Charts for the Day

[anil_s_trivedi]

Nifty update:


With Weekly closing today, nifty will try hard to save 6290 and have it closing above it, if at all bulls wanna save their face.

On intraday basis, 6300 will be key level to decide where intraday action will hold now onwards. A move below not good for bulls.

 

[MAHESH468]

Hi Anil,

Could you do a technical study on Trident (INE064C01014) In Textiles CMP: 16.90
and share with us.

Would really appreciate the same.

Thanks so much,

Mahesh Asrani.

 

[anil_s_trivedi]

Hi Anil,

Could you do a technical study on Trident (INE064C01014) In Textiles CMP: 16.90
and share with us.

Would really appreciate the same.

Thanks so much,

Mahesh Asrani.

Weekly chart:

Momentum:
Short term - Down
Intermediate - UP
Long term - UP

Crucial levels marked on chart. 15 is a good support on weekly. The zone where it got rejection from 20.5 is a strong resistance on weekly, and once it crossed next TGT should be 29.25 levels. Above only a newer high may be in sight. Favouring is momentum on weekly chart to have more highs but daily resulting is a correction, which is mostly as of now is sideways. And we know time based correction is more powerful, as price refusing to correct significantly, implying bulls hoarding silently.

Daily Chart:

Momentum:
Short term - Down
Intermediate - Down
Long term - UP but flattening

A momentum will be catch up once 17.5 is held up. On daily if wanna try on lower side then levels should be 15.2 / 14.4 zone. Thats a strong support zone. And seeing weekly chart and rising momentum, its wise to get in around these levels with TGT as marked on weekly.

Below 11.2 we dont have any business to be long in these stock.

Hope i am clear enough.

 

[anil_s_trivedi]

Small caps are not my cup of tea, but looking at this chart seems a accumulation game already began with improving OBV and stock holding 50 DMA. On daily momentum seems to be just on right side and that is on LONG...

REI agro is a stock which got corrected from highs of 116 levels.
The only rationale to go long as of now is holding 50 DMA and converging momentum signals.

Rest i will be comfortable only when stock holds 6.75 on coming months. If holds of a likely highs towards 8.5 levels in sight.

 

[MAHESH468]

Weekly chart:

Momentum:
Short term - Down
Intermediate - UP
Long term - UP

Crucial levels marked on chart. 15 is a good support on weekly. The zone where it got rejection from 20.5 is a strong resistance on weekly, and once it crossed next TGT should be 29.25 levels. Above only a newer high may be in sight. Favouring is momentum on weekly chart to have more highs but daily resulting is a correction, which is mostly as of now is sideways. And we know time based correction is more powerful, as price refusing to correct significantly, implying bulls hoarding silently.

Daily Chart:

Momentum:
Short term - Down
Intermediate - Down
Long term - UP but flattening

A momentum will be catch up once 17.5 is held up. On daily if wanna try on lower side then levels should be 15.2 / 14.4 zone. Thats a strong support zone. And seeing weekly chart and rising momentum, its wise to get in around these levels with TGT as marked on weekly.

Below 11.2 we dont have any business to be long in these stock.

Hope i am clear enough.

Hi Anil,

Yes you are clear enough.

Thank you so very much.

.. just adding a little bit from my side, the company's fundamentals are
getting stronger and sales and balance sheet is improving

With Warm Regards,

Mahesh Asrani.

 

[anil_s_trivedi]

 

[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.

Hi,

Lumax auto move higher today again, although opening highs missed and booked at 118.
As again its from a margin holding funds, so booked out and it attained our modest Tgt 115.

Those who can hold it or book part and rest trail it.

 

[anil_s_trivedi]

Nifty update:

Trailing SL to 6315.
As of now its most of sideways action, and volumes been missing since 26th dec.
Remind you its a intraday short and on daily trend is still UP.

Lower levels from earlier chart still valid.

 

[anil_s_trivedi]

Nifty update:

Booked half at NF 6327 my ideal zone is 6275 spot, SL revised at 6310 SPOT.

 

[anil_s_trivedi]

Nifty update:

Dont carry short position, booked out at close or SL triggered at 6310 spot.
As daily still up, dont want to mess it with.