Charts for the Day

[anil_s_trivedi]

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

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.

Dear Tpji,

You traded Crompton...??

 

[timepass]

Dear Tpji,

You traded Crompton...??

Didn't trade it. Just watched it crumple , maybe it wanted to re-test the trendline.

 

[timepass]

What's with Idea Cellular ? Seems like good going, but some disturbing signs are there. Is there a bearish WW on the daily ? The volumes seem to rise on the pivots. Also, there may be an RSI divergence.

Yesterday was an NR7 day for this scrip (Actually NR18).

 

[umesh12]

What's with Idea Cellular ? Seems like good going, but some disturbing signs are there. Is there a bearish WW on the daily ? The volumes seem to rise on the pivots. Also, there may be an RSI divergence.

Yesterday was an NR7 day for this scrip (Actually NR18).

Yes there is a bearish WW formation in daily and hourly charts
But I dont think there is a possibility of a big fall (provided it doesnt fall <169/65) in short term
On the contrary, if manages to consolidate or rise from these levels then can see good rise (around 190-95)

 

[newtrader09-10]

Lupin daily:

Looks like a flag pattern breakout?
Cant upload img but the pattern I am talking about is from 16-09 to 7-11 after that it looks like a breakout....
Anilji please confirm

 

[anil_s_trivedi]

What's with Idea Cellular ? Seems like good going, but some disturbing signs are there. Is there a bearish WW on the daily ? The volumes seem to rise on the pivots. Also, there may be an RSI divergence.

Yesterday was an NR7 day for this scrip (Actually NR18).

Dear tpji,

Idea in uptrend on daily/weekly timeframe. Prices in HH-HL mode. Momentum on daily/weekly still up, although there is a -ve divergence in short term, but long term momentum still moving up.

Looking at hourly chart it seems it has probability of clearing recent highs of 176-177 levels and more. On hourly weak case may settle below 169 and breaking 165 will put question on daily run.

 

[anil_s_trivedi]

Lupin daily:

Looks like a flag pattern breakout?
Cant upload img but the pattern I am talking about is from 16-09 to 7-11 after that it looks like a breakout....
Anilji please confirm

Dear newtrader,

yes..you re spot on. Its a flag. All conditions met. And prices too followed the course expected.

 

[jain.er]

Lupin is world best company my bank is also super bullish on lupin and cipla , cipla a beautuful entry point at 600 close to 50 dma. But its not too late to enter cipla for a long term buy munimum double frm here..

 

[anil_s_trivedi]

IRB looking oversold, ready for a bounce. A trendline break already done on upside, can be bought with SL below 255.

Remember, right now we are playing a pull back trade, so its just a short term one.

 

[anil_s_trivedi]

IRB looking oversold, ready for a bounce. A trendline break already done on upside, can be bought with SL below 255.

Remember, right now we are playing a pull back trade, so its just a short term one.

IRB up....trail it...
Aggressive one can follow their own SL...
For conservatives SL -257.45