Re: Maruti
Visit www.chartink.com. Set the ichimoku, 3ema and 15ema settings. Read my post and view the charts.:thumb:
Visit www.chartink.com. Set the ichimoku, 3ema and 15ema settings. Read my post and view the charts.:thumb:
Diary of a 315 Trader
- Thread starter trade4putuval
- Start date
- Tags fibo levels ichimoku smc swing trade
Jindal Steel
Daily
Jindal Steel doesnt look very convincing to trade, but looking at the trend, it seems there is more downside to Jindal than upside. But maintain strict stop loss for this stock.
315:
3ema is below 15ema, which means bearish trend intact. Yesterday the price bounced back from 15 ema.
15ema in 30 mins stands 385.1. This should be the entry price.
Ichimoku:
Cloud has formed a tough resistance for the price to break. Tenken also proved to be a resistance for the price yesterday. So if the price breaks the cloud, we exit the trend or reverse the trend.
Patterns
Line drawn along the previous highs shows that yesterday the price touches the resistance line and fell!
Weekly
Weekly shows the continuation of downtrend to form a double bottom.
315:
3ema is below 15ema, which means bearish trend intact. There was an attempt of 3ema going above 15 ema, but it fell back below the line the following week.
Ichimoku:
Tenken stood as a resistance for the price, and the stock never managed to cross this price indicating further downside. If you look at the recent upside from the weekly lows, it met with resistance at kijun from where the stock came down.
Patterns
No patterns
Monthly
Monthly shows sign of starting a new red candle, but it is too early to say (this is only the beginning of the month).
315:
Nothing to infer here.
Ichimoku:
Tenken is in the opposite direction, so there is a possibility of price reversal towards tenken, 492.2, but this would mean re-entry into the cloud. If re-entry happens, then the trend will change to long. Probability is low because there was an attempt to enter the cloud, which failed and the price has come out of the cloud again.
Patterns
Start of the bearish candle this month. Target 326, this is the price touching the support line drawn from the previous two lows!
Daily
Jindal Steel doesnt look very convincing to trade, but looking at the trend, it seems there is more downside to Jindal than upside. But maintain strict stop loss for this stock.
315:
3ema is below 15ema, which means bearish trend intact. Yesterday the price bounced back from 15 ema.
15ema in 30 mins stands 385.1. This should be the entry price.
Ichimoku:
Cloud has formed a tough resistance for the price to break. Tenken also proved to be a resistance for the price yesterday. So if the price breaks the cloud, we exit the trend or reverse the trend.
Patterns
Line drawn along the previous highs shows that yesterday the price touches the resistance line and fell!
Weekly
Weekly shows the continuation of downtrend to form a double bottom.
315:
3ema is below 15ema, which means bearish trend intact. There was an attempt of 3ema going above 15 ema, but it fell back below the line the following week.
Ichimoku:
Tenken stood as a resistance for the price, and the stock never managed to cross this price indicating further downside. If you look at the recent upside from the weekly lows, it met with resistance at kijun from where the stock came down.
Patterns
No patterns
Monthly
Monthly shows sign of starting a new red candle, but it is too early to say (this is only the beginning of the month).
315:
Nothing to infer here.
Ichimoku:
Tenken is in the opposite direction, so there is a possibility of price reversal towards tenken, 492.2, but this would mean re-entry into the cloud. If re-entry happens, then the trend will change to long. Probability is low because there was an attempt to enter the cloud, which failed and the price has come out of the cloud again.
Patterns
Start of the bearish candle this month. Target 326, this is the price touching the support line drawn from the previous two lows!
Re: Jindal Steel
Good Details
Daily
Jindal Steel doesnt look very convincing to trade, but looking at the trend, it seems there is more downside to Jindal than upside. But maintain strict stop loss for this stock.
315:
3ema is below 15ema, which means bearish trend intact. Yesterday the price bounced back from 15 ema.
15ema in 30 mins stands 385.1. This should be the entry price.
Ichimoku:
Cloud has formed a tough resistance for the price to break. Tenken also proved to be a resistance for the price yesterday. So if the price breaks the cloud, we exit the trend or reverse the trend.
Patterns
Line drawn along the previous highs shows that yesterday the price touches the resistance line and fell!
Weekly
Weekly shows the continuation of downtrend to form a double bottom.
315:
3ema is below 15ema, which means bearish trend intact. There was an attempt of 3ema going above 15 ema, but it fell back below the line the following week.
Ichimoku:
Tenken stood as a resistance for the price, and the stock never managed to cross this price indicating further downside. If you look at the recent upside from the weekly lows, it met with resistance at kijun from where the stock came down.
Patterns
No patterns
Monthly
Monthly shows sign of starting a new red candle, but it is too early to say (this is only the beginning of the month).
