Charts for the Day

[anil_s_trivedi]

Good time for traders..

This year is pre election year and it will be full of up-down erratic movements...traders/investors both need to be quick in their trades...As already seen there is carnage in some smallcap and midcap stocks, while nifty is still above 200 sma comfortably placed...

 

[anil_s_trivedi]

Normally, 50 sma cutting or crossing 200 sma from below indicates GOLDEN CROSSOVER, which, if supported by big volumes, could be a very strong bullish signal.

Crossovers i dont trade, moving averages for me is the direction prevailing right now...Its a guide for wind flowing...Trade in the direction...The point where MAs converge are more of a strong turning point for me...as it tells the momentum and direction of two timeframe investors/traders are reaching towards value zone...or agreement zone...and in market one of side need to loose their opinion sooner..market cant satisfy every timezone investor/trader...

 

[iwillwin]

Crossovers i dont trade, moving averages for me is the direction prevailing right now...Its a guide for wind flowing...Trade in the direction...The point where MAs converge are more of a strong turning point for me...as it tells the momentum and direction of two timeframe investors/traders are reaching towards value zone...or agreement zone...and in market one of side need to loose their opinion sooner..market cant satisfy every timezone investor/trader...

Another gem from Anilji

 

[vikas2131]

This year is pre election year and it will be full of up-down erratic movements...traders/investors both need to be quick in their trades...As already seen there is carnage in some smallcap and midcap stocks, while nifty is still above 200 sma comfortably placed...

Being trader is all about being quick with profits and losses both

 

[anil_s_trivedi]

Good volumes coming in sugar stocks today many small & midcap names closed with 2-3% plus...After relentless fall, a bounce on cards here...Whether the bottom is in or not, dont know...but sector seems to be undergoing a change here...

Sugar stocks rising from recent lows...keep an eye...

 

[anil_s_trivedi]

Mindtree witnessed upward rally since september 2017...the recent rise after a sideways pause in march is almost a vertical shape...implying stock is much sensitive to fall in this leg...Too much volumes coming in stocks...its time to cool off the rise...

 

[ravi2126]

After parabolic move breakdown stock not retrace much ....good sign..?

 

[anil_s_trivedi]

After parabolic move breakdown stock not retrace much ....good sign..?

Raviji,

The actual parabolic moves comes when stock is in its last leg of rise...before that stocks becomes 3-4 times in a short span...its not such a case in mindtree right now...it is correcting only the vertical rise caused by frenzied buying by those who missed initial entry...

 

[iwillwin]

Anilji your views on jubilant food...

 

[iwillwin]

Anilji your views on jubilant food...

In July 2017 it was 1200 Rs....now no stopping...just took a breather at 2400