SH's MArket Correction Prediction Strategy

[Tradewithhunter]

ICICI Bank hasn't touched 3EMA for two consecutive days.

going to short it tomorrow morning if this is the case

Cheers
SH

 

[sb.ga]

going to short it tomorrow morning if this is the case

Cheers
SH

Same is the case with SBI and AXIS Bank

 

[sunny_cool]

Same is the case with Bank Nifty

PS: i follow spot not future

 

[murthyavr]

going to short it tomorrow morning if this is the case

Cheers
SH

Lot of Banks, among others, have not touched EMA-3 in the last two days:

ANDHRABANK
AXISBANK
BANK NIFTY
BANKINDIA
CANBK
CORPBANK
DENABANK
DHANBANK
ICICIBANK
PNB
SBIN
SBT
SYNDIBANK
UCOBANK
UNITEDBNK

 

[achopraa]

going to short it tomorrow morning if this is the case

Cheers
SH

Lot of Banks, among others, have not touched EMA-3 in the last two days:

ANDHRABANK
AXISBANK
BANK NIFTY
BANKINDIA
CANBK
CORPBANK
DENABANK
DHANBANK
ICICIBANK
PNB
SBIN
SBT
SYNDIBANK
UCOBANK
UNITEDBNK

That would mean that BANK NIFTY will be down tomorrow which is also evident from the fact that it hasn't touched 3EMA for 2 consecutive occasions now.

Interesting....

 

[spiritunit]

Hi TH,

I like to know the rules for this, if the 3EMA is not touching the candble bar and we're ready to go short, below I attached couple of images Nifty Future on Jan 25 2012 and the next trading Jan 27 2012.

As you can see, the Jan 25 chart, the 3EMA is not touching the candle bar and we may go for short on next trading day, but in the next chart (next trading day) there is no downtrend and it went ahead of Jan 25 candle bar

So, in this case, why not tomorrow ICICI and other bank stocks also go higher without toughing 3EMA like this??

Thanks for clarification!

going to short it tomorrow morning if this is the case

Cheers
SH

 

[murthyavr]

Hi TH,

I like to know the rules for this, if the 3EMA is not touching the candble bar and we're ready to go short, below I attached couple of images Nifty Future on Jan 25 2012 and the next trading Jan 27 2012.

As you can see, the Jan 25 chart, the 3EMA is not touching the candle bar and we may go for short on next trading day, but in the next chart (next trading day) there is no downtrend and it went ahead of Jan 25 candle bar

So, in this case, why not tomorrow ICICI and other bank stocks also go higher without toughing 3EMA like this??

Thanks for clarification!

The rule here is - if the prices are above ema-3 AND if the candles have not
touched the ema-3 line for two consecutive days, then you can go short
on the third day, with ema-3 as the price objective.

Mirror image for Buy.

In this case you referred, 25th Jan and 27th Jan candles (above ema-3)
have not touched the ema-3 line. So you can go short on the next day -
30th jan. And voila! it was a very big red candle and went well below the
ema line.

Hope this helps you..

 

[anilnegi]

The rule here is - if the prices are above ema-3 AND if the candles have not
touched the ema-3 line for two consecutive days, then you can go short
on the third day, with ema-3 as the price objective.

agreed, 30th january was a very big red candle, closing much below 3 EMA

 

[trade4joisar]

I have seen this strategy working so perfectly that market does not have any option (instead of having options) here

 

[RAAMAKANT]

What's happened to BNF ? Not corrected as per strategy ?????