Day Trading Stocks & Futures

[primitivetrader]

today or tomorrow powergrid may give long signal around 207 short of level

 

[mohan.sic]

there is no respite for hdfcbank till 2100 positionally

2200 the resistance zone around july 2018, from where it went down and later made new highs recently to 2480. So the previous resistance may act as the support now is the simple idea in this. No deep analysis like line & Fans..

edit: 2100 is another 5% which can happen...If is comes, its much better to enter again...

 

[vikas2131]

 

[travi]

today or tomorrow powergrid may give long signal around 207 short of level

Coincidentally, I was looking at this stock but as per the TD method, it has completed a Sell Sequential on 25 July which otherwise means its overbought and its selling or corrective phase has infact begun.

The trade on long side would actually be triggered only above 214.5 spot on closing basis IMO.
Lets see how the two opposite ideas play out

 

[vikas2131]

There are only three PMI's in the world that are above 50 - India, Brazil and the US. All three are decelerating too. A reading blow 47 usually signals recession. All PMI's are falling very fast currently. A global recession is just a few months away.

Here is the global PMI

And here is global GDP...

Good luck avoiding a recession

 

[primitivetrader]

Coincidentally, I was looking at this stock but as per the TD method, it has completed a Sell Sequential on 25 July which otherwise means its overbought and its selling or corrective phase has infact begun.

The trade on long side would actually be triggered only above 214.5 spot on closing basis IMO.

i trade only intra. from that perceptive i am looking at it

 

[PreSap]

@PreSap Where did you enter Tatasteel and where TSl hit? Mind sharing?

Not at all!

Tata Steel futures short at 441.7
TSL hit at 438.9


Sent from my iPhone using Tapatalk

 

[mohan.sic]

TITAN is a Unique stock I see technically. A rare stock which never had momentum divergences in last 5 years run ( on daily charts).

 

[travi]

i trade only intra. from that perceptive i am looking at it

ok, I thought it was swing or longer from your 1st post but the Daily sequential doesn't have much bearing on intra movements as such although the general outlook on higher TF is what I explained.

 

[iwillwin]

It is also cyclical stock...every festive season, it goes up...Indian apetite for gold ornaments will send it up every festive season..

ST

Yes indeed.... looking to buy...it also has a gap on downside 650-725 range....but very very unlikely to reach there