Charts for the Day

[anil_s_trivedi]

Dear Anil, what is your preference? - log scale vs. linear scale

Dear mindgames,

Earlier i used to take log on weekly only...but since past year or so, completely switched to log scale on all timeframes...

 

[amitrandive]

Dear mindgames,

Earlier i used to take log on weekly only...but since past year or so, completely switched to log scale on all timeframes...

Anil Sir

Any reason for using log scale ?

 

[anil_s_trivedi]

Anil Sir

Any reason for using log scale ?

Dear amit,

This is again a question of choice here...Its basically they say longer term players think over percentage terms so they use log scale on higher timeframes..as they have same relationship in prices as from 5 to 10 (100%) or price moving from 50- to 100(100%)...while short term traders think in terms of points move so they prefer arithmetic/linear scale...

I found trendlines violations on log scale more valid and decisive ones(this is purely my view on chart i see on daily basis) so it better suits me , as trendlines are integral part of my approach to trade...

 

[ravi2126]

Dear Anil'ji,
your view on kwality pls?

 

[anil_s_trivedi]

Dear Anil'ji,
your view on kwality pls?

 

[anil_s_trivedi]

kotak bank closing wise not going good...Although hit all time high, but lacking thrust thereafter...Also stock done intermediate levels in sight...Need quick upmove, else sideways to down...

Yes Bank, another private bank closing not good...here also intermediate levels done here...

Keep close watching on these private banks, something going on ...

 

[anil_s_trivedi]

TVS motors cleared earlier ATH in april but didnt sustained and fall back into the range...Stock just hovering near Trendline support...Expect weakness below this...

 

[anil_s_trivedi]

TVS motors cleared earlier ATH in april but didnt sustained and fall back into the range...Stock just hovering near Trendline support...Expect weakness below this...

The topping structure in Idea, the similar one going on in TVS motors as of now...

 

[anilnegi]

Anil ji

pls see chart of JSW Energy

how to play this, should we buy it directly on break of previous swings or wait for any dip

thanks

 

[anil_s_trivedi]

Anil ji

pls see chart of JSW Energy

how to play this, should we buy it directly on break of previous swings or wait for any dip

thanks

Dear Anilji,

Analysing in hindsight is always easier... but let me tell you, we only had two options to trade breakout either on the 'go' or wait for retest...

But yes, as a analyst we anticipate likely direction...Here there are some signs of upside breakout coming...

If follow up missing in after getting volume we should be on alert...either that big volume is of climax nature or now stock gonna sideways...till further clarity emerges...