General Trading Chat

[vivektrader]

Will reply in details on the coming weekend.....

Smart_trade

Thanks sir, will wait for your reply, in the mean time just tell whether this completed sell sequential count down is valid or not in yes or no, as I have taken a trade, and am in a profit (on power of 9 atleast), so that I can close the trade.

Vivek

 

[Prataap_2013]

the UP civic polls, considered a big test of the Yogi administration, are done. exit polls predict a clean sweep:

BJP set for huge victory, may win 15 out of 16 municipal corporations

 

[okabira]

Growth in profitability is the most important.If you see any stock which has shown accelerated price rise,you will find growth in profitability as a single most impartant factor.We are not talking about 10-12 % growth but we need over 20-25 % growth with clear visibility of growth sustaining...stock price is a slave of profitability growth.

Quality of management,outlook for the sector,competitive position are also important....

Smart_trade

Thank you sir ,

1 more doubt ... how can 1 see that stock is overvalued ?? ... how could one know if p/e , eps etc is in bubble?
Because we always want it to grow like anything ..but we also need to exit from it when overvalued ..
or should we still hold ? or liquidate on volume exhaustion in upmove ?

 

[traderniftybull]

the UP civic polls, considered a big test of the Yogi administration, are done. exit polls predict a clean sweep:

BJP set for huge victory, may win 15 out of 16 municipal corporations

Good news for tomorrow
but
bad for today
it mean market is not likely to recover today, atleast in the first half.
may consolidate/go sideways, first half or whole day

 

[Smart_trade]

Sir,
After the combo (in Nifty) was triggered and then a candle of the evolving buy setup (which was interrupted at 8) closed below TDST support, now the original setup can't serve as basis for sequential countdown (forming secondary top), as that is recycled?
Got a bit worked up... Is the above correct, I shouldn't have counted based on that setup, no? View attachment 23488

If you see the chart, the first set up is larger than the second set up so it is a valid operative set up .....if second set up was larger we would have said that the first set up recycled..but this is not the case.

The first set up gave us our combo 13 signal...it is still a valid set up as we closed below the TDST of the second set up ( and not closed below TDST of the first set up) and also the buy set up ( set up in opposite direction is not completed ( it failed on the last bar) ...so the first set up is still valid and sequential can give a sell signal on the second or subsequent top and the downmove starts again.....

So hold on to shorts...that is what charts indicate....what the market does we have no control on that.
An alert trader would have covered shorts on failure of buy set up to complete and market closing above the TDST level....but now at higher level, one can re-enter in short trade.

Smart_trade

 

[vivektrader]

If you see the chart, the first set up is larger than the second set up so it is a valid operative set up .....if second set up was larger we would have said that the first set up recycled..but this is not the case.

The first set up gave us our combo 13 signal...it is still a valid set up as we closed below the TDST of the second set up ( and not closed below TDST of the first set up) and also the buy set up ( set up in opposite direction is not completed ( it failed on the last bar) ...so the first set up is still valid and sequential can give a sell signal on the second or subsequent top and the downmove starts again.....

So hold on to shorts...that is what charts indicate....what the market does we have no control on that.
An alert trader would have covered shorts on failure of buy set up to complete and market closing above the TDST level....but now at higher level, one can re-enter in short trade.

Smart_trade

Oh great sir, thankyou, will look to reenter, as I had already gotten out, before I received your reply.
Thanks a ton
Another clarification.

Vivek

 

[vivektrader]

 

[aaru]

If you see the chart, the first set up is larger than the second set up so it is a valid operative set up .....if second set up was larger we would have said that the first set up recycled..but this is not the case.

The first set up gave us our combo 13 signal...it is still a valid set up as we closed below the TDST of the second set up ( and not closed below TDST of the first set up) and also the buy set up ( set up in opposite direction is not completed ( it failed on the last bar) ...so the first set up is still valid and sequential can give a sell signal on the second or subsequent top and the downmove starts again.....

So hold on to shorts...that is what charts indicate....what the market does we have no control on that.
An alert trader would have covered shorts on failure of buy set up to complete and market closing above the TDST level....but now at higher level, one can re-enter in short trade.

Smart_trade

sir any reading on PNB hsg fin.. sort of bought at the high (falling since.. almost 20% correction).. and averaged in btw

 

[Prataap_2013]

is tomorrow a holiday for Eid?

 

[simplebuthard]

is tomorrow a holiday for Eid?

Not a trading holiday. but a clearing holiday.