Charts for the Day

[anil_s_trivedi]

anil Trivedi,

i am more a Scalper & this strategy since i came across in yr thread had given me consistent profit.That is what matters for me.

Henceforth, i will also look at bolded lines.

Men become wiser by experience.

Dear Rangarajan,

Great if it works for you. Yes type of trader is more important, since you are a scalper it requires swift action on your sides to take decisions... I am more of a investor-trader so, since SL are way above/below...But thing is we must learn and note what suits us best...Thats it...

 

[anil_s_trivedi]

sir,
I am getting message:- the file is either removed or damaged

Dear Nandamad,

I just checked now, it is working ok...Remove spaces carefully...

 

[rangarajan]

How TL short worked today.

For Learning only as i dont trade Futures including NF.

Why i selected A & B for drawing TL was both were S/L Pivots for Long.

Gave 80 pts, even 40 is worth.

 

[Sunnyraj]

Anil sir, in present market situation where stocks are falling badly, how do you manage your positions ( if any) , or do you look for signs of recovery in general market and then buy stocks ?

Also, i notice that even good blue chip companies are below 200 day moving average....

 

[anil_s_trivedi]

Anil sir, in present market situation where stocks are falling badly, how do you manage your positions ( if any) , or do you look for signs of recovery in general market and then buy stocks ?

Also, i notice that even good blue chip companies are below 200 day moving average....

Dear sunnyraj,

Yes i am out almost on 80% of my stocks...Still rest like Godrej CP, NTPC still above Stoploss levels...

Regarding re-entry, i go on stock specific signals to enter longs, but in tranches so that until Nifty itself gives buy signal, i am not fully invested in any stock.

One can say i restrict my investments to 30-40% of my allocation to particular stock.

It requires lot of patience to sit tight in such times...

Particularly this times my trades are more on Nifty F&O side...You must have noticed, my Nifty index analysis on other thread is more regular, thats because of this, since stocks positions are very much out of it...

 

[rangarajan]

Dear sunnyraj,

Particularly this times my trades are more on Nifty F&O side...You must have noticed, my Nifty index analysis on other thread is more regular, thats because of this, since stocks positions are very much out of it...

anil Trivedi,

Which is yr other thread where u analyse Nifty regularly.

 

[timepass]

anil Trivedi,

Which is yr other thread where u analyse Nifty regularly.

http://www.traderji.com/technical-analysis/95375-index-analysis-nifty-bank-nifty.html

http://i.imgur.com/3K53OW6.png

 

[anil_s_trivedi]

Reliance Inds, good support zone at 960-980...

On hourly momentum not good, see resistance at 1060-65 levels...
Strength only above that...

On daily charts moving below 960-980 is bearish...

 

[rangarajan]

anil Trivedi,

Can u pl analyse Coalindia in chart & offer yr comments for Buy or Sell as of today.

it is having good divident yield & the BC is around end Jan.

Cmp is 321 & my prediction is 300 is not ruled out
MACD, Stochastic, ADX are discouraging for Buy.
But on 60TF, it has traded above TL.

I would like to learn how u analyse.

anil Trivedi,

coalindia, 285.5.

Besides the indicators, what made me Bearish was that it was over sold more than 5 bars in slow stochastic(in which i firmly believe after learning from Smart) in weekly for tgt < 300.8. It did come down.

A leading broker gave a Buy call when it was trading 340 a few days back, ofcourse for long term.

Now ,if closes below TL in Dly, yr strategy comes in force for more down side for Fib Tgts.

I once again stress, yr TL strategy is really good.

 

[rangarajan]

H & S in Dly?

Below 801, Waterloo.

anil Trivedi,

Hindunilevr today 785.

thanks for yr chart analysis tech.

When u find time, tell us how u select the stocks, all yr selection Bulls eye.