New Intermed Uptrend!!

[Saint]

HI saint,

I have come across two trades. would like u to share your view on them. One is cipla. According to me it has formed an inverted H&S pattern. At the same time MACD is just about positive, RSI is also just above 50 and stoch is also just crossed over. Also good volumes on left shoulder. volumes a bit low on the head and again low on right shoulder. A breakout should could be a good time to enter.

And SBI has formed a right angles triangle. All indicators are negative so a break down below would be a good time to short. I am attaching both the charts for your reference.

Shall go through them,my friend,but after a midnight snack first........all the best!

Saint

 

[Trader123]

Hi Trader123,

I believe that a fantastic chart pattern and a clear cut trend should be obvious to our Eye,and therefore I allow my Eye to go through them before making a decision on an entry or exit..............which means,I go through the whole lot at the end of each week.

And,as for the short term trades,I usually trade up and down using futures,therefore have to look at it everyday.

Selling on rallies===We break a previous pivot low and are in a downtrend,once that is confirmed,every rally is a shorting opportunity,and if you're holding longs,that first rally after the dntrend is confirmed is an opportunity to get out.

.............didn't get you on this one

No,my friend,never was a professional teacher..........even now not a teacher,just another student sharing whatever little he knows.

Happy Trading!
All the best!
Saint

Ahh saint i think u answered by question indirectly..! Since our markets do not let us take delivery of shorts in cash i was wondering how u Short Rallies..!!
What happens to me is once a pivot low is broken i sell 50% on that day.. and wait for a rally and sell the rest.However after i am out there are numerous small rallies which i cant short unless its a day trade.(which is something i avoid).
Hope this explains my confusion Saint, and even though u r not a professional teacher.. u have the gift to be one of the best.Or atleast one of the best guru's...!!

 

[rahulg77]

Hi Dominic,
1.I have this voracious appetite for books,and have read all kinds of books,be they in trading,or in philosophy,or in spirituality,or some light reads.I do understand your desire to read.But to learn to trade,my friend,you don't necessarily have to go about buying books.Would you believe me if I told you that if you can look thru the various threads of this forum as Jaideep mentioned,you are nearly done.If you could look through www.stockchart.com,think you are done.All the best!
Saint

Dear Saint,

Since u read a lot, I would like to know if you happen to know a good book that could cover the following topics

Equity Derivatives
Definition, Types, Uses
Derivatives in India
Market Participants

Index
Construction, Types
Significance, Uses
Index Funds
ETF

Forward & Futures
Forward Contract, Limitations
Futures Contract
Differences in Forward and Futures
Futures Terminology
Payoff of Futures
Pricing of Future
Cost of Carry model
Impact of dividend
Uses of Futures
Hedging, Portfolio Hedging
Speculation
Arbitrage, Reverse Arbitrage
Spread Trading
Basket Trading
Expiry of Contract, Settlement, Rollover
Margining System
Volume and Open interest
Case examples
Cash and Futures - Convergence of Future & Spot price

Options
Introduction
Options Terminology
Types of Options
Option Premium
Pricing of Options
Impact of Dividend on premium
Put call Parity / Arbitrage
Vanilla Option Strategies
Buy Call, Sell Call
Buy Put, Sell Put
Synthetics - Conversions/ Reversals
Volatility, Implied Volatility
Option Risk parameters - Delta, Gamma, Theta, Vega, Rho
Option Expiration/ Trading /Execution
Margining System

Trading Strategies with Options
Bullish Strategies
Bull call spread
Bull Put Spread
Call Ratio Back Spread
Bearish Strategies
Bear Call Spread
Bear Put Spread
Put Ratio Back Spread
Market Neutral Strategies
Straddle & Strangle
Strip & Strap
Condor
Butterfly
Put and call ratio spread
Calendar Spread

Futures and Options - When to use which

Trading strategy with Stock future & Stock option


And also a good book on money management

Regards

Rahul

 

[dominicsp]

Thanks Jaideep and cemcompusoft,

I'm login to traderji atleast 5 times a day during all the breaks I take. I must admit I'm getting addicted to reading all the wonderful stuff in this portal

Regards
Dominic

 

[nilesh78]

HI all,
Just wanted to know that whether trading on Reliance Capital Venture & Reliance Energy Venture is going to be suspended from tomorrow ?
Can seniors respond ?
What should we do in this case..

 

[tabularasa]

Hello Saint,

for tomorrow 26-jul which are good scrips to enter into for short-mid term delivery?


Do u think satyam and infosys still a good buy?

Which stocks in IT are good for short-mid term?

do give some entry points for other sectors too?

thank you for your valuable efforts

Sincerely,
t.r

 

[shrinivas]

Hello Saint,

for tomorrow 26-jul which are good scrips to enter into for short-mid term delivery?


Do u think satyam and infosys still a good buy?

Which stocks in IT are good for short-mid term?

do give some entry points for other sectors too?

thank you for your valuable efforts

Sincerely,
t.r

Ahh..you got in the wrong thread...this thread is not meant for calls....
still this market is in a wait and watch situation.....let it stablise and then see something..
you are committing same mistake that i used to do as a fresher....do not fall prey into the hands of market..that's the name of the game..

all the best...

ganeshhity

 

[sayantandatta]

Ahh..you got in the wrong thread...this thread is not meant for calls....
still this market is in a wait and watch situation.....let it stablise and then see something..
you are committing same mistake that i used to do as a fresher....do not fall prey into the hands of market..that's the name of the game..

all the best...

ganeshhity

I think Infy is still a good buy. Should reach close to 2000 - 2200 by third quarter...

 

[tabularasa]

You guessed right ganeshhity... I am a fresher.

thank you for all the replies Ganesh & Sayantandatta.

I love these threads, there is a lot to learn.

In the future I would like to learn swing trading.
looks interesting.

thank you once again.

Sincerely,

T.R

TABULA RASA (IN LATIN MEANS A CLEAN SLATE)

 

[oldmirage]

It's been long time since this thread has come under people's attention and I think by keeping this thread alive, I might help lot of people who will be able to learn reading saint's wisdom.


Suzlon has just pulled back giving a chance of entry. please check attached chart.

Please comment.