Charts for the Day

[anil_s_trivedi]

Stochastics :

Stochastic is nothing but comparison of current price to price range. But here price range 'includes' current bar too. This is basic calculation of raw stochastics before smoothing.

Remember, the stochastic is simply showing us where the close is in relation to a high/low range that 'includes' the current bar.


The stochastic doesn’t care that the price is higher, all it cares about is where the close is in relation to the high/low range.

 

[rangarajan]

anil Trivedi,

What exactly you want to say or want us to understand from the chart posted.

I am unable to catch you.

Any indicator for that matter is subjective.

 

[NANDAMAD]

Uploaded with ImageShack.us

I wanted to post this chart yesterday itself at 2pm but unable to as my positions shifting taken a bit of time
Anyways reason for posting this chart is watch how gaps acts as support and if combined it with trendlines and moving averages it will be a golden trade sometimes

Now according to same gap theory resistance now for today at 4950 and 4990

The images do not appear now

 

[anil_s_trivedi]

The images do not appear now

Dear Nandamad,

Yes, i had seen this few days back. Since imageshack discontinued my account. But i think i had backup. Will post here.

Dont have right to edit that post now, so may be i can upload some file sharing site, then only, its possible.

 

[sabhlok_r]

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



Anil Ji, Congrats.

Arvind touched 348 today. And looks in good shape for the next one.

 

[anil_s_trivedi]

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



Anil Ji, Congrats.

Arvind touched 348 today. And looks in good shape for the next one.

Dear Sabhlok,

341.5 is earlier high on 16/9/2014.....Now it is in All time high territory. Watch out, and adjust stoploss as it will rise further. ATH stocks are attractions to many Hedge funds in india.

 

[sabhlok_r]

Dear Sabhlok,

341.5 is earlier high on 16/9/2014.....Now it is in All time high territory. Watch out, and adjust stoploss as it will rise further. ATH stocks are attractions to many Hedge funds in india.

Thanks for the heads up. Shall surely keep that in mind.

 

[rangarajan]

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...

anil Trivedi,

Excellent analysis & also thanks to sabhlokji who brought this scrip to yr notice.
All of us benefited besides enriching our knowledge to analyse.

 

[rangarajan]

anil Trivedi,

can you pl offer yr analysis with charts reg Vesuvious & SMLISUZU when u find time.

i am also of the opinion that NTPC is worth buying on Retracement as it has breached 3 months high with vol & formed inverted h & S in weekly.

 

[karthik_sri]

Anilji,
How about TATASTEEL...will this move downwards as I could see hanging man at the Res Zone and today big black candle...