Diary of a 315 Trader

[trade4putuval]

Re: Maruti

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.

Entered muharrat trading in Maruti, short at 1458!

 

[trade4putuval]

Re: Asian Paints

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.

Missed this trade by a Rupee. I placed short order in AP when the price was at 4110, but the trade went back from 4109. It looks like I will not be able to enter this trade before the target is hit!

 

[philosuffer]

Keep up the good work trade4. At the moment, I am trading only intraday stocks.

Here is my thread:

http://www.traderji.com/day-trading...s-stocks-options-long-short-strategies-5.html

I am looking for quality traders to post and work together in daily trading. I wish there is one single thread where many experienced and successful traders share ideas and trades.

 

[trade4putuval]

Re: Asian Paints

Daily
...

Ichimoku:
Tenken stands at 4020. 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 3983, which serves as a strong support.

Patterns
Bearish Harami: Indicates the change of trend.

Finally target reached. Ichimoku rocks!

...
Weekly
Weekly shows a double top formation already completed.

315:
3ema is still above 15ema, which means bullish trend intact. 3ema stands at 4008, which is very near the 15ema of daily (4000). Nothing to infer here.

Ichimoku:
Tenken stands at 3822. This will be a short term support. Nothing to infer here.

Patterns
RSI: Overbought and almost double top formation.
...

3990 low, which means all above targets achieved. Stock closing above 15ema can be an indication of bounce back.

Tenken is still above Kijun. This week, if tenken manages to stay above kijun, we can see an upside from here. Else 3904 is a support drawn from the previous lows. So we can see this price too.

Monthly
Monthly shows the double top formation.

315:
3ema is still above 15ema, which means bullish trend intact.

Ichimoku:
Tenken stands at 3545. Kijun is flat so we could see the price of 3545 in the next 2 to 3 months.

Patterns
Double top formation

Still a long way from here...

 

[trade4putuval]

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:
3ema is still above 15ema, which means bullish trend intact. But 3ema every day since Thursday is coming down, which means trend is changing. If 3ema tomorrow manages to close above yesterday's 3ema, we will have to exit the position and wait. 15ema stands at 210.

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.

315:
3ema is still above 15ema, which means bullish trend intact. 3ema stands at 210, which concides with 15ema of daily. Nothing to infer here.

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.



Monthly
Monthly shows the two month candle trying to take out the top, 222.4, which failed.

315:
3ema is still above 15ema, which means bullish trend intact.

Ichimoku:
Tenken stands at 180. Nothing to infer here. This is a worst case scenario for the global market where the stock can go before turning around.

Patterns
RSI: Overbought

All daily prices mentioned above taken out. :thumb: In daily, chikou has moved below the price action indicating bearish trend.

Weekly charts shows bearish piercing pattern, indicating change of trend. Weekly Tenken stands at 200, so we can target this price in short term since Kijun is flat.

 

[trade4putuval]

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.

315:
3ema is still above 15ema, which means bullish trend intact. Nothing to infer here.

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.

Patterns
Hanging Man: Indicates the change of trend, but you can never trust this pattern .



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!

Ichimoku:
Tenken stands at 1303. This will be a short term support. Nothing to infer here.

Patterns
RSI: Overbought and doji



Monthly
Monthly shows sign of becoming a doji, but it is too early to say (this is only the beginning of the month).

315:
3ema is still above 15ema, which means bullish trend intact. But the candle has left 3ema, 1404. So price has to close near this price.

Ichimoku:
Tenken stands at 1247, also the cloud top. Kijun is flat so we could see the price of 1247 in the next 2 to 3 months. Also this is the 50SMA which indicates the bullish trend will be intact in monthly. In addition, this will be the support line drawn from the previous lows.

Patterns
Hanging man at the moment!

Nothing to infer from daily, but in weekly, Maruti looks like it is poised for a big fall till 1400 this week itself. Weekly tenken is still far away, 1339, but a meaningful support.:thumb:

 

[trade4putuval]

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.

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!

What to say here! Nothing is convincing me to go long here, except 30 minutes RSI that stands at 14.

 

[kalpana09]

@trade4putuval


so maruti's next targets are 1412/1303/1247

 

[trade4putuval]

Re: Maruti

@trade4putuval


so maruti's next targets are 1412/1303/1247

You cannot rely on fixed targets. The values keep changing every day. In two days tenken has moved from 1412 to 1464 in daily.

..
Maruti is overheating in all the charts. A plateau is being formed at the top, which indicates a short term downtrend is due.

...

Weekly tenken stands at 1340 with Kijun attempting to form a flat trend, which indicates that price will move towards tenken sen. However daily kijun (1411) has to be broken for this target to be achieved. Weekly oversold RSI supports more downside.

Monthly 3ema stands at 1391, so for now we will focus only on 1400 target. Once this is reached, we decide the new trend after looking at the charts.

 

[trade4putuval]

Re: Jindal Steel

What to say here! Nothing is convincing me to go long here, except 30 minutes RSI that stands at 14.

For the sake of 30 minutes, this stock did go up and hit daily tenken. But then it fell, so we still see downside.

A very risky trade!