Some charts live ... I might think to trade ! (short to very short term or intraday)

[nitingosavi]

Re: Some charts live ... I might think to trade ! (short to very short term or intra

two more stocks which i think are on the verge of probable short term breakdown. It can be wrong while trying to find probability with possible reasons

Asian Paints daily
1.looks like a double top. and followed by a lower high.
2.last bar is a key reversal bar
3.any rise in crude oil prices which is extremely oversold rgt now can have some negative effect on this stocks price. i think it relates with something "raw material" but dont know surely.
4.it closed just on the recent support line.. a little push down can give us a good trade.

Icicibank daily. just a little push down needed.. may happen today(?)
1.fallen after making top and consolidating.
2.broken a long trend line on daily chart.
3.looks like a HnS to me but not sure.
4.EMA 34 below EMA 55.
5.Rupee weakning against USD

 

[nitingosavi]

Re: Some charts live ... I might think to trade ! (short to very short term or intra

just a probability... if comes true.....my chart space is not enough !!:clap::clap::rofl:

I am thinking to have this as 1st stock in my portfolio. its 1st time i am going to buy a delivery with min a year or 2 perspective.
reliance daily

reliance weekly

 

[nitingosavi]

Re: Some charts live ... I might think to trade ! (short to very short term or intra

i believe.. this will take nifty to 8050-8100 zone may be in a day or 2.
dow jones. hourly live. investing.com already 2.5-3% up.

 

[nitingosavi]

Re: Some charts live ... I might think to trade ! (short to very short term or intra

if 15750 held today it can easily bounce to 17000--17200
seems i am over expecting... but still if it held i am going to go long in nifty.. PNB.. DLF.. banknifty on monday with whatever lower price i get. s/l ka baad me dekhenge

Dow jones Daily.

 

[nitingosavi]

Re: Some charts live ... I might think to trade ! (short to very short term or intra

Time for a bounce..? not talking abt trend... just expecting a bounce.

I am looking to buy.. nifty BNF pnb sbi dlf

cnx NIFTY spot daily.

 

[nitingosavi]

Re: Some charts live ... I might think to trade ! (short to very short term or intra

these two stocks I would try to trade in coming days..
expecting some BIG moves...

Bankindia Daily chart.
1. may be bottoming for at least short term.
2. far away from EMAs. generally price tends towards EMAs either by consolidation (waiting for averages) or by jumping towards them.
3. slight positive divergence in RSI(15). MACD. SMI.
4. already tried to break current channel on upside.. could not sustain testing channel support again.
5. volume is very good since last few days... many times observed near bottom reversals.
6. a scope(unclear) of rupee appreciation against USD may add a flavour.
7.I guess just push above todays high will be helpful to enter if sustained.

DLF Daily chart.
1. looks like a short term double bottom to me.
2. a trend line break and retest(?)
3. Volume good enough.
4. RSI MACD in positive territory.+ positive divergence.
5. I guess just push above todays high will be helpful to enter if sustained.

Again its my own study... and it can be 100% wrong.

 

[nitingosavi]

Re: Some charts live ... I might think to trade ! (short to very short term or intra

will its reach Blue zone..?(in this series)

its nifty fut 5min intraday chart. last few days given many probabilities of (Intraday) trades... I didn't traded all of those..but possibilities.. and many times keeping an eye on nifty chart helps me with my stock wise trades.

I was with banknifty sbi pnb tatamot tatasteel.bob dlf etc.

aprox sup res lines for Monday reference taken from Volume at price indicator.

you might not like indicators overlapping each other.. but it helps me a lot to identify diversions and quick entry and exits. RSI 15/5/and 2 and SMI(s) with diff parameters.

 

[nitingosavi]

Re: Some charts live ... I might think to trade ! (short to very short term or intra

if todays closing of dow remains like this or better.. there is a scope that it may rise another 300-500 points in near future..

if the "above" happens it can drive our nifty easily to 8050-8130 area..
lets see what actually happens.

 

[nitingosavi]

Re: Some charts live ... I might think to trade ! (short to very short term or intra

banknifty weekly..
trying to guess the possibilities as something big may happen tomorrow after tonight's FED.

there is a 30% chance (as many more confirmations needed) that this fall is just a correction..

I am trying to study possible reasons. for both scenarios.
bullish
1. on weekly chart banknifty corrected 38.2% of the major rally 8392 to 20907 and for now we can say bouncing.
2.It has taken support at earlier B/O zone or we can say current demand zone (drawn green box).
3. It has taken support at the rising channel bottom line (drawn red) and taken support at falling channel bottom line (drawn thick golden-- it has just 2 touch points on downside )
4. EMA 34 is yet above EMA 55.
5. a small rise and close tomorrow can easily cross EMA5 currently at 17092 (generally gives another 1-3 candles towards the direction of cross over)
6. there is no major visual negative diversion on RSI before this fall.
7. there is no major visual negative diversion on MACD before this fall.
8. Rupee may appreciate against USD.
9. looks like taken support near @ 100 MA currently at 15690 (thick Blue).
10. entered Bollinger band again from below.

for any chance of success of bullish probability it must cross current supply zone 17135-17474 (with volume) then 50% level of current fall 18334. then current falling channel top.

bearish
1.already in falling channel.
2. broken supportive trend line(s).
3. already trading below resent supply zone..
4. bulls have many hurdles to cross and bears have just 1.. recent swing low!!.
5.macd (12,26,9) and its signal line already below zero line.( a sharp rally may cause zero line reject).

so if this scenario primarily to continue.. Banknifty should not cross current supply zone. and/or 38.2% retracement level of current fall(17727). a possible fall may get more strength if it consolidates below those levels and recent low.

these are (weekly) are not the charts I trade as I am a short-very short term trader.. just tried to analyse. my bias is bullish until recent swing low breaks.

 

[nitingosavi]

Re: Some charts live ... I might think to trade ! (short to very short term or intra

Blue zone reached... :clap:

will its reach Blue zone..?(in this series)

its nifty fut 5min intraday chart. last few days given many probabilities of (Intraday) trades... I didn't traded all of those..but possibilities.. and many times keeping an eye on nifty chart helps me with my stock wise trades.

I was with banknifty sbi pnb tatamot tatasteel.bob dlf etc.

aprox sup res lines for Monday reference taken from Volume at price indicator.

you might not like indicators overlapping each other.. but it helps me a lot to identify diversions and quick entry and exits. RSI 15/5/and 2 and SMI(s) with diff parameters.