Charts for the Day

[anil_s_trivedi]

 

[hardik0007]

Daily TF resisting in 288-291 area

 

[anilnegi]

BHEL-

Bearish hammer, price might test 247 level

Ambuja cements

Anil ji above are your two stocks update, breakout finally but there are two type of strategy to play breakout:-
1. Directly on breakout above.
2. let price to retrace back to breakout level

But how much time one should give price to consolidate at that breakout level and also if one take the above two stock at the breakout what would be the stoploss and target

thanks

anil negi

 

[anil_s_trivedi]

BHEL-

Bearish hammer, price might test 247 level

Ambuja cements

Anil ji above are your two stocks update, breakout finally but there are two type of strategy to play breakout:-
1. Directly on breakout above.
2. let price to retrace back to breakout level

But how much time one should give price to consolidate at that breakout level and also if one take the above two stock at the breakout what would be the stoploss and target

thanks

anil negi

Dear anilji,

Its not a guaranteed that stock may retest breakout zone. If buyers are impatient they buy at any price higher. First generally 52-week high breakouts are of greater importance. So generally in those cases one may missed if waited for a breakout. Although this is not a rule but merely a observation.(still going on).

Regarding stoploss, one may choose important fibonacci levels or for tight stoploss use pivot low on hourly. Its all in user discrimination.

Your stoploss sholud reflect money management. Generally your stoploss should not exceed 2% of your overall portfolio size.

Generally finonacci(elliott wave) comes handy, if one knows the basics. If stock on breakout is under wave '3' characteristics, retest generally dont happens.

 

[anil_s_trivedi]

 

[niftychartreader]

BHEL-

Bearish hammer, price might test 247 level

Ambuja cements

Anil ji above are your two stocks update, breakout finally but there are two type of strategy to play breakout:-
1. Directly on breakout above.
2. let price to retrace back to breakout level

But how much time one should give price to consolidate at that breakout level and also if one take the above two stock at the breakout what would be the stoploss and target

thanks

anil negi

AmbujaCement already BO minimum 2-6-0
BHEL likely a BO minimum 2-9-0
OR within an hour or so, 2-8-5
However, a point of caution at 2-7-5
Lets see what happens on Tuesday.

 

[mastermind007]

Any nuggets of wisdom on GMRINFRA? It came like bullet to its upper circuit of 19.85 and has receded for today!

But, cannot find any news about it getting new contract or somethin like that, So, what happened? Can it retouch 2007 Highs?

 

[anil_s_trivedi]

Any nuggets of wisdom on GMRINFRA? It came like bullet to its upper circuit of 19.85 and has receded for today!

But, cannot find any news about it getting new contract or somethin like that, So, what happened? Can it retouch 2007 Highs?

Dear mastermind,

GMR infra has shown first sign of strength on daily on 29th and weekly too having closed in strength.

Looking at momentum on weekly and daily it seems rally can last till 2014 highs of 38 as a first levels of strength on higher timeframes.

Weak below 16.5-16.6 on weekly charts.

 

[Pradipjee]

respected anil ji,

simply great work by you. KINDLY GIVE US THE LEVELS FOR HDIL - BOTH SHORT AND LONG TERMS.

thank u

 

[anil_s_trivedi]

respected anil ji,

simply great work by you. KINDLY GIVE US THE LEVELS FOR HDIL - BOTH SHORT AND LONG TERMS.

thank u

Dear pradipjee,

Looking at weekly chart, stock trying to come out of four year long consolidation since 2011 mid. Pattern looking like a possible H&S and likley levels to test may come near to 200 if recent rise sustained.

Daily closing below 88 is first sign of weakness on daily. Weekly safe as long as holding 75 levels.

Momentum indicator rising from deep slumber, so if consolidated here, stock may begin next upwards move towards 137/200/232 levels.