Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
78 comments:
"CAMLIN" pencils are good to write ??? @ 35.
"
rochak said...
GUYS, watch out for HDIL and BEL on DIPS towards 228-225 and 1710-1690 next week, they might ready for a fire now, next week only, dont jump now
June 11, 2010 2:01 PM
rochak said...
in HDIL i meant that, only if crosses 237 today on trading basis, then only go for it next week around 223-228 levels, rest BEL is a sure shot buy next week between 1710-1690
June 11, 2010 2:06 PM
"
This is how i looked @ bel on june 11 th
Link - http://tradeinniftyonly.blogspot.com/2010/06/nifty-intraday-update-ii_11.html
just as to make sure that my too small a efforts are not going un noticed.
thanks
regards
rajgopal
your buy sseems on higher side
since being a stationary trader ( regular profession ), our buy purchase for camling pencils is only 3 rs/pencil, that too with a free eraser & sharpner on purchase of 10 pencil pack
what say
@ rochak,
"No effort is too small" and they always make a difference to someone.
Rest assured of this truth.
The camlin story is being re-written. Pre-Schools is the new buzzword. Negative for street corner mom and daughter operations and cough syrups?
post G20, nothing much to impress the markets
- http://online.wsj.com/article/BT-CO-20100628-701203.html
CAMLIN - my first buy was @ 24.10 next was 31.40 now 35. Depends whether we are looking at the pencil or the maker. Just thought of sharing.(all in the past 1 week only).
i lango sir
ur encouragement is too invaluable, i hope u r always around me to monitor.
thanks
regards
Hai everyone
While analysing a stock consider looking at important candlestick formations. For example the oil stocks gave a break out last week after the news. But look at the dragon fly candlestick formation in April. Smart money has entered these stocks very early. I am posting the chart here
http://niftychartsandpatterns.blogspot.com/2010/06/dragonfly-doji-in-oil-stocks.html
Thank you
rajgopal
u caught on the wrong foot
i was neither looking @ pencil or a maker but humour
regards
San - good one. pls advise - after each DF, the next two candles are at higher points? Is it a norm?
"Smart money has entered these stocks very early" - I remember posting "KP the banned trader was reported to be back and taking huge LONGs in these counters,claiming prior info on price raise.
rp - I smiled - just my vintage. But still look at the counter from TA perspective. May help. Few huge LONGs are happening.Some news expected?
good afternoon to all
i have nifty short at 5282
bank nifty at 9480
and gail at 478
at what level i should exit
Thanks in advance
June 28, 2010 12:31 PM
Raja Sir
For any candlestick formations the follow up of price is very important. So after the formation of Dragon fly candle the following candles should be positive ones indicating real buying in the stock or the index.
@RG,
Whatever may be the “E-education” revolution, pencils have never lost charm with today’s children..whenever I take my daughter for shopping, she used to pick-up bunch of pencils :)
So, camlin is worth a buy fundamentally.. :)
Read this on lighter sider…no technicals pls…
@ rajapaji
KP the banned trader was reported to be back and taking huge LONGs in these counters,claiming prior info on price raise.
Who is "KP"....Kirit Parikh or Ketan Parekh...or both!!
@rochak parekh
Can you shed some light on above question!!
:))
@rajgopal
from my side , may be stationary season is on, this quarter smarter no. s are gonna reflected
hence bouncing
but nooresh also mentioned it a week ago for a medium term target of 38 ( almost achieved in very short term )
I think its not bad to put a chunk of ur capital to put in seasonal bets
like
1. fertilizer & chemicals - before budget & then before mansoon
2. cement shares - during mansoon for after mansoon effects
3. railway infra scrips - new year scrips( before railway budget )
4. paper mills related scrips - during jan-feb
5. paints industries - before ganesh chaturthi for a after dussehra-dipawali effect.
6. - other friends may suggest such kind of more moves
Only for Intra day traders:
13min/ 55min combo gave a fast rise indication at 12.00+.
Now, 13 min/ 200 min combo suggests of a fast fall.
Break of 5300 may do the trick.
@RG,
CAMLIN-----A case of "Ear to the Ground" by James Hadley Chase? :-) Do share sooner so taht our entry can be at a lower range.
Expecting very strong qtrly result from CAMLIN.
may be 'The Best' in the history of camlin.
good fundamentals with strong growth in bottomline in last few years.
NS struggles to get past HHema, while NF counters VAH !
Anuj - the FAN (!).(rp bcoz of P or B?)
==
rp - very nice sector selection.
Thanks Rochak for mentioning about seasonality in stock
Dear @San!
Its very easy to show so many patterns on charts after the event but they may not benefit traders. One can view probability on basis of chart with stop loss bcoz that pattern may fail too. Secondly Dragonfly doji don't have any body so HPCL made a hammer not dragonfly doji.
Rgrds,
KUMAR
Rochak
They also gave a very fine Doji on Monday after which the stock has rallied
DOJIS are very important trend reversal signals. If you look at Nifty spot it has given a doji on Thursday after a rally.
sir...13 & 55 combi already gave a Fast sell at 12.51 pm ??!!
manojag - source is the same one who told last month about RCOM-GTL. I lost a bundle on GTL since the news was delayed. Hence the wariness. The SWORDS scare salutes.
Looks like an increase in volatility... may be preparing for a fall.
Good afternoon Ilango sir and all,
Sir, can you put up the chart indicating fast rise and fast fall?
Kumar,
San’s charts will really help traders who are at initial stage..He really does great work with current markets which are easy to grasp quickly rather than searching the patterns on text books..
