Charts for the Day

[anil_s_trivedi]

sir how to enter swing trades in this scenario. can you share view on RNAVAL

I prefer to stay away from Reliance camps stocks, barring Reliance Industries...

RNaval is in downtrend trying to gain strength on daily charts marked higher highs higher lows , would love to see holding 13 odd levels for this run, it might test towards 16.5-17 levels first. Only above 20 zone it can be said stock gaining strength on weekly...

 

[ravi2126]

I prefer to stay away from Reliance camps stocks, barring Reliance Industries...

RNaval is in downtrend trying to gain strength on daily charts marked higher highs higher lows , would love to see holding 13 odd levels for this run, it might test towards 16.5-17 levels first. Only above 20 zone it can be said stock gaining strength on weekly...

What will b entry point @CMP or above 17...?
Many stocks showing this type of formation, Specially PSU BANK stocks

 

[anil_s_trivedi]

What will b entry point @CMP or above 17...?
Many stocks showing this type of formation, Specially PSU BANK stocks

Support at 13-13.2 levels...so trade if R:R fits the risk plan, else focus on other opportunities...

 

[anil_s_trivedi]

IciciBank in uptrend in all time high zone breakout done but volumes missing. Although volumes are above average but not too high to get noticed...
Stock had support zone at 355-365 below that it would thwart the run up and needed a cooloff, so stay away below the said zone...

 

[anil_s_trivedi]

Nifty analysis:

Anticipating the wild action coming in nifty in next few days...be on alert...If The 200 SMA on daily fails to hold probably we are going to have break of 10000 levels violently...offcourse with gap downs...

 

[onequorauser]

Can you please explain how do you predict volatility? Is it because of budget/election/brexit/US shutdown or purely technical?

 

[anil_s_trivedi]

Can you please explain how do you predict volatility? Is it because of budget/election/brexit/US shutdown or purely technical?

Yes, price action is contracting too much, and expansion coming in sooner...Its purely technical, although events are too coming in during same tenure...I hardly quote events while analysing, its purely price alone which determines my view...

As price is sitting on 200 SMA and now all MAs like 21/50 also coming in closer, meaning different timeframe players are not having clear perspective about price action going on...

 

[onequorauser]

Yes, price action is contracting too much, and expansion coming in sooner...Its purely technical, although events are too coming in during same tenure...I hardly quote events while analysing, its purely price alone which determines my view...

As price is sitting on 200 SMA and now all MAs like 21/50 also coming in closer, meaning different timeframe players are not having clear perspective about price action going on...

Thanks for the insights!

 

[anil_s_trivedi]

Keep eye on Strides Arcolab a wild bull party may be coming in, if holds 430-435 zone...

 

[anil_s_trivedi]

Till previous swing highs of 10925 didnt get crossed its better to be safe on this leg of rally...