Trade the chartpatterns with me

[nick721156]

Penant is forming in Grasim daily in the intermediate rally. But, RSI is in overbought area. In case, breaks upward, Target is 2420 apprx. There is resistance at 2300.

Please clarify if I am missing important signs. Trying to learn.

Regards,

Nick

 

[columbus]

Penant is forming in Grasim daily in the intermediate rally. But, RSI is in overbought area. In case, breaks upward, Target is 2420 apprx. There is resistance at 2300.

Please clarify if I am missing important signs. Trying to learn.

Regards,

Nick

After looking at 3-month chart it appears GRASIM may go down.

 

[riser3]

I agree with columbus that grasim may go down as mkt is almost range bound with slight sluggishness unless some good news hits it strongly

cement makers as a pack are also expected to fall down due to dec in consumption from next quarter due to lack of construction activity
comment if I'm wrong

 

[coretrader]

Hi all,

Apart from equity, please look into it also.

I have a ppt for a NFO from JM.

JM Multi strategy Fund

Thanks for all valuable comments in advance.

Regards
Peeyush awasthi

 

[nick721156]

Hero Honda likely to decline. Highway candle has formed after an upmove.
RSI>70.
Please add your views, friends.

Regards,

Nick

 

[columbus]

Hero Honda likely to decline. Highway candle has formed after an upmove.
RSI>70.
Please add your views, friends.

Regards,

Nick

nick,

HeroHonda is looking very good.Since it has been gaining for last 6 days ,take a look it again and enter at around 825.

 

[nick721156]

nick,

HeroHonda is looking very good.Since it has been gaining for last 6 days ,take a look it again and enter at around 825.

dear columbus,

by decline i mean a pullback to the level between of 845 -825 that you have mentioned. we should enter ONLY after having a good look around that.

thanks for your views.

nick