Charts for the Day
- Thread starter anil_s_trivedi
- Start date
- Tags 50 dma investing chart reading moving average setups ta charts
Dear rangarajan,
HindUnilever is about to declare quarterly results. so covered it, also request by some members...
Selecting stocks is humongous task. Right now, i had habit of seeing atleast 250-300 charts daily. It keeps in loop what major patterns major stocks are in formation. Generally it is observe sector stocks move in same formation.
Like if Auto stocks undergoing bullish flag formation, you will find many auto stocks going under same formation.
HindUnilever is about to declare quarterly results. so covered it, also request by some members...
Selecting stocks is humongous task. Right now, i had habit of seeing atleast 250-300 charts daily. It keeps in loop what major patterns major stocks are in formation. Generally it is observe sector stocks move in same formation.
Like if Auto stocks undergoing bullish flag formation, you will find many auto stocks going under same formation.
anil Trivedi,
As u had mentioned strong auto sector, i have selected Ashok leyland.
It looks interesting to me from chart posted here.
It had closed & opened below TL , Dly, lat 6 months.
Just taking Sup of 200ema.
Positive divergence as of now in Stochastic.
just come out of Over sold region.
Almost four bottom sup.
Trading very near last Fibonacci sup of 78% though 62% is broken.
What are disturbing are vol, poor strength as noted from ADX which may sup consolidation., s/l pivot Low breached with the possibility of trading below 81.5. trading below TL.
Yr analysis will be helpful.
As u had mentioned strong auto sector, i have selected Ashok leyland.
It looks interesting to me from chart posted here.
It had closed & opened below TL , Dly, lat 6 months.
Just taking Sup of 200ema.
Positive divergence as of now in Stochastic.
just come out of Over sold region.
Almost four bottom sup.
Trading very near last Fibonacci sup of 78% though 62% is broken.
What are disturbing are vol, poor strength as noted from ADX which may sup consolidation., s/l pivot Low breached with the possibility of trading below 81.5. trading below TL.
Yr analysis will be helpful.
anil Trivedi,
I need yr analysis & opinion on Hindunilvr, chart posted.
Opinion from any one who go thro this post is also welcome.
I am posting a 5min chart from 9.15hr today.
At 15.0hr, there was heavy vol.
Generally, whenever i c heavy vol in a Down trend, i presume more downside is most likely. ( Mirror in UT)
Besides, the vol where it occured was also today's Low at that time( 775 ) which was breached on High vol.
Anticipating more downside, i went short with Fib Tgt of 770-760.
But, the stock came down only by a ruppee till 15.30.
MACD was in favour , but Stochstic was already in O/Sold & ADX no Strength.
I remember that u had mentioned in one of yr post that Vol plays imp role in yr analysis.
Pl explain, how you would have traded this from Vol angle & where i went wrong in judging the trade for downside movement.
It is a weak share tech also.( On Daily EOD, it was perfect H & S, Right shoulder already breached for a Fib extn tgt of 756
On eod, it had closed below TL for a second day & thus a short < 774, being today's Low)
And how u interpret vol at any particular price & the Time frame we should also look into for confirmation.
For drawing TL, i had chosen PL at B as it was S/L for going Long according to me.
Stock closed & opened below this TL favouring short.
I need yr analysis & opinion on Hindunilvr, chart posted.
Opinion from any one who go thro this post is also welcome.
I am posting a 5min chart from 9.15hr today.
At 15.0hr, there was heavy vol.
Generally, whenever i c heavy vol in a Down trend, i presume more downside is most likely. ( Mirror in UT)
Besides, the vol where it occured was also today's Low at that time( 775 ) which was breached on High vol.
Anticipating more downside, i went short with Fib Tgt of 770-760.
But, the stock came down only by a ruppee till 15.30.
MACD was in favour , but Stochstic was already in O/Sold & ADX no Strength.
I remember that u had mentioned in one of yr post that Vol plays imp role in yr analysis.
Pl explain, how you would have traded this from Vol angle & where i went wrong in judging the trade for downside movement.
It is a weak share tech also.( On Daily EOD, it was perfect H & S, Right shoulder already breached for a Fib extn tgt of 756
On eod, it had closed below TL for a second day & thus a short < 774, being today's Low)
And how u interpret vol at any particular price & the Time frame we should also look into for confirmation.
For drawing TL, i had chosen PL at B as it was S/L for going Long according to me.
Stock closed & opened below this TL favouring short.
Last edited:
anil Trivedi,
I need yr analysis & opinion on Hindunilvr, chart posted.
Opinion from any one who go thro this post is also welcome.
I am posting a 5min chart from 9.15hr today.
At 15.0hr, there was heavy vol.
Generally, whenever i c heavy vol in a Down trend, i presume more downside is most likely. ( Mirror in UT)
Besides, the vol where it occured was also today's Low at that time( 775 ) which was breached on High vol.
Anticipating more downside, i went short with Fib Tgt of 770-760.
But, the stock came down only by a ruppee till 15.30.
MACD was in favour , but Stochstic was already in O/Sold & ADX no Strength.
I remember that u had mentioned in one of yr post that Vol plays imp role in yr analysis.
Pl explain, how you would have traded this from Vol angle & where i went wrong in judging the trade for downside movement.
It is a weak share tech also.( On Daily EOD, it was perfect H & S, Right shoulder already breached for a Fib extn tgt of 756
On eod, it had closed below TL for a second day & thus a short < 774, being today's Low)
And how u interpret vol at any particular price & the Time frame we should also look into for confirmation.
