Trading the Technicals

[phoenix]

Re: SUVEN Pharma

tanewbie,
Great call.....and thanks for the heads up!!

 

[tanewbie]

Day trading strategy

Though I dont o much day trading sometimes we may be lcuky to spot such an opportunity.
one such strategy is:
look for a bollinger squeeze in 1 or 3 min charts. have a 50ema and 200ema plotted onit. and have macd too. Thats all u can add in Speedtrade and other trading s/w
Squeeze will point out that a break out will be soon. emas/macd can provide u the direction of the breakout. now stop loss shd be max 2 rs fr entry.

enclosing charts of BOI/HLL for the day in 3mins mode.

 

[tanewbie]

Biocon

Biocon cmp 479.90 makes a golden cross with 50 ema crosssing 200ema.
100 ema still marginally below 200 ema.
Also 13 ema below 200ema.
Short term tgts 500+
short term stop 449

Long term tgts 700+
Lt stop loss 390

 

[tanewbie]

Today's fall -could have been foreseen?

Todays' fall came when least expected. The climax was infy bonus meet announcement. That triggered a false sense of bullishness.
The fact ws Nifty and Sensex had run up too much .
In the midst of this sudden bulishness I lost sight of the hourly charts.
The daily charts wil be late by one day in correction buy hourly charts will give a good clue onthe state of the market.
Even a simple macd on hourly charts wud have warned of a good fall. Of course it wont tell when it will happen but......


i am attaching charts of NIFTY, cnxit and Bank nifty. Except Bank nifty which gave macd sell on 7/4 all the remaining indices gave sell well in advance.
In nifty there was -ve divergence too.

So next time donot forget to see hourly charts. I wont at least.

cheers

 

[joy_verma]

Re: Today's fall -could have been foreseen?

Hi,
Nice explaination Tanewbie. Agree with you in all respects though it
was not least expected . In my last post I had mentioned the possibility
of a fall towards 11000 once the target of 11620 was achieved. This
target was not only hit but overshot making the picture overextended.
Agree with you hourly charts are much more sensitive.
Regards,
vinay

 

[Agilent]

Re: Today's fall -could have been foreseen?

Tanewbie..

Not sure if hourly charts wd have helped .... think abt it and u will get it

Look at this link for real time (minute by minute) charts instead ...
http://finance.yahoo.com/q/bc?s=%5EBSESN&t=5d&l=on&z=l&q=l&c=

AGILENT

 

[AJAY]

Re: Today's fall -could have been foreseen?

Hi Agilent,
Can you please be a little bit elaborative. Not able to get what you are trying to hint.
Thanks
AJAY

 

[Agilent]

Re: Today's fall -could have been foreseen?

Hi Agilent,
Can you please be a little bit elaborative. Not able to get what you are trying to hint.
Thanks
AJAY

Its elementary I thought, Ajay,

For day traders, won't a 'real-time' chart be better than an hourly one ..?

The link I gave gives real time charts ... though not MACD ... and may have been better than an hrly chart in giving early signals

Hope its clear

AGILENT

 

[tanewbie]

Srisara-Matrix charts

please comment on matrix charts

 

[bharatk8]

Re: Today's fall -could have been foreseen?

Todays' fall came when least expected. The climax was infy bonus meet announcement. That triggered a false sense of bullishness.
The fact ws Nifty and Sensex had run up too much .
In the midst of this sudden bulishness I lost sight of the hourly charts.
The daily charts wil be late by one day in correction buy hourly charts will give a good clue onthe state of the market.
Even a simple macd on hourly charts wud have warned of a good fall. Of course it wont tell when it will happen but......


i am attaching charts of NIFTY, cnxit and Bank nifty. Except Bank nifty which gave macd sell on 7/4 all the remaining indices gave sell well in advance.
In nifty there was -ve divergence too.

So next time donot forget to see hourly charts. I wont at least.

cheers

hi....good job... liked it....looking forward more contributions from u....all the best