Charts for the Day

[ravi2126]

Anil'ji,Can we say that accumulation is going on ?
After climax bar, volume is below averages (touches climax bar day low with low volumes)..If yes Then when u get in stock ?

 

[anil_s_trivedi]

Anil'ji,Can we say that accumulation is going on ?
After climax bar, volume is below averages (touches climax bar day low with low volumes)..If yes Then when u get in stock ?

Dear Raviji,

Sorry for late reply, was out for whole week on vacation...

Cadila is in downtrend, the climax bar is of December 2015. we traded almost in a 300-340 zone since then...A good climax bar occurs after a prolonged run...

Anyways, rallies in a consolidation are weak as of now...Stock more prone to test lower levels...Let see near to 290 zone, or will see near 325-330 zone, if strength in rally appears...

 

[ravi2126]

Dear Raviji,

Sorry for late reply, was out for whole week on vacation...

Welcome back :thumb: anil'ji we r missing ur analysis

 

[Sunnyraj]

Anil sir, any chance that Cipla will bottom out ? I know it is still early to think about it but please share your views

Cipla weeky chart

The rectangle on the left is the area on support zone from where price broke out earlier....now it's on the same level..

 

[anil_s_trivedi]

Cipla in downtrend...a good support coming in at 465-475 zone...keep watching it...
Stock...

Anil sir, any chance that Cipla will bottom out ? I know it is still early to think about it but please share your views

Cipla weeky chart

The rectangle on the left is the area on support zone from where price broke out earlier....now it's on the same level..

Dear Sunnyraj,

You had rightly identified support zone on cipla...kudos to you...Stock have shown some sign of life on daily as of now...

Momentum wise, also stock showing some sign of improvement on higher timeframes as well...

Levels wise, daily weak if closes below 474 levels...Weekly will be coming in picture is closes above 496 zone...

 

[Sunnyraj]

Thanks Anil sir. One more stock that on which price is around previous support zone is Idea. What are your views on it ?

Idea weekly chart

 

[anil_s_trivedi]

Thanks Anil sir. One more stock that on which price is around previous support zone is Idea. What are your views on it ?

Idea weekly chart

Dear Sunnyraj,

Here too its a perfect zone marked by you...if one is entering near such support zone, you know its stoploss should be closing below it...

To mark it as accumulation here, is too early to say that...but first sign of strength on daily will be a close above 102 zone...
Weekly safe above 108-110 only...

The nature of rally from hereon till 115 will tell...clean bars with volume coming in will be considered good and can be sign of bottoming in...

 

[mithu76]

Anil sir, any chance that Cipla will bottom out ? I know it is still early to think about it but please share your views

Cipla weeky chart

The rectangle on the left is the area on support zone from where price broke out earlier....now it's on the same level..

thanx to point out one stock worth watching. i think three white shoulder it made. any way i am in a prelimary stage of learning but saw that it crosses 20 dma in previous candle and may run to catch 50 dma(which is not far), now 502. but after a close abv it ,may be it will bottom out.
its just my view and want to share

 

[mindgames]

Dear Anil, How do you determine if a particular stock is 'liquid' - what is your volume threshold?

 

[anil_s_trivedi]

Dear Anil, How do you determine if a particular stock is 'liquid' - what is your volume threshold?

Dear mindgames,

I prefer 2-3 lacs volume shares traded...If scrip is below 100 then preferably minimum 3 lacs volume shares...