Charts for the Day

[a1b1trader]

DLF -ww daily tf tgt 140 24.12.13
Even on weekly tf there is a -ww

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Target met today
CMP 140.15

 

[anil_s_trivedi]

Nifty update:

6100 is the support zone.
Trend still down.
Below 6100, support at 5960- 5925 only.

 

[anil_s_trivedi]

Nifty update:

With monthly closing due today, bulls if want to save the face, will try hard for closing above 6100, else lower levels coming in.

A daily close to above 6100 will be seen as arrest of immediate downtrend on daily. Lets see how it plays out.

The larger trend on weekly is still down, so act in unison with higher timeframe.

 

[anil_s_trivedi]

 

[anil_s_trivedi]

 

[anil_s_trivedi]

Lupin labs, a pharma stock looking like a probable short candidate in coming weeks. A repeated resistance at 950 proving to be a hard one.

A relative strength comparison with nifty, is giving a hint of distribution under progress. Also Volume under the pattern is quite stable near to 20 SMA, and recent week breached of uptrendline is on volume, so all giving bearish indications.

After rise in 2013 above moving average, and two times tests proven to be a support. But now the same moving support broken. So now a breached below 850 will be threat to rise above and will confirm it a bear case.

 

[winnerhiren]

It was my fault, the top directory was not shared, it should be OK now.

regards.
rm

Hi RM

Have you uploaded the data for Jan 2014 on your 4shared a/c?

Thanks

Hiren

 

[anil_s_trivedi]

ITC on weekly loosing momentum and Relative strength is weakening already. Although a closer look at recent weekly bar formations implying a strength in short term.

On daily, relative strength is improving, and looking at it seems breakout on upside is imminent. But a lot of work will be needed here as weekly strength is not in good shape.
so any longs need to be safeguarded with tight SL.

A good case in coming week, where aspect of conflicting timeframes will be watchable.

 

[R M]

Hi RM

Have you uploaded the data for Jan 2014 on your 4shared a/c?

Thanks

Hiren

Uploaded now.

regards.
rm

 

[abosalah]

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