Charts for the Day

[shreeux]

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.

Good to heard..!!!:clap:

Hi, anil S trivedi,

JBMA, I am following this stock 250 onwards enter & exit few times upto 450...after that unable to enter past one week ...every day hit UC ...Kindly review where is the end..

also Global Vectra Helicorp 27 to 38 after that same problem...Kindly review where is the end..

Its write time to enter or after correction in Nifty..!!!

 

[anil_s_trivedi]

Good to heard..!!!:clap:

Hi, anil S trivedi,

JBMA, I am following this stock 250 onwards enter & exit few times upto 450...after that unable to enter past one week ...every day hit UC ...Kindly review where is the end..

also Global Vectra Helicorp 27 to 38 after that same problem...Kindly review where is the end..

Its write time to enter or after correction in Nifty..!!!

Dear Shreeux,

Didnt like the charts of both stocks. Too much circuits. I am a trend following guy. Always go long at retracements or bases.

But avoid stocks which already got run on 3 or 4 bases.

Regarding time of entering. Its a lesson learnt hard way. If you wanna a trade stocks, never ever look at nifty chart. Tell me if you know your Stoploss and entry, what else did it matter to initiate trade.

Nifty may remain in consolidation mode for longer than expected, but stock easily give 10-15% returns. So if you point to make it...go for it, but with SL.

 

[shreeux]

Dear Shreeux,

Didnt like the charts of both stocks. Too much circuits. I am a trend following guy. Always go long at retracements or bases.

But avoid stocks which already got run on 3 or 4 bases.

Regarding time of entering. Its a lesson learnt hard way. If you wanna a trade stocks, never ever look at nifty chart. Tell me if you know your Stoploss and entry, what else did it matter to initiate trade.

Nifty may remain in consolidation mode for longer than expected, but stock easily give 10-15% returns. So if you point to make it...go for it, but with SL.

Ok, I understood for valuable suggestions..!!!:clapping:

 

[anil_s_trivedi]

RCOM:

I will be exiting RCOM trade today if closes below 120.5
Which now seems a greater probability.

Will initiate higher into strength or will wait on sidelines.
Bu momentum shifting is visible, will be clearer sooner.

 

[sudhakars]

Dear Shreeux,

Didnt like the charts of both stocks. Too much circuits. I am a trend following guy. Always go long at retracements or bases.

But avoid stocks which already got run on 3 or 4 bases.

Regarding time of entering. Its a lesson learnt hard way. If you wanna a trade stocks, never ever look at nifty chart. Tell me if you know your Stoploss and entry, what else did it matter to initiate trade.

Nifty may remain in consolidation mode for longer than expected, but stock easily give 10-15% returns. So if you point to make it...go for it, but with SL.

Hi Anil,
Can you please advice on HDIL and INDIACEM for Intraday tomorrow..

Regards,
Sudhakar

 

[anil_s_trivedi]

Hi Anil,
Can you please advice on HDIL and INDIACEM for Intraday tomorrow..

Regards,
Sudhakar

Dear sudhakar,

HDIL:

Being a trader on higher timeframe, i stay away from much of intraday trades. Only positional ones for me.

There is a strong move today with closing above previous weeks high, atleast on daily. So i will be under doubt if stock attempts at 94.8 levels.

Stock on daily is in short term momentum up. So bias is long considering todays closing.

Considering 5min charts, any correction in first hour till 97 and 96.6 need to be bought into with Sl at 94.9 for positional traders.


INDIACEM:

Hourly momentum not in good shape indicating test of lower levels.
Unable to cross 118.55 is a sign of weakness. Infact any stoploss need to be above this.

ON daily charts, stock in uptrend.

So point is cut shorts above 118.55. try to go long near to 113.5 levels. Unless stock trying to reverse on daily charts, 113.5 need to hold on.

 

[anil_s_trivedi]

Watching RCOM today, it seems that was a timely exit...
A 6.5% down as of now....

 

[Esse]

Anil,

DLF also got butchered today along with the real estate pack

 

[sabhlok_r]

Anil,

DLF also got butchered today along with the real estate pack

JPA is the worst hit. Fell almost 20% ...

 

[anil_s_trivedi]

Yeah the stocks which are hunted by small players like retail guys had been shunted badly.
This stocks in news, tangled in courts and following bad 'business practices'..the justification from a fundamental guy on the other side...


'Lesson is dont catch falling knife'

It takes a great deal of patience to practice it.

Infact yesterdays exit from RCOM was on same lines, despite volumes unable to clear that 121.5 zones and strength was missing in second half.

Also, one of my critic (a good man) told me both picks are not in tandem with market movements and to stay away from them.