SGRaman's Notes
Thursday, August 4, 2016
Sunday, July 31, 2016
DishTV (By EOW, EOD: July 29)
Lot Size = 7000
CMP: Future = 103.80. Spot = 102.90
Range for 1st week of Aug:
CMP: Future = 103.80. Spot = 102.90
Range for 1st week of Aug:
- 93 to 112.75 (suggested by the up channel in the weekly chart)
- CMP -> down to 102.50 (I would exit shot position around 102.75 or 103).
- Then up move to 107 (to complete 5 waves). Max it may go up to: 112.20.
- Then bigger down move. This down move min tgt is: 102.50. Max tgt is: 96 (approx) - depending on whether it is returning from 107 or 112.
- It is also possible that after 107 correction to 102.5 then up move to 112 and bigger correction. Need to see how waves develop.
5min Chart:
- -ve divergence is seen RSI chart from 98 to 104 (ie, from 3 to 5.3)
5min and 1 hour chart:
- Broke the expanding diagonal at 101.50.
- Diagonal's min and max width are: 6 and 10 points (approx). So, possible tgt is 106.50 / 110.50.
Day Chart:
- Historical peaks suggests that 104.xx and 109.xx are two good resistances.
- Price is in a bigger diagonal which started on Feb 24. Price is nearing 4E of this bigger diagonal.
- This bigger diagonal's min and max width are: 15 and 20 points (approx).
- Bigger diagonal's 4E is at 105.
- Inferance:
- So, after completing bigger 4E (ie, 105+/107+/112.20), we can expect a bigger correction whose targets can be found once we know the correction starting point.
- If it goes above 107, I expect the wave may get the shape of extended 5th wave.
Weekly Chart:
- Helped in capturing channel for 5th wave which started at 65.50 (on Feb 24). As per this channel resistance is around 112. (to complete V3)
Charts:
Friday, July 15, 2016
AirTel (by EOW and EOD 15-July-2016) -- diagonal - (tgt1 done in 2 days)
lot size: 1500.
CMP = 379.85
Hour chart:
1) diagonal. With E around 382~385. (Diagonal width=24 points.)
Day Chart:
1) B of ABC is expected to complete at 382~385.
2) 387.7 is the golden ratio of previous fall from 452.
3) For the past 6 years, this is caught in a diagonal/channel with parallel & horizontal boundaries.
4)
OI table:
Res = 380; sup = 360.
Elliot in 5min Chart:
- 3.3 is about to get over. 3.4 and 3.5 (=3) are pending. As we are in a diagonal, reversal is expected from 3.
- Blue channel suggests, 3.3=382.xx, and 3.4 = 377.xx to 380 (approx).
- Ret table suggests, 3 may get completed around 386.
- Wave structure of E looks similar to D. So, I would expect 3 will be reached by Tuesday after noon.
Tgt:
1) in hour chart, wolf fork line suggest tgt.
2) Based on Diagonal rules: tgt1 = 360 (channel bottom), tgt2=335 (=360-25 - diagonal tgt), tgt3= 326.x ( 4th wave of pervious up move ended here).
Strategy:
1) Keep one short ready always at: 385 or 386.
2) Probably, short two lots.
Observation:
1) Day chart suggests that Channel top will be tested once or twice (monday & wednesday).
2) it has taken only 3 days to from top to bottom or bottom to top of channel.
Note on how I got noticed:
It is listed under "Raising slow and steady" with rank 6 in BazaarTrend.
Actual result:
1) tgt1 done in 2 days. (1hr chart attached) -- But not utilised as E ended early.
Actual results:
Tuesday, September 29, 2015
Monday, September 21, 2015
Sunday, March 22, 2015
NIFTY Near Term By Mar 20 EOD - Sell On Raise
Sell On Raise.
Day Chart Suggests:
Day Chart Suggests:
- 5 waves completed at 9119.20, with -ve divergence.
- So, under-going good correction.
- So, reasonable to expect NIFTY to touch blue channel bottom (C=8066 approx), with intermediate support at A (8471 approx).
Attached snap shots of NIFTY-Spot (Day Chart), NIFTY1 (60min and 5min charts)
Channels in 5min and 60min charts suggests where to buy/sell.
Channels in 5min and 60min charts suggests where to buy/sell.
Tuesday, March 17, 2015
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