Charts for the Day

[anil_s_trivedi]

Dear santhosh,

Thats a good chart pattern you spot on. Relative strength too improving on weekly.

Rounding patterns breakout generally lead to vertical rise, as it seems to be going on now.

I will cautious if it fell below 107 now.

 

[shreeux]

Dear Santhosh,

Thanks for suggestion..of your view...Recently bought @ 109 for short term of 128>>143.,

In market so many scripts available..How to find out some scripts break our for fresh bull run....on daily basis with matching patterns...If any websites available kindly suggest..

Thanks in advance...

 

[anil_s_trivedi]

Nifty update:

Prices opened with gap up on friday, attempted intraday low at 7497 and moved higher towards the end, with closing towards high. This is all price action strength as of now.

On Daily, closing is too good. And momentum signals are up as of now. ON hourly also momentum signals are up and development of -ve div is in progress. Remember we identified -ve divergences on 5min too, and placed price action levels to confirm it, but prices shown strength and refuse to budge down, this is what i call confirmation from price action.

Now, on 5min to hourly i would be -ve if breaches 7510-7500 zone, keep 7540 then resistance.

We will see it how it gets opened and holds morning highs.

 

[a1b1trader]

Thanks Anil Bhai

You confirmed my views that I posted for NF in an other thread.

IMO NS once below 7550 will/can slide lower to 7510/05 levels

My main concern is,
What will happen, if NS falls below 7510/500 levels
Will it take support here
OR
Falls further to fill gap and then it may slide even lower.

 

[santhosh2010]

Hdil now trading above the falling wedge pattern breakout line.

One can buy at current level with stoploss 88.00 (Prev week : Dark cloud cover pattern)

Hdil weekly chart seems some strong resistance around 122 level,Once if trade and close (Weekly) above the resistance then try to test 188.00 levels.

 

[anil_s_trivedi]

Nifty update:
Weakness on 5min below 7600, and hourly below 7590 only. So treat this zone of 7590-7600 important one to hold on.

Daily SAR still below lagging at 7380 levels.

 

[praveen taneja]

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.

Sorry Bro disturbing again and again today punj cross 52 week high but with huge vollume now what is your view and chart is saying???

 

[anil_s_trivedi]

Nifty update:

Again i am having problem with Reliance Net dongle since yesterday. Anyone facing problem using it. Call center ppl telling its a indiawide problem, and will be resolved soon.

Anyways, on 5min i am short in nifty at 7630 with SL 7655. On daily positions i am still long and SAR is at 7400 levels.

sustaining below 7590 not good.

 

[anil_s_trivedi]

Sorry Bro disturbing again and again today punj cross 52 week high but with huge vollume now what is your view and chart is saying???

Dear PTji,

Although volume is good one. It need to do follow up, and comparing to volume to recent bars it is ok one.

IF i am long in it, and want to have tight SL then it should be no close below yesterdays low of 45.5.

Rest i am positive in it on weekly charts. On daily momentum is still positive one, and prices did reach first objective levels of 49 in my charts, holding it is big positive to move towards 80+ zone.

There may be pullback on daily till 40 levels, and i would love to accumulate there with SL of 36 on closing basis. This is my plan as of now.

 

[saivenkat]

Nifty update:

Again i am having problem with Reliance Net dongle since yesterday. Anyone facing problem using it. Call center ppl telling its a indiawide problem, and will be resolved soon.

.

Having the same problem.. Tried to connect with "online chat" .. i waited for more than half and hour.. only to see.. the message.. your query is being directed.."

Fortunately today.. my broadband is working..