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Charts for the Day

Discuss Charts for the Day at the Technical Analysis within the Traderji.com; Originally Posted by manoj2012 Anilji .... That's Dilemma ..... during break outs .... there is ...


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  #3341  
Old 21st April 2017, 03:24 PM
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Default Re: Charts for the Day

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Originally Posted by manoj2012 View Post
Anilji ....

That's Dilemma ..... during break outs .... there is gaining momentum .....

often post breakouts .... pull back happens(sometimes) and also does not happen (sometimes) and stocks just fly away ...... as it happened in case of Ashiyana Housing / Jet Airways /Raymonds /KEC. ...... On the other hand stock like IOC is now consolidating after breakout ....

In case of Gail .... there seems to be relatively slower momentum after break out ....

I am novice ... dont have well defined system as yet ....

Normally I enter after confirmation of breakout with SL just below previous resistance ...which should now act as support ....

The dilemma of taking a conservative trade at zone of consolidation just below break out is that .... break out may happen or may be not ...

what happened in GAIL is I took trade after breakout .... since 400 was previous resistance broken my SL was at 399.... Gail went high to 310.75 ... thereafter at that level price rejection happened and it fell upto 398 ... thereby just taking out my SL ... in what was then seeming like breakout failure .... but by EOD it just improved to 401.75 ... marginally above Earlier Resistance .... even today now it is trading at 397.

I am as yet still just observing ... not planning fresh trade... as this Stock is confusing me
Whether stock is going to be for a clean breakout or will retest or rather will get failed, nobody knows...We as a trader/investor only can control our risk, thats it...Rest market is supreme...

I normally see momentum indicators like MACD...If it is aligned for upward breakout its better... i mean if you are trying for a breakout on hourly MACD i watch on daily charts...

Most of my clues i get are from charts only...the bar formations, closings...spread on the bar...In consolidations normally spreads are narrower with lower volumes...as soon price starts to leave consolidation range, spread expands alongside with volumes..and closings starts to appear stronger..i mean it is near to highs if closing coming on for upside breakouts...


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  #3342  
Old 21st April 2017, 04:28 PM
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Default Re: Charts for the Day

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Originally Posted by manoj2012 View Post
Anilji ....

That's Dilemma ..... during break outs .... there is gaining momentum .....

often post breakouts .... pull back happens(sometimes) and also does not happen (sometimes) and stocks just fly away ......


I am as yet still just observing ... not planning fresh trade... as this Stock is confusing me
Manoj please observe the following charts of Shipping Corp. They are self explonatory it might help you with your entries when stock is in Pull Back.

Also attached is GAIL HRLY chart with possible entry point and SL.

Happy Trading !
SHEKHAR






Last edited by shekharinvest; 21st April 2017 at 04:33 PM. Reason: added image
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  #3343  
Old 21st April 2017, 05:35 PM
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Default Re: Charts for the Day

Anilji, DLF looking good for a target price of 250? Stock making higher high higher lows on monthly, broke put of a downward sloping trend line strong one on monthly charts. Broke out of a range high of 180 on a strong vol, 200dma rising trend, sector good and market good. Too good to miss? sorry my original account is banned else I would have posted a chart

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  #3344  
Old 21st April 2017, 05:47 PM
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Default Re: Charts for the Day




only problem is on daily below 50/20 SMA...

Anil'ji your view plsss...
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  #3345  
Old 22nd April 2017, 09:56 AM
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Default Re: Charts for the Day

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Anilji, DLF looking good for a target price of 250? Stock making higher high higher lows on monthly, broke put of a downward sloping trend line strong one on monthly charts. Broke out of a range high of 180 on a strong vol, 200dma rising trend, sector good and market good. Too good to miss? sorry my original account is banned else I would have posted a chart

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Yes stock in uptrend...upside breakout from monthly Trendline resistance...I may have bias here, i am holding stock since 125-130 zone...

Stock attracted my attention is december...infact i am targeting it since november 8th...when ppl started to say, demonetisation will affect real estate...

Stock formed base on lower volumes, along with momentum divergence is ideal for me...test few qty there...

Regarding target yes 250 - 290 is previous S/R zone...so it can be testable...
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  #3346  
Old 22nd April 2017, 10:05 AM
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Default Re: Charts for the Day

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Originally Posted by ravi2126 View Post



only problem is on daily below 50/20 SMA...

Anil'ji your view plsss...
Raviji,

Stock correcting from 783.9 is more a double top...scenario as of now...

Stock is just at TL support line from feb-2016....Lower intermediate support i am getting is around 660-680 zone...from where stock may try to bounce back...

As it is below 50 SMA...selloff towards 660 zone is more looking ideal...lets see how it goes from here...

If stock is exhibiting strength it will go sideways to down to test 660 zone which is 15% down from recent top of 783 levels...
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  #3347  
Old 22nd April 2017, 08:05 PM
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Default Re: Charts for the Day

Anil'ji, what is your over all view on market....?


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  #3348  
Old Yesterday, 11:27 AM
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Default Re: Charts for the Day

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Originally Posted by ravi2126 View Post
Anil'ji, what is your over all view on market....?


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When Nifty is rising on midcaps breakouts third grade securities started rising, we raised objections for the rise...Nifty is consolidating 3-month long run as of now...

On broad terms its in uptrend, holding well above intermediate & long term MAs 50 & 200 SMA...

9080-85 zone i am expecting to test in shorter term, which nifty tested on friday...sustaining below this zone can see sell-off fast one till 8950 zone...
But if it want to see those levels it may try in this week only...9060 is intermittent stop here...

For next weeks view, 9140-45 is resistance zone, clearing it can test towards 9200 levels...above 9200-9215 probability of taking highs will rise...
On lower side, sustaining below 9140-45 can test towards 9060 zone...

As expiry week, volatility will be there, as results along with expiry positions will put pressure on individual scrips...
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  #3349  
Old Yesterday, 06:14 PM
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Default Re: Charts for the Day

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Originally Posted by anil_s_trivedi View Post


Looking at weekly charts stock had good S/R zone near 190-205 band...But will it correct till that zone is we are not sure...

Now, why 208-212 zones...strong stocks generally corrects 15-25% of their highs...also there is a earlier base of 204-171...so i think stock if strong should not correct till the earlier base formations...

So, plan in the end is going to catch near 212-217 zones with weak below zones of 208...
More lights on above line Anil'ji...it means that if script is strong it will not touch its previous res/consolidation zone after breakout..?

exactly turn from 215-14...
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  #3350  
Old Yesterday, 06:30 PM
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Default Re: Charts for the Day

If possible more examples for this.....with diagram..thnx

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