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 .
praveen taneja

praveen taneja

Well-Known Member
#4,431
#4,431
gauharjk said:
PT bhai,

Monnet mein itna kam volume hai... darr nahi lagta?
Click to expand...
Bro Vollume ayega kahaan se 96% is in promotor FII & DII hands
4% also in accumulation zone due to IPO coming in march of Monnet power:)
so people are ready to buy at lower level instead of selling at top thats why it is making HH & HL am I right?????



Jaan Ki Baazi Lagaane wala hota hai Janbaaz
Maal Ki Baazi Lagaane wala Hota hai Malamal:lol:

I am standing on 15%+ profit so can take risk of upto 520 cmp 564 around
 
SwingKing

SwingKing

Well-Known Member
#4,433
#4,433
Nbolar said:
Raunak,

Here i Come again to Nag you again on Voltas,

-All the RED lines marked on your chart are at Pivot Lows ( Low of the Respective day ) except for the 4th Red Line and the Blue Line...:confused:..Is it Because the low could have been due to non Limit order(Market Price ) placed before market opened causing the low(Hence ignored).

-The recent Pivot low, if low of the respective trading day is considered then it is 213 i.e on 29th , and if close of a day is considered then it is 215.05 on 30th . On 31st Both were taken Out at Close, i.e it was 217.70 , And Today I see a WRB Closing at 225.95, ( I Know they are Now on your watchlist, But would it have been appropriate to buy on EOD on 31st since the closing price was Obviously above 213 and 215 !!! ).

Am i making things too complicated in reading the Charts .....:(

Thanks for your Reply,

Best Wishes,
Nithin.
Click to expand...
Nithin dear,

Its good you are thinking. Keep that going. On the other hand, don't over complicate things.

Just look at Bases (not exact low's). All bases must be higher than previous one's. When it starts to change, the structure weakens. During this if stock remains Bullish on Weekly frame, we shift the stock to watch list and wait for daily structure to improve. That is, we look for new bases above previous bases. Once this happens we go in.

As simple as that.

Tc
 
TraderSid

TraderSid

Member
#4,434
#4,434
Re: Swing Trading Nifty and Bank Nifty

Script: Nifty
Buy Signal Generated: 5947.05 on 20th December 2010
BB Upper Band Value at Buy Signal: 5946.07 on 20th December 2010
Current SL: 6023
Current Gain: 211.53




--------------------------------------------------------------------------------------------------------------------------------------------------

Script: BankNifty
Buy Signal Generated: 11791.5 on 31st December 2010
BB Upper Band Value at Buy Signal: 11683 on 31st December 2010
Current SL: 11629
Current Gain: 64

[/QUOTE]
 
VJAY

VJAY

Well-Known Member
#4,435
#4,435
raunakagarwal said:
Nithin dear,

Its good you are thinking. Keep that going. On the other hand, don't over complicate things.

Just look at Bases (not exact low's). All bases must be higher than previous one's. When it starts to change, the structure weakens. During this if stock remains Bullish on Weekly frame, we shift the stock to watch list and wait for daily structure to improve. That is, we look for new bases above previous bases. Once this happens we go in.

As simple as that.

Tc
Click to expand...
Dear Sir,
so we look here for 1 or 2 up bars:) and price make a retrace ans make new base....so can we look for entry @ retrace or @BO after making new higher base....?



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A

ashokshola

New Member
#4,436
#4,436
Re: Swing Trading Nifty and Bank Nifty

raunakagarwal said:
Code: 
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
if( ParamToggle("Tooltip shows", "All Values|Only Prices" ) )
{
 ToolTip=StrFormat("Open: %g\nHigh:  %g\nLow:   %g\nClose:  %g (%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 )));
}
_SECTION_END();

Buy = Close > BBandTop(Close,20,0.5);
Sell =Close <  BBandTop(Close,20,0.5);

Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);

shape = Buy * shapeUpArrow + Sell * shapeDownArrow;


