Charts for the Day

[umesh12]

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

IMO

Good days are here for CG

As per EOD chart,
It should not go below 185 for an up move, target could be 210/215 and possibly in this week itself.
SL 180

On downside if hits SL then can see 175/70 levels

 

[timepass]

IMO

Good days are here for CG

As per EOD chart,
It should not go below 185 for an up move, target could be 210/215 and possibly in this week itself.
SL 180

On downside if hits SL then can see 175/70 levels

Yeah.. looks like a double bottom around 185, but is followed by a narrower range inside bar. Let's see what the coming week brings.

 

[anil_s_trivedi]

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

Dear Tpji,

Stock in uptrend, holding 200 SMA on dailies. Looking at monthly/weekly it seems a pullback is on, as prices hold the 170-175. Its a strong action.

On weekly prices in a green up channel as shown. Support at that chart is roughly 180 levels.

Looking at hourly resistance is at 211 levels and support at 175 is coming. Stock now under symmetrical triangle and a breakout trade can be attempted with small SL.

189 is acting as central pivot zone for prices. Stock if holds hourly closing at 187 is good, and moving above 193.9 is a act of strong one.

Momentum readings:

Intermediate trend up is going on and as long stock holding prices above 185 region its good in short term. Any price reaction near to 175 will be bought into with small SL, else one can play triangle breakout.

Remember, a failure in pattern will throwback strong reaction on opposite side, as lots of players acting on same. So be ready for that too with your tight SL.

A daily closing above 195 is reversal in near term to upside.

 

[anil_s_trivedi]

Dear tpji,

Posting chart with volumes based S/R lines...

 

[timepass]

Dear tpji,

Posting chart with volumes based S/R lines...

Looks like it wants to form a right shoulder.

 

[sabharwal_RK]

Anilji and others I am having a small query please answer at your leisure:

We have close to 8000 stocks out of which say top 200 are on my invest-able category radar, but the point is how to keep track of so many set ups which might be available. No one can look 200 charts daily? and a good setup can develop in any of them.

So my question is how does one keep track of price action in so many stocks.

Also second query is there any software/utility/website available which can filter out the stock 5% close to their 50/100 day moving averages.

 

[timepass]

Anilji and others I am having a small query please answer at your leisure:

We have close to 8000 stocks out of which say top 200 are on my invest-able category radar, but the point is how to keep track of so many set ups which might be available. No one can look 200 charts daily? and a good setup can develop in any of them.

So my question is how does one keep track of price action in so many stocks.

Also second query is there any software/utility/website available which can filter out the stock 5% close to their 50/100 day moving averages.

healthraj has some excel file which updates many scrips and their moving averages.. I don't remember exactly which one it was, but can the other guys help ?

OTOH, Sabharwal_RK, you can go through the threads of our member healthraj and find the stuff and enlighten all of us.

 

[timepass]

healthraj has some excel file which updates many scrips and their moving averages.. I don't remember exactly which one it was, but can the other guys help ?

OTOH, Sabharwal_RK, you can go through the threads of our member healthraj and find the stuff and enlighten all of us.

It is "EOD-Raj Stock Screener 1.1".. now don't ask me to search for it

 

[amitrandive]

Great!!!
i came across this pattern of petronet in 5 min timeframe
i wonder wat kind of pattern is this, it looks odd isn't?, wats your opinion?

athma_shakti

I think this kind of pattern usually exhibits itself when there is a huge block trade going on in the stock.Did not find huge block trade on 3rd Nov but it took place on 5th Nov.

http://www.moneycontrol.com/stocks/marketstats/blockdeals/view_deals.php?sc_did=PLN

 

[anil_s_trivedi]

Anilji and others I am having a small query please answer at your leisure:

We have close to 8000 stocks out of which say top 200 are on my invest-able category radar, but the point is how to keep track of so many set ups which might be available. No one can look 200 charts daily? and a good setup can develop in any of them.

So my question is how does one keep track of price action in so many stocks.

Also second query is there any software/utility/website available which can filter out the stock 5% close to their 50/100 day moving averages.

Dear sabharwalji,

This is what fight is all about. Which stock to choose from. I generally have 140 or so trading scrips which i get in/out fro aggressive trades. As these are more liquid ones, volumes concern is not there.
Also, i am narrowing my sample set for investement to be CNX 500. So that only better ones to be in the portfolio, this is purely investment scrips. Like wise you can have your own sample set.

While analysing charts, try to see minimum 50 charts daily. To study whats going on in market. Keep this names from a mix of different sectors. Try to include non-index sectors like textiles,fertilisers etc... Generally you will see many move as a group. So you are study market as a whole.

Amibroker/Metasock and many softwares have ability of scanning stocks on volume/price/momentum basis. do check them. I use metastock, as i follow simple things, and Metastock is capable of doing all those things.