315:
Nothing to infer here.
Ichimoku:
Tenken is in the opposite direction, so there is a possibility of price reversal towards tenken, 492.2, but this would mean re-entry into the cloud. If re-entry happens, then the trend will change to long. Probability is low because there was an attempt to enter the cloud, which failed and the price has come out of the cloud again.
Patterns
Start of the bearish candle this month. Target 326, this is the price touching the support line drawn from the previous two lows!
Good Details
Daily
Jindal Steel doesnt look very convincing to trade, but looking at the trend, it seems there is more downside to Jindal than upside. But maintain strict stop loss for this stock.
315:
3ema is below 15ema, which means bearish trend intact. Yesterday the price bounced back from 15 ema.
15ema in 30 mins stands 385.1. This should be the entry price.
Ichimoku:
Cloud has formed a tough resistance for the price to break. Tenken also proved to be a resistance for the price yesterday. So if the price breaks the cloud, we exit the trend or reverse the trend.
Patterns
Line drawn along the previous highs shows that yesterday the price touches the resistance line and fell!
Weekly
Weekly shows the continuation of downtrend to form a double bottom.
315:
3ema is below 15ema, which means bearish trend intact. There was an attempt of 3ema going above 15 ema, but it fell back below the line the following week.
Ichimoku:
Tenken stood as a resistance for the price, and the stock never managed to cross this price indicating further downside. If you look at the recent upside from the weekly lows, it met with resistance at kijun from where the stock came down.
Patterns
No patterns
Monthly
Monthly shows sign of starting a new red candle, but it is too early to say (this is only the beginning of the month).
315:
Nothing to infer here.
Ichimoku:
Tenken is in the opposite direction, so there is a possibility of price reversal towards tenken, 492.2, but this would mean re-entry into the cloud. If re-entry happens, then the trend will change to long. Probability is low because there was an attempt to enter the cloud, which failed and the price has come out of the cloud again.
Patterns
Start of the bearish candle this month. Target 326, this is the price touching the support line drawn from the previous two lows!
Re: Jindal Steel
Daily
Jindal Steel doesnt look very convincing to trade, but looking at the trend, it seems there is more downside to Jindal than upside. But maintain strict stop loss for this stock.
...
15ema in 30 mins stands 385.1. This should be the entry price.
...
Don't know if anybody could make a short entry! High was 385, and low made of 375.7, but this also coincides with a small double bottom near 371.3. Be careful with Jindal!
Daily
Jindal Steel doesnt look very convincing to trade, but looking at the trend, it seems there is more downside to Jindal than upside. But maintain strict stop loss for this stock.
...
15ema in 30 mins stands 385.1. This should be the entry price.
...
Re: Ambuja Cements
Daily
Ambuja Cements was supposed to be a short position from last Thursday. In fact, I had a position in the stock on Thursday, which I covered yesterday. I will re-enter again at a slightly higher price from yesterday's close.
315:
...
15ema in 30 mins stands 215.5. This should be the entry price.
Ichimoku:
Tenken stands at 209.90. This is the short term target. If the price touches this on Monday morning, this will change to a wait and watch, since tenken always serves as a short term support. If tenken is taken down, kijun stands at 199, which serves as a strong support. This is also in line with the medium term support lines drawn from 11th October 2012.
Patterns
Lower High Lower Low: Indicates the change of trend.
Weekly
Weekly shows a double top formation already completed.
...
Ichimoku:
Tenken stands at 199, which coincides with the Kijun of daily. This again indicates a strong support for the stock.
Patterns
RSI: Overbought and almost double top formation.[/FONT]
Monthly
Monthly shows the two month candle trying to take out the top, 222.4, which failed.
...
Patterns
RSI: Overbought[/FONT]
High made at 216.3 which means many would have got to enter shorts at 30 mins 15 ema.
Also 15 ema in daily touched. Now this could be a bounceback for the stock. Weekly and monthly overbought signs not helping here! However chikou span has cut below the price action, indicating bearishness.
Should we go for 199
, let's see!!!
Daily
Ambuja Cements was supposed to be a short position from last Thursday. In fact, I had a position in the stock on Thursday, which I covered yesterday. I will re-enter again at a slightly higher price from yesterday's close.
315:
...
15ema in 30 mins stands 215.5. This should be the entry price.
Ichimoku:
Tenken stands at 209.90. This is the short term target. If the price touches this on Monday morning, this will change to a wait and watch, since tenken always serves as a short term support. If tenken is taken down, kijun stands at 199, which serves as a strong support. This is also in line with the medium term support lines drawn from 11th October 2012.
Patterns
Lower High Lower Low: Indicates the change of trend.
Weekly
Weekly shows a double top formation already completed.
...
Ichimoku:
Tenken stands at 199, which coincides with the Kijun of daily. This again indicates a strong support for the stock.
