Trading Strategies Using Technical Analysis

[SwingKing]

Raunak bhai what are your understanding of today's explosive moves in IFCI and UNITECH.
both breakout their multi-month resistance levels and closed above those levels comfortably with such huge spurt in volume.

I haven't seen the charts personally, but if the break out is going to last, then let those stocks retrace and test their supports. You will get better entry point. But let the breakout prove its genuine.

Tc

 

[SwingKing]

Raunak & Friends,

Need your views on CHENNPETRO. Looking to enter if closes above 255 which is more likely today for tgt of 270+.

- Ram

Ram,

I feel Chennai Petroleum is at the brink of losing or re - gaining its bullish structure. I would still be long keeping SL of 247 -250.

Sorry about missing your post earlier.

Tc

 

[SwingKing]

Thanks Raunakji for coromandel... One more query....
Do you advise shuffling at this level from below mentioned stocks?

Omaxe (Stay long. Add more on Retracements )
Dhampur Sugar (Stay long. Add more on Retracements )
Renuka Sugar (Stay long. Add more on Retracements )
Oudh Sugar (Exit)
KPIT (Stay long. Add more on Retracements )

and buying
Bajaj Auto (Stay long. Add more on Retracements )
Coromandel (Stay long. Add more on Retracements )
BASF (Stay long. Add more on Retracements )
IFCI (Stay Away as of Now)
Eicher Mot (Stay long. Add more on Retracements )

Bests,
Apurv

Dear Apurv,

Have added my comments in your post.

Remember, stocks turn bullish from bearish and bearish to bullish on a constant basis. So keep reviewing the stocks.

Tc

 

[SwingKing]

Buddy,

I am seriously illiterate in terms of WW so i cannot say anything... my method was suggesting me to get into IOB with the SL of 128 or 127 with the target of 148 or so....

and D link SL of 43 and tgt of 62 or 63....

Buy IOB over 138 and be long.

Stock is bullish.

Tc

 

[SwingKing]

Dear sir,
Look BHEL..imo its good for swing..daily and weekly b/o in one bar....Please give your view...

VJAY,

Stay away from Bhel as of now.

This could be a start of a fresh up move. But I would let this move pass by and wait for the next move to start. That way we could get a high probability trade. It has been in a range for quite sometime now and though it seems this move is genuine, I would still wait for confirmation (time wise).

Tc

 

[SwingKing]

Trade on Bajaj Auto

Guys, this is why Bajaj Auto was traded.

Look at the chart below, there are two simple moving averages placed; 15 period and 45 period average. The space between those two averages is the value zone. I have highlighted those value zones with red horizontal lines.

Now, whenever in the past 8-9 months the stock price approached the value zone, all we had to do was place the stop and go long. This is simply how it was done. There is no system, no fancy logic and no other complexity involved.

I don't have any other thing to mention here as this is how simple it is. If you guys have any questions, then let me know.

Tc

 

[SwingKing]

So, sir would u provide me with the techniques for Swing Trading?

Prashant,

Whole thread here is full of such methods. Just go through the thread.

Tc

 

[SwingKing]

Kindly let me know if any query is left unanswered.

Tc

 

[praveen taneja]

Raunak bro I am against watching chats and all these TA dont know why But I am .
so far I am doing my R&D on stocks and earning good but now a problem occured with me ???
I had opened a Mobile shop and its sales increasing rapidly so cant give time on net now.
Can u suggest now what way I can make to enter in stocks and buy and sit asidewaiting and patience I have lot IF trapped but question is chosing a stock without watching meta or ami or any chart??? Tips I dont follow ??? RIL and Rcap giving return but not as per investment so bro can u suggest any way to chose a stock ?? Thnx in advance

 

[Prashant Patel]

Raunak bro I am against watching chats and all these TA dont know why But I am .
so far I am doing my R&D on stocks and earning good but now a problem occured with me ???
I had opened a Mobile shop and its sales increasing rapidly so cant give time on net now.
Can u suggest now what way I can make to enter in stocks and buy and sit asidewaiting and patience I have lot IF trapped but question is chosing a stock without watching meta or ami or any chart??? Tips I dont follow ??? RIL and Rcap giving return but not as per investment so bro can u suggest any way to chose a stock ?? Thnx in advance

Same problem here!!!