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
    32
  • Poll closed .

columbus

Well-Known Member
Dear Friends,

Jindal SAW is in News.
It has been re rated for an yearly target of 295 and monthly target of 230.
Showing strength even on falling markets.

Best Regards,
JK
Charts suggest that JindalSaw appears to go down in immediate future, a bit
caution is required.
 

columbus

Well-Known Member
Dear Columbusji,

I don't have the charts for Jindal SAW.
Can you please share us the charts and explain the Technicals.

TIA.

Best Regards,
JK

Dear JK,

With RSI at 83, I feel it is over-ought.Please exercise some caution.



Source:Nseguide.
 

SwingKing

Well-Known Member
Hi,
I am basically following google finance charts.
and i did some backtesting on the same using both 30 minute charts and daily charts on google finance, and found 30 min charts to be more accurate than daily.
i feel that daily charts are too slow to respond, especially if we look at MACD.
please correct me ..
Prashant,

Since you have researched well, I would go by what you are saying. Whatever you think should work, will indeed work if you have tested it properly.

But make sure that data is pure. I think you haven't read this post by me. Just go through it. You will understand what I am saying.

http://www.traderji.com/technical-a...-using-technical-analysis-133.html#post468946

If you have any doubts, let me know. Will guide you further.

Tc
 

jagankris

Well-Known Member
Jagan My Dear,

If and When we get into a Bear market, I will give Down Side targets.

Tc
Dear Raunak bhai,

From your words I understand that only Nifty turns bearish in the monthly charts you take it as a confirmation for bearish trend or Nifty has to break the range of 5700 downside for the bearish trend for confirmation.

Most of us here are small traders.We try to follow short term charts.
We cannot even wait for the weekly charts to confirm.For us it will be a huge stop.

At the most we can trade with 15 or 30 minutes TF with Daily charts as Higher TF.

Nifty is bearish short term.
So request you to give importance to short term view also :).

I may be wrong here.Please correct me.

TIA.

Best Regards,
JK
 

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