SH's 315 Strategy - how to use if effectively

[santoshdts]

@ 12.45 Daily candle not touching 3EMA and 3EMA is above candle.
Crossover may be below 5523 (Estimate)

Plz correct if iam wrong..

regards
Santosh

 

[timepass]

Everything is heavily oversold already..

 

[umeshmandal]

@ 12.45 Daily candle not touching 3EMA and its below it..
Crossover may be below 5523 (Estimate)

Plz correct if iam wrong..

regards
Santosh

Seems ur observation is correct!! Though the 3EMA not touching the Price bar has no significance here as pointed out by you, the bar is below 3EMA and we are Long!!! What to do with ADDS done today on 15 EMA touch, a little bit worried though not much!!

 

[tanewbie]

Dont underestimate the Market.. anything can happen!!

wow day low now 5520. need to stay below 5524 to give a sell. lets see @15.25

 

[anayash]

Bearish crossover very near on the daily charts!

 

[umeshmandal]

Bought 2 X 5600 Call at 50.55, will exit if Bearish cross is confirmed at close. In my charts of RT converted to Daily the Crossover is a bit lower!!

 

[trader.trends]

Bought 2 X 5600 Call at 50.55, will exit if Bearish cross is confirmed at close. In my charts of RT converted to Daily the Crossover is a bit lower!!

What makes you bullish at this point?

 

[santoshdts]

Should'nt We wait till 3.25 for exact confirmation of crossover and then Exit our Longs..

 

[timepass]

seems like a good buy for intraday, though I think it will break today's bottom again.

 

[umeshmandal]

What makes you bullish at this point?

Its simply a Risk Reward Play!! I am already holding Long and added to it also today on 15 EMA touch, this is just to risk a little to gain more "hopefully"!!