Charts for the Day

[amitrandive]

anil Trivedi

T/U for the live reply.

Pl comment on the full chart after mkt reg price behaviour.

Now, yr posting has thoroughly confused me since repeatedly, u were discussing vol on the charts & i thought it is yr Trump card.

Real Carrom ball.

Sirji

Anil Sir is a swing trader and he trades on EOD charts , that is where the volumes take importance , not on 5 minute charts.This entire thread is devoted to swing and positional trading.

Sorry for butting in but ,nowhere in this entire thread Anil sir has used charts lesser than hourly (correct me if I am wrong).

Intraday trading is a totally different ball game than swing trading.We cannot use the same strategies in both.

 

[karthik_sri]

Dear Karthik,

Ranbaxy got delisted...plz check...

Your database is not update...

Or you are posting it for learning purpose...

Sir,
Yes you are right...though i update my database daily while scanning i didnt notice that these scrips are not updated...ofcourse my data base is updated...thanks for pointing out will look for the date

 

[anil_s_trivedi]

anil Trivedi

T/U for the live reply.

Pl comment on the full chart after mkt reg price behaviour.

Now, yr posting has thoroughly confused me since repeatedly, u were discussing vol on the charts & i thought it is yr Trump card.

Real Carrom ball.

Dear Rangarajan,

Breaking of bars low on 5min/daily is not a sign of weakness itself...Price on 5min generally forms such zones, thats why reading bar wise volume for action is not feasible...

Lets consider, i am getting a buy from my system on hourly, i analyse volume from hourly then i see on 5min...If on 5min, u am seeing that volume efforts are not getting result, wait till it confirms to initiate position...Else it will fizzle out soon...

Volume only helps me in context whats price advancing/declining is supported by healthy volume or not....

Also, most important thing to note is consolidation patterns, those are generally below avg volume bars...Its easier to see what going on then...

 

[anilnegi]

Sir,
Yes you are right...though i update my database daily while scanning i didnt notice that these scrips are not updated...ofcourse my data base is updated...thanks for pointing out will look for the date

Karthik ji

i have seen your chart of 20 days breakout i have never heard this before, did u trade on this basis in intra/swing/positional

 

[karthik_sri]

Karthik ji

i have seen your chart of 20 days breakout i have never heard this before, did u trade on this basis in intra/swing/positional

Anil ji,
No i didnt...but when i scan it came to my mind tht's it...but somewhere i heard of this 20 day high/low..

 

[rangarajan]

Anil ji,
No i didnt...but when i scan it came to my mind tht's it...but somewhere i heard of this 20 day high/low..

https://www.youtube.com/watch?v=y9304sqkWFg

 

[anil_s_trivedi]

TVS motors poster boy of two wheeler industry, started to feel the heat now...
Momentum on higher timeframe deteriorating slowly...Sustaining below 270 will have lower zone move towards 220 a crucial support zone...

 

[anil_s_trivedi]

Pidilite industries is in uptrend on monthly and weekly as well...concern of loosing momentum is already there and resulted in weekly reversal bar, it got stamped with heavy volumes...Now any hopes on strength is above this weekly bar only...But its way high at 648...CMP: 582....For short term levels is strength only above 620 levels...

Now looking at weekly chart prominent support zone is 7 year trendlines support at 540-45 zone, which is closer by...So expect weakness below this zone...

In between there is a S/R level of 565, where we spent full 2015 above below it roaming above/below it...

Its a sign of weakness if price stays below this level, it can have lower S/R levels in sight at 490-95 / 430-35....

 

[rangarajan]

anil Trivedi,

What is yr call on Sunpharma for Positional Buy

 

[anil_s_trivedi]

anil Trivedi,

What is yr call on Sunpharma for Positional Buy

Dear Rangarajan,

It is coming in screening for me since past many days, as stock is holding 50 SMA well...But reluctant to move above the recent sideways is concerning me...

A crucial resistance on upside is at 905-915 zone, above this chances of going higher are much more this scrip...

On short term sustaining below 845-50 will see towards 800-805 levels...

There is -ve momentum divergence on daily, but if price restrained to fall down, and if going sideways, it will have major bullish implications here...

Infact i am positive on stock as long as it is holding 780-800 zone...