Trading-by-technical-levels

[manoharpillai]

Any one Trading RIL. watch 807 TL support.

 

[ashish2010]

Bajaj-auto at TL support. Expected to move upward.

http://imgur.com/g3jXh

 

[smartshahezad]

Sir, one question....
In this chart the trendline which you have drawn is not touching any price points in between except the first and last price point.

So, will it be a valid trendline ?

According to my knowledge, trendlines are very subjective in nature.. I have read plenty of stuffs on them and everyone can have their own sets of rules and understanding.. Sometimes some people join just two points(H/L) and sometimes some people only consider three points.. There are also some people who do not consider the exact High/Low and take it as unnecessary noise and instead consider a common price(will try to find some charts for this example).. Also there are some(a bit like me) who do not have any levels but have zones instead.. Support and Resistance zones instead of levels..

There might be more types but i am aware of the ones i mentioned above.. It is always advisable to use what is comfortable for oneself..

Hope this helps.. Any criticism is welcome as i might be wrong and i am but a student.. thanks..

 

[manoharpillai]

DLF breaks 219 next TL support at 206..
chart attached click on the link
http://postimage.org/image/4hvevnfvf/

 

[trade4putuval]

DLF breaks 219 next TL support at 206..
chart attached click on the link
http://postimage.org/image/4hvevnfvf/

I do not understand this! DLF still closed above the TL support. I guess TL break down has to happen if the price closes below the support.

Looking at the candle, traders are not willing to let DLF break the support, since on touch of 219, there were buyers!! And I am not saying it will not break down, but at the moment, the TL looks like not yet broken!

Kindly enlighten!!

 

[manoharpillai]

RIL Hit it's TL support at 807 today
DLF broke Horizontal TL at 219 and made low at 211.8
Tatasteel holding it's TL sup. at 411 triangle break out and Res.at 430.

Spot nifty 5630 is support watch this level for trend reversal.

 

[manoharpillai]

Ril, dlf, tatasteel these stocks have defended it's TL sucessfuly and start to move up
watch tatasteel 430 Res. once it takes out expect 7 to 10% move 410 TL sup and SL

Yesbank Manking new High's 402 res. and 392 sup.
If takes out 402 and close can move to 420 430 levels in coming days.

 

[manoharpillai]

A month of consolidation
Selling pressure seen at higher levels Technically 5630 is support.
5640 to 5820 nearly 200 points consolidation range through this month.
The trend could totally turn negative below 5440.
sup. below 5630 are 5574..5517
positive trend reversal on close above 5750

 

[manoharpillai]

RIL. results declared how the stock price could move tomorrow closing price 823
Base TL sup. at 812
Flag sup. 808
Flag Res. 852
break of 808 can take the stock to 760

 

[manoharpillai]

Finally RIL. settled at 810 near to flag sup.508

Bank Nifty (spot)have base TL sup. at 11245....
Flag res. at 11485...... Next res. at 11525.above this can again try to re-test recent high 11755
Break of 11245 will lead to test levels of 11009 and 10780