Charts for the Day

[anil_s_trivedi]

Hi Anilji,

Is it possible for you to share the table in post #2783.

If you can - that will be very helpful.


Thanks
Amruta

 

[anil_s_trivedi]

JetAirways , Dabur, ITC...

Jetairways got punished heavily today...There is some selling in ITC too but i would like to take position in it closer to 230 levels...lets see if it comes or not...Closer to 230 its a correction of 13-14%...Its a natural for stock to correct that much for the stock in uptrend...

 

[anil_s_trivedi]

Till yesterday only IT and FMCG was below 50 SMA...However today, they got company in Bank, Financial, Metal,Pharma and Realty...

Realty got deep cut...

Holding the baton above 50 SMA are Auto, Energy, Media and Psubanks...

 

[ravi2126]

Anil'ji,Although FMCG is trading below 50SMA still you take ur position in ITC ?

 

[ampa]

Hi Anilji,

I am trying to create sector comparison table as yours.

Also how can I create the rank table?


Thanks
Amruta

 

[anil_s_trivedi]

Anil'ji,Although FMCG is trading below 50SMA still you take ur position in ITC ?

Dear Raviji,

Yes FMCG is in downtrend, but i know 200 SMA is support for trend to continue...So we are preparing ourselves to the event...

The decision to go long will be taken by observing volumes, price action...

FMCG is below intermediate moving average of 50 SMA so its a weak, but we know value lying at 200 SMA, and 200 SMA is long term trend...so we will be watching closer to it...

Also, we need to assessed fall in ITC, till yesterday it had close to 9.5% fall from top...Till 230 zone it will be close to 13-14%, its ok for scrip in uptrend to correct that much...

 

[anil_s_trivedi]

Hi Anilji,

I am trying to create sector comparison table as yours.

Also how can I create the rank table?


Thanks
Amruta

Dear amrutaji,

If you had worked till percentage change over respective periods...then use excel 'RANK' function...search google if you are not familiar with it...Its easy...

 

[anil_s_trivedi]

Keep tracking concor showing unusual strength, stock yesterday closed in good above prev range of bar...

Today too coming up from early morning selling...Volume on todays bar is going good as of now...lets see...

If one is having long can have tight stoploss if closes below 1340-42 or else below 1300 for conservative ones...

I still not into this one but eyeing 'some' space here...

 

[anil_s_trivedi]

In AurobindoPharma i got out yesterday...trailing SL triggered...so no position in it...Just came out with 'peanuts' in that trade...

 

[VJAY]