Patterns
RSI: Overbought and almost double top formation.[/FONT]
Monthly
Monthly shows the two month candle trying to take out the top, 222.4, which failed.
...
Patterns
RSI: Overbought[/FONT]
Also 15 ema in daily touched. Now this could be a bounceback for the stock. Weekly and monthly overbought signs not helping here! However chikou span has cut below the price action, indicating bearishness.
Should we go for 199
, let's see!!!
Re: Asian Paints
Daily
Asian paints on an unexpected day rose from 3800 to 4200 in a single day, though it managed to return back to the same price next day. But whenever a spike like this happens, it is an indication that the future price of this stock is bound to touch the spike high. This spike happened in May 2012, and it got touched again last week.
315:
...
15ema in 30 mins stands 4141. This should be the entry price.
Ichimoku:
Tenken stands at 4020. This is the short term target. ... If tenken is taken down, kijun stands at 3983, which serves as a strong support.
Patterns
Bearish Harami: Indicates the change of trend.
Weekly
Weekly shows a double top formation already completed.
...
Patterns
RSI: Overbought and almost double top formation.[/FONT]
Monthly
Monthly shows the double top formation.
...
[/FONT]
Entered shorts at 4149 and exited at 4115 being an intraday trader (Utilizing intraday double margin for other stock trades too). Will reenter between 4110 and 4120 for target of 4020 or whatever price it is, in intraday.
Daily
Asian paints on an unexpected day rose from 3800 to 4200 in a single day, though it managed to return back to the same price next day. But whenever a spike like this happens, it is an indication that the future price of this stock is bound to touch the spike high. This spike happened in May 2012, and it got touched again last week.
315:
...
15ema in 30 mins stands 4141. This should be the entry price.
Ichimoku:
Tenken stands at 4020. This is the short term target. ... If tenken is taken down, kijun stands at 3983, which serves as a strong support.
Patterns
Bearish Harami: Indicates the change of trend.
Weekly
Weekly shows a double top formation already completed.
...
Patterns
RSI: Overbought and almost double top formation.[/FONT]
Monthly
Monthly shows the double top formation.
...
[/FONT]
Re: Maruti
Daily
Maruti is overheating in all the charts. A plateau is being formed at the top, which indicates a short term downtrend is due.
...
15ema in 30 mins stands 1465. This should be the entry price, but looking at 30 mins, it looks like we can get 1470 again.
Ichimoku:
Tenken stands at 1412. This is the short term target. Kijun is flat which means the price action (current price) has to touch tenken sen. Kijun also stands at this price. Tenken - Kijun crossover indicates the bullish or bearish trend. If tenken goes below Kijun, this stands the bearish phase for this stock.
..
Weekly
Weekly shows a doji after a long green candle.
315:
3ema is still above 15ema, which means bullish trend intact. But the candle has left 3ema, 1439. So the price has to come down to touch 3ema before it takes any decision!
...
Monthly
Monthly shows sign of becoming a doji, but it is too early to say (this is only the beginning of the month).
...
Patterns
Hanging man at the moment![/FONT]
High of 1474, as expected in 30 mins, it did touch 1470. But closed at 1454. Let us focus on 15 ema in daily, 1430 for now. .
Kijun is flat, so tenken of 1412 possible, but you never know when tenken can move up.
Daily
Maruti is overheating in all the charts. A plateau is being formed at the top, which indicates a short term downtrend is due.
...
15ema in 30 mins stands 1465. This should be the entry price, but looking at 30 mins, it looks like we can get 1470 again.
Ichimoku:
Tenken stands at 1412. This is the short term target. Kijun is flat which means the price action (current price) has to touch tenken sen. Kijun also stands at this price. Tenken - Kijun crossover indicates the bullish or bearish trend. If tenken goes below Kijun, this stands the bearish phase for this stock.
..
Weekly
Weekly shows a doji after a long green candle.
315:
3ema is still above 15ema, which means bullish trend intact. But the candle has left 3ema, 1439. So the price has to come down to touch 3ema before it takes any decision!
...
Monthly
Monthly shows sign of becoming a doji, but it is too early to say (this is only the beginning of the month).
...
Patterns
Hanging man at the moment![/FONT]
. Kijun is flat, so tenken of 1412 possible, but you never know when tenken can move up.
Re: Maruti
If I am not wrong, you are asking for Ichimoku strategy. If yes, follow this link ... http://www.traderji.com/futures/30600-ichimoku-kinko-hyo-trading-system.html. This explains everything about ichimoku.
If I am not wrong, you are asking for Ichimoku strategy. If yes, follow this link ... http://www.traderji.com/futures/30600-ichimoku-kinko-hyo-trading-system.html. This explains everything about ichimoku.
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