Charts for the Day

[sanju005ind]

This thread is named as Chart of the day and there is no chart for the last three days

 

[anil_s_trivedi]

This thread is named as Chart of the day and there is no chart for the last three days

Perhaps time to change the name of the thread...

 

[anil_s_trivedi]

Infy gone sideways after runup from august-2017...almost 42% over the period...Since past 4 months gone sideways. recent volume consolidations telling stock is apt for upside breakout...Many IT names gone sideways in this period, shedding some of its gains timewise...lookout for those names..

 

[checkmate7]

Anilji whats your view on PTC for 6m-1yr ???

 

[anil_s_trivedi]

Anilji whats your view on PTC for 6m-1yr ???

dear checkmate,

Stock is of no use if its below key moving averages for me...PTC is below 50/200 smas...
Looking at chart s good support zone is coming in at 70 levels...If it holds the said zone and clears 85 levels then high probability of testing highs of 130...

Telling where it will land in 6m-1yr is difficult for trend follower like me...

 

[rangarajan]

Dear Anil Trivedi,
How R U ?
Very very Long time.
Can u pl discuss Relinfra, One Hr & EOD?
Whether there is B/O in One Hr? Vol explosion.
One Hr chart attached

 

[anil_s_trivedi]

Dear Anil Trivedi,
How R U ?
Very very Long time.
Can u pl discuss Relinfra, One Hr & EOD?
Whether there is B/O in One Hr? Vol explosion.
One Hr chart attached View attachment 25564

where are you man..gone into hibernation...anyways welcome here...
My observations on chart...

 

[anil_s_trivedi]

Metal pack struggling below 200 sma...With leading names below key moving averages its important to watch the pattern unfolding here...as more it stays below more the pain in coming days...

Importance of staying with leaders is clearly seen, watch jindal steel and jsw steel outperformed the metal pack...

Metal index down 3.9% ...seems too much heating going on metals turning hot red...

 

[rangarajan]

where are you man..gone into hibernation...anyways welcome here...
My observations on chart...

anil trivedi,
unique analysis as always.
Happy to note yr thread is going strong as it used to be.
Few clarification pl.
How did u infer " Over sold Momentum."
What is a " Clean Bar?"
Did u mean Volume in follow up bars to support fresh buying.
i find Three MA in the chart. Two must be 50 & 200 yr favourites.
What is the third one?
Vol in my one hr chart & yrs varies.

 

[anil_s_trivedi]

anil trivedi,
unique analysis as always.
Happy to note yr thread is going strong as it used to be.
Few clarification pl.
How did u infer " Over sold Momentum."
What is a " Clean Bar?"
Did u mean Volume in follow up bars to support fresh buying.
i find Three MA in the chart. Two must be 50 & 200 yr favourites.
What is the third one?
Vol in my one hr chart & yrs varies.

Oversold momentum means i am taking any momentum indicators like RSI(14) / Stochastics(14,3,3) hitting oversold regions...
Clean bar means, if its a strong bull buying coming in, bar should have open at lows and close at highs with above avg volumes...Also the range of bar should be higher considering previous 2-3weeks bars...It implies bulls taking away price up strongly...
I am using 21/50/200 SMA's on daily...denoting short term/ intermediate term/ long term trend indicators...below 200 SMA its of no business there...50 SMA is my most important ones, below it i refrain to add my existing positions...
21sma is short term indicator...

Yes, i too observed volumes in your chart and my chart differing...my sharekhan terminal also showing same volumes..i am using spot only..