Charts for the Day

[anml]

Anilji how looks Lichsgfin chart , previously slightly hovered near 200 ema and supported and again resisted near 50 ema , this time will hold 200 ema ? what see is , if suppose nifty not supported next 635 is horizontal support line now , are any other support in this script , if suppose fall where is next support ? whats your overall view ?.

 

[anml]

in 200 sma still support there , and also EW chances to ABC from bottom , rsi 34 nearing oversold region , thinking to take in Futures ,

 

[anil_s_trivedi]

Would tend to imagine much more worthwhile buying stocks near or above highs and now having glaring downside trajectory in charts..... Common dow theory ... Especially in bull markets.... Much higher percentage gains possible in already stocks which are winners.... Any thoughts!? We can have higher allocation to those ......

For trading again.... Daily charts may not be appropriate to play the buys ....

I am a trend follower...Here in this thread i had stated many times, its money management when you choose every trade...Many buy at multi year lows support, but you need to have different capital allocation as compared to scrips in uptrend..nothing wrong in strategy to buys at lows but you need to understand how much you are betting...

Many of my charts in majority here are scrips in uptrend making higher highs - higher lows, above 200 SMA...

The first thing stock showing life signs is when it starts to trade above 200 SMA, this is simple rule i had followed years i am into trading/investing...

 

[anil_s_trivedi]

View attachment 22369

Anilji how looks Lichsgfin chart , previously slightly hovered near 200 ema and supported and again resisted near 50 ema , this time will hold 200 ema ? what see is , if suppose nifty not supported next 635 is horizontal support line now , are any other support in this script , if suppose fall where is next support ? whats your overall view ?.

200 SMA @ 637...so prominently this 625-635 zone should hold on...625 is 2016 high...
If stock breaks this zone next support coming in at 575 / 520-525

 

[anml]

200 SMA @ 637...so prominently this 625-635 zone should hold on...625 is 2016 high...
If stock breaks this zone next support coming in at 575 / 520-525

Okji thanks. yes i forget to quote that prev resistance 625 as support now , Thanks .

 

[khurshedmanjra]

NUCLEUS SOFTWARE

Anilji, This stock tests the patience of traders/investors to the hilt. It has recently managed to come above 50dma, and 200dma might give good support this time around. RSI, MACD, Slow Stochastic all pointing upwards. Very short term trend line resistance could be broken. Better days ahead for this stock ?

 

[anml]

View attachment 22371

in 200 sma still support there , and also EW chances to ABC from bottom , rsi 34 nearing oversold region , thinking to take in Futures ,

LIC Hsg fin rocking , Opening taken in cash 100 qty and again added 100 in intra and exited both within 30 min. near 2k gains again taken 50 qty in positional

 

[anil_s_trivedi]

NUCLEUS SOFTWARE

Anilji, This stock tests the patience of traders/investors to the hilt. It has recently managed to come above 50dma, and 200dma might give good support this time around. RSI, MACD, Slow Stochastic all pointing upwards. Very short term trend line resistance could be broken. Better days ahead for this stock ? View attachment 22374

Positive on stock as long as it holds 284-288 levels...

 

[anil_s_trivedi]

CNX PSUBank below 200 SMA, also broken crucial S/R zone...

 

[anil_s_trivedi]

Bata undergoing inverted H&S formation...the recent rally from june lows was from double bottoming...keep in sight if breaks the neckline a good upside in sight...