Analysis of charts - discussion share ur views

[saivenkat]

Thanks a lot sunny bhai for giving me nice good intakes that is a need for me.

Surely, but steadily i will try to put all those i learn here in to practice.

Regards
Saivenkat

 

[saivenkat]

hi sai

I dun understand why this ji is suffixed :annoyed:


please buddy call me vishal its such a nice name

GNITE

Oh ho friend, ji or sir comes to me automatically, when i address some one, please don't mistake me. I will try to correct it.

Take care friend
Saivenkat

 

[vishalalluri]

HI FRIENDS

GOODMORNING JUST GOT UP

IF MARKET MOVES UPWARD I GUESS UNITECH WOULG GO TO HIGHER LEVELS AS HAS SUPPORT AT 100.20 AND ANYWEAKNESS IN NIFTY IT CAN GO TO 90-95 LEVELS WHERE THE PRIMARY TREND LINE WOULD GIVE IT SUPPORT

 

[vishalalluri]

hi friends posting YESTERDAYS chart of tatapower

TODAYS MOVE
A BREAK ABOBE THE PATTERN TO 1355 LEVELS
OPENED 1322
HIGH 1355
CLOSE 1343

WILL POST TODAYS CHART LATER IN THE EVENING

 

[saivenkat]

Good Morning Vishal and as usual your chart is interesting. Is the formation of Symmetric triangle in Tata power?

Okay friend,( look buddy i have dropped Ji and Sir) today i have tried my hand on Titan industries chart and have drawn something, in the name of chart, ha ha ha...and here i am posting for my friends' opinion here. Please correct me where i have made mistakes, and also please say whether i have correctly identified the pattern or not.

Regards
Saivenkat

 

[vishalalluri]

Good Morning Vishal and as usual your chart is interesting. Is the formation of Symmetric triangle in Tata power?

Okay friend,( look buddy i have dropped Ji and Sir) today i have tried my hand on Titan industries chart and have drawn something, in the name of chart, ha ha ha...and here i am posting for my friends' opinion here. Please correct me where i have made mistakes, and also please say whether i have correctly identified the pattern or not.

Regards
Saivenkat

HI SAI

INTERESTING I LL POST THE SAME CHART WITH MY VIEWS

I REALISED LATE THAT U HAD POSTED A WEEKLY CHART OF TITAN IND HE HE

OPINIONS MIGHT VARY ANALYSING MIGHT ALSO VARY

AFTER THE DOJI FORMED ONE CAN EXPECT A TREND REVERSAL THEN ONE CAN LONG HOLD OUR POSTIONS TILL WE SEE ANF OTHER INDICATIONS/SIGNS OF REVERSAL AS U POINTED OUT AS HANGING MAN .

A BUY AFTER THE DOJI WHEN WE GOT A WIDE RANGE BAR (21ST-25JULY WEEK) CLOSING ABOVE THE PREVIOUS CLOSE AND HOLDING TILL THE HANGING MAN WUD GIVE US ENUF POINTS

RESISTANCE LEVLS AS SHOWN BY YOU \I THINK THAT COULD HAVE BEEN MORE ACCURATE LINE TOUCHING THE TWO HIGHS AS DRAWN IN MY CHART SO THAT NEXT TIME WHEN THE PRICE MOVES NEAR THAT LEVEL WE CAN WAIT FOR AN BETER BREAKOUT WHICH IS CONFIRMED.

IM NOT SURE ABOUT THE BUMP AND REVERSAL PATTERN


WE SHOULD ALWAYS KEEP AN EYE ON MOVING AVERAGES WHICH SHOWS BULLISHNESSMORE LEFT WITH TITAN
AND GMMA ALSO SHOWS MORE UPSIDE LEFT IN THE LONGER PERSPECTIVE

HOPE THIS COULD ADD TO UR KNOWLEDGE

 

[saivenkat]

Thank you friend, for sharing your views about the chart. I have noted your points. Thanks a lot
Regards
Saivenkat

 

[saivenkat]

Friends please clarify my doubt, what does this mean? Secondly what is the short term target of Polaris software? Because i have some shares bot at 165 lvls long time back, and i plan to exit in this upmove. please advise on this scrip.

Regards
Saivenkat

 

[vishalalluri]

Friends please clarify my doubt, what does this mean? Secondly what is the short term target of Polaris software? Because i have some shares bot at 165 lvls long time back, and i plan to exit in this upmove. please advise on this scrip.

Regards
Saivenkat

hi saivenkat

when did u buy polaris @ 165 i see the 52 week high @158 levels

what u have shown in the chart is not rsi but stochastic oscillator .I think u were in hurry

And the the rsi levels for polaris it has never crossed the neutral levels downwards so it looks strong

140 142 looks like support .


I cant tel u targets i think such a query can be cleared by other seniors in other threads but 165 doesnt look far away to me u shud hold

try changing ur stochastcic setting to 8,3,4 it will give u better picture

we have the stochastic at around above 70 levels formore than 5 bars and this week it touched 20 region and bounced back ..this should not be seen as bearish

so hold and wait for ur 165

please letme know when did u buy @165 was it years back

One more thing to watch the biggies infosys and wipro have been seeing some correction so keep a watch

 

[saivenkat]

Dear Vishal
You are absolutely correct friend in deciphering things.:clapping:

Today afternoon during my lunch break, (during 1pm to 1.45 pm)i tried to clear my doubt that was constantly haunting my mind for a long time, so i came up with this chart. So in a hurry i mentioned stoch indicator as Rsi, did not gave much attention to my posting here.

Secondly i bought polaris during the year 2007, i think so, and not in this year.

Thank you friend for your valuable response.

Have a good day. Happy Diwali:thumb:


PS: How to get to know your mail id friend, i think posting mail id directly in this forum is not allowed.