It's 13th May 00:45 AM
ALLAHABAD Bank. I suggest SHORT. This should move downwards. and it's below 200 DMA too.
Sunday, 12 May 2013
Wednesday, 10 April 2013
Tuesday, 9 April 2013
COAL INDIA
My Trade :
1-Apr-13 : LONG : 311.80
MACD crossover with divergence
The high crossed 20 SMA of BB
4-Apr-13 : SQUARE OFF : 313.55
Against trend - Below 20 SMA BB
Gap down with high volume, so thought will go down
Profit Booked : Rs. 1,750/-
1-Apr-13 : LONG : 311.80
MACD crossover with divergence
The high crossed 20 SMA of BB
4-Apr-13 : SQUARE OFF : 313.55
Against trend - Below 20 SMA BB
Gap down with high volume, so thought will go down
Profit Booked : Rs. 1,750/-
Monday, 8 April 2013
HINDALCO INDUSTRIES
8-Apr-2013 (11 PM AEST)
Let's talk about Hindalco Industries. It's of special choice
because I have bought many lots of it! :-)
Why Hindalco?
I was doing some studies, like when MACD, RSI, Stoch all are favourable - why a stock "sometimes" give surprises. I'm after a clear working strategy. I then came across this indicator "OBV". OBV would often move before price
About OBV :
Why Hindalco?
I was doing some studies, like when MACD, RSI, Stoch all are favourable - why a stock "sometimes" give surprises. I'm after a clear working strategy. I then came across this indicator "OBV". OBV would often move before price
About OBV :
On Balance Volume (OBV) measures buying and selling pressure as
a cumulative indicator that adds volume on up days and subtracts volume on down
days. The On Balance Volume (OBV) line is simply a running total of positive and
negative volume.
OBV rises when volume on up days outpaces volume on down days.
OBV falls when volume on down days is stronger. A rising OBV reflects positive
volume pressure that can lead to higher prices.
Conversely, falling OBV reflects negative volume pressure that
can foreshadow lower prices.
Expect prices to move higher if OBV is rising while prices are
either flat or moving down. Expect prices to move lower if OBV is falling while
prices are either flat or moving up.
The absolute value of OBV is
not important. Chartists should instead focus on the characteristics of the OBV
line.
1.
Define the trend for OBV.
2.
Determine if the current trend matches the trend for the
underlying security.
3.
Look for potential support or resistance levels. Once broken,
the trend for OBV will change and these breaks can be used to generate signals.
Notice that OBV is based on closing prices. Therefore, closing
prices should be considered when looking for divergences or support/resistance
breaks. And finally, volume spikes can sometimes throw off the indicator by
causing a sharp move that will require a settling period.
Bullish and bearish divergence signals can be used to
anticipate a trend reversal. These signals are truly based on the theory that
volume precedes prices. A bullish divergence forms when OBV moves higher or
forms a higher low even as prices move lower or forge a lower low.
A bearish divergence forms when OBV moves lower
or forms a lower low even as prices move higher or forge a higher high. The
divergence between OBV and price should alert chartists that a price reversal
could be in the making.
About Hindalco:
It’s OBV signaling that the trend is changed. :-)
Supported by MACD Divergence, RSI Divergence. I’m quite sure this will shoot.
Let’s watch if it makes me rich!
Sunday, 7 April 2013
Some tips for quick profit
1. Check 52 week near high / low stock (click on the below link)
Spider Analytics - 52-Week HIGH Nearing Stocks
Spider Analytics - 52-Week LOW Nearing Stocks
2. Wait for at least 15 min after the market is open. See if the market is up or down.
3. If up, buy 52 week high (see if the technical indicators are supporting)
4. If down, sell 52 week low (see if the technical indicators are supporting)
5. Look at ATR. If daily movement is Rs. 20, we must book profit at Rs. 10.
6. Make sure that stock has not moved more than 25% of it's ATR of the day. If ATR is Rs. 20/-, stock should not have moved Rs 5 from our point of entry. If it has moved by more than 25%, wait for 1 hour after the market is open - high chances that stock will retrace and give another opportunity.
Spider Analytics - 52-Week HIGH Nearing Stocks
Spider Analytics - 52-Week LOW Nearing Stocks
2. Wait for at least 15 min after the market is open. See if the market is up or down.
3. If up, buy 52 week high (see if the technical indicators are supporting)
4. If down, sell 52 week low (see if the technical indicators are supporting)
5. Look at ATR. If daily movement is Rs. 20, we must book profit at Rs. 10.
6. Make sure that stock has not moved more than 25% of it's ATR of the day. If ATR is Rs. 20/-, stock should not have moved Rs 5 from our point of entry. If it has moved by more than 25%, wait for 1 hour after the market is open - high chances that stock will retrace and give another opportunity.
Fibonacci Retracement
1. It works best when the market is trending and it works best with the higher time frame.
2. Go long on a retracement at a fibo support level when there is uptrend. Go short on a retracement at a fibo resistance level when in downtrend.
3. Find decent significant swings highs and swings lows.
4. for downtrend, click on swing high and drag the cursor to the most recent swing low.
5. For uptrend, click on swing low and drag the cursor to the most recent swing high.
Below is the graph for M&M. I have mentioned in my earlier post that M&M will go down. It will be interesting to see if there is a support at 61.8% level of fibo, which is significant for pullback situations. See the support is at 840, but which is broken. Lets see tomorrow.
2. Go long on a retracement at a fibo support level when there is uptrend. Go short on a retracement at a fibo resistance level when in downtrend.
3. Find decent significant swings highs and swings lows.
4. for downtrend, click on swing high and drag the cursor to the most recent swing low.
5. For uptrend, click on swing low and drag the cursor to the most recent swing high.
Below is the graph for M&M. I have mentioned in my earlier post that M&M will go down. It will be interesting to see if there is a support at 61.8% level of fibo, which is significant for pullback situations. See the support is at 840, but which is broken. Lets see tomorrow.
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