My System - My trades.

[varunkochhar]

If the SL is safe the targets could be 9390+160 = 9550. ( I do not trade Nifty. Pls do your due diligence before entering any trade). (160 points is the rise from last retrace so if we get a similar rise the targets have been calculated accordingly). And if Nifty was to reach those levels then my favourite at the moment Reliance should also not be far behind. My targets for Reliance for this year is around 1650 and 3000 in the next 5-7 years. (No basis for these 2 targets just a 3figure sL)

 

[varunkochhar]

In Maruti the LV bar has a close of 6733.8 (Though the OBV closed above these levels) so long above this level and short below these levels(if OBV also comes down).

 

[varunkochhar]

Just try joining the dots (the closing price of LV bars across days and you would just marvel at how good trend lines you have got). Just give it a try and see for yourself.

 

[varunkochhar]

ST ji try it once on your favourite stock. (It may be time consuming but beleive me it will be worth it). I tried it on Maruti, and it gave almost perfect levels for rentry after a retracement. This has made me beleive that these LV bars are not really random but they are following a pattern.

 

[varunkochhar]

This is Maruti's 1min. charts in compressed form with the thick Yellow line as the line joining the price at LV bars.

 

[Smart_trade]

I tried on HDFC bank.Also Maruti May futures...seems to be working well.

Are you joining lowest volumes bars of each day ? Meaning 1 bar every day ?

ST

 

[varunkochhar]

We are up 10% from there.

 

[varunkochhar]

I tried on HDFC bank.Also Maruti May futures...seems to be working well.

Are you joining lowest volumes bars of each day ? Meaning 1 bar every day ?

ST

Yes ST ji Only one bar (The lowest volume bar of the day) per day.

 

[varunkochhar]

These lines provide good support and resistance levels just like a trendline. I have requested Rohit ji aka Extremist ji to automate this joining of points too to save a lot of time. Thanks in advance.

 

[varunkochhar]

In BN if we go above 22680/85 and friday's low is protected then we may reach 23200 by the next 2 weekly expiries.