For drawing TL, i had chosen PL at B as it was S/L for going Long according to me.
Stock closed & opened below this TL favouring short.
I need yr analysis & opinion on Hindunilvr, chart posted.
Opinion from any one who go thro this post is also welcome.
I am posting a 5min chart from 9.15hr today.
At 15.0hr, there was heavy vol.
Generally, whenever i c heavy vol in a Down trend, i presume more downside is most likely. ( Mirror in UT)
Besides, the vol where it occured was also today's Low at that time( 775 ) which was breached on High vol.
Anticipating more downside, i went short with Fib Tgt of 770-760.
But, the stock came down only by a ruppee till 15.30.
MACD was in favour , but Stochstic was already in O/Sold & ADX no Strength.
I remember that u had mentioned in one of yr post that Vol plays imp role in yr analysis.
Pl explain, how you would have traded this from Vol angle & where i went wrong in judging the trade for downside movement.
It is a weak share tech also.( On Daily EOD, it was perfect H & S, Right shoulder already breached for a Fib extn tgt of 756
On eod, it had closed below TL for a second day & thus a short < 774, being today's Low)
And how u interpret vol at any particular price & the Time frame we should also look into for confirmation.
For drawing TL, i had chosen PL at B as it was S/L for going Long according to me.
Stock closed & opened below this TL favouring short.
Dear Rangarajan,
If i look at 5min charts only, without looking at daily then, it is nothing but testing climax zone, where there is volume but its average volume. If its a buy volume prices should have closed higher for the day, but it lacks that intention. If volume testing of climax done on lower volume, and if prices have shown some strength it means, seller missing again in that sensitive zone...
Now coming to daily charts, its a weak close as volume is above average(Greater than 50 SMA) and prices closed at lows also volume is greater than previous days volume. So here its a classic effort(volume selling) and result(prices move lower and closed at lows).
So in whole its a weak close. Looking at daily charts good support zone coming in at 745-750 levels.
Now if your intention(analysis) is of getting into short. Then good R:R is selling closer to some resistance closer to previous days high.
Remember, if stock is in downtrend it hardly spent time above previous days high...
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Dear Amrutaji,
Adding my quick analysis to your stocks.
Sandesh:
A classic example of volume observers, too much volume on up bars in end december and jan start, but still price didnt go up. What you call efforts lacking result...so price need to fall, its weakness...
Stock in uptrend still on weekly charts, current daily fall has good support zone at 690-710. good long going zone there...
On short term strength above 825-830 closing is well and good, can see 880-885. above 885 chances of stock resuming uptrend.
Current momentum on weekly taking toll for sideways to down, but either one can enter on support or after stock attain strength...
Vindhya Telelinks:
Stock is in downtrend. Above 752 chances of regaining strength. Closing above 735 on short term is good for strength. Intermediate strength above 800-805 only.
Shaily Engineering Plastics Ltd:
I dot have stock data, might be not on NSE.
Surana Solar:
Dont like chart, but at all you want support its at post consolidation breakout zone of 24-24.6 zone...
Adding my quick analysis to your stocks.
Sandesh:
A classic example of volume observers, too much volume on up bars in end december and jan start, but still price didnt go up. What you call efforts lacking result...so price need to fall, its weakness...
Stock in uptrend still on weekly charts, current daily fall has good support zone at 690-710. good long going zone there...
On short term strength above 825-830 closing is well and good, can see 880-885. above 885 chances of stock resuming uptrend.
Current momentum on weekly taking toll for sideways to down, but either one can enter on support or after stock attain strength...
Vindhya Telelinks:
Stock is in downtrend. Above 752 chances of regaining strength. Closing above 735 on short term is good for strength. Intermediate strength above 800-805 only.
Shaily Engineering Plastics Ltd:
I dot have stock data, might be not on NSE.
Surana Solar:
Dont like chart, but at all you want support its at post consolidation breakout zone of 24-24.6 zone...
Anil ji , can you please look at Bosch & Hindalco ?
I am thinking of bottom fishing in both these stocks. Any levels .. you can advise.
Bosch seems to be making an ABC corrective pattern with a falling wedge & Hindalco i think is making a bullish butterfly and i am thinking of lapping some at 62 for a rally to 96.
Would like to have your views before taking the plunge.
I am thinking of bottom fishing in both these stocks. Any levels .. you can advise.
Bosch seems to be making an ABC corrective pattern with a falling wedge & Hindalco i think is making a bullish butterfly and i am thinking of lapping some at 62 for a rally to 96.
Would like to have your views before taking the plunge.
Dear Durgeshji,
Bosch:
Long term uptrend still intact, intermediate in downtrend. See long term trendline support at 16,600 levels.
Momentum wise a +ve divergence effect taking place in daily. Also volume wise not too much selling going on since past few days. looks readying for a bounce.
If trying to go long either at support zone of closer to 16,600, or closing above 17,940-980 seems positive for stock in short term Intermediate trend can be up above 19,900 levels only.
Hindalco:
Stock in downtrend on long term and intermediate too. Daily trying to hold, price wise its a double bottom spreading about for 15-16 weeks that is good for price. Intermediate trend is positive above 85 levels only.
Short term strength can be if close above Levels above are 74 / 80 / 85
On lower side if going to pick bottom good level is 68.25 / 63...
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