SH's 315 Strategy - how to use if effectively

[mksreeram]

Watchout for ASHOKLEY and BHARTIAIRTEL. Might do a bearish crossover today.

BHARTIAIRTEL (LTP - 315.25) anything less than 310.85 will become bearish (unlikely but if the current level holds, tomorrow we might see a crossover)
ASHOKLEY (LTP - 26.95) anything less than 26.70 will see bearish crossover.

As I had mentioned before, ASHOKLEY is dangerous as it gives a width of 1 - 2 rs on a day. If goes on opposite direction, you will end up loosing 22% of your margin for every rupee move.

Still if you are entering, I would suggest you cover in gap down.

 

[mksreeram]

Attaching BHARTIAIRTEL Triple screen trading system.

Screen 1 - Weekly - Bullish
Screen 2_1 - Daily - RSI and Stochastic giving sell signal and price retracing from BBTop
Screen 2_2 - Daily - Force Index giving sell and 315 bearish approaching
Screen 2_3 - Daily - Bear power is increasing.

My analysis is to go short at crossover. Any thoughts please share.

 

[mksreeram]

At the last second ASHOKLEY spot didn't make the bearish crossover closed at 26.7.

ASHOKLEY future made crossover. Today went short on ASHOKLEY Dec @ 26.85. Waiting for Gap down to exit. Let's see.

 

[tanvezkhan]

Can anybody provide the 315 strategy expert advisor for Meta Stock and meta trader.

 

[Riya D]

Bharti Airtel fell more than 3% today... Bought @302

 

[anilnegi]

Bharti Airtel fell more than 3% today... Bought @302

you bought a falling knife, be careful

 

[jamit_05]

Yupe it is a falling knife... depends on RBI policy.. tune in at 11 ;

 

[Riya D]

http://in.reuters.com/article/2012/12/18/india-rbi-rates-inflation-idINDEE8BG0F820121218 RBI keeps Repo rate, CRR unchanged

Airtel exited at 311

 

[Samgos]

Nifty SPOT - gave down crossover - on friday
3EMA @ 6022 ... 15EMA @ 6029 ...

In NF also there is down crossover ???

Please Reply ...


Thanks

 

[timepass]

Nifty SPOT - gave down crossover - on friday
3EMA @ 6022 ... 15EMA @ 6029 ...

In NF also there is down crossover ???

Please Reply ...


Thanks

Yes, there is a crossover, 15ema (6044.46) being 2 points higher than 3ema (6042.25). The followers of this strategy can guide about the entry.

Also, the daily looks like a bearish engulfing candle.