Applying Technical Analysis

posted by mayurs on Thu Nov 29, 2012 11:49 am

Example of a pull back by Aurobindo. The trend of the stock on the 15 mins. chart is up as the VMA moving average (yellow color) is above the Magenta line. The stock has been pulling back from mid day yesterday and today, we will wacth the 5 mins. chart for a buy trigger. This use of Multiple time frame is as suggested in the pdf files posted earlier and also in the video which I had attached. We will get a buy signal when the VMA moving average on the 5 mins. moves past the Thick Green line. Currently this line is below the green line as the stock is pulling back......Mayur


Example 1.JPG

posted by mayurs on Thu Nov 29, 2012 11:56 am

Watch the Ladder effect on the chart of Bajaj Auto. This is also a 15 mins. chart and as explained in the pdf manual we see a nice "LADDER" in Bajaj Auto. Plotting the VMA Moving average on the charts, it becomes very easy to watch the trends and also some of the nice patterns which are discussed in the pdf manual............Mayur


Example 2.JPG

posted by saamuu on Fri Nov 30, 2012 02:40 am

excelent trades mayur sir

posted by mayurs on Fri Nov 30, 2012 12:11 pm

The intra day 15 mins. chart for Bhushan Steel is attached. The stock is in a strong downtrend (VMA Moving average lines below the Magenta line). Once the indices pause and register a minor dip, the stock is poised to move lower and can be traded on the short side. The VMA Rainbow gives a nice visual effect and gives a clear picture of the trend and the momentum..........Mayur


Example 3.JPG

posted by mayurs on Fri Nov 30, 2012 12:25 pm

Another expample of the LADDER being formed by the VMA Rainbow indicator. The trend on the chart is up as the VMA Moving average is above the Magenta line. I have attached the chart for Cipla and we can clearly see the Ladder being formed. Keeping a watch on the chart, we will get a nice move on the upside, once the stock starts to gain momentum. This is the 15 mins. chart and we can track the 15 mins. and the 5 mis chart and get in on the first sign of the upside buy signal.........Mayur


Example 4.JPG

posted by mayurs on Fri Nov 30, 2012 12:39 pm

I have attached 2 charts of Coal India. The 15 mins. chart suggests that the trend on this time frame is up and after the strong rise at the open yesterday, we saw a strong pull back, which shook out the weak hands. As the trend on this time frame is up, we now take a look at the lower time frame i.e. 5 mins. chart and look for buy trigger once the correction is over. In the last hour yesterday, the correction was over as the VMA moving average closed past both the green and the magenta lines..... This is an excellent use of multiple time frame by the VMA Rainbow indicator. The nice visual effect give a trader a very good clarity and helps us to trade in the right direction. For more details, read the pdf manual which I had attached yesterday........Mayur

posted by mayurs on Sun Dec 02, 2012 04:09 am

Laddering Effect..........The chart attached is a 15 mins chart for NMDC and is showing signs of "Laddering". On the 15 mins. chart, the trend has turned up as the Yellow line is above the Magenta line. It is currently at the lower end of the rising channel and poised to move higher once it moves past 164.50. This will give short term traders/scalpers an good opportunity to trade the stock on the long side. The stop for the stock is very near and is just below the rising Green moving average. The upper side target is the mean rising channel line. To understand more about Laddering, watch the video which I have posted earlier.......Mayuurs



posted by saamuu on Sun Dec 02, 2012 07:51 am

super pick mayur sir..once megenta starting up then its damaka trade.our stop would be green line..lets cross fingers

posted by mayurs on Fri Dec 07, 2012 01:28 am

The first target was reached today and we booked partial profits. Raise the stop to the beakeven level for the balance position......Mayur

posted by srikar on Fri Dec 07, 2012 02:40 am

mayurs sir, i have gone through all ur thread, different thought process and some more new technologies you are applying .. thanks thanks a lot ..... srikar

posted by mayurs on Fri Dec 07, 2012 07:30 am

Thanks Srikar....You are wellcome.......This indicator (VMA Rainbow) is used mostly in Forex, but I found it quite useful in stocks and Indices.....Mayur

posted by mayurs on Fri Dec 07, 2012 09:18 am

Uni Phos has exhibited an Icon Trade i.e. the buy after the first pull back on the VMA Rainbow as per the chart attached. Targets on the upper side are at 129.70/131.80..........Mayur


Uni Phos.JPG

posted by mayurs on Sun Dec 16, 2012 02:36 am

An excellent example of "Laddering". Tech Mahnidra broke out of an excellent Ladder formed by the VMA Rainbow indicator which it had made and touched both my intra day targets. Could see higher levels as the weekly resistance for the stock is at 996. This will however depend on what the indices do in the coming week....... Follow the "Ladder" to take you equity to new highs...........Mayur


Tech. Mah,.JPG

posted by pushpa on Sun Dec 16, 2012 06:31 am

Hi mayur sir, I have gone through the pdf document and videos shared by you. Waiting for more videos (to give more insight into VMA Rainbow), any stocks to be watched for in the coming week (apart from TechM) and ,last but definitely not the least, afl from you.

posted by saamuu on Sun Dec 16, 2012 07:25 am

beautifull lady techm...good aproach mayur sir

posted by arvindeept on Mon Dec 17, 2012 03:18 am

[quote="mayurs":27bdnc8o]This is a wonderful, thought-provoking, one minute clip. Full of wisdom. . . . and very brief. It's not a joke, it's not religious, it's not political. It's just . . . special. ... &vq=medium[/quote:27bdnc8o] whatta great video mayur ji.........truly awesome... 8-)

posted by mayurs on Tue Dec 25, 2012 12:27 pm

Fibonacci Time Cycles indicate choppy trend to continue atleast till the 28th. We see that there are a number of event dates till this date and after the 31st. we have dates which are about a week away indicating trending mode from the start of 2013. Under these conditions traders have to look for day trades/scalp till atleast the 28th. and after the 31st. start looking for positions......Mayur



posted by mayurs on Tue Jan 22, 2013 04:28 am

this is one of the thoughts that came to me after having read a number of technical reports in the past few weeks....
99.99% of technical analyst are bearish and all of them including me are seeing a rising wedge and a loss of momentum and a weak market breadth. these are topping sign without any doubts but.....
my experience suggests that the market has a habit of surprising us all and this time could be no different. a strong breakout with high volumes on the upper side could negate the bearish view and we should be ready to switch over and jump on the long side.
under these conditions, a mechanical trading system like the 3x5 system could be the best as it will only follow the trend, while discretionary traders could have a disadvantage.

posted by mayurs on Thu Jan 24, 2013 09:34 pm


an excellent "laddering" trade in rcom

. on the 15 mins. chart, rcom signalled a sell early in the morning when the yellow line dropped below the magenta line on the vma indicator and in the afternoon we got an excellent ladder formation and a nice trade on the downside. the laddering trade usually happens when there is a build up of momentum and in mid cap stocks we have an excellent momentum on the downside.

posted by mayurs on Sun Feb 17, 2013 10:18 am


both nifty as well as bank nifty at currently at an important fibonacci support cluster. 
nifty has a cluster of fibonacci supports between 5,830 and 5,857 and the the bank nifty has between 12,218-12,258 (see chart attached).
if these supports hold, we could see a pre budget rally. keep a watch at a lower time frame say 30 mins. or 15 mins. and look for a change in trend on this time frame. if the rally has to start, we will first get buy signals on these time frames first. moreover, the stops on this time frames will be quite near.
once we see a start of a rally and a minor bottom is formed, we can than look for resistances on the way up.
if these support zone give in and the indices drop below these supports, than they will head to the lower zones.....