Trading Strategies Using Technical Analysis

[NFTRADER]

Have created a pdf document of Trading Strategies posted by Raunak in this thread. Hope Raunak does not mind .OK here is the link to download the pdf file
http://www.4shared.com/document/p5IcKLou/RAUNAKS_TRADING_STRATEGIES.html

 

[SwingKing]

ZeeL Futures bought at 301.2 for 3-4 weeks. SL is 288

Lets hope for it to do well.

Tc

Keep holding to ZeeL

Tc

 

[AlokTewari]

Very good call. Broke out above 304.

Cheers !!!!

Alok Tewari

 

[mayasharma]

What are the basic technical indicators widely used for stocks.

 

[SwingKing]

What are the basic technical indicators widely used for stocks.

Maya, you need to tell what is your main purpose for using indicators. I cannot pen down all the indicators here. For every basic purpose there a lies a basic indicator. Hence, tell me what you are looking for.

Tc

 

[SwingKing]

Keep holding to ZeeL

Tc

Keep holding on to ZeeL.

Adani Enterprises is looking good for coming few weeks.

Tc

 

[Apurv7164]

Hey guys,

I need ur help to evaluate where did I go wrong...

I bought Clutch Auto around 36 long back and IFCI around 52 couple of weeks back..

Now here is the decision I made...

IFCI

On 13th it made long black candle which is followed by inverted black hammer which is followed by (i.e. yesterday) kind of spinning top with violated low of 13th. Since low of 13th was violated and inverted hammer at higher level, I interpreted it like early signal of down move and booked my profit... today it moved up with strong momentum....

At the sametime RSI was also strugling to go up and turning down and 50 MA was around 54 so I thot of selling it at higher level which I can buy again around 54 depending on prevailing situation at that time...

Clutch Auto

On 13th it made long white candle which is followed by piercing black candle and then again black candle... i interpreted it like sign of lil down move and I booked my profit....

At the sametime RSI was also strugling to go up and turning down and MAs were around 63, 66 so I thot of selling it at higher level which I can buy again around 63 or 66 depending on prevailing situation at that time...

Kindly help me to understand where did I go wrong...

P.S.: I m just trying to sharpen my skills.

~ Apurv
Not an expert or analyst....

 

[madhumitac]

Hai Sir,
To trade on weekly basis and long term basis what are the indicators used. I have a doubt, how to trade when there is a gap.

 

[Apurv7164]

Hai Sir,
To trade on weekly basis and long term basis what are the indicators used. I have a doubt, how to trade when there is a gap.

This is strikly individual and depends on ur personality as well as ur trading style.... I always reply this question with this example... given all the same ingredients and situation, tea or coffee made by 2 people may taste different... you need to experiment to know what suites you best....

As far as Gap is concerned, I personally take them as strong resistence or support.... i dont know or dont consider anything else about Gaps... no offense, just my way of using it....

 

[SwingKing]

Hey guys,

I need ur help to evaluate where did I go wrong...

I bought Clutch Auto around 36 long back and IFCI around 52 couple of weeks back..

Now here is the decision I made...

IFCI

On 13th it made long black candle which is followed by inverted black hammer which is followed by (i.e. yesterday) kind of spinning top with violated low of 13th. Since low of 13th was violated and inverted hammer at higher level, I interpreted it like early signal of down move and booked my profit... today it moved up with strong momentum....

At the sametime RSI was also strugling to go up and turning down and 50 MA was around 54 so I thot of selling it at higher level which I can buy again around 54 depending on prevailing situation at that time...

Clutch Auto

On 13th it made long white candle which is followed by piercing black candle and then again black candle... i interpreted it like sign of lil down move and I booked my profit....

At the sametime RSI was also strugling to go up and turning down and MAs were around 63, 66 so I thot of selling it at higher level which I can buy again around 63 or 66 depending on prevailing situation at that time...

Kindly help me to understand where did I go wrong...

P.S.: I m just trying to sharpen my skills.

~ Apurv
Not an expert or analyst....

Apurv,

I'll reply to your query in detail. Check back later today or tomorrow.

Tc