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| Discuss Trading the Technicals at the Trading on Technicals within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Attached are charts of Tisco in 15/30/60 minutes 15/30 mins charts show a distinct positive ... |
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#71
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Attached are charts of Tisco in 15/30/60 minutes
15/30 mins charts show a distinct positive divergence in macd and mfi 60mins charts show that some more downside or sideways movement willbe there. 500-502 is good support range for tisco. If it breaks 500 it may head towards 460. Strategy should be to buy futures or call options when 3ema goes above 5ema in hourly timeframe. cmp 505.5 Inthe next hour that is 11 am tomrow if the price goes abv 514 then we may get a 3ema crossover. this crossover point willkeep changing every hour. Will try to update during market hours tomrow as i feel we may have agood trade setup in this counter. Last edited by tanewbie; 2nd August 2008 at 12:18 PM. |
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#72
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Quote:
Best Regards, -Ashish |
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#73
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Hi Ashish
thanks for pointing it out. sorry for any inconvenience attching 30 mins chart. NO +ve divergence in macd bu t some +ve divergence in mfi is seen Last edited by tanewbie; 2nd August 2008 at 12:18 PM. |
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#74
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Tisco fell through 500 thereby breaching 502 and 500 which were very good supports. Looks like Tisco all set to go towards 470 hough 30 mins chart show a positive divergence in MFI
EOD charts show a totally bearish picture. Fall on heavy higher volumes MFI going down macd sell in EOD stochastics falling Last edited by tanewbie; 2nd August 2008 at 12:18 PM. |
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#75
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After taking a hammering, Tisco has somewhat stabilised at lower levels.
15 mins charts are good but the bollinger band is in a squeeze now suggesting low volatility. A breakout is imminent. it could be the stock of Monday. 30 and 60 mins charts are also good. MACD buy signal in 60 mins chart. All in all looks like we may see a rally in Tisco. resistances @ 503/510/513 better to buy a 520 call @12 with stop of Friday' s low of rs 9 see this chart too http://cchart.*****.com/z?s=tatastee...=l&q=l&i=in%22 Last edited by tanewbie; 2nd August 2008 at 12:18 PM. |
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#76
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Tisco made a good move. 520 call clsd at 16.75
Target for tisco is 520/523/526. 520 call shd go to 20+ Last edited by tanewbie; 2nd August 2008 at 12:18 PM. |
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#77
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TISCO rocks!
520 call is 22 now tisco targetting now 535. Last edited by tanewbie; 2nd August 2008 at 12:18 PM. |
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#78
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523716
looks set for an explosive move. tgt 175 stop 125 Last edited by tanewbie; 2nd August 2008 at 12:18 PM. |
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#79
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Dear tanewbie,
I hold different views than yours, as below. Firstly, it is about whether one should trade this stock or not. Of course I fully understand that this is individual's decision, but still cannot resist penning my views. I would'nt prefer to trade this stock at all because of 2 main reasons : Almost negligible volume and too many gaps. I remember Kuldeep49 having nicely explained in one of this recent threads why one should keep away from such stocks. Such scrips are operator run, so very easy to get in but hard to get out with break-even (forget profits). Agreed it opened with a gap today and also closed higher than the trading range in which it was hovering for sometime. But this is not supported by volumes. Today's volumes are not even 50% of y'days. Don't you see anything wrong in this ? My friendly suggestion to you will be to stay away from such stocks. There will be plenty of opportunities... With regards, Abhay |
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#80
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monday it will break out
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