Charts for the Day

[anil_s_trivedi]

 

[anil_s_trivedi]

Dear mindgames,

TCS attained all time high in October-2014, after that is broken its long term support trendline, also got retested but failed again...since then price going sideways in a bigger channel...At first sight it seems to be a Flag undergoing...

The horizontal support zone is coming in at 2440-60 zone... if prices more time below this, its a sign price acceptance is there in this region...so price more prone to test lower support levels...

 

[anil_s_trivedi]

Shalimar paints closer to take on all time highs...stock moving out of nice consolidation...

 

[insider]

National Aluminum is forming a brilliant base and now seems ready to move to higher levels of 68-70 once it breaks out of the 52 zone. Stock can be bought at CMP 49 with stop at 44.95 where there is huge base formation for target to above mentioned levels. Suitable for medium term investors (2-5 months timeframe)

http://imgur.com/a/ltKZQ

 

[insider]

NMDC looks very good for higher levels
http://imgur.com/a/5hKdu

 

[anil_s_trivedi]

National Aluminum is forming a brilliant base and now seems ready to move to higher levels of 68-70 once it breaks out of the 52 zone. Stock can be bought at CMP 49 with stop at 44.95 where there is huge base formation for target to above mentioned levels. Suitable for medium term investors (2-5 months timeframe)

http://imgur.com/a/ltKZQ

Nice find...cleared 52 weeks high in July and going on shallow correction...

 

[pradeep636]

I'm a follower of two threads "Learning to catch High Probability Breakouts " & "Charts for the Day" since long time and I want to give back something to this community. I can send live results or announcements of FNO stocks within a gap of minute from the moment it is posted in nseindia.com corporate announcements section.

 

[kaly422000]

divergence is there ,but market still to react. is it divergence. sorry can not upload the chart .will try latter. i mention the nifty spot daily chart

 

[timepass]

divergence is there ,but market still to react. is it divergence. sorry can not upload the chart .will try latter. i mention the nifty spot daily chart

Check the link in my signature for instructions on how to upload charts/images.

Looking forward to your contribution.

 

[anil_s_trivedi]

divergence is there ,but market still to react. is it divergence. sorry can not upload the chart .will try latter. i mention the nifty spot daily chart

Dear kaly,

This is what is referred as time correction...where the loosing momentum effect didnt result in correction of price but price consolidated sideways timewise...to neutralise the loosing momentum effect...
Such type of action indicates current ongoing trend is strong and refusing to correct much...