Charts for the Day

[anil_s_trivedi]

Nifty update:

-ve div appearing in nifty 5min charts for momentum indicators. Indicating pace of rise decreasing with every peak in price.

sustaining below 7520 not good for this hour.

 

[mvkarthik]

Dishman pharma stock long at 93

 

[manojborle]

Dishman Weekly chart

Weekly close must be greater than 93 for setup to be valid.

 

[praveen taneja]

Dear PTji,

Punj lloyd is one such stock who is rising from ashes since many months of consolidation in the range 24-30 odd range.

If i see chart with Relative strength perspective, stock broken up the consolidation phase and volume showing persistent rise with higher levels..also OBV of stock is rising since past few months, its a good indicator of accumulation.

In short term one more attempt towards 49 odds still remains. and stock should hold of 36 levels in near future.

Long term chart for stock are ultra bullish, momentum on weekly if i tell you suggesting immediate tgts for doubling. I know momentum is a laggard indicator, but setups dont reverse overnight, unless some solid bad news is there.

But yes stock looking good on all parameters. There is a short term pullback in it. And i see chasing recent highs of 46.8 above tgting 49 zone.

Stock has given buy on monthly for me. So i will try to see where to enter on any retracement, if at all it comes.
I

Bro any change in view as it is strugging to cross 52 week high 46.80 today it kissed but went down to 45 ???

 

[a1b1trader]

Bro any change in view as it is strugging to cross 52 week high 46.80 today it kissed but went down to 45 ???

PT Bro
Chinta mat karo!!!

Its the celebration time now.
Next week, you will see it not only crossing 52 weeks high but around 50 (min) also,
Further the scrip look good for further rise.

Anil bhai has analysed the scrip very well.

 

[anil_s_trivedi]

Bro any change in view as it is strugging to cross 52 week high 46.80 today it kissed but went down to 45 ???

Dear PTji,

Yes stock facing resistance at 52 week high. But closing wise still UP. So dont have a reason to see weakness. Only thing concern me will be breakout i am expecting on huge volumes. So stock had to perform on this parameter.

Prev weeks somewhat bearish candle effect is cancelled this weeks bar. so stock is coming back but slowly.

 

[niftytaurus]

Namaskar AnilJi
I want to know your view about south india bank..area of 30 is giving it resistance from last 3years..& it has been in range of 20-30 from last 3 years...please share your views.
Regards

 

[santhosh2010]

 

[khurshedmanjra]

Good afternoon dear Santhosh2010. I presume the chart suggests ROUND BOTTOM, with a break out happening any moment. Would appreciate if you could share your views/analysis and targets for short/medium term. Regards. Khurshed.

 

[anil_s_trivedi]

Namaskar AnilJi
I want to know your view about south india bank..area of 30 is giving it resistance from last 3years..& it has been in range of 20-30 from last 3 years...please share your views.
Regards

Dear niftytaurus,

South indian bank looking good on price action front. Monthly closings were good, and this times it seems highs will taken off.

On weekly, OBV already breakout above consolidation zone of almost three years. Although Relative strength wise its still underperforming, but anyways looking at volumes it seems catching up action has begun in this stock.

The range of daily bar is getting narrowed as it is approaching highs, it requires caution here, Although expansions preferable side is UP.

Weekly momentum indicators are pointing UP, although on short term there is -ve div, but looking at price action it seems it is going for time consolidation, which is strong one and trend my continue upwards.

I will be cautious is its closes below, 28 on daily and 27 below on weekly.