Charts for the Day

anil Trivedi,

Drreddy, when looked from TD strategy ( from complete ) is a Buy >2960.
This strategy ( sequential & complete even applied seperately ) invariably gives reliable results.

But on EOD, this stock had breached Triple Bottom,Down Trend Lh, LL, trading below ema10,20,50 ( yr preferred ), Macd, stochastic negative. Macd over sold ( which again subjective ), Stoch O/S. Weekly chart i with limited knowledge find flag for bear continuation.

Pl analyse from yr Price action angle,

Anil'ji..how to select stock to trade for time 7-10 days...it always create confusion to my mind..what ur experience says...?
As i know that u dont trade for such small time......

Not interested in catching bottom...If one need to ventured into this one, look for hourly breakouts...Although stock is oversold looking historically...

Play with lower capital allocation in stocks into downtrend...

Stock in uptrend as seen from weekly and daily charts...Weekly approaching resistance zone of 124 level...Clearing above that will have tgts of around 150 zone...

Ideally not in position to initiate longs here...as trend is near to have some resting zone...watch the recent run up having different angles of run up, implying strong trend undergoing...but such trends end up abruptly...as stock moves up with fewer consolidation bases...