Charts for the Day

[davincy]

Same thing happening in the nifty monthly chart.so overall market is bearish?.in coming month nifty will touch 7400 which is 50ema support or major support at 6800?

Davincy

 

[anil_s_trivedi]

LIC housing finance is falling since 624 almost 16% fall seen...A support zone is coming in at 505-520...If failed to hold this zone, its a weak case below 500 levels...

 

[VJAY]

Dear Anilji,
Most of scrips made correction. which scrips are now in radar for Long?

 

[anil_s_trivedi]

Dear Anilji,
Most of scrips made correction. which scrips are now in radar for Long?

Vjayji,

Follow scrips that are holding 200 SMA. Scrips below that are prone to test lower levels...stay away from them...

I am expecting another round of big volatile action in few days...may be Thursday/Friday...

 

[rangarajan]

Hullo anil s trivedi,

How r u?
Long time.
I am back in action.

 

[ravi2126]

Anil'ji how u read sadhhav eng chart,as market is falling but it does'nt,how to read this type of scripts....v can say it is strong one ?

 

[ampa]

Hi Anilji,

What's your view on Dabur? Is it possible short if it falls below 269?

Thanks
Amruta

 

[anil_s_trivedi]

Hullo anil s trivedi,

How r u?
Long time.
I am back in action.

Hi,

Man where you are...A long break...??

 

[anil_s_trivedi]

Anil'ji how u read sadhhav eng chart,as market is falling but it does'nt,how to read this type of scripts....v can say it is strong one ?

Stock missing downside volumes,also holding 200 SMA...It implies strength in stock...

On weekly timeframe, stock going sideaways since past year or more...

Anything one goes long near 200 SMA need to have stoploss with ATR based or fixed %....

Take it slowly, as major index is still below 200 SMA...

 

[anil_s_trivedi]

Hi Anilji,

What's your view on Dabur? Is it possible short if it falls below 269?

Thanks
Amruta

The more stock stays below 200 SMA more it prone to test lower levels...
One thing for more downside it needed good volumes based selling...

If it comes back above 200 and 50 SMA it will give new hope for bulls...