Charts for the Day

[anilnegi]

Very good support around 110 & 115 in weekly

It can be taken now also

anil negi

 

[anilnegi]

Anil ji

As per weekly a support comes a long way down around 320, is it good to initiated this stock with daily chart in focus

anil negi

 

[anilnegi]

Anil ji

This does look perfect entry, Weekly support as well as daily support & around 61.8% retracement, should we wait for weekly close or lightly accumulate the qty.

Anil negi

 

[umesh12]

This is moving flat since reco...Resisting at highs...
On hourly -ve below support price action zone of 374...

On daily +ve as long as holding 360 now.

TATACOMM has formed a +ww on daily TF with a target of 415-420, with an ETA of next 5-7 trading sessions.

 

[umesh12]

Anil ji

This does look perfect entry, Weekly support as well as daily support & around 61.8% retracement, should we wait for weekly close or lightly accumulate the qty.

Anil negi

There is a +ww in DLF chart on daily tf with target 208

 

[anil_s_trivedi]

Dear anilji,

Sorry, to update late.

Looking at monthly charts, its in uptrend and a pullback is on. I would like to see hold on of 75-78 region on monthly charts and a probable closing above 84-85 levels to keep monthly in tandem.

Weekly is in downtrend, and looking at every red bar, it didnt even try to move up. So this raise little suspicion.

Daily had got support in 200 SMA region, as specified. And i would like to see holding 75. As considering Elliott wave, if its a wave 1 high is coming around 75 levels. so the structure gets negated and better to exit, if its breached.

Also, looking at 200SMA its in rising mode. So expecting not that deep correction.

Initiate position looking at your R:R. I would personally prefer 50% at 83 and below and rest to add on strength if clears 90 region with volumes.

--------------------------
First sign of strength on hourly is holding, 87.2 region and clearing 88.5 region. This levels are for today and tomorrow. Will update tomorrow, if needed.
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P.S- I dont have position in this stock, and nor i intend to initiate here. If initiated will inform here.

Anil ji

any views on this stock, initiated trade around 86

anil negi

Dear anilji,

We as expected on 27th august. Stock did hold and cleared our levels. Marking strength as expected.

Actually i also analysed chart and expected, i am not expecting much lower levels as of now on that stock.

Now on higher timeframe charts, we need to clear 100 the psychological mark and 111.65 zone the earlier one. Infact a close above 111.65 will shift into acceleration mode.

ON lower side, i am seeing to watch support at 89.5 zone to hold on weekly basis.

Stock had hot shifted into momentum upside on lower and higher timeframe, a good sign for stock.

 

[anil_s_trivedi]

Anil ji

As per weekly a support comes a long way down around 320, is it good to initiated this stock with daily chart in focus

anil negi

Dear anilji,

Stock still in uptrend, and witnessed a breakout and retesting on the same lines.
Considering the relative strength and momentum side, i worked out stoploss for the same and coming to be at 348 for the week.

So considering R:R i think its in a good shape to clear highs.

If i see on higher timeframe charts, like you said weekly, then it got a pullback and moving higher. Also previous week bar was a good one. so our stoploss was coming a little lower of that bar.

As breaking its low and closing below it will mark a reversal on weekly, and we will be out of trade, without hurting much.

 

[anil_s_trivedi]

Anil ji

This does look perfect entry, Weekly support as well as daily support & around 61.8% retracement, should we wait for weekly close or lightly accumulate the qty.

Anil negi

Dear anilji,

I am long into this trade. At lower levels as R:R was into my zone. And i am holding it with SL 169 on closing basis, as per the view already given.

 

[anil_s_trivedi]

Dear Friends,

Thinking of starting a newer thread for Nifty & indexes intraday postings.
And dedicating this thread for stocks only.

As this is leading to difficult for me to, retrieve important postings here, and leading to cluttering of postings.

And ppl interested in Nifty only, will look for that thread only.

 

[timepass]

Thinking of starting a newer thread for Nifty & indexes intraday postings.
And dedicating this thread for stocks only.

:thumb:

Nifty and banknifty.