Trading Strategies Using Technical Analysis

[jagankris]

Raunak bhai,

IBRL @ 138 rs.Good price to pick it up ?

Thanks and regards,
JK

 

[SwingKing]

Raunak bhai,

IBRL @ 138 rs.Good price to pick it up ?

Thanks and regards,
JK

Jagan,

If you want to go long, why not go long in a stock like Titan or Bajaj Auto?

Both are attractive at this stage. Plus, belong to in favor sectors.

Why do you want a sector like Realty which is the least favorite sector currently.

Tc

 

[gangadharan]

Gangaji,

Can you pls share the means by which you analyze the distribution / accumulation patterns ?

TIA.

Best Regards,
JK

Hi Jagan,

I am not an expert in understanding a distribution or accumulation pattern. And one more thing is to be noted is that.......... any type of charts have its limitation in understanding the conditions of accumulation and distribution because both conditions looks as good as same in the charts.. Hence the parameter I use to observe it is the play of volume and mainly the understanding of the market conditions and in which part of that are we at present..(i.e. after a fast bull run NIFTY corrected around 500 points last month... Ok.. So the next chance is of a side way market where shorts are covered and further positions are built up according to the sentiments. We have already seen short covering till 6050 levels and then the chance is to test it 5750 or even 5550. levels... In conclusion.. I believe Niftry will trade inbetween 5550 and 6100 this month.)

Any way please refer the below given link... I am also trying to learn this.
http://www.traderji.com/advanced-trading-strategies/23128-volume-spread-analysis.html

Best of Luck.
Gangadharan

 

[jagankris]

Jagan,

If you want to go long, why not go long in a stock like Titan or Bajaj Auto?

Both are attractive at this stage. Plus, belong to in favor sectors.

Why do you want a sector like Realty which is the least favorite sector currently.

Tc

Raunak Bhai,

Two reasons

1.You picked this stock earlier during the previous crash.
2.The same old idiotic idea of buying a cheap stock will correct it.

Best Regards,
JK

 

[pshirurkar]

Hi Raunak,
Will you please express your views on ASHOKLEYLAND &CHAMBAL FERT .?
Thanks.

 

[SwingKing]

Raunak Bhai,

Two reasons

1.You picked this stock earlier during the previous crash.
2.The same old idiotic idea of buying a cheap stock will correct it.

Best Regards,
JK

Jagan dear,

When did I recommend IRBL?

I had swing traded it once for long/short trades. Apart from that I don't remember. Kindly show me the link.

And dear what's cheap now, can get more cheaper tomorrow.

Tc

 

[gangadharan]

Hi Friends

My current holdings

[email protected] WITH 2800PA @ 41.00*125
TCS........@ 1052 ..250...........................HEDGED WITH 1050PA @ 19.50*750
[email protected] WITH 620 PA @13.95*1500
JETAIR @ 738....500...........................HEDGED WITH JANFUT SHORT @ 850*500
CHAMPALFERT 4000 @ 90.75................... HEDGED WITH 80 PA @ 2.10*12000

Looking to enter RENUKA @ 80 levels

With Regards,
Gangadharan

Hi all,


My current holdings

[email protected] WITH 2800PA @ 41.00*125
TCS........@ 1052 ..250...........................HEDGED WITH 1050PA @ 19.50*750
[email protected] WITH 620 PA @13.95*1500
JETAIR @ 738....500...........................HEDGED WITH JANFUT SHORT @ 850*500
CHAMPALFERT 4000 @ 90.75................... HEDGED WITH 80 PA @ 2.10*12000
DISHTV....400 @ 70.25.................. NOT HEDGED YET


My Today's trades are as under

TATASTL EQ 500 SHORT @ 633........ COVERD BACK 623 =10*500 Points
SBI....EQ..... 125 SHORT @ 2845....... COVERD BACK.. 2796. = 49*125 Points

NIFTY ....... 250 SHORT @ 5960....... COVERD.........5930 =30*250 Points.
NIFTY ........250 SHORT @ 5940........ COVERD.........5905 =35*250 Points
NIFTY.........250 LONG @ 5914......... COVERD........5930 =16*250 Points
NIFTY.........250 SHORT @ 5920........ COVERED...... 5902 =18*250 Points.

