Trading Strategies Using Technical Analysis

[SwingKing]

Good Morning Raunak Bro & all fellow traders,
I have one query based on Mr. Gangadharan chart, dont you think, the entry should be on much higher level as SBI is still around 50% retracement level from its low & support around 2800 on weekly chart. I think if it close at least above 50% retracement then we should start looking for this stock to go long.
Looking forward for your input.
Regards
Rajesh

Rajesh Dear,

Resistance,support, retracements are just one of the factors one needs to watch. There is much more to how one should bottom fish. I'll write one of the ways to do it on the weekend.

Tc

 

[SwingKing]

Dear Raunak Bro,
I Know in general you dont take intraday calls, but want to discuss one trade I taken today for immediate gain for 1 %..... as per your analysis we were expecting Hindalco to do well , so I entered today @ 221.35 & exit at 225 for quick intraday gain. My question is here based on youranalysis , once we know that particular script is in uptrend or down trend, then based on analysis we can take less risky trade in the direction of trend,for some quck Intraday gain, or any caveat in this strategy.
Please Advise.
Regards
Rajesh

Rajesh,

Very good.

You are thinking correctly and in the right direction.

Take more insights from Savant for day trading.

Tc

 

[SwingKing]

As of now I am staying away from Midcaps and Smallcaps.

Stick to large caps till markets move away from consolidation.

High beta positive sectors related to commodities will do well.

Tc

 

[rsingh2005]

Rajesh Dear,

Resistance,support, retracements are just one of the factors one needs to watch. There is much more to how one should bottom fish. I'll write one of the ways to do it on the weekend.

Tc

Thanks.
Eagerly waiting for your post in weekend. One gentle reminder , still waiting for your more insights on HV.
Rgds

 

[SwingKing]

Thanks.
Eagerly waiting for your post in weekend. One gentle reminder , still waiting for your more insights on HV.
Rgds

Sure.

Both will be posted on Sunday.

Have put it on my to do list.

Tc

 

[praveen taneja]

Bro in this consolidation come profit booking come correction whatever it is keeping eye on
Nag fert
Indowind
Hunung (just bcoz corrected 50% and still have good FUND a MENTAL)
Jain Irrigation
Visa steel
J&KBank
Renuka Bhabhi and
RELCAP
pls tell me ur view what u think about these stocks

 

[SwingKing]

Bro in this consolidation come profit booking come correction whatever it is keeping eye on
Nag fert - Will stay away
Indowind - Will stay away
Hunung - Will stay away
Jain Irrigation - Will review in 3 weeks
Visa steel - Will stay away
J&KBank - Will review in 3 weeks
Renuka Bhabhi - Will definitely invest in it.
RELCAP - Don't even think Mr. Ambani will be buying this.
pls tell me ur view what u think about these stocks

Answers are written in the quote.

Tc

 

[rsingh2005]

Bro in this consolidation come profit booking come correction whatever it is keeping eye on
Nag fert
Indowind
Hunung (just bcoz corrected 50% and still have good FUND a MENTAL)
Jain Irrigation
Visa steel
J&KBank
Renuka Bhabhi and
RELCAP
pls tell me ur view what u think about these stocks

PT Praa.
I am following your post from quite some time, one thing I must comment, Thoada. sense of Humour one of the best in this forum. That make even bad day end with smile on face.. Tussi Great ho ji
By the way in your line apart from Renuka Bhabhi, what you think for Jayshree Aunty..
Rgds
Rajesh

 

[gb333]

Raunak...
Will u provide me afl code for Divergence Indicator...

Regards

 

[SwingKing]

Gone short on Praj Industires.

Stop Loss is 73.3 on EOD on spot.

Tc