Long or Short Opinion

[rajputz]

Be cautious on MPHASIS. I am waiting for a Zerlo Line Rejection for this on CCI. If it comes then we can see a beautiful fall, as the price will be bouncing back from the major support of 20 and 34 EMA. Which will be perfect Sell at Top. But only if ZLR is formed....

 

[rajputz]

JINDALSAw - Sell

Check the Appearance of Famir pattern, followed by negative divergence on stochastic and RSI...given sell signal via Cowbunga System also.

 

[rajputz]

If tomorrow is the down day again, then IBREALEST is the share that i want to short perfectly. See the increasing volume on downbars, taking resistance just near the resistance EMA. Also check the Tony trade that i about to form.

 

[simple_trader]

Re: 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

Good analysis.

regards

 

[simple_trader]

NIFTY spot has just kissed 20 EMA today. Closed at day's low, which suggests high possibility for bounce tomorrow. If it maintains 1-2 days below 20 EMA 5268 spot, then we can see correction in nifty to 5050 about.

 

[rajputz]

Nifty has broken all the support levels today giving weakness for the further upward move. CCI has given a horizontal trend line breakup suggesting the change of trend, or at least another down day. Stochastic and RSI are supporting the down move. Adaptive CCI has also given a Ghost confirming the down move. Macd has also reverted to downside. Pivot system has also broken the lower pivot giving further trend continuation.

Hindalco is looking weak over daily charts, taking support everyday near its 20EMA. CCI has formed a famir pattern, giving a trend reversal to downside. Breaking of this 20EMA(177) may lead to support near the 34EMA(172). Stochastic and RSI are also supporting the down move.

State Bank of India took resistance near its long term downtrend line, surrendering its gain by breaking the major support of 20EMA 2075 and 34EMA 2063, which suggests a further fall for the stock. Adaptive CCI has given a ghost pattern for trend reversal, along with Classic CCI giving ghost and a Vegas trade for further confirmation. RSI and stochastic are also supporting the down move. Macd has also reversed to the downside.

 

[goodstocks]

Nifty has broken all the support levels today giving weakness for the further upward move. CCI has given a horizontal trend line breakup suggesting the change of trend, or at least another down day
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Dear Rajputz, Instead of FURTHER UPWARD MOVE it should be FURTHER DOWNWARD MOVE(refer your above message)

 

[Zigor]

Well done Mr. Rajput !

I look at this thread whenever I get time .I would like to congratulate you for the success of this thread.

Infact I was the first one to wish you when you started this thread


Keep it up !

 

[rajputz]

Nifty has broken all the support levels today giving weakness for the further upward move. CCI has given a horizontal trend line breakup suggesting the change of trend, or at least another down day
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Dear Rajputz, Instead of FURTHER UPWARD MOVE it should be FURTHER DOWNWARD MOVE(refer your above message)

It is written right good stocks. Here i mean is that, all the support levels are broken giving weakness for further upmove (Which means the strength is towards downside).

 

[rajputz]

Well done Mr. Rajput !

I look at this thread whenever I get time .I would like to congratulate you for the success of this thread.

Infact I was the first one to wish you when you started this thread


Keep it up !

Thanks again Zigor. Its only with the help of you guys the thread has reached so far. Keep participating.