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Examples (Aug 2010)
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Author Examples (Aug 2010)
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Post: #1   PostPosted: Mon Aug 02, 2010 9:05 am    Post subject: Examples (Aug 2010) Reply with quote

From now I am planning to have one topic (thread) per month for examples so searching stuff is easier...for August I will post examples in this thread.

NF opened just above R1. Look for support here if price is to rally beyond R1. A drop below BULL can be sideways to bearish.

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Post: #2   PostPosted: Mon Aug 02, 2010 9:11 am    Post subject: Reply with quote

Watch the price action around BULL-R1 band. Most scrips this morning are near R1, so what happens around here will decide the near term action today.
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diwakar
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Post: #3   PostPosted: Mon Aug 02, 2010 9:27 am    Post subject: Axisbank Reply with quote

ST,

Axisbank reversing from Bull-R1 Band... But 50 EMA supporting it... Cant move below LOC...

How will be the move....?

Awaiting for your view...

Regards,
Diwakar R.
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Post: #4   PostPosted: Mon Aug 02, 2010 9:27 am    Post subject: Reply with quote

If NF continues down into the BULL-R1 band, there can be significant support around BULL level as both 34 & 89 EMAs are also there.
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Post: #5   PostPosted: Mon Aug 02, 2010 9:30 am    Post subject: Axisbank -1M Reply with quote

Dear ST,

Axisbank-1M reversing from Bull-R1 band... 50EMA supporting it and cant move below LOC...

How will the move....?

Awaiting for your views....

Regards,
Diwakar R.
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Post: #6   PostPosted: Mon Aug 02, 2010 9:33 am    Post subject: Re: Axisbank -1M Reply with quote

diwakar wrote:
Dear ST,

Axisbank-1M reversing from Bull-R1 band... 50EMA supporting it and cant move below LOC...

How will the move....?

Awaiting for your views....

Regards,
Diwakar R.


Watch for a break below LOC...only then it is bearish. In such cases watch Axis bank CASH scrip for clues (chart attached here). Cash is currently in BULL-R1 band...so a break in cash below BULL can trigger a fall in fut below MAs & LOC.

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Post: #7   PostPosted: Mon Aug 02, 2010 9:44 am    Post subject: Reply with quote

hi ST sir,
GM.. Is Aban looking good to short with a SL above R1?

Thanks,
Dilesh
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Post: #8   PostPosted: Mon Aug 02, 2010 9:49 am    Post subject: Reply with quote

dilesh wrote:
hi ST sir,
GM.. Is Aban looking good to short with a SL above R1?

Thanks,
Dilesh


Yes, it looks like a good short at the moment. The 34/89 EMAs along with BULL-R1 band will provide additional resistance if price rallies from here.

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Post: #9   PostPosted: Mon Aug 02, 2010 9:52 am    Post subject: Reply with quote

One clarification for diwakar for AXISBANK-1M. The only reason why I said it was bearish below LOC was the SMA support to price. A break below LOC was for confirmation. In any case a break below BULL is enough reason to short if price has hit BULL-R1 resistance before.
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Post: #10   PostPosted: Mon Aug 02, 2010 10:05 am    Post subject: Reply with quote

ST Sir : Is it now advisable to go long in NF as even 34 & 89 ema is giving crossover and NF is above R1? What u suggest ??
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Post: #11   PostPosted: Mon Aug 02, 2010 10:08 am    Post subject: Axisbank-1m Reply with quote

SwingTrader wrote:
One clarification for diwakar for AXISBANK-1M. The only reason why I said it was bearish below LOC was the SMA support to price. A break below LOC was for confirmation. In any case a break below BULL is enough reason to short if price has hit BULL-R1 resistance before.


Dear ST

Thank you very much for your immediate response...

Price broke below LOC... And it is found support in LOC-BEAR band...

Now Moving above LOC.... Hope the EMA would resist it...

My sl is above ema... Lets wait and watch...

Regards,
Diwakar R.
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Post: #12   PostPosted: Mon Aug 02, 2010 10:15 am    Post subject: Reply with quote

trades4girish wrote:
ST Sir : Is it now advisable to go long in NF as even 34 & 89 ema is giving crossover and NF is above R1? What u suggest ??


It is fine as long as your SL is just below BULL level. Also, I would like to go long on a strong upside bar (confirming the upside strength)....otherwise currently it looks more like a sideways move. The bias, of course, is bullish.

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Post: #13   PostPosted: Mon Aug 02, 2010 10:37 am    Post subject: Reply with quote

ST sir,
Thanks for your guidance for Aban.
Would you also consider Sunpharma & Educomp Bearish as of now?
I think Educomp should break 89 ema to confirm

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Post: #14   PostPosted: Mon Aug 02, 2010 10:45 am    Post subject: Reply with quote

dilesh wrote:
ST sir,
Thanks for your guidance for Aban.
Would you also consider Sunpharma & Educomp Bearish as of now?
I think Educomp should break 89 ema to confirm

Regards,
Dilesh


SUNPHARMA is bearish. EDUCOMP has broken down below BULL but both EMAs are just below it so, as you rightly said, a break below LOC is necessary to confirm short.

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Post: #15   PostPosted: Mon Aug 02, 2010 11:59 am    Post subject: Reply with quote

Strong moves above BULL-R1:

ADANIENT, BHARTIARTL, HDIL, ICICIBANK, ORBITCORP, SBIN

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