Charts attached.....( Red Vert lines shows shorts.... green Vert line shows Longs & Yellow Vert line shows exits.)


Nice day..

With Regards,
Gangadharan
VANDE MATHARAM

 

[gauharjk]

Hi all,


My current holdings

[email protected] WITH 2800PA @ 41.00*125
TCS........@ 1052 ..250...........................HEDGED WITH 1050PA @ 19.50*750
[email protected] WITH 620 PA @13.95*1500
JETAIR @ 738....500...........................HEDGED WITH JANFUT SHORT @ 850*500
CHAMPALFERT 4000 @ 90.75................... HEDGED WITH 80 PA @ 2.10*12000
DISHTV....400 @ 70.25.................. NOT HEDGED YET


My Today's trades are as under

TATASTL EQ 500 SHORT @ 633........ COVERD BACK 623 =10*500 Points
SBI....EQ..... 125 SHORT @ 2845....... COVERD BACK.. 2796. = 49*125 Points

NIFTY ....... 250 SHORT @ 5960....... COVERD.........5930 =30*250 Points.
NIFTY ........250 SHORT @ 5940........ COVERD.........5905 =35*250 Points
NIFTY.........250 LONG @ 5914......... COVERD........5930 =16*250 Points
NIFTY.........250 SHORT @ 5920........ COVERED...... 5902 =18*250 Points.

Charts attached.....( Red Vert lines shows shorts.... green Vert line shows Longs & Yellow Vert line shows exits.)


Nice day..

With Regards,
Gangadharan
VANDE MATHARAM

This is so unnatural... Perfect timing. Your intraday system is excellent.

 

[DanPickUp]

Adi,

There is no secret to what I do. I rely on price structure and visualization to narrow my stocks down. If in a sector I see bunch of stocks with a positive structure, I place them on my large LCD screen and view them from a distance of atleast 10 feet. The one which looks the best is the one I select to trade.

Look at Hindalco, Tata Steel, Sail, Sterlite etc. All have descent short term price structure. But when I saw Hindalco from a distance, I just knew that was the stock to bet on. Similarly, probably all auto stocks have good price structure, but the best one's from a 10 feet distance are Bajaj Auto and Tata Motors.

About 10-12 days back, when I had written to avoid Banks, I did the same. I am not completely bearish on banks. It is just that now I see gains coming from other sectors. Even if you look at Sugar stocks, the best price structure and visualization is in Renuka sugars. Hence, I am vested in the same.

One more important factor in determining where to invest is the awareness of market fundamentals and sector valuations. If you see, the simple reason why banks did not appeal much to me were because the valuations (short term) were simply exorbitant. It had to correct and I am glad it is correcting. Eventually when banks are ready for upmove again, they will contribute immensely to the broader market. I have positions now in commodity related sectors as I feel that markets will largely rally due to this sector doing well.


In conclusion, if I have to sum it up, I combine Price structure and Visualization with Fundamentals and Economic analysis to determine what will probably happen next. Once the initial view is structured, positions are taken. In this thread I can teach price structure but I cannot teach how to build Economic insight. This is something which will come naturally after observing markets and understanding structure of our economy.

Hope you understand that there is no holy grail.

Tc

Glancing at charts ! Yep like Paul Tudor Jones

 

[nimish_rulz]

Nifty Predicted range for tmrw.

Review of : 70001247
as of 08/12/2010
TODAY'S CLOSE 5,906.800
TOMORROW's
PROJECTED HIGH
5,933.40


PROJECTED LOW
5,852.00



BOLLINGER BANDS
CLOSING PRICE:5,906.800
BOLLINGERBAND TOP:
6,256.933
21 DAY MOVING AVERAGE:
5,975.347
BOLLINGERBAND BOTTOM:
5,693.761

Long only above the predicted day High. Short only below the projected day low.
Short term trend: Bearish (Negative)
Medium term trend: Neutral
Long term trend: Bullish

Current fall duration since making the fresh 52 week high is 4.5 weeks or around 22 trading days. Fall in 22 days around 432 points or 6.81% which means we are still in a correction/ retracement mode.

Correction would be considered over when nifty crosses above 6080 and remains there for a trading week. Similarly if nifty breaches 5850 more downfall will follow and the current run up was a mere retracement of the downmove that may have started on 5th Nov.