Charts for the Day

[umesh12]

My 2 cents on HDFC

This is a either 950 or 1250 stock, and which way it will move, will be known in next few (may be 5-10) trading sessions itself. Though 950 seems more probable.

But for next 1-3 sessions, my view is for 1070.

Cheers

 

[anilnegi]

Anil ji

Sorry to post in this thread but you have not started new thread for nifty

Is this smell fishy, negative divergence

anil negi

 

[umesh12]

Anil ji

Sorry to post in this thread but you have not started new thread for nifty

Is this smell fishy, negative divergence

anil negi

New thread already started on 3.9.14

http://www.traderji.com/technical-analysis/95375-index-analysis-nifty-bank-nifty.html

 

[manojborle]

My View on HDFC

 

[anil_s_trivedi]

Anil ji

Sorry to post in this thread but you have not started new thread for nifty

Is this smell fishy, negative divergence

anil negi

Dear anilji,

Yes -ve divergences seen in index and also volume not so great adding with loosing relative strength by smallcaps and midcaps, indicating lack of participation.

But...as i always see...until price gives confirmation..its in uptrend only...

Infact, we in this thread earlier discussed about s&p divergences and still it is rallying like one rocket booster...So until price acts its safe to say, trend is ON...

 

[Shantala]

HDFC, NIFTY, or anything

When river is flowing up, will personally look for going up and find reasons for going up, will avoid going down on first indication even though how convincing it is

 

[amitrandive]

Dear anilji,

Yes -ve divergences seen in index and also volume not so great adding with loosing relative strength by smallcaps and midcaps, indicating lack of participation.

But...as i always see...until price gives confirmation..its in uptrend only...

Infact, we in this thread earlier discussed about s&p divergences and still it is rallying like one rocket booster...So until price acts its safe to say, trend is ON...

HDFC, NIFTY, or anything

When river is flowing up, will personally look for going up and find reasons for going up, will avoid going down on first indication even though how convincing it is

Well Said Sirs !!!

No need for us to try and Tame the market in terms of price patterns,divergences,etc.

All patterns,divergences,etc also have a high rate of failure.Any pattern,etc may appear something else on another time frame chart.

The let the biggest of all indicators make its say----Price Action.

Be long in the market as soon as the Price Action says otherwise.

 

[anil_s_trivedi]

Although stock in uptrend on daily. But hourly structure deteriorating. Momentum oscillators giving -ve divergences. Price need to confirm now for testing lower levels.

Spot support 2356.Below 2342 can have a serious crack.

 

[ghanaga]

Anil Ji,

NMDC is on the verge of break-down from good resistance levels. Is it good time to short at 183 for targets of 176 ?

Thanks
ghanaga

 

[anil_s_trivedi]

Anil Ji,

NMDC is on the verge of break-down from good resistance levels. Is it good time to short at 183 for targets of 176 ?

Thanks
ghanaga

Dear ghanaga,

yes it can be traded...stock loosing momentum on hourly..and strength in stock above 184 levels only...

Support levels 180 / 176 ....

But this is only hourly weakness, whether it will spread over to daily has to be seen...so you should have swift action on your shorts...