Charts for the Day

[Micha5tr]

thanks for helping...

 

[anil_s_trivedi]

A simple reading with trendlines & Moving Averages:

 

[dipankar_ghosh]

Whole hearted thanks and regards:thumb:

 

[anil_s_trivedi]

Corporation bank looking like in a pattern completion for a falling wedge.
The Fall from 2010 end from 800 odd levels to 225 levels is a three year long, where first fall was a steeper one, after that a consolidation play in 2012 and then again breakdown from 370 odd levels to 225 levels in 2013.
These second fall is less steeper one, and also stock attempted almost thrice to break falling jinx with volume, but failed it.
So it seems bulls lilkely coming in but slowly. We can initiate position in two ways,
First on pullback to lower trendline support near to 210 levels with SL 198 on closing basis. or on breakout on upside.

Mind you this is a risky play, as stock below all key averages of 50/200 SMa's and i personally take small positions on such stocks which are against the trend.

 

[anil_s_trivedi]

EIH setting up a base and volume action taking support at key moving average with a rising 50 SMA and almost flat to rising 200 SMA, stock looking for a good rise.

Weekly chart telling us, stock traded almost between 52-60 since september 2013. Thats a quite tight range, so expect a breakout move till 75-80 minimum.

Relative strength wise stock seems to be coming up in weekly, thats a good sign as higher timeframe chart favouring a long trade here.

 

[anil_s_trivedi]

 

[anil_s_trivedi]

Nifty update:

Needed a caution as approaching a supply line.
A break above with volume needed here, else again a downslide.

 

[anil_s_trivedi]

 

[niftyoption]

Dear Anil_S_Trivedi Sir

in Tata steel EOD CHART is given below is forming "Bull Flag " with long pole....

 

[anil_s_trivedi]

hi Niftyoption,

Dont know the validity of forming bullflag, but i am seeing a support near to 200 SMA.
On weekly, the first attempt by bulls is seen, where an upbar with above average volume, a good indication of support nearby. Also a lot of trading activity since then inside the range of that bar.

On daily, a rising 200 SMA, is a point where bulls will like to hold on.
A support zone coming at 320-330 levels.