PlotShapes( shape, IIf( Buy, colorGreen, colorRed ), 0, IIf( Buy, Low, High ) );
Click to expand...
Dear Friend the correct code is as below,

Buy = Close > BBandTop(Close,20,0.5);
Sell =Close < BBandTop(Close,20,0.5);

must be changed to

Buy = Close > BBandTop(Close,20,0.5);
Sell =Close < BBandbot(Close,20,0.5);


Code: 
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
if( ParamToggle("Tooltip shows", "All Values|Only Prices" ) )
{
 ToolTip=StrFormat("Open: %g\nHigh:  %g\nLow:   %g\nClose:  %g (%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 )));
}
_SECTION_END();

Buy = Close > BBandTop(Close,20,0.5);
Sell =Close <  BBandbot(Close,20,0.5);

Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);

shape = Buy * shapeUpArrow + Sell * shapeDownArrow;


PlotShapes( shape, IIf( Buy, colorGreen, colorRed ), 0, IIf( Buy, Low, High ) );
 
CASPER

CASPER

Well-Known Member
#4,437
#4,437
raunakagarwal said:
Nithin dear,

......................
Just look at Bases (not exact low's). All bases must be higher than previous one's. When it starts to change, the structure weakens. During this if stock remains Bullish on Weekly frame, we shift the stock to watch list and wait for daily structure to improve. That is, we look for new bases above previous bases. Once this happens we go in.

As simple as that.

Tc
Click to expand...
Raunak,

Ok in Laymans terms its like looking at waves before they hit the shore, the topmost point of each wave is a pivot high, not necessary to check with scale ( I am referring to checking for exact points and decimal values of the stock , as mentioned by me in my earlier posts), again in laymans terms its just an area(Pivot lows in case of Bearish and pivot highs in case of Bullish) were directions can change , upon couple of bars in the new direction its a confirmation.

Now in the chart below yellow line at the bottom is the lower base and yellow line at the top is new base, If true One can could have taken a chance today to buy above 223(new base) or wait for a pullback to buy , but should ensure the new line(base) is not breched on EOD.

Please confirm if my understaing is....:)...OR.....:(..

Best Wishes,
Nithin.


 
Last edited:
SwingKing

SwingKing

Well-Known Member
#4,439
#4,439
Nbolar said:
Raunak,

Ok in Laymans terms its like looking at waves before they hit the shore, the topmost point of each wave is a pivot high, not necessary to check with scale ( I am referring to checking for exact points and decimal values of the stock , as mentioned by me in my earlier posts), again in laymans terms its just an area(Pivot lows in case of Bearish and pivot highs in case of Bullish) were directions can change , upon couple of bars in the new direction its a confirmation.

Now in the chart below yellow line at the bottom is the lower base and yellow line at the top is new base, If true One can could have taken a chance today to buy above 223(new base) or wait for a pullback to buy , but should ensure the new line(base) is not breched on EOD.

Please confirm if my understaing is....:)...OR.....:(..

Best Wishes,
Nithin.
Click to expand...
Nithin,

The base in reference is now between 210-220.

Now we have got a WRB yesterday. We will now look for semi consolidation and retracement so that we can identify a new base being built up above 210-220. Once we have that, we will take the old base as SL and enter. Don't worry if this sounds confusing. Simple concepts are difficult to understand. Once its clear, you'll be able to do everything on your own. Keep me posted about Voltas and ask me whatever comes to your mind.

Tc
 
J

jagankris

Well-Known Member
#4,440
#4,440
Economic Events India Jan 2011,

Infosys results on 13th Jan.

3-Jan India Exports (%, YoY) Nov 21.30
12-Jan India Industrial Production (%, YoY) Nov -- 10.80
14-Jan India WPI (%, YoY) Dec -- 7.48
25-Jan India Monetary policy review

India exports Nov yoy stood up 26% :)

7-Jan US Unemployment Rate (%) Dec 9.7 9.8

Best Regards,
JK
 
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