@ rajapaji
what do you mean by this..."Anuj - the FAN (!).(rp bcoz of P or B?)"
Please explain to the lesser mortal!
Sometime understanding your statements is difficult than ilango's EW charts!
:))
@ Ka,
I have uploaded the intra charts for more clarity.
RG's language is from an alien world.:)
@rajgopal,
are u mentioning about aniruddh sethi
LOL@anuj
Thanks for the charts sir
I LANGO SIR
i hope someday u r gonna review the put up of " word verification "on the blog
@ Rochak,
"Have it easy" Now. :)
Anuj - can't believe u can't play a doosra !
"Anuj - the FAN (!).(rp bcoz of P or B?)"
Fan - Khetan.
rp bcoz of P or B?) - is it bcos he is parekh or Banned?
(now rp - it is humour only).
Yoda said...
RG's language is from an alien world.:
ANIMAL LANGUAGE IS ALIEN TO MAN Yoda !!!
Bow bow bow(go Short)...ku kuuuuuuu...(go Long)
@i lango sir
dont mind it sir
but word verification suits only those blogs who have few comments throughout the day, not on your blog which has comments every minute if not every second.
sorry if i felt offensive
regards
gosh, even after you've explained it word to word I wish someone would translate, rg. lol. You are complex.:D
Is it bow or ku for today, lion?
@rochak,
I'm hoping it is for a few days too.:)
oh, it's already off, yay!
Yoda - the starting point is Anuj's post above.
thank you sir...sorry for making you to re-visit that !
yes, its a struggle since morning to refresh or post a comment !
regards
@i lango sir
*if i sounded offensive
who'd have guessed your mind would link Kethan with Khaitan, rg? lol
grrrrrrr....grrrrrrrrrrrr
(Lion is sleeping-digesting silver soaked in crude oil).
@ Rochak,
Not at all.
I meant - Have it easy from now on to post in comments.
@yoda
gosh, even after you've explained it word to word I wish someone would translate, rg. lol. You are complex.:D
yes...I am still equally confused...but now wondering what he means by this
"(Lion is sleeping-digesting silver soaked in crude oil)"
RG's Commodity trading positions...long or short no idea
OT...
S&P tech table updated...
http://safegamble.blogspot.com/2010/06/s-tech-table_28.html
-- gd
Hai everyone
One humble request if you feel my posts are not useful kindly ignore them.
@assort7
Thanks for your comments
@Kumar
About the dragon fly doji i never claimed it as my invention. they are there for everyone to see. I said while analysing the stock look for dragon fly doji in month chart. If that is not useful for you, you can ignore that as well.
Thank you
@ rajapaji
even the lion seems alien too...surviving on silver and crude
I thought "the lion" loves "goats"(@ marriage or butcher shop)
lol, me too, Anuj. I'm afraid to ask though - it would start a chain reaction of wonder.:D
Ok Anuj and Yoda. Going forward to avoid confusion I will post only in TAMIL so that you both will get the message clearer.
(Anuj - Comm Long positions only).
For Intradayers:
Another fast rise set up is emerging with 13 min + 55 min combo.
@rg, I dunno tamil, but I'm sure Anuj will follow.:)
hi Ilango sir
i am short nifty ard 5300 (fut) can i exit now as u mention fast rise
plz reply
thanks
@ Vijay,
These are for scalpers with an intraday range of just 30 points on the extremes.
A move past "5335" should compel you to close the shorts. In the next fall, the shorts should be closed.
@rg
Difficult to ignore your comments..Over the weekend you were saying something in Tamil with trading
related statements...I was curious to know about that...but thought to give you a breather coz of weekend
yes sir
Thank u
San
One humble request
Kindly keep your efforts on. This is from one of us who is learning from your charts. Have a look at Idea and Ashok Leyland at leisure.
"5312" NS seems to be the hourly hurdle. Cross will give good benefit.
Anuj - those were film songs by Poet Kannadasan that seem to apply to market. Like
I am going LONG : "Chahae koi mujae Jangli kahaen" or
"mujae duniya walae sharabhi na samajo"
@Raja Sir
Will look at those charts after closing.
Thank you
San
Your charts are very easy to follow and very informative. I have always found them to be very useful.
Sundar
@ San,
My critic has always liked your charts very much and she finds it very easy to read and grasp the markets as "Sundar" has put it.
Take "Kumar's" comments as constructive one.
Lack of time and not being consistent has deprived me of very good trade set ups in the past. I used to wake up to the developments too late..Continue with your best efforts.
@rg
I am going LONG : "Chahae koi mujae Jangli kahaen" or
"mujae duniya walae sharabhi na samajo"
ha ha...
@all
now you should know the real reason why I didn't ask for explaination!!
Ilango sir
5335 nifty fut or spot ? ( i am short nifty @ 5300 )plz rply
vijay
until unless mentioned..consider SPOT
i believe sofar your shorts are saved :)
Thanks Ilango sir and Sundar for your comments. and Sir Please Convey one special thanks to your critic as well.
assortZ
yes sir
where i shall cover it plz
NEW UPDATE DONE.
= = = = = == = = = = == = = == =
14-rsi has given a break out indication.
Vijay,
It depends on your time frame..if it is for intraday..then sir has advised to cover it @5335 spot..
Dear ILango sir!
Thanx for ur comments, actually my main msg was that "every learner must know the basic difference between a Dragonfly doji & hammer" and that was a hammer.
Rgrds,
KUMAR
@ sir,
Can long Nifty With SL @ DHEMA
kk
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