Charts for the Day

[ampa]

Hi Anilji

Can you give your view ONGC. It looks like it was in consolidation stage.

 

[anil_s_trivedi]

Hi Anilji

Can you give your view ONGC. It looks like it was in consolidation stage.

Dear Amrutaji,

ONGC broken its first base and now trading into second basing pattern...Its trading above 50 & 200 SMA that was good sign for it...sweet point to enter was closer to 50 SMA...

Stock this week traded above previous week high of 226.7 and now moving towards prev month high of 241.55...

If holding longs for aggressive its a weak below 225 closing for conservatives its a buy case till its holding 217 levels...

Above levels to watch for are 235.5 / 240/ 253 / 275...Above 275 it have some serious chances for going all the way up...

 

[molthi]

 

[anil_s_trivedi]

I am also seeing a crucial resistance at 260-265 zone...
Keeping fingers crossed...

 

[anil_s_trivedi]

Not a big fan of Reliance Industries...but this is what i am reading into...

 

[anil_s_trivedi]

The thing i learned about stocks markets...

"Reading successful investors surely give new insights & 'rereading' the same as many times,just inculcates their though process in ourselves"

 

[ravi2126]

Anil'ji,U r view on MARKSANS PHARMA pls...

 

[anil_s_trivedi]

Anil'ji,U r view on MARKSANS PHARMA pls...

Dear Raviji,

Its in downtrend...let it formed a consolidation then we can see...Stock testing march lows, volume needs to watch here...

There is a +ve momentum divergence appearing but let the price tells us to go..till then keep under watch...

When Market(Nifty) is in uptrend keep good % of your portfolio in uptrending stocks, these bottom catching should be done very small % wise...

 

[Sunnyraj]

Anil sir, what are your views on this stock Rajesh Exports

Weekly chart: price moving around support zone

Daily chart : I noticed there are clean bull bars with good volumes..

I know it's still early to say if it can bottom out...pls share your views

 

[anil_s_trivedi]

Anil sir, what are your views on this stock Rajesh Exports

Weekly chart: price moving around support zone

Daily chart : I noticed there are clean bull bars with good volumes..

I know it's still early to say if it can bottom out...pls share your views

Stock witnessed heavy selling and going sideways since past two months...with up bars having good volume almost many have above avg volumes...so far so good...but i cant say those are clean bars...many have just settled close at 50% of spread during that day...

Momentum wise, yes stock have chances of turnaround...the test of 425 zone also occured on lower volumes...implying supply missing during recent downmove of 5th august...

Price action wise, its in a rectangle with top around 472 and bottom around 425...a break with volumes is confirmed move for upside...

In short term see sign on strength above 442-445 and weakness below 430...

Also see the result date...is it over... or its in few days...surprises..???
See sector peers results...then you can have idea whether its good going for sector or its just sideways for few more weeks to come...