Charts for the Day

Todays high just tested below the TL resistance coming in...The hell of a move this one going on...

Nifty:

Resistance coming in at 8990-9000...
Nifty in uptrend, relentlessly moving up...screwing everyone who missed the rally...

Getting overbought in short term...need a cooldown here...

Unable to post...as images not uploading on imgur since past few days for me...any other reliable alternatives..??

Ani Bhai,

try out tinypic.

hello Anil'ji,


how to read this high volume bar rejection...it always create confusion to mind that should
v buy that script...pls guide

Tinypic as sabhlok_r mentioned, and postimage.io as Ravi mentioned elsewhere. I have found postimage easier.

Sorry...Just joined today only...

My simple definition of uptrend is stock holding 200 SMA and making HH-HL..thats it...

In chart stock getting rejection from previous S/R zone...so its ideal to wait for stock to sustain that zone to go long from there or let it retrace near lower levels till crucial 50 SMA / 200 SMA in waiting to offer support...one can also go for it near crucial support zones...

One thing you need to remember, stock breaking out from such consolidations will have ATR expansion...and then if you are putting stoploss of 2-3 ATR then its quite a bit on higher side...

Also if from your entry of breakout stock taking ATR expansion of 4-5x then better to watch for reversal...or correction in near term...

ATR hi pakad me nai Aa rahahe....as I M using
tradingview site for my charts ....
Don't know how to plot ATR...I have ATR pinescript(but know how to plot)...


Sent from my iPhone using Tapatalk

Dont get too much obsessed with ATR...i use it for trailing for first two days then i trail it with MA..thats it...

Point is when ATR expands too much in short time, we need to judged whether to enter trade or not...as SL will now be bigger if ATR expands...as i use 2-3x ATR SL while entering trade.