Comments on: Technicals 29th Feb 2012 https://www.cashthechaos.com/technicals-29th-feb-2012/ Mon, 04 May 2026 19:28:32 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Jai https://www.cashthechaos.com/technicals-29th-feb-2012/#comment-240 Wed, 07 Mar 2012 03:06:15 +0000 http://www.cashthechaos.com/blog/?p=1461#comment-240 In reply to Rut.

Im a natural Bull Rut. Being bearish is an acquired thing 🙂 but that’s what the technical structure demands of me. Since you understand EW a bit, the 5 waves make wave 3 of bigger degree. The correction will be wave 4 of bigger degree even if it drops to 1900. So in the next bigger degree wave 5, TTK should atleast retest the high if not exceed. Did not want to get all technical.

]]> By: Rut https://www.cashthechaos.com/technicals-29th-feb-2012/#comment-239 Tue, 06 Mar 2012 09:40:42 +0000 http://www.cashthechaos.com/blog/?p=1461#comment-239 Jai,

Very good call on Nifty…

Regards

]]> By: Rut https://www.cashthechaos.com/technicals-29th-feb-2012/#comment-238 Tue, 06 Mar 2012 06:36:19 +0000 http://www.cashthechaos.com/blog/?p=1461#comment-238 In reply to Jai.

Your first sentence is a joke 🙂 isnt it ?

]]> By: Jai https://www.cashthechaos.com/technicals-29th-feb-2012/#comment-237 Tue, 06 Mar 2012 03:37:32 +0000 http://www.cashthechaos.com/blog/?p=1461#comment-237 In reply to Rut.

Very good for the next bull market but it looks like it has currently finished 5 waves up or there is max 1 last push. Correction potential 1900-1450

]]> By: Jai https://www.cashthechaos.com/technicals-29th-feb-2012/#comment-236 Tue, 06 Mar 2012 03:34:51 +0000 http://www.cashthechaos.com/blog/?p=1461#comment-236 In reply to paragj.

Yes. But I did not expect it hold 194 in yesterday’s weak price action. When it bounces we can enter again if needed

]]> By: Rut https://www.cashthechaos.com/technicals-29th-feb-2012/#comment-235 Mon, 05 Mar 2012 12:29:55 +0000 http://www.cashthechaos.com/blog/?p=1461#comment-235 Jai,

Can I request for your views on TTK P please. I know its off beat, but somehow ended up with some small quantity.

Regards

]]> By: paragj https://www.cashthechaos.com/technicals-29th-feb-2012/#comment-234 Mon, 05 Mar 2012 09:06:55 +0000 http://www.cashthechaos.com/blog/?p=1461#comment-234 Hi Jai,
With the event tmrw there could be a possibility that the market opens gap down,do u recommend exiting GMDC @ current level ?

Regards
Parag

]]> By: Jai https://www.cashthechaos.com/technicals-29th-feb-2012/#comment-233 Mon, 05 Mar 2012 02:35:40 +0000 http://www.cashthechaos.com/blog/?p=1461#comment-233 In reply to ajayS.

In such situations when SL’s are so close and the markets are trending lower in the short term – err on the conservative side and exit.

]]> By: Jai https://www.cashthechaos.com/technicals-29th-feb-2012/#comment-232 Fri, 02 Mar 2012 09:08:45 +0000 http://www.cashthechaos.com/blog/?p=1461#comment-232 In reply to kishanbobba.

Yes Kishan, please see morning note and email

]]> By: Jai https://www.cashthechaos.com/technicals-29th-feb-2012/#comment-231 Fri, 02 Mar 2012 09:04:24 +0000 http://www.cashthechaos.com/blog/?p=1461#comment-231 In reply to shailendrasr.

As you might have noted, The stop is on a closing basis not intraday. So we have wait till 3:25pm.

GMDC had a 52 week breakout with good volume. so there is a good chance that will head higher. So if it shakes out at 194, be ready to reload when mkt picks up

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