Charts for the Day

[anil_s_trivedi]

Nifty future 6260-65 need to see, if broken down not good.

 

[anil_s_trivedi]

Point to post DLF is, just scanning on weekly charts, stock looking promising.
On daily it is forming ascending triangle formation, and it is holding 50 DMA too nicely and 50 DMA has started moving UP. Implying medium term momentum has turned up already, and stock may break on upside.

Resistance at 178 / 185. Above 185 only its a flier stock. On downside, on weekly 140 is a good support zone.

If stock has strength then 178-80 levels should be broken swiftly. Immediate short term support at 155 odd levels, where 50 DMA also coming right now.

I am not a big fan of real estate stock, but watching weekly chart, its looking great, if breached on upside. So just cautioning anybody holding out there.

Have a nice day...

 

[anil_s_trivedi]

chennai petroleum consolidated well after breakout from lows in november start that too on volumes. So stock doing well as of now.

Our medium term momentum 50 DMA holding it well and yesterdays buying again on volumes. Lower side support exist at 60.5, while resistance at 78.5, if crossed stock may climb higher.

 

[anil_s_trivedi]

Jindal drilling, stock seems to be eager to get out of consolidation. A likely TGT near to 240-45 zone.

 

[anil_s_trivedi]

Lumax in a consolidation holding base 97 odd levels, apt to move higher. Resistance or TGT should be 113-115 zone.

Stock rising from slumber have to be traded cautiously.

 

[a1b1trader]

Point to post DLF is, just scanning on weekly charts, stock looking promising.
On daily it is forming ascending triangle formation, and it is holding 50 DMA too nicely and 50 DMA has started moving UP. Implying medium term momentum has turned up already, and stock may break on upside.

Resistance at 178 / 185. Above 185 only its a flier stock. On downside, on weekly 140 is a good support zone.

If stock has strength then 178-80 levels should be broken swiftly. Immediate short term support at 155 odd levels, where 50 DMA also coming right now.

I am not a big fan of real estate stock, but watching weekly chart, its looking great, if breached on upside. So just cautioning anybody holding out there.

Have a nice day...

DLF -ww daily tf tgt 140 24.12.13
Even on weekly tf there is a -ww

Uploaded with ImageShack.us

 

[SaravananKS]

DLF -ww daily tf tgt 140 24.12.13
Even on weekly tf there is a -ww

Uploaded with ImageShack.us

it is also Bearish Butterfly

 

[anil_s_trivedi]

Dear a1b1trader and saravananKS,

Your bearish analysis is like a smart trader on opposite side whenever i am looking out for a long. Anyways jokes apart, as of now stock holding price levels and will be caution mode today if DLF closes below 160 odd levels today.

Lets see and track closely if bearish action supports it or not.

On intraday, first sign of struggling will be when stock will spent time below 169 levels and breached 165 levels swiftly.

 

[MAHESH468]

Hi Anil,

I hold 550 quantity of Amtek Auto.
What should be the exit price for Amtek Auto ?

Thanks so much.

Mahesh Asrani.

 

[jain.er]

Anilji excellent pick was Amtke Auto
i was about to buy that on tuesday @68.5 but could as I got busy and i am regretting

anyways thanks for sharing that pick, hope someone benifitted.

How do you pick on stocks to analyse, I mean toask why did you decided to track Amtek, do you have a list of 100 stocks you track or some kind of a fillter?