My trading picks based on classical chart pattern

[sbala26]

Everyday I create watch list of stock based on chart pattern. But I do not trade on all the stocks in my watch list. I think if I post it here, it may be helpful to some traders. I try to post it daily.


Buy Axisbank fut 1254 sl 1230.6 Tgt 1298
Analysis:
It is rectangle breakout with good volume.

Short Hinunilvr fut @ 522.6 SL 533.6 Tgt 513
Analysis:
It is a pullback to the lower line of falling channel

 

[sbala26]

Short Ntpc fut @ 164.9 SL 168 Tgt 160
Analysis:
Symmetrical triangle breakout

 

[sbala26]

Short Jisjaleq fut @ 64 SL 66.3 tgt 58.7
Analysis:
Descending trianlge breakout

 

[sbala26]

NTPC met its target.

 

[sbala26]

Axisbank is performing well just 4pts below tgt, probably it may reach tgt on thursday. But I was holding Jain irrigation and revised SL to 65.4 and sl triggered. unfortunately I could profit neither from ntpc nor Axis.

Buy Zeel dec fut @ 203 Sl 196 Tgt 218
Analysis:
Rectangle breakout on strong note.
Ideally, the 1st contact of rectangle should be of high volume but high volume comes only after two contacts and it's diminishing from there. I am not sure whether this will affect its reliability.


however, I have bought zeel.

 

[sbala26]

Zeel gave a shock in the morning by opening just few points above by SL. It gap down by 2.5%. I thought I was going to loose this. but it kept on raising and closed on green. now many analyst are giving a buy call on this. I hope it will reach its target.

Meanwhile Axisbank has hit its tgt.

 

[sbala26]

Zeel hit its SL.

Buy Biocon fut @ 288.2 sl 283.15 Tgt 298
Analysis:
Trianlge breakout

 

[prabhsingh]

Zeel hit its SL.

Buy Biocon fut @ 288.2 sl 283.15 Tgt 298
Analysis:
Trianlge breakout

Can you post the chart please?

 

[sbala26]

Biocon fut hit its target.

Buy Ibrealest fut @ 71.5 Sl 70.25 Tgt 80
Analysis:
Triangle breakout.
Breakout does not have strong close. One may consider this if it stays above 72 at 10.00 and dips .


Short Gujfluro fut @ 337.5 SL 341.9 tgt 300
Analysis:
Head and shoulder pattern in formation, it is not yet completed.we are shorting on anticipation of breakout.

 

[sbala26]

Buy Exideind fut @ 144.7 SL 144 Tgt 154
Analysis:
Rounding bottom

Buy godrejind fut @ 310.5-312.6 SL 305.4 Tgt 330
Analysis:
Head and shoulder
Volume in right shoulder though lesser than the rally of either side, it is significantly greater than head of the pattern. This may affect its reliability.