Charts for the Day

[anil_s_trivedi]

I bought GMRInfra today at 11.2 with stop at 9.75 and blew through the stop . When i saw it after buying that it has printed a low of 9.75 and trading at 10.3 , i decided to cut my loss short

Was expecting a bottom in Nifty around 7145 and it blew through my stop at 7110.
Double whammy :console:

Need to stay out for a while.Bottom fishing not working.:annoyed:

You experienced it...but better part is you followed discipline...its really tough to keep emotions out while bottom fishing...

 

[copypasteaee]

I bought GMRInfra today at 11.2 with stop at 9.75 and blew through the stop . When i saw it after buying that it has printed a low of 9.75 and trading at 10.3 , i decided to cut my loss short

Was expecting a bottom in Nifty around 7145 and it blew through my stop at 7110.
Double whammy :console:

Need to stay out for a while.Bottom fishing not working.:annoyed:

haha bottom fishing is done near bottom

 

[copypasteaee]

sgx is showing NF at 6918

 

[rangarajan]

Reverse Bar.

NF today.

But, this did not match exactly with what anil Trivedi had taught ( RB to be formed in up trend with
at least 3-5 bars.
But stock made High more than previous bar & closed below the close of pre bar.
Why, i selected was ADX & Macd showed negative & the diff bet ATP & cmp
Some time calculated risk has to be taken.

I also want to bring to the notice as to how NF showed how bearish it was when the Difference between WATP & CMP was more than 40-50 pts from 14.00hr.

This was what Smart had repeatedly posted in this Forum.

 

[anil_s_trivedi]

Reverse Bar.

NF today.

But, this did not match exactly with what anil Trivedi had taught ( RB to be formed in up trend with
at least 3-5 bars.
But stock made High more than previous bar & closed below the close of pre bar.
Why, i selected was ADX & Macd showed negative & the diff bet ATP & cmp
Some time calculated risk has to be taken.

I also want to bring to the notice as to how NF showed how bearish it was when the Difference between WATP & CMP was more than 40-50 pts from 14.00hr.

This was what Smart had repeatedly posted in this Forum.

Dear Rangarajan,

You are finding RB on 5min too...But frankly on 5min, its a risky deal...I know you are combining it with ADX and MACD too...

The reversal bar you identified is in continuation of trend...You try to study the impact of it, when in trend and when it reverses the trend itself...hope something come out of it...

 

[anil_s_trivedi]

Posting CNX 500 Relative performance on short term and intermediate term...This is just to give a comparative relative strength as of now...it can change going forward...
Point to make is do study this scrips, why they appeared in top percentiles...

Ideally stock above 85-90% are good ones...

I had followed custom method to prepare this list...the logic is not what ordinarily available in public domain...

 

[anil_s_trivedi]

 

[anil_s_trivedi]

 

[amitrandive]

Posting CNX 500 Relative performance on short term and intermediate term...This is just to give a comparative relative strength as of now...it can change going forward...
Point to make is do study this scrips, why they appeared in top percentiles...

Ideally stock above 85-90% are good ones...

I had followed custom method to prepare this list...the logic is not what ordinarily available in public domain...

Anil Sir ,

Is this calculated daily ?

Also should we understand that if the percentages keep increasing daily, the stock has a better trend?

 

[anil_s_trivedi]

BSE AUTO:

Monthly is yet to give sell signal. Weekly in Sell mode. Momentum wise, any rallies will get into sold into. safe above 18200 only.

Below 16700-800 more weakness will creep in auto.

BSE BANKEX:

Monthly sell, weekly sell,daily sell...
Momentum wise, sideways to down...


BSE Capital Goods:

One of sectors where, more of selling brunt by this sector. I would love to see bottom formation in this sector, going forward, its purely on momentum oversold basis. Price action still in progress...

BSE Consumer Durables:

Monthly buy, Weekly Sell..daily sell mode...It means Higher timeframe in buy mode, so its best to buy once index tests 11700 levels...
Breaking thiss can test lower till 11300 levels...

BSE FMCG:

Monthly sideways, weekly sell...daily sell mode...
Momentum wise, stay selective in this sector...

BSE HC:

Monthly Sell, Weekly sell, daily sell...
Momentum wise, i am bearish on this sector. A lot of overrun already done here...Any rally here is likely sold into...

BSE IT:

A weak close resulted into sell on rallies here, a repeated rallies failing into...stay selective if going long...

BSE Metal:

This is one where we nail it earlier, when momentum got improved and we got good sector longs into...

On daily a good momentum being playing out here. Again due to overhead debts in this industry, stay selective here also...

BSE Oil&Gas:

Stay positive as long as 9250-9300 being supportive.


BSE Power:

Again good longs here, on fall try to get foot into here...


BSE Realty:

Strength above 1370 levels...Support at 1280 zone, if sustains below this...more levels will come into...

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2016 started on a dicey note , be selective in stocks, as i am scanning into, lot of stocks seems to be in weakness mode still...While some from same sector may outperform...

As overvalued smallcaps and midcaps getting punished in this leg down...smart investors safely hiding behind largecaps...already many of them got beaten down...

We already had analysed, rallies based on smallcaps and midcaps gonna hurt badly...