TaiChi Swing Trading Journal

[prabhsingh]

Apologies Taiki for making use of your thread for posting image for BankNifty.
My believe is any fall in BankNifty should be taken as an opportunity for going Long.Attach is image for same.

Thoughts Welcome.

If BankNifty makes Higher High today i.e coming out of consolidation mode then it has very fare chances of hitting the targets.

 

[Taiki]

EOD Update - 20 Aug 2014

NIFTY

Holding Long on NIFTY FUT, Entry Price = 7745, TSL = 7860. Expecting more upside.

Holding long on NIFTY fut. Bought Price = 7745, Initial SL = 7660, CMP = 7877. TSL @ breakeven = 7760.

BANKNIFTY

Holding lon on BNF, Tighten the SL to 15300.

BANKNIFTY triggered long today. Entered long @ 15430. SL = 15200.

AMBUJACEM

Paper Trade = Long is still active.

AMBUJACEM has triggered long as well. But not holding any position in it. As per my money management rule, maximum 2 positions in a month. But will track the trade in paper for future references.

Paper Trade -> Long @214, SL = 209.

BHEL

BHEL triggered long today. Entered on paper, Long @ 231.4. SL = 220


Regards
Taiki

 

[Taiki]

BIOCON Weekly

BIOCON finding support and bouncing off the weekly up-trend line.

BIOCON Daily

On daily chart, will wait for a near term downtrend line to be taken out. I will go long on BIOCON above previous day's high i.e. 484. Stop loss = 450, Target = 550, 590.

Regards
Taiki

 

[prabhsingh]

If HDIL goes higher then 100 then go LONG for smart profits in coming days.

 

[Taiki]

23 Aug 2014 - EOD Update

Open Positions

NIFTY - Entry Price = 7745, TSL = 7860, CMP = 7927.

Last 4 days of consolidation near 7930 has created few speculations of nifty wont be sustaining at this position. But technically no weakness has been appeared, and expecting more upside in coming week. 7860 will be the level to watch for in coming week.

BANKNIFTY - Entry Price = 15430, TSL = 15450, CMP = 15828.

BNF attempted to close above the its rectangular trading range. Weekly trend remains up. holding long.

Paper Trades

Ambujacem - Entry = 214. On my system AMBUJECEM has negated the long position. SO exit at 211 on friday's close.

BHEL - Entry = 231.4, SL = 220. Holding.

Regards
Taiki

 

[ananths]

23 Aug 2014 - EOD Update

Open Positions

NIFTY - Entry Price = 7745, TSL = 7860, CMP = 7927.

Last 4 days of consolidation near 7930 has created few speculations of nifty wont be sustaining at this position. But technically no weakness has been appeared, and expecting more upside in coming week. 7860 will be the level to watch for in coming week.

Taiki

Good job Taiki bro...I also had NF position entered at 7796 but in this range bound mkt last week, I exited early at 7890 without holding on to positional SL. I think i have some learning here to take. :thumb:

 

[OMSAI]

23 Aug 2014 - EOD Update

Open Positions

NIFTY - Entry Price = 7745, TSL = 7860, CMP = 7927.

Last 4 days of consolidation near 7930 has created few speculations of nifty wont be sustaining at this position. But technically no weakness has been appeared, and expecting more upside in coming week. 7860 will be the level to watch for in coming week.

BANKNIFTY - Entry Price = 15430, TSL = 15450, CMP = 15828.

BNF attempted to close above the its rectangular trading range. Weekly trend remains up. holding long.

Paper Trades

Ambujacem - Entry = 214. On my system AMBUJECEM has negated the long position. SO exit at 211 on friday's close.

BHEL - Entry = 231.4, SL = 220. Holding.

Regards
Taiki

Taiki.bro......what is your your view about 8/16................I guess ...BNF will hit 16k......on Monday..but ....Nifty..I am ....not sure...:thumb:

 

[Taiki]

Taiki.bro......what is your your view about 8/16................I guess ...BNF will hit 16k......on Monday..but ....Nifty..I am ....not sure...:thumb:

Hi Raj Bro,

I feel, if nifty trades positively above 7950 on spot, it will surely go for 8K, 7940-7950 will be levels to watch for on long. BNF looks more positive as compared to NIFTY and it looks like 16K is on the card..

But thinking in terms of probabilistic nature of market, I am not obsessively biased on my view. Will be ready to act as the chart suggests..

Regards
Taiki

 

[Taiki]

23 Aug 2014 - EOD Update

Open Positions

NIFTY - Entry Price = 7745, TSL = 7860, CMP = 7927.

Last 4 days of consolidation near 7930 has created few speculations of nifty wont be sustaining at this position. But technically no weakness has been appeared, and expecting more upside in coming week. 7860 will be the level to watch for in coming week.

BANKNIFTY - Entry Price = 15430, TSL = 15450, CMP = 15828.

BNF attempted to close above the its rectangular trading range. Weekly trend remains up. holding long.

Update

Trailing SL for NIFTY FUT to 7940. and BNF to 15800.

Regards
Taiki

 

[OMSAI]

Taiki.bro......what is your your view about 8/16................I guess ...BNF will hit 16k......on Monday..but ....Nifty..I am ....not sure...:thumb:

Just 28 points short....but I am happy.......today I am going to close all position......I am tired....