Friday 24 February 2017
Saturday 18 February 2017
Friday 17 February 2017
Reliance Capital: Would you carry yourself up
Techno-Funda in Sync
I am a firm believer of two things.
- Data never lies, difference comes in the perception of the reader.
- News comes later (include news readers ;P)
The guy in
question: Reliance Capital
In the weekly chart below, here are the few key points
1. 200 EMA (Dynamic LOC)
2. You would notice, from November, 2010 (marked
1) till May, 2010 (marked 2) prices stayed below 200 EMA
3. Period between Sept, 2014 and March,
2015 area (marked 3) where, both bulls and bears were in tussle and that
happened to be at 200 EMA
4. In Jan, 2016 (marked 4), happened a
breakout, however a failed one, again at 200 EMA
5. Finally, bulls took charge and stock
gave a breakout in July, 2016. There was a triangle breakout, not marked on
chart.
6. Weekly candle of 12th Aug,
2016, made a retest of 200 EMA and the up move started.
7. January, 2017, stock again made a move
above 200 EMA and made a nice base for itself in following weeks.8. Stock started its upward journey and do notice the gradual increase in volumes (marked in blue oval)
9. RSI has again entered its bullish zone of above 60
Finally comes
the news
Now that, 200 EMA is behind us and retested, stock has positioned itself in a channel and looks great to capitalize on the base it has made for itself at 200 EMA. Can't help to keep the trader in myself happy, would consider Rs.485 OR channel breakdown as my SL.
Sunday 5 February 2017
I was seduced...and how!!
Let the trade seduce you
Its February….right.
Month of Valentine,
flowers, chocolates, expressing love a little more and yes….seduction.
Let me give
you a walk-through, on how a lovely trade seduced me recently.
The girl in
question: #HEROMOTOCO
Setup
- Date: 24th Jan, 2017
- Time: 14:15 hrs
- Time frame: 15 min chart
- Tell-tale sign: Inv Head n Shoulder
- Flowers: 10 min EMA and 50 min EMA
- Chocolates: RSI
At 14:22 hrs, I zeroed in at 3120
Here, it all started, we had a great time overnight ;)
Next day on 25th January, 2017.
We looked into each other's eye, kissed, said bye till we meet again.
In the end, before someone asks:
"Did you miss dating her sister #BAJAAUTO?"
Nope, absolutely not. I can't be double timing...right??
Have a great Valentine. Cheers!!
Thursday 2 February 2017
Tata Investment Corporation Ltd
Small milate jao, Large banate jao kind of setup ;)
Before moving on to charts, let me give a peek into the thought process. Read the catch-line once again, gives a clue, isn't it.
Life always moves from small towards big, baby steps become giant leaps....setup on charts are no exception.
Trades from a candle of 1 minute time frame (TF), graduates to 5/15/60/day/week/month, surely comes targets and stop losses in between.
Here I am presenting 3 charts of different TF
Daily Chart
Weekly Chart
Monthly Chart
In stock markets, there is NO guarantee of anything, its a game of probables and opportunities.
Hey! LIFE too doesn't offer any guarantee.
Cheers!!!
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