Charts for the Day

A

anil_s_trivedi

Well-Known Member
#3,351
#3,351
ravi2126 said:
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...:clapping:
Click to expand...
Raviji,

Stock move up on account of bases/consolidations formations...There is no rule as such that corrections should hold previous bases highs...But if rise was a strong one when price take off that base and if it was with volume, then hardly market gives a chance to reenter when again price gets closer to base...

Take any chart, the chart with fewer corrections moves steadily up without shedding any gains..they get correct hardly 15% or so from its recent highs and again moves up...(bharat forge is run up of 2013-august to 2015 march)...this is sign of stronger stock...
 
A

anil_s_trivedi

Well-Known Member
#3,352
#3,352
anil_s_trivedi said:
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...
Click to expand...
Just a reminder...
9140-45.............9200-15...........

This zone of 9200-15 need to be dealt with for any further gains...
 
manoj2012

manoj2012

On Probation
#3,353
#3,353
A

anil_s_trivedi

Well-Known Member
#3,354
#3,354
anil_s_trivedi said:
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...
Click to expand...
Got another ATH today...lets see whats in store now...
 
manoj2012

manoj2012

On Probation
#3,355
#3,355
anil_s_trivedi said:
Got another ATH today...lets see whats in store now...
Click to expand...
Anilji .... what is the next congestion zone for NIfty .....


And

In last 10 days & Even today Housing Fin Space has been very strong ....

Which HFC stock as per chart ... look best now ?
 
manoj2012

manoj2012

On Probation
#3,356
#3,356
anil_s_trivedi said:
Got another ATH today...lets see whats in store now...
Click to expand...
ATH means ...... Sailing in Uncharted Waters ... ?? .... OR ...... Driving on a Signal Free Highway .... ??
 
A

anil_s_trivedi

Well-Known Member
#3,357
#3,357
manoj2012 said:
Anilji .... what is the next congestion zone for NIfty .....


And

In last 10 days & Even today Housing Fin Space has been very strong ....

Which HFC stock as per chart ... look best now ?
Click to expand...
manoj2012 said:
ATH means ...... Sailing in Uncharted Waters ... ?? .... OR ...... Driving on a Signal Free Highway .... ??
Click to expand...

Nifty taking ATH's but Sensex is just not happy it seems... :)

Housing fin space on run since past January...it needs a cooldown a little to re enter...

Markets at ATH and Advances:1025 Declines:503....whats cooking up...

Bull markets giving chances to load up the shares, is not a healthy bull market at all...it runs madly...You need to pay more everytime you feel to enter, thats the bull market for you...

I am religiously following my moving averages & trendlines to analyse...Let it close below 50 SMA to mark some weakness in intermediate term...till then play with trend, buy selectively...
 
manoj2012

manoj2012

On Probation
#3,359
#3,359
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