Trading Strategies Using Technical Analysis

Which date should the meet be held?

  • February 27th 2011

    Votes: 19 59.4%
  • March 6th 2011

    Votes: 8 25.0%
  • March 13th 2011

    Votes: 5 15.6%

  • Total voters
  • Poll closed .

80 cud act as support so I wud wait and watch before creating short...
Well Here is my take in Apollo...Even tough there is small double top formation and breakdown on daily charts but it is not supported by volumes. Also if you closely look the prices are forming a flag pattern and have taken a support of lower channel line. Any breach of the channel can def drag counter to 77.5 levels which can prove to be a good support as it is 38.2% retracement level of rise from 59 levels 88 levels. I would not short this counter yet as it is in strong uptrend rather if I would book profits here if would have any positions.
Extremely strong stock. Avoiding shorting, can remain weak for next few days. Upward momentum to continue soon. Instead of shorting, think about buying.

Ok Thanks guys. Will look for Long entry at appropriate level. :)


Well-Known Member
hello raunak bhai,
can you help me interpret this powergrid chart.

If this stock is for Investment, then the interpretation is completely different.

But if it is for Swing trade, then just avoid this stock. Just look at how much this stock has moved in previous month. THere is absolutely no movement. When there is no movement, how can you benefit?

Let the stock show some movement first. Only then think of entering it on next retracements.



Well-Known Member
hello raunak bhai,
can you help me interpret this powergrid chart.

Uploaded with
Actually looking at the 9 month chart it does resemble a bearish flag,so the view is bearish breakout below the lower trend line you have marked. have trouble posting the 9 month chart so have posted an example.

Uploaded with


Last edited:


Well-Known Member
Futures or Equities?

This is one question which bothers every novice trader. When one enters the market, the first thing he hears before depositing funds in the market is how margin trading can fulfill all his dreams and desires. For him, the words "Futures and Options" open the doors towards financial freedom and towards prosperity. As many have realized in the past, Futures and Options route is one of the most destructive ways to financial freedom. However, for some, it indeed is the most desirable way to participate in the market. So, why is it that Futures for some is boon and for others is curse?

I strongly believe that Psychology is far more important than Methodology. Methodology in this case includes your system and trading instrument (Futures, Equities). Hence, in most of the cases it is the trader's psychology which prevents him from participating in Futures. I have seen many well funded traders unable to take positions in Futures and at times this is nothing but psychological barrier. Just think, if you know the stock is going to behave in a certain manner, then how would it matter whether you trade in Futures or Equities? The problem of trading in Futures only arises if you have limited funds available. In that case, Equities is the best option.

As far as my trading goes, I never feel the difference if I am holding Equities or Futures. When I hold futures, I can sleep as well as when I hold equities. In my opinion, anyone who is properly funded and does not trade futures is missing out on the calculative advantage of margin trading. In most of the cases, this is mainly due to lack of proper planning. Here, I'll be giving out a systematic approach (series of questions to answer) to solve this problem for those who experience this barrier.

A) Are you Well Funded?
B) Do you have a Trading Plan?
C) Do you have a specific Entry point?
D) Do you have a specific Exit Point?
E) Do you understand 'R' of your system?
E) Are you afraid of Gap down?

In my opinion, if you have answered Questions A to E as Yes, then you must simply start trading futures from tomorrow. As far as "F" is concerned, since you will have a specific exit point, you would know when and where to get out. Having psychological barrier is very common and getting rid of this barrier is what differentiates an expert trader from the rest. If you know how to use calculated leverage, then use it. By not using it, you are limiting equity growth and your growth as a trader.


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