Charts for the Day

A

anil_s_trivedi

Well-Known Member
#4,191
#4,191
raj_caps said:
sir how to enter swing trades in this scenario. can you share view on RNAVAL
Click to expand...

I prefer to stay away from Reliance camps stocks, barring Reliance Industries...

RNaval is in downtrend trying to gain strength on daily charts marked higher highs higher lows , would love to see holding 13 odd levels for this run, it might test towards 16.5-17 levels first. Only above 20 zone it can be said stock gaining strength on weekly...
 
R

ravi2126

Well-Known Member
#4,192
#4,192
anil_s_trivedi said:
I prefer to stay away from Reliance camps stocks, barring Reliance Industries...

RNaval is in downtrend trying to gain strength on daily charts marked higher highs higher lows , would love to see holding 13 odd levels for this run, it might test towards 16.5-17 levels first. Only above 20 zone it can be said stock gaining strength on weekly...
Click to expand...
What will b entry point @CMP or above 17...?
Many stocks showing this type of formation, Specially PSU BANK stocks
 
A

anil_s_trivedi

Well-Known Member
#4,197
#4,197
onequorauser said:
Can you please explain how do you predict volatility? Is it because of budget/election/brexit/US shutdown or purely technical?
Click to expand...
Yes, price action is contracting too much, and expansion coming in sooner...Its purely technical, although events are too coming in during same tenure...I hardly quote events while analysing, its purely price alone which determines my view...

As price is sitting on 200 SMA and now all MAs like 21/50 also coming in closer, meaning different timeframe players are not having clear perspective about price action going on...
 
onequorauser

onequorauser

Well-Known Member
#4,198
#4,198
anil_s_trivedi said:
Yes, price action is contracting too much, and expansion coming in sooner...Its purely technical, although events are too coming in during same tenure...I hardly quote events while analysing, its purely price alone which determines my view...

As price is sitting on 200 SMA and now all MAs like 21/50 also coming in closer, meaning different timeframe players are not having clear perspective about price action going on...
Click to expand...
Thanks for the insights!
 
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