Charts for the Day

[anil_s_trivedi]

We have had 5 consecutive green days on the Nifty including today. Never before in the last 12 months (Except between 4th march - 10th march where 5th march closed 1 pt in the green) Sorry this has nothing to do with the discussion here. Just noticed it and thought would share

Dear Riskyman,

I too had observed this from my charts last night. This is what chart reading is. Explains what bulls are in a hurry. So also the underlying strength.

Its completely relevant to the subject here.

Thanks...

 

[Riskyman]

Dear Riskyman,

I too had observed this from my charts last night. This is what chart reading is. Explains what bulls are in a hurry. So also the underlying strength.

Its completely relevant to the subject here.

Thanks...

Thanks Anil. I appreciate what you are doing here. I follow this thread carefully. Keep the good work going. Cheers!!

 

[anil_s_trivedi]

RSI reading, posted on request of fellow members. This range shift feature in RSI is just what emphasize on price action front.
During bear market, price oversold easily and every bounce till 60-70 below get easily sold into, just stating the eagerness of bulls to get out of market.

And in bull, every fall till RSI 40 above will be bought into, stating bulls impatience to move market higher.

 

[anil_s_trivedi]

A divergence on hourly in momentum indicators letting price to correct. Price action wise crucial levels to watch on hourly is 7860-70 zone below that it might be good selling may come into play.

Strength above 7905 only.

 

[anil_s_trivedi]

 

[anil_s_trivedi]

 

[anil_s_trivedi]

 

[insider]

Found an interesting short term opportunities in Thomas Cook. For short term buy Thomas Cook with a stop at 126 for a target of 142. Considering stock is at 131 the risk reward is brilliant.

Hi Guys. Hope you all had wonderful profits in Thomas Cook.

 

[anil_s_trivedi]

 

[anil_s_trivedi]