Charts for the Day

[anil_s_trivedi]

Learnings from Hindalco Trade:

How i act is more important than how i think...Action is more important...While Hindalco hitted 166 highs...many questions raised by fellow members, in my inbox...

First, Considering Risk in Hindalco, if one initiated at 147.5 with SL 145. Take it as 'R'.
So ideally for aggressive trades ideal R:R is '3R' or '5R'...For conservatives its like adding on fall and kepping 'R' Risk in control.

So a consideration at '3R' gives - 3*(147.5-145) + 147.5 = 155
'5R' gives = 160
Enough for a short term trade...???

Now, really want to work towards the conservtive one..else every1 will be ready with finger towards me...alas Failure attracts more attention...

 

[VJAY]

Learnings from Hindalco Trade:

How i act is more important than how i think...Action is more important...While Hindalco hitted 166 highs...many questions raised by fellow members, in my inbox...

First, Considering Risk in Hindalco, if one initiated at 147.5 with SL 145. Take it as 'R'.
So ideally for aggressive trades ideal R:R is '3R' or '5R'...For conservatives its like adding on fall and kepping 'R' Risk in control.

So a consideration at '3R' gives - 3*(147.5-145) + 147.5 = 155
'5R' gives = 160
Enough for a short term trade...???

Now, really want to work towards the conservtive one..else every1 will be ready with finger towards me...alas Failure attracts more attention...

yes anilji....when in success the reactions are very few but in failures the reactions are very heavy

 

[gundiravi]

Dear AnilJi

Seek your view on BhartiArtl and BharatForg..
Regards
Srinivas.

 

[anil_s_trivedi]

Dear AnilJi

Seek your view on BhartiArtl and BharatForg..
Regards
Srinivas.

Dear srinivas,

Bharti airtel has broken down descending triangle on upside. Stock in uptrend making HH-HL formation.
Price moving nicely in weekly channel in blue. Stock got reaction down from 417-420 levels.

A Support zone at 379 levels in short term. A breach here will get down till 350-355 levels. Which is a good zone to hold on to maintain this uptrend.

Infact strength will be reflected if stock holds this 379 zone and move upwards.

Momentum structure not good, and if stock not moved up here. a high possibility of dragging till 355 is on cards.

Bharat forge a stock which majority is waiting to get on in a correction, but correction never came.
The correction from 935 odd levels till 715, got attraction of buyers at 715 and stock bouncing from there.
Any long done here should have stoploss at 800 levels for short term traders and Intermediate traders should look out for 765-770 zone as stoploss.

 

[anil_s_trivedi]

These are aggressive picks...choose your ones...Many of them are sitting on momentum breakouts..so you know well..what momentum can take it to them...

 

[anil_s_trivedi]

 

[gundiravi]

Dear Sir,
Thanks a lot for your prompt and great analysys.
Srinivas.

 

[jain.er]

Anilji yr old fav CESC again looks ripe for a buy close to 650 odd levels

 

[anil_s_trivedi]

Anilji yr old fav CESC again looks ripe for a buy close to 650 odd levels

Momentum not that much bearish one, but price action implying lower levels till 615-620 cannot be rules out. I would attempt small long near to that zone only.

problem on charts is monthly one, where if you look at bars closer it looks like a supply dominate straight at 800 odd levels and prices not sustaining that zone for long.

Weekly getting short term oversold so stock ready for a bounce, and nature of bounce will tell whether another upmove pending or its a shedding of longs of rally.

 

[timepass]

Any predictions for Crompton ? It seems to be losing the battle against 195 level..