Trading Strategies Using Technical Analysis

[SwingKing]

long or short?

Long. Thanks for pointing it out.

Tc

 

[SwingKing]

Ranaukji
Please spare little time for me and suggest what should I do for my curent holding,danger sept and oct approaching.
1. Venkat pharma [email protected] -15540
2. Alpha geo 200@254 -17616
3. Kotak mahindra bank 100@835 - 472
4. Relind 50@981 - 510
5. Ispat india [email protected] - 25200
Total loss 59336
Best regards. Partha Roy

Partha apart from Reliance n Kotak there is nothing much to read in here.

Stay away from stocks which are recommended for immediate and substantial gains. At present Keep kotak and reliance with you. There are much better stocks available in the market now. Try PSU banks (for investment) purpose.

Tc

 

[piyushbajpai]

Hello Raunak Sir,
What are your views on IOC, is this a good buy for positional trade?
Thanks

 

[rrmhatre72]

Have Entered intraday Scalp trade in Nifty F at 5467.8 (Long)

Tc

Hi Raunak,

I know you keep target of 20-30points whenever you scalp.
What stop loss do you keep whenever you scalp?

 

[arti]

whats this WRB red candle with high volume in 60min(nifty fut) telling?
I mean is any buying going inside it,or just selling.

Now This WRB's high will become strong resis for upside isnt it?

Plz some one explain how to decipher it.

 

[Esse]

Long. Thanks for pointing it out.

Tc

Have you covered the positions ? NIfty spot is 5400

Thanks and regards

 

[SwingKing]

Have you covered the positions ? NIfty spot is 5400

Thanks and regards

Yes Esse. Could not post it live. Had exited with a loss of 20 points.

Tc

 

[SwingKing]

Hi Raunak,

I know you keep target of 20-30points whenever you scalp.
What stop loss do you keep whenever you scalp?

Usually same, that is 20 points. But at times have to lower it if I see base building.

Tc

 

[Esse]

Yes Esse. Could not post it live. Had exited with a loss of 20 points.

Tc

Prabhu,

Aaap apna exit bata diya kijiye. Apna bahut lamba lag jata hai. apni abhi bhi nakal utarne ki aadat gayi nahi.

Thanks and regards

 

[SwingKing]

whats this WRB red candle with high volume in 60min(nifty fut) telling?
I mean is any buying going inside it,or just selling.

Now This WRB's high will become strong resis for upside isnt it?

Plz some one explain how to decipher it.

Arti,

Usually on a smaller time frame you will see many WRB with heavy volume. Not every bar means a down side from those levels. Let me explain this as a WRB has developed on hourly time frame now.

At present we are witnessing a WRB on hourly with volumes. However, this should not be perceived as a sign of weakness. On hourly time frame 5360- 5380 is a pivotal support (it is also a pivotal support on daily charts). Hence, if this level breaches, we would know that the current swing move is now in downward direction. Once this happens, one can review positions there. If there is no base building evident and indicators (if one uses) are also showing the same, then one can initiate shorts.

Tc