Charts for the Day

[anil_s_trivedi]

 

[anil_s_trivedi]

On request of a trader friend, posting suzlon, the price action showing a support of moving averages and 50 DMA holding it nicely as of now. Pullback towards 200 DMA can be accumulated with tight SL of 6-8% below 200 DMA.

 

[ramath]

Sir,
Kindly provide your view on Page Industries. Shall I go long at this level.Whcich level I should put stop loss.Kindly advise.Regds

 

[anil_s_trivedi]

Sir,
Kindly provide your view on Page Industries. Shall I go long at this level.Whcich level I should put stop loss.Kindly advise.Regds

Page inds is in a bull run. Stock correcting after a good run up. First sign of weakness was on closing below 6420 odd levels.

Stock breached 50 SMA at 6013., position of 50 SMA is flat as of now.
200 SMA is still rising and is at 4998 level.

Momentum signs are down on all three, short term, intermediate term, long term side.

Treating price action levels, a prominent support coming at 5240 odd levels.
Any long intention should be here only or closer to 200 SMA.

For immediate resistance, 5890-95 is the level on weekly. Holding it will be frist sign of relief to bulls on weekly charts. weekly resistance at 6345 is a strong one, unless it is cleared stock will slide till 200 SMA first.

 

[bapu4]

Anilji,
I am a fan of yours, your passion for the charts is felt from each and every post,If you feel ok now,I would request you to resume the thread of PA.
Regds

 

[anil_s_trivedi]

BIOCON - For Aggressive trader only

 

[anil_s_trivedi]

TATA Chemicals - For Aggressive traders

First 305-315 then 375-380..probable upsides if held up lower levels highlighted.

 

[anil_s_trivedi]

Adani is testing resistance zones after consistent rise since our initiation. We would like to part book here. Stock if sustained 350 will TGT 450+...

Stock still in uptrend, but we are just keeping part booking. We will see to add longs in a correction near to support zone.

Hi Friends,

As expected after part book neat to 325 - 330 zone, stock did move towards 350 levels and holded nicely, after that it was a lottery.

Today seen many reports on fundamental side, crying for stock moving so fast on upside, beside poor fundamentals.

Many would remember, when we enter neat to 230-240 odd levels, Mr. Arvind Kejriwal, shouting like hell towards adani, and many dumped there. But we got a buy and sitting tight till then, we got our part booking too in the mean time.

Anyways, believe in charts and go with proper risk plan, is the moral of the story. We are no god to foresee what is going to happen, but surely we can see what is moving and keep ourself in, to enjoy the rally.

The climax run got huge volume, and investors are like us safely dump stocks there. Who knows this is too much. We travelled the journey with this stocks so we know what is coming into.

So next time, you had good idea to make money, believe yourself and have proper risk plan in place, rest ignore the 'Disrupters' out there...

 

[jain.er]

Anilji what made you give a buy call on adani @240... Want to know this for learning purpose...

 

[a1b1trader]

Hi Friends,

As expected after part book neat to 325 - 330 zone, stock did move towards 350 levels and holded nicely, after that it was a lottery.

Today seen many reports on fundamental side, crying for stock moving so fast on upside, beside poor fundamentals.

Many would remember, when we enter neat to 230-240 odd levels, Mr. Arvind Kejriwal, shouting like hell towards adani, and many dumped there. But we got a buy and sitting tight till then, we got our part booking too in the mean time.

Anyways, believe in charts and go with proper risk plan, is the moral of the story. We are no god to foresee what is going to happen, but surely we can see what is moving and keep ourself in, to enjoy the rally.

The climax run got huge volume, and investors are like us safely dump stocks there. Who knows this is too much. We travelled the journey with this stocks so we know what is coming into.

So next time, you had good idea to make money, believe yourself and have proper risk plan in place, rest ignore the 'Disrupters' out there...

Anil Bhai

By posting chart of ADANIENT

Aapne mērē zakhmō kō kurēd diyā hai,
Mērē zakhmō kō harā kara diyā hai

It was known to me on 14.2.14, when Adanient was at 215 (then), that it will move up like anything, atleast till 280-300 (at that time). But, kya karta, I was helpless. I had no real money in my account. So left the idea to trade it and did only paper trade.

But please do not ask me, how it was known to me on 14.2. itself, that it will move up, as you yourself are an expert, in technicals.