is that secret code above all about?Please enlighten......Just to satisfy my curiosity!!Thanx in advance!

Saint

 

[Saint]

Hi Saint,

Do u find any particular scrip (one to two to a few scrips) that looks very attractive in charts, that can be entered now (even in this volatile market!).

My question might b silly - but just asking u out of curiosity!

And strong movement for the first time in ONGC breaking the 1040 levels and is at an all time high. What are the charts suggesting for the days to come?

-Sam

Hi Sam,
Actually quite a few nice patterns......but this volume or lack of it on the way up quite worries.For now,am not entering into any trades,just holding and risk managing for now.

ONGC looking good.....and you got in around the early 900's,......great going,is a hold for now.

Saint

 

[roneeth]

Hello!

First of all Congratulations 1000 posts....
Thanks again for sharing your knowledge and being a constant source of inspiration.

Regards

Roneeth

 

[Anupama Singh]

Hello!

First of all Congratulations 1000 posts....
Thanks again for sharing your knowledge and being a constant source of inspiration.

Regards

Roneeth

Hi Saint,

I would like to echo Roneeth's post,....Thank you so very much for the selfless help you have given to many of the newcomers here.

And congrats on the 1000 !

Regards,
Anu

 

[Saint]

JAPANESE CANDLESTICKS -INTRODUCTION

Like in any aspect of trading,there are no absolutes......No absolute indicator,no absolute technique that will give us an absolute buy signal and definite profits.Traders play the probability game.......when the odds are in our favour,and the probability of success is present, we then enter into a trade.Do we definitely know that this trade will definitely work?No.Yet we enter if the odds are in our favour.

Therefore,for chart players,we have indicators,be they MACD,Stochs,TRIX,
etc.We look at the price and volume and analyse pivots.Trendlines are drawn,support/resistance lines are figured out ,patterns are looked out for........all these tell us that odds are increasing of a possible fall or breakout.

The Japanese Candlesticks are one such........they help in adding to the odds of a possible future movement in that particular stock or index.But as in everything in trading,they have to be used along with the others as mentioned above.

White Candle:This is a bullish candle.We have the body ,and we have the shadows(the line above and below the body proper).Body of the bullish white candle=Lower line of the body is the opening price.Upper line of the body is the closing price.The uppermost point of the shadow on top the body is the High ,and the lowermost point of the shadow below the body is the Low.

Black Candle:This is a bearish candle.Again,we have the body and the shadow above the body and the shadow below the body.
Here,the upper line of the body is the opening price,and the lower line of the body is the closing price.The uppermost point of the shadow on top is the High,and the lowermost point of the shadow below is the Low.

More later!!

Saint

 

[AMITBE]

Great going, saint....fabulous stuff.
Thanks!