Charts for the Day

[anil_s_trivedi]

Anil Bhai,

Pl share your views on relinfra. Approaching weekly resistance zone of 510-521 with good volumes. Daily charts also show uptrend from 300-310 zone.

Dear Sabhlokji,

Stock crossed crucial zone of 440. As long as it is holding it, stock will go on higher levels with retracements in between.Why i am saying this, stock showed a better constructive on monthly.

So, now on we want to go long here in this stock. And trail your positions if you have any.

Upside levels to watch 528 / 560 levels.

 

[sabhlok_r]

Dear Sabhlokji,

Stock crossed crucial zone of 440. As long as it is holding it, stock will go on higher levels with retracements in between.Why i am saying this, stock showed a better constructive on monthly.

So, now on we want to go long here in this stock. And trail your positions if you have any.

Upside levels to watch 528 / 560 levels.

Thanks for the valuable input.

 

[karthik_sri]

Choosing a stock to trade is the difficult thing in Technical analysis, than Initiating position in it. Question hit in mind is, what is the universe of stocks you need to track. How to select good stocks in your universe. Each step need to be defined.

Or else, you will just hoping here & there in stocks , without getting desired results. I when started Technical analysis in 2003-04, as a novice, Just focussed on stocks trading above 200 SMA. Those are times i got good results. IN the years later, i deviated from that, and used almost many models and strategies. Now in the end, few years back, understood what i learned as a novice was easy strategy, but we hardly believe in easier things.

I now uses not exactly 200 SMA for selection, but surely my majority of stocks i have are in uptrend, offcourse its using MA only. And its a combination of MA's too. Very small amount i invest/trade based on stocks in downtrend. As for eyes it looks cheaper, and we are biased to found support here & there, but very difficult to pin-point. So thats why such adventures need to be restricted for lesser capital allocation.

Ride on trends, and yes never confuse yourself with someone else's analysis. He may be riding it for day or two, and you may be looking at the same chart for weeks ride. Both have different expectations and both can be right.

Very true!!! the more we complex things the more we get confused!
at the end all this complex are focusing on OHLCV!:lol:

 

[anil_s_trivedi]

Just a plain reading with S/R lines...


Stocks to Watch :

AmbujaCem - CMP: 205.55
Supply levels - 206.5 - 207.5, strength above this till 219 / 223 levels

LIC Housing - CMP: 502.55
Supply levels - 530-540....strength above this only...Its fibo projected
zone..

L&T - CMP: 1289.55 A close above 1290 zone can see higher levels...Too much selling
been done here...need to watch this stock...

Voltas : CMP: 311.75...See resistance at 315-320 very crucial one...difficult to
cross...reaction seems to be there...

Wipro : CMP: 564.05 ....Support - 550 trying to hold as of now....weak below this...

 

[NANDAMAD]

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.[/QUOTE

Sir would be very graateful.

 

[anil_s_trivedi]

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.[/QUOTE

Sir would be very graateful.

Dear Nandamad,

Images are there with me. Problem is i had month wise folder, and all images of all my 'Threads' on TJ are there in each months folder.

So, you will have to place cursor on failed link here in TJ and need to look that image name in My that respective months folder.

There is no other alternative...I will upload the images folder to 4shared site...

 

[NANDAMAD]

Yes sir..............................

 

[rangarajan]

anil Trivedi,

What is your call on Wheelindia.

 

[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...

Tatasteel taking support at resistance? Up or Down to watch the break

 

[karthik_sri]

Ambujacem candle at edge! will it fall or move up!