Charts for the Day

[khurshedmanjra]

Anilji, your views on AARTI INDUSTRIES ?

Thanks

 

[anil_s_trivedi]

Anilji, your views on AARTI INDUSTRIES ?

Thanks

Stock in uptrend trading above all key moving averages...Breached 4 month long consolidation this week on heavy volumes should not trade below 1330 else the big up bars on heavy volumes would come under suspicion...

Possibility of stock going sideways for a week or two before marching up...

 

[ravi2126]

 

[ravi2126]

 

[khurshedmanjra]

Anil ji,

Kotak Mahindra Bank in a free fall after making all time high of 1417.

What next, will the fall continue ?

 

[anil_s_trivedi]

Anil ji,

Kotak Mahindra Bank in a free fall after making all time high of 1417.

What next, will the fall continue ?

Kotak mahindra in intermediate downtrend...long term still up..Its above 200 sma...
The recent selling after top was on huge volumes after that stock breached 50 sma with volumes again...Stock gap down yesterday again on hue selling...Such action denote the impatient ones exiting the stock...Stock may exhibit bounce on momentum oversold indicators...Bounce can be till 50 sma can happen...above 50 sma sustaining one can see fresh highs...

Stock into sideways to down move and until consolidation happens better to look for other opportunities...

 

[khurshedmanjra]

Anil ji,

Kotak Mahindra Bank in a free fall after making all time high of 1417.

What next, will the fall continue ?

 

[khurshedmanjra]

AUROBINDO PHARMA.....breaking out of Ascending Triangle.....crossing 200 ema.....
picking momentum

 

[sphameed]

Nifty 50 monthly chart with fibo,
What next?

 

[anil_s_trivedi]

Yes stock in uptrend trading nicely above key averages...The rise in early june was with above avg volumes and fall thereafter was on lower volumes...
Positive on stock for longs, for short term weak below 215 levels...while conservative investors can hold till 205-210 levels...

Dear Khurshedji,
Suven corrected till 220 levels, even hold the short term weak below zone of 215...Stock just got strong breaking out from that 240 zone...hope you had milked it nicely...