Trading Strategies Using Technical Analysis

[SwingKing]

Hi Raunak bro pls give your views on these stocks

1.SIEMENS
2.YESBANK
3.GESHIP

Be long in Siemens and Yesbank.

Leave GESHIP as of now. Keep it on your watch list though. Shipping Industry should start moving soon.

Tc

 

[calmeshenoy]

rounak bro abt BGR n ONMOBILE,BHARTHI AIRTEL,BHEL

 

[SwingKing]

rounak bro abt BGR n ONMOBILE,BHARTHI AIRTEL,BHEL

Calmeshenoy,

It's Raunak actually.

BGR - Put it on Watch list. This stock will move. However, for some real gains, it will take about 3-4 weeks for this stock to be classified as an Investment. Remind me later to check on it.

Onmobile - Not that attractive at current levels.

Bharti - Has entered a similar phase as it did in 2009. Need to see if this time trend is for real. Wait for some confirmation.

Bhel - Stay away as of now.

Tc

 

[kainiteh]

Hi Raunak,

i have a doubt about qualify the swing. Right now i am trading on my setup by using Elliott 5 wave and ABC correction with Dual time frame.

More often i am struggling to qualify or justify the swings of those
Elliott wave.

Here my explanation how i understand it so far.

For Uptrend Elliott wave, wave 1,3,5 should be upwards and 2,4 should be downwards. wave 1,3,5 forms another Elliott wave respectively when it would be zoomed in smaller time frame..... and wave 2,4 could be a correction in smaller time frame. this crucial/critical point where i can entry and exit so earlier on trend and on reversal.

Is my above approach right? if not please correct me with an example. i have resume my trading after so long because of Job searching.

Regards.
Just remind me on Friday evening. I will update it on weekend.

Tc
__________________
Raunak Agarwal
------------------------------------------------------

Trading is a Business where Smart Work is more rewarding than Hard Work.


Tc

Hi,

please answer above my query...... it is just a reminder.

Thanks and regards.

 

[blogospheres]

Hello Raunak Ji,

For quite some time, I was going through this wonderful thread. Thanks for all the useful information and guidance. Will be really thankful if you could help me with my confusion.

I was looking at few stocks for investment purpose but the time horizon I have in mind is 6-9 months except for two stock that appear to have underperformed hugely. I was holding Godrej Industries and Jindal Saw for last 2-3 months but I guess, they dont intend to move at all. I would like to have your view on these two stocks plus few others that I have in mind with 6-9 months perspective. These include,

Indusind Bank (good quarterly results and expected to maintain it in coming quarters)
Delta Corp (turnaround in fortune plus good prospects of gaming and casino in future)
Talwalkar (Again a niche player)
And VIP (correction of 25% from its peak and looks good with its upcoming results)

Seems like a tall order but will greatly appreciate your view about these stocks in regards to time of entering or any specific holding period.

Thanks a lot.

Bro, Plz have a look at my query.

 

[RAGHUERK]

Hi Raunaq, How r u? My query is about nifty. I am holding Nifty future one lot of the Oct series. As the expiry approaching next week, dear can you give any levels for the likely levels of Nifty October series on expiry. Thanks in advance.

 

[DanPickUp]

Hi Raunaq, How r u? My query is about nifty. I am holding Nifty future one lot of the Oct series. As the expiry approaching next week, dear can you give any levels for the likely levels of Nifty October series on expiry. Thanks in advance.

http://www.traderji.com/options/305...g-strategy-option-spreads-123.html#post479449

http://www.traderji.com/options/305...g-strategy-option-spreads-123.html#post479462

http://www.traderji.com/options/305...g-strategy-option-spreads-123.html#post479467

http://www.traderji.com/options/305...g-strategy-option-spreads-123.html#post479471

Every body is free to have its own thoughts about it.

DanPickUp

 

[gangadharan]

Dear,

1. We are not in a sideways market. Infact, not going significantly down after such a move is a sign of strength.

2. What can happen on Monday? As far as I am concerned, whatever will happen will happen. Why bother worrying about it? 6080 or 5980 or xyz is just a number. In my experience, no level in the market is of importance. All can be broken or respected by the market irrespective of what we contemplate about them.

