Charts for the Day

[anil_s_trivedi]

Head & shoulders appearing prominently on Sensex....for pattern lovers only...

 

[vikas2131]

Head & shoulders appearing prominently on Sensex....for pattern lovers only...

what about nifty and bank nifty , sir?

 

[anil_s_trivedi]

what about nifty and bank nifty , sir?

There is one on banknifty also...On nifty the it can be made but here lows of april fits better for neckline...

 

[vikas2131]

There is one on banknifty also...On nifty the it can be made but here lows of april fits better for neckline...

So my guess of sell off after fed meeting might just turnout to be right..

 

[traderniftybull]

Head & shoulders appearing prominently on Sensex....for pattern lovers only...

Anil ji,
there is a shlok in RamChariManas
“Jaki rahi bhavana jaisi, prabhu murat dekhi tin taisi.”

So, If one is bearish he will see bearish pattern and if he is bullish he may see bullish pattern in this chart, as well.
BTW, this H&S is there for last quite a few days, but nothing has happened, so far.

Also, members, do not infer that this H&S has negated.

In all 3 major indices, NIFTY, BN and SENSEX
Its cats on a wall situation
kab kidhar koodegi, pataa nahin

 

[anil_s_trivedi]

So my guess of sell off after fed meeting might just turnout to be right..

dont know, whether selloff or not...it will show it on some leading stocks first...try to identify those...

 

[anil_s_trivedi]

Anil ji,
there is a shlok in RamChariManas
“Jaki rahi bhavana jaisi, prabhu murat dekhi tin taisi.”

So, If one is bearish he will see bearish pattern and if he is bullish he may see bullish pattern in this chart, as well.
BTW, this H&S is there for last quite a few days, but nothing has happened, so far.

Also, members, do not infer that this H&S has negated.

In all 3 major indices, NIFTY, BN and SENSEX
Its cats on a wall situation
kab kidhar koodegi, pataa nahin

I just see pattern as a visual aspect, unless i have backup stock charts to come to conclusion of possible distribution its futile to trade the pattern...

Thats why i follow moving average alongwith, atleast its better to sit out than predicting what will happen...

 

[ravi2126]

Hi Anil ji,
Any idea how to picks BTST....?

 

[anil_s_trivedi]

Hi Anil ji,
Any idea how to picks BTST....?

Raviji,

Honestly i never played BTST...but i think momentum expansion scrips must be there in screening them...let other comment on it...

 

[anil_s_trivedi]

Aggressive play out here...a breakout coming in..volume buildup good...A weak case below 174-175 levels...