Charts for the Day

[marimuthu13]

sir..

nowadays you are not posting any STOCKS specific swing trading charts? any reason plz?
or no set up as per ur system??

 

[anil_s_trivedi]

sir..

nowadays you are not posting any STOCKS specific swing trading charts? any reason plz?
or no set up as per ur system??

Dear marimuthu,

I am currently long in many scrips. I do post some of them here. Point is members here are more fascinated with nifty/Banknifty than individual stocks for delivery pickings. Because they are attracted towards F&O and want to crack it all the way to the bank.

Also whatever time i get, then i shift my line to index analysis and if time premits post some charts too. But i will tell you, i am more inclined towards individual stocks.

why..??
Nifty is just spending time here since election results, but many individual scrips got punished to 30-50% right from recent peaks, ex: Jainirrigation, JP Associates etc..and many picking holding of well showing ultimate relative strength. So point is while index is moving nowhere, stocks giving returns of 15-20% with limited risks if you have R:R plan. But retail traders are more fascinated by F&O and just fond of paying their dues to market regularly.

 

[mastermind007]

..with full respect on yr analysis dear anil.

Hey

This looks like T3B modelling. Is this AFL in public domain or something you created?

 

[mastermind007]

..with full respect on yr analysis dear anil.

Hey

This looks like T3B modelling. Is this AFL in public domain or something you created?

 

[anil_s_trivedi]

India Glycols showing a upward in Relative strength on intermediate charts, which is hinting a end of downturn as of now.
Stock tested a 117 and below quickly bounced back above it, showing buying interest in the stock.
Stoploss for trade is 120 on EOD basis. Manage your position and initiate it wisely.

On momentum side, there is a +ve divergence on charts and weekly closing of current weeks is seeming to be a good fight back week.

 

[anil_s_trivedi]

 

[umesh12]

Anil bhai

All the 3 stocks are good selection and they will move with good upward bias.

All 3 are forming +ww pattern. I do not have charts of these scrips but looks like their targets will be,

IndiaGlycol - 145-147
NoidaToll - 36 - 37 and if overshoots the target then around 40/41
UPL - around 350

SL as mentioned by you or as per investor risk

 

[manojborle]

 

[insider]

My suggestion is to buy Usha Martin at 43 with a stop at 39. Target -55/68

 

[anil_s_trivedi]

Thats was the easiest way to look at charts and trade. This is waht i prefer here in this thread.

Many asked questions how to trade pullbacks...??

Just log on to weekly charts, and see for pullback on to in, with flag or channel patterns. or retesting a key average on weekly charts, which got respected earlier too. or RSI oversold screen if you know how to read RSI.

Keep it simple....

Manoj....just a nice chart...keep it up...