Hanumanji

Hanumanji
Jai Hanuman Gyan Gun Sagar Jai Kapeesh Tihu Lok Ujaagar Ram Doot Atulita Baladhaama Anjani Putra Pavanasuta Naama

Tuesday, February 14, 2012

Trade Set-up for 15.2.2012

Today is the the DAY of RECKONING.
It was on EOD 09-02-2012 that I wrote:
Q
This (v) can not be more than (iii) so maximum it can do is 163+5325=5488;
Also for a proper wave form, this (v) has to be of a length wherein (i)=1.62*(v).
So (v) can be,at the most 130.5.
Thus maximum length for (v) comes to 5325+130.5=5455
UnQ
and since then it has been the Diagonal (v) and its subwaves that we have been following.As Truncation of (v) always remains a probability,was not very comfortable in keeping long positions and now it turns out that truncation is almost out so we have the opportunity to short at top i.e. as close to 5455 as possible.

Reposting the upmove from 5078 onwards:



And taking a microscopic view of this (v) as a DIAGONAL:



Thus, as the Chart above says,sw5 is very close to doing its minimum of 89( has already done 86).


And ,after doing its minimum,how much more can this sw5 do?
As we have mentioned in the beginning 5455 is the outer boundary for this (v) so the play that this sw5 of (v) has got is in between 5430-5455 and lets try to further go inside this sw5(5341 upwards),which in itself has decided to play a diagonal, to see where it should IDEALLY go.




So ideal range to short is 5443-5455.SL at 5458(think 5456 would be too tight).
And,God willing,this may prove to be the best trade of the month---

Raghu

7 comments:

  1. ideal level is 5456 but it can be even 5488. so logically 5489 should be the sl.

    ReplyDelete
  2. Opened @ 5461 and touched 5507 and going strong with good volumes
    what to do ?

    ReplyDelete
  3. Raghu sir,

    Its been months i have traded.. but the way market has risen.. has taken back everyone.. but the moot question is is the correction over and are we in a new bull market???

    Think about it and take your time.. this will help to build long term portfolio from small and mid cap for next 10 years..
    Let me know your thoughts.

    ReplyDelete
  4. Dear Friends,
    As the opening itself was 5461--the trade set for today could not even take off.
    And as has happened earlier also,momentum has again shown us how fast patterns would change.
    I did not initiate any trade nor would advise any now as in the absence of proper/fresh counts no trade set-up could be devised. See you all at EOD

    ReplyDelete
  5. Dear Sachin,
    Feels good to receive a communique from old friend---
    I usually trade wave-to -wave as it gives very sharp entry-SL points.Today's example being the latest.
    If you read my Special Updates section,I have mentioned 5620 as the last post of Bear hopes.And todays upmove has again made that a possibility.

    ReplyDelete

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