Charts for the Day

[manojborle]

Anil Sir, So I think tatamotors I can book full profit as its trading below both 50/200 SMA and wait for re entry in it. Rest all stocks well placed for more gains, Is my understanding correct ?

Thanks

 

[Raj232]

Is Reliance likely to make a upward breakout ? Many brokers were recommending Buy and hold Reliance Equity today..

 

[anil_s_trivedi]

Anil Sir, So I think tatamotors I can book full profit as its trading below both 50/200 SMA and wait for re entry in it. Rest all stocks well placed for more gains, Is my understanding correct ?

Thanks

Tatamotor is trying to form a basing here...positive on stock as long as 415-420 holding...A good intermediate buy will be above 445-450 only...

 

[anil_s_trivedi]

Is Reliance likely to make a upward breakout ? Many brokers were recommending Buy and hold Reliance Equity today..

Stock consolidating just below 52 week high...and that too with tight range...What one can expect in a bull market...UP only...
I had posted weak below levels for reliance in my earlier posts...till those levels get broken i am positive on stock...

 

[anil_s_trivedi]

Aggressive play out here...a breakout coming in..volume buildup good...A weak case below 174-175 levels...

Attended highs of 280 last week...but i was out 50% position in november itself and rest in december when close was below 50 SMA trailing...After that got buy again but ignored as funds already invested...

The volume signature need to be identified while stock trying to bottoming out...

 

[anil_s_trivedi]

Wockhardt pharma trying to get a life lets see stock holds above 200 SMA...signs of changing...keep monitoring...

These are charts ideas posted earlier...what seems difficult at that moment, seems a easy run up now...but do we have patience to sit tight...and just let the price tells its story...

 

[anil_s_trivedi]

Not predicting Pharma bottom, but pharma index tested crucial zone today...again i am not advising for blindly longs here, only stating what i am seeing...

We identified possible bottom..and see where pharma is now...Once you get some key hints from trading levels and volumes..just watch for some key stocks in sector to enter and then just sit tight...

 

[ravi2126]

View on HDFCLIFE pls.

 

[anil_s_trivedi]

View on HDFCLIFE pls.

For intermediate term support zone at 378-383 levels...For long term support zone at 370 levels...Positive on stock as long as holding 370 levels...
Stock overextended as of now, too much volumes coming in, needed a cool off..

 

[anil_s_trivedi]

Edelweiss going sideways since past few months..pattern lover may call it rounded top...Top or not is not my forte...but yes stock going into weakness if sustains below 290-295 levels...more below 270...till 230-235 a good support zone in long term...Only solace for a bounce back case is below average volumes on downfalls...

Financial stocks/broker topping out is not good for ongoing bull market...So bull need to act sooner to save its cause...