DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.
Thursday, November 24, 2011
NIFTY CUP AND HANDLE PATTERN IN MAKING ?
DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.
Wednesday, November 23, 2011
FOLLOW UP LT
On http://kolhapuritrader.blogspot.com/2011/10/larsen-toubro-l-view.html 27 Oct. it has been mentioned that, " As shown in chart 2 above there is positive divergence, so in short term looks like it will target 1400-1450-1500." After making high of 1429 on 31 Oct it reverted back.
Also in the same post it has been mentioned that " So from above chart it is clear that LT made HEAD N SHOULDER PATTERN on weekly chart, and broken down the neck line on 23/9/11 (weekly closing basis). The target for this pattern comes to be 1200. So looks like it will fall to 1200." Today it made low of 1182.50 and closed at 1189.25 thus long term target of head and shoulder pattern reached.
Now it may try to fill the ELECTION GAP created on 18 may 2009
DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.
Also in the same post it has been mentioned that " So from above chart it is clear that LT made HEAD N SHOULDER PATTERN on weekly chart, and broken down the neck line on 23/9/11 (weekly closing basis). The target for this pattern comes to be 1200. So looks like it will fall to 1200." Today it made low of 1182.50 and closed at 1189.25 thus long term target of head and shoulder pattern reached.
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| LT GAP |
DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.
FOLLOW UP NIFTY AT SUPPORT
On 21 Nov. in this post it has been mentioned that " Also note that if 4700 is taken out as shown in below chart the long term trend line around 4650 may also try to give support." Now see the result as shown in the chart today after breaking 4700, nifty within matter of 10 minutes crashed up to 4640, taken support there and reverse back. This is not coincidence this is power of technical analysis, u can predict future price movements with chart readings.
Now if 4640 is taken out, it may fall up to 4450-4500. For any up-move 4720-30 will act as resistance.
CAUTION : TOMORROW IS EXPIRY DAY SO NIFTY MAY CLOSE ABOVE 4700 AS PER OPTION DATA ( HIGHEST OPEN INTEREST IN 4700 PUT). AND SINCE IT HAS TAKEN SUPPORT AT LONG TERM TREND LINE IT MAY TRY TO REVERT FROM HERE AND MAY START UP MOVE, AS OF NOW THIS LOOKS VERY REMOTE POSSIBILITY, BUT MARKET MAY TRAP MOST OF PEOPLE ON WRONG SIDE AND MAY MOVE IN OPPOSITE DIRECTION. THIS IS TIME TO BE VERY CAUTIOUS, STICK TO YOUR TRADING PLANS AND BE READY TO CHANGE YOUR VIEWS IF PRICE MOVEMENT SUGGESTS.
DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.
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| LONG TERM TREND LINE ON WEEKLY CHART. |
CAUTION : TOMORROW IS EXPIRY DAY SO NIFTY MAY CLOSE ABOVE 4700 AS PER OPTION DATA ( HIGHEST OPEN INTEREST IN 4700 PUT). AND SINCE IT HAS TAKEN SUPPORT AT LONG TERM TREND LINE IT MAY TRY TO REVERT FROM HERE AND MAY START UP MOVE, AS OF NOW THIS LOOKS VERY REMOTE POSSIBILITY, BUT MARKET MAY TRAP MOST OF PEOPLE ON WRONG SIDE AND MAY MOVE IN OPPOSITE DIRECTION. THIS IS TIME TO BE VERY CAUTIOUS, STICK TO YOUR TRADING PLANS AND BE READY TO CHANGE YOUR VIEWS IF PRICE MOVEMENT SUGGESTS.
DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.
Tuesday, November 22, 2011
NSE PAATHSHAALA -- पाठशाला
Those who are interested to learn trading without using a single pai, can use this link from national stock exchange - http://www.nseindia.com/NP/nse_paathshaala.htm
Here after registering each user account shall be provided Rs. 5,00,000 as virtual cash, i.e. paper money. Instead of using real money u can use this money for trading / investing and u can analyze your own results.
Here is link for help page for "HOW TO TRADE" http://www.nseindia.com/NP/how_to_trade_paathshaala1.1.pdf
Here u can get information regarding what is meant by market order, limit order? And various other terminology also can learn to put orders on your own via internet. So start learning.
HAPPY LEARNING!
Here after registering each user account shall be provided Rs. 5,00,000 as virtual cash, i.e. paper money. Instead of using real money u can use this money for trading / investing and u can analyze your own results.
Here is link for help page for "HOW TO TRADE" http://www.nseindia.com/NP/how_to_trade_paathshaala1.1.pdf
Here u can get information regarding what is meant by market order, limit order? And various other terminology also can learn to put orders on your own via internet. So start learning.
HAPPY LEARNING!
Monday, November 21, 2011
NIFTY NEAR SUPPORT
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| NIFTY : WEEKLY CHART |
Also note that if 4700 is taken out as shown in below chart the long term trend line around 4650 may also try to give support.
DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.
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