SH's MArket Correction Prediction Strategy

[trade4joisar]

Sir

i differ from your point of view

Hello Anil,

I think you are looking Chartink data (spot) and i am looking into icharts (future)

So we both are right

 

[trade4joisar]

I observered few things which can be helpful to get to know the next day open scenario (there are exception cases too).

• 3 ema left (2 days - 95%, 1 day - 70%)
• 30 mins RSI, 5 mins RSI < 30 or > 70 (Sometimes it can < 20 or > 80)
• Crossover 315 strategy on either side
• Closed near previous swing low/high (without high/low broken)

Just an example of how 3 ema left help traders to decide on next day opening.

 

[trade4joisar]

One more point

When 3 ema closed against trend for 2 consecutive days (315 rule) then also there is chance of gap up / down

Let see how L&T react to this strategy of SH today.

 

[anup]

Bank of India has not touched 15 EMA for almost 34 days.. A mouth watering prospect but i am afraid to take, as it might be against the trend!!

15 EMA = 241
LTP= 217

 

[AlokTewari]

Bank of India has not touched 15 EMA for almost 34 days.. A mouth watering prospect but i am afraid to take, as it might be against the trend!!

15 EMA = 241
LTP= 217

Well I have taken long position in Future at 217.50 with 2 rs. SL. Let us see how it goes

Cheers !!!!

Alok Tewari

 

[anup]

Well I have taken long position in Future at 217.50 with 2 rs. SL. Let us see how it goes

Cheers !!!!

Alok Tewari

All the best Alok

 

[bapu4]

Hi Alok,
Thats very fascinating if it goes as per rule,I have two lill quetions for you,
1 where to see future's charts of stocks free on the web 'cause I rfer to chartink but it has only spot.
2.How to locate such stocks at once?
thanks in advance.
vivek

 

[bapu4]

Any study on BHEL ??

-vivek

 

[AlokTewari]

I am using ICHARTS but it is not free. I think Google finance has free charts but you have to check.

BTW Bank india went up from 217 to 227 & I am still holding as 15 EMA has still not touched

Cheers !!!!

Alok Tewari

 

[anup]

I am using ICHARTS but it is not free. I think Google finance has free charts but you have to check.

BTW Bank india went up from 217 to 227 & I am still holding as 15 EMA has still not touched

Cheers !!!!

Alok Tewari

You Owe me a treat alok