Priyanvada's chit chat home ...

[priyanvada]

Thanks for reply TFL ...

I hope you have got well ... very very well ... and may there be no illness you hereafter

regards,
priyanvada

 

[priyanvada]

This is really funny that market gives huge positive signal to the feshers I have listened ... See on the first day itself the day trading gave me Rs.800/- net profit ... and I went into the sky ... i made a calculation if things go this way then what time it well to make 10 lakhs ... it was in few months...I rechecked my calculation again and again but it was PERFECT... Only one more smart thing I concluded that my postion after say 6 months is heavily depending upon the amount I am rolling in today ... The bigger the SEED the BIGGER the tree ...

then fortunately before I bring in a BIGGER SEED, there started a serious of consistant losses day by day ... and I crashed deep in ground ... then my senses got back in and I started thinking rational

...So now again there has started a series of consistent profits, but I am grounded and alert now!

The whole journey was just amazing!

... So if someone/manyones asks me how should they start, I will always prefer to tell "my way" if they are brave in losing money for the sake of experience like me

regards,
priyanvada

 

[priyanvada]

Hindalco is still my bait today...I hope today we would see a reversal.

regards,
priyanvada

 

[prasadam]

I think positional short could be initiated with a target of 95 initially and then 85.

but, intra day can see a pull back upto 107-113.

what do you think?

Hindalco is still my bait today...I hope today we would see a reversal.

regards,
priyanvada

 

[priyanvada]

I think positional short could be initiated with a target of 95 initially and then 85.

Sorry but this is little tough for me to understand... Do You mean short term position holders of hindalco will sell heavily in the initial period till it hits price Rs. 95 and then Rs.85?

and then price will again bounce back to 107?

regards,
priyanvada

 

[prasadam]

Initially it may go upto 10-113 today and then a sell off to 85-95 range in next 2-3 days.

what do you see on the charts?

 

[priyanvada]

Chart is showing after a huge Ralley, absolute dark clouds are hovering over the price ... So this seems not a good sign ... William%R is also broken down ... Support looks around 95 ... Divergence is still positive ...

William is my fav indicator ... so I am expecting hoping May 09 like reversal ... So let us see what is written on the wall

regards,
priyanvada

 

[prasadam]

great.:clap:

now, for intra day trade change the time frame to 15 min, or 60 min.
:thumb:

 

[priyanvada]

Hindalco not going anywhere for sure ...Perhaps Today is a "doji day" for Hindalco!

Wipro has rocked for me today ... made 80Rs. profit ... I have got now engaged in BPCL @507.9 ... right now at 505.4 ... Intradday high has been 515Rs,...So I am betting on huge weekly trend shown be chart ...So hope BPCL tests my patience & gives me some good profit ...

regards,
priyanvada

 

[priyanvada]

I am a bit confused @ HCLTECH ... should I enter @250 or not?