3. Yes I do see upside in TCS from these levels. Infact, I have bought it heavily today. If I am right, money is to be made, else I'll move on.

Tc

Raunak Sir,

Now I am confident about my trade, even I have baught TCS.

Regards.

Gangadharan

 

[SwingKing]

Hello Raunak Ji,

I was holding Godrej Industries and Jindal Saw.

Indusind Bank (good quarterly results and expected to maintain it in coming quarters)
Delta Corp (turnaround in fortune plus good prospects of gaming and casino in future)
Talwalkar (Again a niche player)
And VIP (correction of 25% from its peak and looks good with its upcoming results)

Seems like a tall order but will greatly appreciate your view about these stocks in regards to time of entering or any specific holding period.

Thanks a lot.

Godrej Ind & Jindal Saw - Keep holding on to both. Jindal Saw should start moving immediately. Whereas, Godrej will begin its move soon.

IndusInd Bank - Keep holding onto it. Very Strong stock. Accumulate more on dips.

Delta Corp - Wait and watch this. Let this stock consolidate. See if it resumes its up trend. Enter then.

VIP - Same as Indus Ind.

Tc

 

[SwingKing]

Hi Raunak,

i have a doubt about qualify the swing. Right now i am trading on my setup by using Elliott 5 wave and ABC correction with Dual time frame.

More often i am struggling to qualify or justify the swings of those
Elliott wave.

Here my explanation how i understand it so far.

For Uptrend Elliott wave, wave 1,3,5 should be upwards and 2,4 should be downwards. wave 1,3,5 forms another Elliott wave respectively when it would be zoomed in smaller time frame..... and wave 2,4 could be a correction in smaller time frame. this crucial/critical point where i can entry and exit so earlier on trend and on reversal.

Is my above approach right? if not please correct me with an example. i have resume my trading after so long because of Job searching.

Regards.

Kainiteh,

If I remember correctly, I have explained this EW and ABC correction method somewhere in the beginning of this thread. I think I had explained it to you. Anyway, let me come back to your query now.

In my opinion, all the EW practitioners, with exception to some EW experts, practice EW in the wrong way. EW was never to be used in trading. It is only to be used to "judge" where the markets stands at this point. Hence, let me give you a framework based on EW so that it becomes easier for you to use it in your trading.

Every trader must divide his judgement about markets into two halves. One should reflect the long term market picture and another one should reflect the short term picture. The broader term price structure should be used to trade in the direction of the larger trend whereas the short term price structure should be used to generate alpha. Now, in your case, this is how you should structure your trades.

Broader Price Structure

EW - Where is the market currently? Which Wave? Is it 1,3 or 5? Or is it 2 or 4? Which should be the correct strategy in this case? What about volatility? Is it low or high? If its high, how do I protect myself from risk?

Now, these are the sort of questions you must ask yourself before trying to decide in which direction you have to trade. Now, lets say markets are in Wave 5, this means, broader term structure still remains intact and markets are in uptrend. However, this also means, we are in the last leg of the Bull move and volatility is high, which also means chances of corrections increase. Hence, in this case, I would use my trades for some quick gains and would tighten my stop losses on my investments.

Short Term Price Structure

Dual Time frame Strategy - What do I do here? What message did the market give me in broad price structure? Are we in a bull wave? If yes, which wave? How's the volatility playing? Do I look to take trades based on dual time frame on the buy side or short side?

Now, of you see the market in Wave 5, you should be taking trades in the Buy side, but must also be prepared to use the same strategy to initiate short trades. By time extensions, you will always know probable time when correction (ABC) should begin and hence you must be prepared for it. This is exactly what you should be doing. Your approach is slightly wrong wherein you are trying to trade (time) the markets using EW. Use EW for trend direction and use your swing strategy for trade execution.

I hope this has helped you to channelize your thoughts. Try and always work in a framework.

Tc