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Post: #76   PostPosted: Tue Jul 27, 2010 9:12 am    Post subject: Reply with quote

NF opened just below BULL-R1 band and almost hit it. Strong resistance here : BULL-R1 + 89 EMA. A break down from here will result in significant move to the downside. For serious buying to come in, NF will have to clear R1 and stay above it.

More later...

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Post: #77   PostPosted: Tue Jul 27, 2010 9:15 am    Post subject: Reply with quote

Kumthekar wrote:
Sounds good. Thanks a lot!

For futures, is there a way to generate average daily volume or is average volume (Screener EOD) for the corresponding stock a good proxy?

When possible, a button for iChart levels or the dashboard (for say top 25 futures) indicating relative price position w.r.t. iChart levels will be a great help.

Thanks again!


Yes, the average volume in screener EOD is actually average 3 month volume, that is what I use in stock selection filters.

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Post: #78   PostPosted: Tue Jul 27, 2010 9:27 am    Post subject: Reply with quote

Watch SAIL....it is breaking out above BULL-R1.

Update: It is unable to clear R1 firmly...will have to watch a close above R1 and a 1-2 bar consolidation above R1 is needed. If it reverses and breaks down below bull then there can be significant downside.

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Post: #79   PostPosted: Tue Jul 27, 2010 9:41 am    Post subject: Reply with quote

SBIN at BULL-R1 resistance. Additionally 89 EMA is just above BULL-R1 which means more resistance around here. Price will have to break above bull-r1 and 89 ema for upmove. On the other hand a break down below bull may result in significant down move.
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Post: #80   PostPosted: Tue Jul 27, 2010 9:52 am    Post subject: Reply with quote

Will post on & off today as I am going to be out of the office for some work...no trades for me today.

Good luck!!!

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Post: #81   PostPosted: Tue Jul 27, 2010 12:24 pm    Post subject: Reply with quote

hi ST sir,
Most of the stocks amazingly bounced off their Bear levels.. seems many big players have also started to trade according to your levels Very Happy
sir, Currently I find HDFC can move up significantly. what would be your opinion.
Thanks,
Dilesh
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Post: #82   PostPosted: Tue Jul 27, 2010 2:03 pm    Post subject: Reply with quote

Hi Srikanth,

There are 2 things here :

1.Icharts levels
2.89 & 34 EMA

In some trades , you are considering 89EMA along with icahrt levels and in some trades you are just considering ichart levels.

How do you make this decision ?
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Post: #83   PostPosted: Tue Jul 27, 2010 2:18 pm    Post subject: Reply with quote

optimist wrote:
Hi Srikanth,

There are 2 things here :

1.Icharts levels
2.89 & 34 EMA

In some trades , you are considering 89EMA along with icahrt levels and in some trades you are just considering ichart levels.

How do you make this decision ?


89 EMA is the key. It is considered without fail if it is nearby one of the key levels where breakout can happen : S1 / R1. If price is already above 89 EMA and R1 is above 89 EMA and we are looking for breakout above R1 then 89 EMA need not be considered as it is not in the way of our trend. Vice versa for shorts.

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Post: #84   PostPosted: Tue Jul 27, 2010 2:48 pm    Post subject: Reply with quote

dilesh wrote:
hi ST sir,
Most of the stocks amazingly bounced off their Bear levels.. seems many big players have also started to trade according to your levels Very Happy
sir, Currently I find HDFC can move up significantly. what would be your opinion.
Thanks,
Dilesh


Very Happy

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Post: #85   PostPosted: Tue Jul 27, 2010 8:07 pm    Post subject: Reply with quote

SwingTrader wrote:


89 EMA is the key. It is considered without fail if it is nearby one of the key levels where breakout can happen : S1 / R1. If price is already above 89 EMA and R1 is above 89 EMA and we are looking for breakout above R1 then 89 EMA need not be considered as it is not in the way of our trend. Vice versa for shorts.


Thanks ST
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Post: #86   PostPosted: Wed Jul 28, 2010 9:26 am    Post subject: Reply with quote

NF has opened between the two bands, waiting for it to take support or hit resistance at one of the bands....will then take action on how it reacts at one of the bands.

Until then looking at stocks....

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Post: #87   PostPosted: Wed Jul 28, 2010 9:45 am    Post subject: Reply with quote

Dear ST Sir,

if 34 & 89 EMA crossover is there and the price is below LOC we can go short there also ?? as in the current scenario of 5 Min TF.

Girish Hanchate
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Post: #88   PostPosted: Wed Jul 28, 2010 9:50 am    Post subject: Reply with quote

Many stocks are in the same boat as NF...hovering between the two bands...just watch for now.

TATASTEEL is bullish. It has bounced off the BULL-R1 band and is also getting supported by 89 EMA.

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Post: #89   PostPosted: Wed Jul 28, 2010 10:54 am    Post subject: Reply with quote

trades4girish wrote:
Dear ST Sir,

if 34 & 89 EMA crossover is there and the price is below LOC we can go short there also ?? as in the current scenario of 5 Min TF.

Girish Hanchate


Yes, it should be fine...the only thing to keep in mind is that there could be strong support at BEAR-S1...that is the place to watch, if the price continues to fall from BEAR-S1 then you have a good trade.

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Post: #90   PostPosted: Wed Jul 28, 2010 10:55 am    Post subject: Reply with quote

I will not be able to post for today as I am out on personal work. Will post later in the evening.

Good luck to you all.

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