Trading with PT style

[findvikas]

Vikas/Pravin,

Looking at the 30 minute chart, do I see a hammer on candle-stick?
Also, in stochastic, %K is crossing over %D.

Technically, don't you all feel that this might be a bullish sign?

Rajiv

It was an inside bar.. the bearish candle's body was completely inside the bullish candle's body one below it.. the next bar can only confirm the trend.

I think its bearish and 4865 will be retested... (the lowest point of bullish candle)

 

[praveen taneja]

Vikas/Pravin,

Looking at the 30 minute chart, do I see a hammer on candle-stick?
Also, in stochastic, %K is crossing over %D.

Technically, don't you all feel that this might be a bullish sign?

Rajiv

Tech nikal ly i know nothing keeping eye on RIL only:thumb:

 

[findvikas]

Tech nikal ly i know nothing keeping eye on RIL only:thumb:

Ditto! ...I dont see any hope of recovery today, US is in holiday mood and all they can do in such situation is pulling out money as they have another 2 week's holiday coming up in december... December can go only bad and not better if I look at past 10 years where December usually sell off around or before Christmas

 

[findvikas]

Rajiv, actually I didnt paid much attention as you said its hammer but it was not a hammer but hanging man.. both looks same but body was above the shadow which makes it a hanging man.. which is quite bearish in itself. next bar if open below the body then it confirms the bearishness which happened and now so far it is a bearish hammer...

as I was typing I realized that it did retest 4870 levels.. and 4865 is no way far ...

 

[praveen taneja]

yes actually all over world it is looking now that its indian which are fundamentally good and solid so that money can come to india till now RIL holding 1025 below that blood bath keeping eye on 990 put too lets see

 

[trade4putuval]

Rajiv, actually I didnt paid much attention as you said its hammer but it was not a hammer but hanging man.. both looks same but body was above the shadow which makes it a hanging man.. which is quite bearish in itself. next bar if open below the body then it confirms the bearishness which happened and now so far it is a bearish hammer...

as I was typing I realized that it did retest 4870 levels.. and 4865 is no way far ...

I hope we are looking at the same chart. See the encircled part and let me know if we are in sync.

 

[praveen taneja]

picking up sl of all at 4965 now again up still to enter any trade waiting for a good trade in RIL

 

[findvikas]

I hope we are looking at the same chart. See the encircled part and let me know if we are in sync.

I am looking at AmiBroker but the chart is similar.. look at the white 3rd bar which was a hanging man where it opened quite high.. but bears took it quite deep only bulls managed to close it near the open level... next bar usually are in favor of bears as they pull it back from bulls and take charge...

errr... what we are doing? technicals.. sorry brother this thread means no technicals

 

[raj001]

shorts already got trapped and now its the turn of longs........... ajab mkt ki gajab kahani.. director... fiis.. ha ha

huhhh.. long also trapped..... dubai bubble lets see mkt doubles or bubbles.. ha ha

 

[trade4putuval]

I am looking at AmiBroker but the chart is similar.. look at the white 3rd bar which was a hanging man where it opened quite high.. but bears took it quite deep only bulls managed to close it near the open level... next bar usually are in favor of bears as they pull it back from bulls and take charge...

errr... what we are doing? technicals.. sorry brother this thread means no technicals

Sorry Praveen, no repeats in technicals here. I will post technicals in Vikas's thread.

Rajiv