Charts for the Day

Anilji,
I could see a huge volume area around 375.90 - 361.25...if i look at the left to the Chart the price went high from that level and will not act as Demand zone now?

View attachment 22642
Yes certainly previous high volume zones act as S/R zones and if possess price levels S/R too then its a better one...But for those who are a pure MA based trend follower below 200 SMA the case is over... They wait for price to bounce above 200 SMA and further price action helps in re-initiating the position in the stock...
 
sir,

is this valid bullish divergence?

thanks

View attachment 22673
It is hidden bullish divergence..where momentum makes lower low while price makes higher lows...Implies inherent strength in price...

Not a rule but many see regular divergences as trend reversal and hidden ones acts as trend continuation...
 
Anilji ,

How does MOIL and DHFL looks now -



 
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Anilji ,

How does MOIL and DHFL looks now -



Moil in uptrend borken 5-years high...buy any fall towards 50 SMA...

DHFL again in uptrend. too much volume coming in this leg...Probably highest weekly volume since inception...so buy with tight stoploss...Weak below 50 SMA, also its coming in at swing low of 520...
 
Happy Deepavali to dear friends here in TJ...

Let the coming year be full of best of health, wealth and prosperity for you and your loved ones...Enjoy the festive season, invest regularly, make your own plans to pursue your dreams...start is necessary whether its small or big is secondary...There is no best time to do anything useful...its the present which matters...