Charts for the Day

A

anil_s_trivedi

Well-Known Member
#3,191
#3,191
ravi2126 said:


OBC..looks so attractive..weekly/daily volume breakout..all MA close n moving upward..may give handsome return from here..

Anil"ji ur view pls...
Click to expand...
Yes stock in uptrend..making HH-HL on daily...nicely trending above all moving averages...

Pattern wise, on daily cup & Handle breakout occurred here...

A immediate resistance zone at 155 if cleared poised to test 180 zone...
 
checkmate7

checkmate7

Well-Known Member
#3,192
#3,192
Hi Anil,

What is your view on PNB??

Thanks!!
 
A

anil_s_trivedi

Well-Known Member
#3,193
#3,193
checkmate7 said:
Hi Anil,

What is your view on PNB??

Thanks!!
Click to expand...
PNB in uptrend...For me stock making HH-HL on daily tells me stock in uptrend...alongwith the simple clues of moving averages i follow...

Stock above 200 SMA - Long term uptrend
Stock above 50 SMA - Intermediate uptrend
Stock above 20 SMA - short term uptrend
Stock above 10 SMA - very short term uptrend

The consolidation was on low volumes which is feasible to continue upmove further...
 
checkmate7

checkmate7

Well-Known Member
#3,194
#3,194
anil_s_trivedi said:
PNB in uptrend...For me stock making HH-HL on daily tells me stock in uptrend...alongwith the simple clues of moving averages i follow...

Stock above 200 SMA - Long term uptrend
Stock above 50 SMA - Intermediate uptrend
Stock above 20 SMA - short term uptrend
Stock above 10 SMA - very short term uptrend

The consolidation was on low volumes which is feasible to continue upmove further...
Click to expand...
Hi Anil,


:thumb:

So have you analyised any stock that would give good return on intraday or for a week?

Thanks!!!!
 
VJAY

VJAY

Well-Known Member
#3,195
#3,195
checkmate7 said:
Hi Anil,


:thumb:

So have you analyised any stock that would give good return on intraday or for a week?

Thanks!!!!
Click to expand...
Dear checkmate,
aniljis this thread is mainly for positional trading ...not fixed time frame...after entry observe price @ major resistance areas....if looks weak out from position or tral stops :)
 
A

anil_s_trivedi

Well-Known Member
#3,196
#3,196
checkmate7 said:
Hi Anil,


:thumb:

So have you analyised any stock that would give good return on intraday or for a week?

Thanks!!!!
Click to expand...
If it is known to me what is going to perform over next day/week....i wouldnt have been here...Jokes apart...

You can choose relatively stronger stock than index and look out for momentum trades in the same...thats the only thing i can say...
 
A

anil_s_trivedi

Well-Known Member
#3,197
#3,197






Its a snapshot of reading market sectors/industries...

The Sectoral performance charts gives performance over different timeperiods...Hints us sector gaining favour...When sector is underperformer over long timeframes of 240/120/60 days...first sign of strength would come from when sector starts to perform in 5/20 days timeframe...if its a structural change it will start to gain in 60/120 period timeframe...

The second chart gives ranks of the same...

The third is, top 50 relatively stronger stocks in Nifty500 universe...It gives clues of sectors continuously performing...The final percentile shown here is weighted performance of different timeframes...
 
travi

travi

Well-Known Member
#3,198
#3,198
This is an asset class correlation chart which was published by Bespoke.

Although it is collated from US data but the fundamentals and sector dependencies don't change by continents.

A good way to balance portfolio and forecast sector interdependency.



We can further enhance this.
For example, when auto stocks go up, the auto ancillaries or how crude prices affect petroleum based input raw material like paint stocks etc
 
A

anil_s_trivedi

Well-Known Member
#3,199
#3,199
anil_s_trivedi said:
Nifty update:

With the kind of leading stocks coming up each day, for me it seems nifty is overextended and needed some cooling off here...Todays gap open above 9200 levels, and nifty moving below the same...bulls seems to be complacent here to take above hereon...need some basing here...

Todays action was rejected at same supply line previously drawn on nifty charts...if yuo extend the same the rejection today was from same line...although we are inching up on resisting from that supply line...

Although market moving in gaps but closing on individual bars in not convincing enough...so a likely sideways scenario is the need of hour...whether it will drift down is the question to ask...??
Click to expand...
anil_s_trivedi said:
Nifty:

Now this zone of 9175-9200 is important for any move upward...Remember we moved straight since lows of sub 7900 levels in december...We didnt witnessed any significant correction price wise...so this can be different time...

Such is the ferocity of upmove, that price didnt even tested 20SMA in the rise...
Click to expand...
anil_s_trivedi said:
Intraday strength above 9140-50 only...
Lower support zone at 9060-70...
Click to expand...
anil_s_trivedi said:
Nifty:

Looks like wanna test 8990 zone...fill in the gap...
Click to expand...
20SMA @9005 levels...Will test towards this one...
Momentum on short term is down...intermediate too favouring downside...
Intraday strength on hourly charts will come in above 9100-9110 only...

Looking at daily charts lower support levels coming in at 8950 zone...
 
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