Trading Strategies Using Technical Analysis

[stud]

i am short on infosys short at 3154

bought back at 3075

 

[SwingKing]

Hi Raunak,

I can see following on daily chart.

1. Recent PL was 257 but stock closed @289 on 26th Nov.
2. on closing basis on 29th Nov was lower close @286.
3. Then we had recovery recovery till 2nd Dec & formed PH @325
4. Then DLF was giving LH & LL since last six days. Today it is broken & it has gone up.

I am sure you are observing some other points to take position. You will not jump in the position at first positive candle..

Appreciate if you can explain same.

Anyway I feel ~305 should be first target & 320-25 is second target.
If we cross 325 on closing basis then we can see higher levels.

Rahul,

The picture says it all.

There is some negative news on DLF which came out after market hours. So don't know how it will react tomorrow. But this is a very common short term reversal indication which offers good RR.

Tc

 

[nimish_rulz]

Good call on Sintex Nimesh.

Very well done.

Tc

Ruanak Bro couldn't press the thanks button as it didn't exit so appreciating your kind words through this post.

P.S: On a lighter note my name is Nimish :thumb: I think u had a typo in the previous post. :lol:

 

[SwingKing]

Ruanak Bro couldn't press the thanks button as it didn't exit so appreciating your kind words through this post.

P.S: On a lighter note my name is Nimish :thumb: I think u had a typo in the previous post. :lol:

Nimish dear,

Even my name is Raunak Not Ruanak :lol:

All in good spirit my dear.

Tc

 

[nimish_rulz]

Nimish dear,

Even my name is Raunak Not Ruanak :lol:

All in good spirit my dear.

Tc

Lol Sorry Raunak Bro . Btw u in mumbai around new years planing to go there for a few days Mumbai Goa. Let me knw if can meet up it will be awesome to see u!

 

[nimish_rulz]

So the high was taken out brilliantly. Now for tomorrow

Review of : 70999833
as of 10/12/2010
TODAY'S CLOSE 5,850.750
TOMORROW's
PROJECTED HIGH

5,930.30

PROJECTED LOW

5,785.95


BOLLINGER BANDS
CLOSING PRICE:5,850.750
BOLLINGERBAND TOP:
6,168.015
21 DAY MOVING AVERAGE:
5,948.229
BOLLINGERBAND BOTTOM:
5,728.443

On a personal note looking for a level around 5945.

So the trading range given was almost perfect missed upside and downside by 10 odd points each way. Now for tomorrow:

Review of : 70001247
as of 13/12/2010
TODAY'S CLOSE 5,907.650
TOMORROW's
PROJECTED HIGH

5,969.68

PROJECTED LOW

5,851.78


BOLLINGER BANDS
CLOSING PRICE:5,907.650
BOLLINGERBAND TOP:
6,134.294
21 DAY MOVING AVERAGE:
5,943.538
BOLLINGERBAND BOTTOM:
5,752.782

The BB Bands are contracting massively. This is going to be fun.

 

[praveen taneja]

PT Sir,

aapki renuka to waapis sasuraal ki taraf chali

wah wah!!

Adi

Bhai Bhabhi ka naam lete sharam nahin aati
Pls avoid sir with my name it looks my body vanish below neck

 

[CASPER]

Nithin,

Short listing stocks is not difficult. But, tracking them becomes difficult. If I recommend something, I will have to track it. This becomes a bit difficult. Hence, based on your method, choose a few. Tell me about them and I will say whether they are worth or not.

Hope you will understand.

Tc

Dear Raunak,

Yes, I do understand what you are trying to Convey,

I have shortlisted 12 Stocks among the 38 from your list ( As i had mentioned in my earlier post i am looking to invest for a period of 2-3 months ), will it be possible to prioritize the below( Do let me know if need to refine the below list ),

Kotak Mahindra - Private Sector Bank
Vijaya Bank - Public Sector Bank
Dena Bank - Public Sector Bank
State Bank of India - Public Sector Bank
TVS Motor - Automobile (2&3 Wheeler)
Voltas - Consumption Theme
Skumars - Textiles - Synthetic Silk
Siemens - Telecom
Havells India - Electric Equipment
Biocon - Pharmaceuticals
Ashok Leyland - Auto LCV/HCV
Ambuja Cements - Cement

Another Query, is it advisable to trade in Yesbank ( F&O ) to enter at the CMP -308.60(EOD) ofcourse i understand i need to consider the price it opens tomorrow, with a SL of 288.50 .

Also is it right time to enter 3IInfotech with CMP 54 ( EOD ) with SL as 52.

Thanks for your reply,

Best Wishes,
Nithin.

 

[SwingKing]

Dear Raunak,

Yes, I do understand what you are trying to Convey,

I have shortlisted 12 Stocks among the 38 from your list ( As i had mentioned in my earlier post i am looking to invest for a period of 2-3 months ), will it be possible to prioritize the below( Do let me know if need to refine the below list ),

Kotak Mahindra - Private Sector Bank
Vijaya Bank - Public Sector Bank
Dena Bank - Public Sector Bank
State Bank of India - Public Sector Bank
TVS Motor - Automobile (2&3 Wheeler)
Voltas - Consumption Theme
Skumars - Textiles - Synthetic Silk
Siemens - Telecom
Havells India - Electric Equipment
Biocon - Pharmaceuticals
Ashok Leyland - Auto LCV/HCV
Ambuja Cements - Cement

Another Query, is it advisable to trade in Yesbank ( F&O ) to enter at the CMP -308.60(EOD) ofcourse i understand i need to consider the price it opens tomorrow, with a SL of 288.50 .

Also is it right time to enter 3IInfotech with CMP 54 ( EOD ) with SL as 52.

Thanks for your reply,

Best Wishes,
Nithin.

Nithin,

Look at Vijaya Bank, TVS Motor, Voltas, Biocon, Ambuja Cements, HDFC, Tata M DVR. Invest for at least 6 months or till they retain their price structure.

I don't track Yes Bank closely and hence cannot comment. Also, as of now stay away from 3iinfotech.

Tc

 

[VJAY]

deleted wrong post...