Trading Strategies Using Technical Analysis

[SwingKing]

Dear sir,
How you find apolotyre in downtrend...is it as per chart legend? or anything else...as per me it came near to reverse from bullish to downtrend....please eloberate it sir...

VJAY,

You got it right. Its according to the chart legend.

As per chart legend, which I had explained earlier, Apollo tyres is now moving more on the downside and less on the upside. From low of 50 in Feb 2010, it formed a high in April 2010. There on it retraced only 50% of its move (indicating weakly bullish) and then went back to levels of 85. Now from low of 60 formed in August it went to high of 88 in September and from there is has retraced entire upmove of August - September (indicating trend shift). A minor rally in October - November was quickly suppressed and the stock fell again.

Tc

 

[SwingKing]

Bajaj Auto offers a good risk to reward.

Currently at 1566.

Stop loss base is formed near 1545 levels.

See if your system indicates the same.

Tc

 

[rsingh2005]

VJAY,

You got it right. Its according to the chart legend.

As per chart legend, which I had explained earlier, Apollo tyres is now moving more on the downside and less on the upside. From low of 50 in Feb 2010, it formed a high in April 2010. There on it retraced only 50% of its move (indicating weakly bullish) and then went back to levels of 85. Now from low of 60 formed in August it went to high of 88 in September and from there is has retraced entire upmove of August - September (indicating trend shift). A minor rally in October - November was quickly suppressed and the stock fell again.

Tc

Dear Raunak,
First of all many thanks for selfless education you are rendering to all of us fellow trader. Being Novice , to get clear picture of particular script, following chart legend is advisable or any other way apart from following chart in longer time frame .
Please Advise.
Regards
Rajesh

 

[prst]

raunak bhai,

thanks for the info..

for a swing trade, holding for about 1 week, would u recommend concentrating more on the monthly and weekly charts?
or should i look at 6 month chart also to get a bigger picture?

 

[prst]

just checked the daily volumes for apollo tyres since nov 25th .
its continously decreasing and now almost one third of what was 1 week back..

seems like a big sign of weakness..

 

[SwingKing]

Dear Raunak,
First of all many thanks for selfless education you are rendering to all of us fellow trader. Being Novice , to get clear picture of particular script, following chart legend is advisable or any other way apart from following chart in longer time frame .
Please Advise.
Regards
Rajesh

Rajesh,

Just keep practicing the chart legend I have mentioned on regular basis on daily time frame. For direction of trend, refer to weekly chart. Don't trade immediately. Just practice the legend's application. Automatically after some time you will know what is going to happen ahead.

Tc

 

[praveen taneja]

Portfolio stands now at>

Noida toll bought 28 cmp 30.45
Fortis cost at 143.65 cmp 153.30
Bhabhi cost 68.85 cmp 87.60
GF bought 618 cmp 711
Rana sugar cost 8.80 cmp 8.35
FCS software cost 2.30 cmp 1.70God is Gr88888888888

Ruanak Bro ur view on MY portfolio Dont know why but dying to exit all at this level

 

[gb333]

raunakagarwal
In ur 5MA high 5EMA low intraday strategy.. i have some queries...
I can not understand the entry exit ,,, kindly give a example

 

[SwingKing]

raunak bhai,

thanks for the info..

for a swing trade, holding for about 1 week, would u recommend concentrating more on the monthly and weekly charts?
or should i look at 6 month chart also to get a bigger picture?

Prst,

For Swing trade of One week. This is what I will do.

Main Trend Reference - Weekly chart
Daily Trend - Daily chart with price analysis
Hourly chart - For timing purpose
Golden rule - Swing trade in direction of Weekly chart.

Tc

 

[gb333]

dear raunak

Can I apply the same formula in real time Nifty Spot chart