Random thoughts on technical analysis

[orderflow13]

this is 1.6 yearly chart, it gves true character of a stock, its extremly in bearish territory,it would have been ideal short candidate, but now adx is cooling off( read my prev. post on adx )so i can asume it try to make bottom here, i advise dont touch this share, and give it a time to settle down, macd is remain too much in a bearish zone, rsi had a big bottom,i observed many times when indicators are in - ve zone for long, stocks took long time to change a trend, 2500 will be resistance, by the overal situation, lets decide at that time,whether to short or not

 

[orderflow13]

weakly abban time per. 6 month.

what i mean not putting arrows, .. chart is so weak, here adx is still rising, that means on weekly basis,stock has lot of down moves to see, i wd have even think of short it, but that white candle stopping me, wait ..wait n wait ..

 

[orderflow13]

at last hush.. this kinda better of bulls , my fev adx ( it resembles alex )falling, and +di crossing - di,macd showing divergance, n i can see our very old cizar ji look keenly for crossover my frnd , so wait for crosover,but adx falling n indicating existing trend( bearish ) showin signs of weakness,but rsi base, and failed attempt to close above 20ema is bad for stock, with two charts negative i cant trade long even its showing bullishness, its a sin

 

[orderflow13]

crude 5/9/8 experimenting with paroblic sar

parobolic sar is wilders( rsi founder) anther invention for, stop loss and showing market trend, when market in bullish zone parabolic SAR( STOP AND REVERSE)is below the line, and when sar above the prizes,its bearish signs,
i never use this before, but one of my trader frnd using it since years. but he use to for trend direction,and so writing options accordingly, i didnt like b'cuz it gives whipsaws when market is in sideways direction, i mentioned several times to him,then he is like so here its new indicator.. ' when parobola whipsawing, u knew u in sideway markets n lets sell straddle'( writin put and cal ).since he use to play with parabolic sar several years, he might have comfortable with( as is the case with every one )..well i am thinking about placing s/l ,lets see ...
for crude i am betting on rsi over sold zone, thank almighty today dollr broke its prev high against euro, so on mcx crude might not fall that much.

 

[orderflow13]

 

[orderflow13]

this thread turning out to be a first ever "comics chart series"( copy rights reserve ) heard sum1 saying,india is making progress in online comics bzness ,one comics site shoot up to top 50 level, we are not behind

 

[pshirurkar]

Thanks mr Alex_laxya for your nifty chart and analysis, but looking to the time of your post when do you get your sleep my friend.?
thanks and good analysis.

 

[Czar]

no he does not, his comic character is called sleepless in charts & while trading Blame it on Too many trades fatigue

 

[nagendra_gb]

Alex since u mentioned comic i really remember Alex "The Lion " In madagascar movie... but friend u r really good in analysing charts and ur charts are really cleanly understandable. Thanks Alex keep it coming Thanks a lot for ur charts ..

 

[nagendra_gb]

Alex...
After todays upmove will u buy aban..