Charts for the Day

[insider]

Dabur has come out of a very nice consolidation phase. I would be a buyer next week and if it gives a pullback I will be an aggressive buyer. The only part I would look to see more is increased volumes. The counter needs to sustain above 188 post which it should give a bull run up to 230-240 levels.

 

[anilnegi]

I have seen many charts but weekly chart of Dabur is awesome, it is worth buying on every fall

anil negi

 

[anil_s_trivedi]

Nifty update:

As expected nifty reacted at support zone of 7750 on friday. And bounced back but closing was not so good and not bad too either. On daily its sell on rise till we overcame resistance of 7810-15 zone.

ON 5min it seems, expect resistance at 7795-7800 levels. On downside intraday support at 7765 levels. Below 7750-55 only there can be a positional selling. Again a support near to 7715-20 levels.

Momentum wise, on hourly short term and intermediate are down, while long term trying to show weakness depends on closing in coming 1-2 days.
On daily, too long term will show its hands in 1-2 days.
So there is chance of positional selling in, but we need to price action levels.
And right now they are suggesting, weakness on 5min too. so until 7815-20 zone is breached its weak.

 

[anil_s_trivedi]

As Nifty is falling down, and stocks too. I am looking at some names, with fibonacci tool. These are stocks which are correcting recent rise and we will see to get in near to 50%-61.8% retracement levels, with Sl below 61.8% or closer to 80% levels, and i am using MACD to see any +ve divergence in the course.

I am not giving any levels, just focus on these charts, and go long according to your comfort zone.

 

[anil_s_trivedi]

Nifty update:

As expected weakness spreading over to hourly charts getting into selling mode. Nifty intraday support zone at 7715-20 levels still there.
Problem right now is, expiry these week and holiday tomorrow. so probability of falling mkt is high one. I may test 50 SMA too @ 7548 right now. We will go step at a time. I am just saying this, as this expiry seems to be a gullible one. correcting on lower side, and then in august you can have that 7800 breached on upside swiftly.

Anyways, i am not into forecasting mode, so price wise intermediate support at 7641 and below that 50 sma @ 7548 zone. So one can initiate positions into stocks closer to Nifty charts at 7550 levels or closer to stock specific retracements with S/R levels.

Why..i am positive on market is..simple i am expecting a HH-Hl formation intact as a classical student expects, and that is right zone support wise too. And till market trading above these key averages its worth to be in a trend side mode. and not to try oversmart thing here.

 

[anil_s_trivedi]

First chart is Nifty daily chart and shown with two inflection points marked 1 and 2. Same being analysed on hourly with simple tools of technical analysis like Moving averages and MACD.

In first chart marekt was closer to 50 and 200 SMA so that was a important inflection point and that was a shifting base for this rally.
Similarly zone 2 was the retracement leg of this rally and we bounced off from 7420-22 levels. Again zone closer to 50 SMA.

 

[anilnegi]

Some of the stocks around 50% 61.8% retracement, anil ji your views pls

texmaco looks best around 70-75 good support,

 

[umesh12]

Anil bhai

Please look into the analysis of Nifty and BankNifty, for a big gap up open or any big bullish move on Wednesday. As I am looking into one

Thanks

 

[anil_s_trivedi]

Some of the stocks around 50% 61.8% retracement, anil ji your views pls

texmaco looks best around 70-75 good support,

Dear Anilji,

All the picks are from midcaps to smallcaps segment, so exercise stoploss must.

Delta corp:
On weekly looking like a bull flag. Stock in uptrend and looking good one near to 80 zone with stoploss below recent lows.

TexRail:
Just avoid it, stock already multiplied 5 times, don’t know how much steam left.

Jain Irrigation:
Stock in uptrend, going on consolidation. I am in it from 48 levels, holding it, will add near to 90-95 levels with stoploss below 85-87 zone. I during this thread initially much focused on this stock.


To initiate position, during retracements in in two ways, wither go on long near levels, or wait for some candle formation like pin bar/ engulfing patterns, or go on hourly and trade with trendline breaks.

 

[anilnegi]

thanks anilji

some of the stocks which are on your radar

anil negi