Charts for the Day

Sir, you meant its too early to call market top.

Vivek
vivekji,

As per technical rules its too early to call a top..but yes for aggressive players that was point to go short as trendlines confluence the risk reward is better at those levels...

We here called the zone of 10140-10150 a good zone to clear easily...and caution is advised the reason is same...
 
Anilji, please enlighten us on the concept of 3 WHITE SOLDIERS chart pattern.
Case in point....Mahanagar Gas Ltd.

Thanks and regards.
Khurshed
Khurshedji,

I dont watch candle patterns. I only seem simpler ones like engulfing and doji ones...rest all above my head...
I think any other traders who trade extensively on these can only comment...
 
If one is entering today near to 1400, aggressive SL will be closer to 1360...below yesterdays lows...
Conservative one will be below 200 SMA...

upside 50 SMA @1436 levels...so it may resist there...as if you see chart earlier resisted zone in july start is at 1440-1450 levels...so yes this region has previous supply...

so its actually a part booking zone for me...near to 1440 levels...
Will exit PVR with closing below 200 SMA coming in...