Long or Short Opinion

[simple_trader]

Rajputz,

Todays Bar Has Pierced The Lower BB (9,2) Therefore One Can Expect A Bounce Back....If It Doesn't Bounce Then I Doubt Very Much, If It Will Hold The Trendline.....Indicated By You....On The Charts

Just to add one thing, SAIL daily chart support seems to be at 228 spot and 222 spot is weekly support.

I guess SAIL moves will be based on FPO news hence it may be somewhat unpredictable now (big down move is possible!).

One indicator I see positive, is 240 PUT added good OI on Friday.

Over all it may to be too early to think about playing long is SAIL.

Happy trading!

 

[simple_trader]

i have one querry regarding trendlines which i think seniors can clarify...

Though I am not senior, just wanted to tell one thing, hindalco made insider candle on Friday (after a big red candle), which is kind of positive for the stock for next 1-2 days at least.

Not sure about swing move, this stock some time makes move which is not inline with market.

regards

 

[rajputz]

Weekly support for sail lies near 222, breakage of which the next support is at 207....

 

[rajputz]

Videocon Industries

Chart is little puzzling one. But atleast sustaining above the channel is must for further upmove. Volume figures are little confusing.

This Below pointed candle must have been perfect entry. But thats gone now. And also its easy for me to comment on historical signal generated for which i can see the results, so nevermind.

 

[simple_trader]

Posting tatamotor chart. 820-823 spot would act as resistance/breakout. It offers trading opportunity. One needs to judge it on next week and trade accordingly.

 

[rajputz]

Charts of TataMotors

Weekly Chart

Daily Charts

Charts of Tata motors are really looking sound to me. If bought at this moment, the holding can only be sustained if the previous long term resistance levels are broken by it. Breaking of which can take the Tatamotors to further height. Although the price have moved a little up, but still according to pivots method it is good buy on opening or at a fall. Check the pivots and guppy charts. Price has just broken the pivots suggesting further up move on swing basis.

 

[rajputz]

Check Suzlon....Any Ideas what it is upto....

 

[AlokTewari]

Hdfc

Guys just check HDFC. seems to have formed double top 2847 intraday & 2838 EOD. Also RSI is showing negative divergence. Seems like good short with SL above 2850. These are future levels.

Anyone can provide more technical input in this like target etc. ?

Cheers !!!!

Alok Tewari

 

[rajputz]

If you watch closely then including HDFC, most of the other constituents of Nifty like ICICI, reliance, Nifty itself are forming double or tripply top formation. It can either be failed or continuation. Nifty seems to be going toward the target of 5400-5500 so in my opinion shorting is not good.

CCI has given Rejection to going further downword level, and if you watch it closely then you will find that the price took the major support and reverted back from its 20 Days EMA with increased volume.

Also The pivot high is broken on pivots trading system, which gives furthur continuation to me.
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Having a look at Floor and roof trading system you can see that the cci is again entering into the trading range. See the blue line going in the trending zone. last time it went above we see a hike of 250-300 points.

So in my opinion shorting is not good at the current moment. Just wait for nifty to decide one side and then go according to it. Or wait for a failure pattern of all the above.

Nifty has broke its long term resistance of 5370 and for it is continuation of upmove to the levels of 5450...so no shorting till then...

 

[praveen taneja]

Tomm as expected nifty would open gap up and I am ready to grab 5400 put may at throw away price lets see My eye on RIL 1120 put may too tgt just retracement