Charts for the Day

[sabhlok_r]

Anil Bhai,
Pl share your views on Arvind. It has touched the weekly resistance zone of 326-328 for the 3rd time with lower volumes while moving up.

 

[anil_s_trivedi]

Anil Bhai,
Pl share your views on Arvind. It has touched the weekly resistance zone of 326-328 for the 3rd time with lower volumes while moving up.

Dear sabhlokji,

Arvind is in uptrend. Stock on weekly forming a potential inv. H&S pattern. On very short term it is weal below 300-306 levels, or expect support there if its a short term correction in it any.

On intermediate support is at 265-270 levels.

Price action wise stock did showing some strength sign but volume is not that much good. It seems players are cautious for breakout on upside, in other words volume may witnessed only on breakout if any.

Upside levels to watch are 335 / 348 / 355 /371....

Above 371 stock can trade in newer zone creating much higher levels in future.

Stock awaiting trigger, it seems from the chart...

 

[sabhlok_r]

Thanks for the prompt response, Anil Bhai.
The breakout of the resistance line happened in hourly chart with good volumes. Shall wait for the close today to confirm the same in daily chart.

 

[amitrandive]

Dear sabhlokji,

Arvind is in uptrend. Stock on weekly forming a potential inv. H&S pattern. On very short term it is weal below 300-306 levels, or expect support there if its a short term correction in it any.

On intermediate support is at 265-270 levels.

Price action wise stock did showing some strength sign but volume is not that much good. It seems players are cautious for breakout on upside, in other words volume may witnessed only on breakout if any.

Upside levels to watch are 335 / 348 / 355 /371....

Above 371 stock can trade in newer zone creating much higher levels in future.

Stock awaiting trigger, it seems from the chart...

Anilji

Just sharing , had caught the initial breakout in Arvind

Thanks for the tip of using relative performance to measure strength of the stock.

http://www.traderji.com/technical-a...igh-probability-breakouts-250.html#post999705

http://www.traderji.com/technical-a...igh-probability-breakouts-265.html#post969928

 

[anil_s_trivedi]

Thanks for the prompt response, Anil Bhai.
The breakout of the resistance line happened in hourly chart with good volumes. Shall wait for the close today to confirm the same in daily chart.

Dear sabhlok,

Volume on daily bar as of now, is already exceeding 50 SMA of volume(avg volume). Going good as of now, now need follow up...

 

[sabhlok_r]

Dear sabhlok,

Volume on daily bar as of now, is already exceeding 50 SMA of volume(avg volume). Going good as of now, now need follow up...

Thanks Anil Bhai. Shall update here tomorrow.

 

[ELAGIRI4SpU]

Dear sirs,

good eveng

this thread is very useful for the chart learners as well as who are all trade on chart ta basis

pl provide charts for siemens and lupin

regards

tks

 

[sabhlok_r]

Thanks Anil Bhai. Shall update here tomorrow.

Arvind made a new 52 week high yesterday with good volumes.

 

[anil_s_trivedi]

Dear sirs,

good eveng

this thread is very useful for the chart learners as well as who are all trade on chart ta basis

pl provide charts for siemens and lupin

regards

tks

Dear Elagiri,

Siemens & Lupin explanation on chart...

 

[ELAGIRI4SpU]

Dear a s t,

so pleased with ur thread at trj

let me convey my regards from chennai

and tracking futures : Nf, bnf, it, sime daily

alkem & drlal : Listing grt, unforunatley no allotments for my 2 lot bids, what will be the reasons.

Reply me at ur leisure time.

Pl suggest me under each sectors i want each stock for long term growth, say 3 - 5 yrs (lt & mt stks)

regards