Intraday Trades - 30.09.2014

Intraday: Nifty opened in the Range made yesterday. A News day so mkt behaved erratically till 12:00. Waited till it took an upmove. Missed it. Price Closed below MBB after a small range.
1) Short on the break of candle low as BOF. Closed at BRN in a PB.

Will be Back on Monday !!

Hi All, Some Internet problem in my area, so will be back on Monday !!

Intraday Trades - 24.09.2014

Intraday: A tight range.  waited too long for any entry.
1) Took a Short as BO of Range. Closed at no loss.

Intraday Trades - 23.09.2014

Intraday: Mkt Open near PDC & quickly rejected. (BRN line moved , so ignore)
1) Short on BOF of PDC. Closed at IRL.
2) Tried a Long on BOF of IRL, as the Trend was Up. It instantly failed and gave my SL.
3) A Short on BO as Taps on DP. Closed at PB on PDL.

Intraday Trades - 22.09.2014

Intraday: My Internet was down, so couldn't trade today.. Lets see tomorrow as i missed a good move today !!  In the Hindsight, a BPB of PDL was a good opportunity to go long straight to PDH !

A Look at Few Good Stocks !!

Portfolio Plan for Long Term-
Just Analyzing some of the well known stocks owned by Mr. Rakesh Jhunjhunwala - the Warren Buffett of India.
Does that mean, I am going to buy them right now - A BIG NO.  Why, because
1) He is a man with deep pockets & can remain still in big draw downs
2) He has different plans & goals than me as we are miles apart in our situations.
3) He can't be IN & OUT of stocks so easily & frequently as me.
4) For me, the only way to analyze stocks is Technicals..
BUT, he must have worked out for better Fundamentals so i hope no sudden crash can happen in these stocks. Lets see 6 of them what we can consider for any entry as they are in Strong Uptrends (other than these stocks didn't interest me as they are not sinking in with NIFTY broader trend)-
Remember, these are Weekly Charts as are Long term-
1) TITAN: Uptrend with BPB of Range High, but Volume not Supporting, so Score given = 80 %

 2) LUPIN: Strong Uptrend, to enter in any PB. Score given = 100%

3) RALLIS: Good BPB & now giving a PB with lower volumes. Score i give = 90%

4) ESCORT: First a BOF & now Range BO with great Volume. Can enter here as an old Fluid here. Score given = 100%

5) AUTO IND: First a BOF & now a BO with good volume. Can consider now BO for entry or at BPB as per risk. Score given = 100%

6) CRISIL: Strong Uptrend with a small Range consolidation. BO with low volume. Can see for BPB. Score given = 90%

& one from my Side-
7) AURO PHARMA: A Strong Uptrend. It can be Overbought, so should wait for a minor Consolidation & then BO

Readers can enter as per their Long term plans & strategies..

Intraday Trades - 19.09.2014

Intraday: Trend was Up. A strong Hammer formed at Last IRL.
1) Long on BOF of IRL. Close when White candle crossed after Inverted Hammer. It moved strongly towards BRN, but didn't take it.
2) Long on BOF of IRL. Close at trailing SL on small Hammer
3) Short on BOF of PDH, as upmove was too slow. Closed at Big White candle.

Gold Weekly - A Positional View

GOLD ... Favorite of Indians. Lets Analyse its Long term chart (Weekly). Ranges as Zones are marked.
1) Gold is trading in Downtrend by Forming Lower Ranges.
2) Its giving Multiple TAPS on DP with Lower highs.
3) Closes are COBB, so i am expecting strength downwards.
4) 1st Reaction from this DP was fast with 1-2 candles there. 2nd reaction  took some time on DP. 3rd time, its going with strong candles.
My Conclusion: Unless a Strong BOF happens here, Gold is down for at least this year upto Next Range low.. Anyone can go short on BO of tails of last pivot candles or BPB as per Risk appetite.

Intraday Trades - 18.09.2014

Intraday: A News made the Mkt sprint up. I was surprised & couldn't enter anywhere. Left the terminal as thought, i will do some wrong trades.
No Trades is also a Position !
2 Trades in hindsight-
1) Long on BPB of 2 day's High.
2) long on BPB of BRN.

Intraday Trades - 17.09.2014

Intraday: Nifty gave a Gap Up. Slided down a little, made IRL & strike on BRN.
1) Short on BOF of BRN. waited for a candle to close below 50% of Strong Bullish candle to confirm. Closed at IRL,
Then Mkt became ranging BB to BB, No other Trade

Intraday Trades - 16.09.2014

Intraday: New Range formed low.
1) Short on BO of Initial range. SL hit.
2) Short on BPB after a long range. Closed near IRL.

Intraday Trades - 15.09.2014

Intraday: A Gap Down, waited for range to form
1) Short on BOF of IRH. Closed at no Loss.
2) Long on BO as thought it to be a cigarette pattern. SL hit. Made it too early

Intraday Trades - 12.09.2014

Intraday: Nifty opened Flat. Made a Range & Barbered wire around BRN.
1) Long on BOF of IRL & BRN. Closed on a Tag on UBB with 5 pts.
2) Long on BPB of IRH. Closed near PDH.

Intraday Trades - 11.09.2014

Intraday: A beautiful day but not for me. Stuck with some work in the morning & missed the first move. Even there were not good signals for me.
1) Short on BOF of PDL, BRN as layer over layer. Closed at my SL at BRN.
Missed the TRAP in fluid. No further trade

Intraday Trades - 10.09.2014

Intraday: A Gap down & bearish range formed.
1) Short on BOF of IRH. Closed at first green candle.
No further trade.

Intraday Trades - 09.09.2014

Intraday: Trend was Up but Range formed low. Nifty moved in a Range. Planned to take only Longs..
1) Long on BOF / TST. Closed at no loss
2) Again a Long on BOF of IRL. Closed at BOF of IRH.
3) A Long on BOF of IRL.  Closed at IRH as target.

Intraday Trades - 08.09.2014

Intraday: Breaking all time High is now common. Nifty Gap Up with New Up range. A BB Squeeze formed.
1) Long on BOF of LBB. Waited till the end as MBB were up & down move was weak, though it became difficult at All time high.

Intraday Trades - 05.09.2014

Intraday: Took a single trade today.
1) BOF of PDH. Waited a lot for fluid. Closed at PDL, when 2nd push failed.

Intraday Trades - 04.09.2014

Intraday: Range was made down today. Nifty was in a rnage most of the time.
1) Long on BOF of IRL thinking that BRN became a barbered wire. Closed at my trailing SL.
2) Short on BOF of IRH. Closed with my SL.
3) Long on BOF of IRL. Closed in the end.

Intraday Trades - 03.09.2014

Intraday:  Removed the candles color to concentrate better on pivots. Nifty Open in same Range. Trend was up.
1) Took a BPB of PDH. Closed when PDH broke.
2) Short at BOF of PDH. Closed when PDC didn't broke. Mkt formed a range so waited for a COBB.
3) Long on break of high of COBB candle. Closed in a fast down move with my trailing SL at pivot.

Intraday Trades - 02.09.2014

Intraday: Mkt Was in Upper range full day. It moved up above PDH. I wasn't comfortable going long, so waited for some strong signal.
1) Long on BPB of BRN. Closed when it didn't made higher high (1st Red candle).

Intraday Trades - 01.09.2014

Intraday: Mkt was up. Was thinking to go long, but No Trades today.. Not got Strong signals to go Long.