Long or Short Opinion

[goodstocks]

They are Everest kanto and Bombay rayon fashions

 

[rajputz]

Aurobindo Pharmaceuticals is giving a Famir Pattern on EOD basis, suggesting further upmove. Price is above the Support EMA 20 and 34.

Adaptive CCi is also giving a trend changing pattern Vegas Trade.

Stochastic and RSI are also Headed to upside clearly.

Closing above 964.50 on EOD basis can bring in more upside to this stock.

Although i my self dont like to trade the Trend Changing pattern like famir and VT very much. Cause they both can be negated any time and can change into Zero Line Rejection. Like if the price opens and start to fall till the end of day, the famir and VT will be failed pattern and new trend continuation pattern to downside ZLR will be valuid, and we will have to reverse the decision.

 

[rajputz]

For Upside move, CAIRN is looking good. Although i am little late in detecting the entry. As of my system the entry was confirmed at previous bar, because famir pattern was there supported by Stochastic, RSI. But now it has moved 10 points above my price. ALthough the uptrend and more upside is still valid by Guppy pivot system. The Upmove has just started for cairn.

If nifty remains positive for coming week, the shorter term target for cairn can be 318 321 324 with 315.7/312.20 as stoploss. On swing basis target can be 323 330 342. with Stoploss 303.

 

[rajputz]

IBREALEST has given a trend continuation patter, gb100 giving more upside. Other indicators are also supporting the move. Everything. Closing above 177.5 can bring more upside.

 

[rajputz]

EKC - i think EKC is in chopp zone, where stock revolves around the 20 and 34 EMA, widout giving a major move, only revolving between some certain price range. Untill a trend and its direction is confirmed, no trade zone for me.

 

[rajputz]

BRFL also suggesting upmove. The Pivot high is broken.

 

[rajputz]

MCDOWELL-N giving a positive VT. Trend Changing pattern. Only Confirming signal on technicals.

 

[rajputz]

Check Grasim for more Selling pressure. Trend is already down on CCI. Stochastic and RSI also giving the sell signal, along with Pivot Low broken.

 

[rajputz]

Simmilar longs given by Pivot system are: -

MPHASIS, PRAJIND, SBIN, TATAMOTORS

Other main indicators i use, like CCI and Stochastic RSI are also confirming the upmove. But any thing drastic the coming weak can ruin everything.

 

[scplindia]

Rajputz,

Great posts, you have already told me that you donot consider news while studying the charts, unfortunately, Monday looks to be Gap down so far, based on news and Global Cues, this was not the case when we closed on Friday. When we closed on Friday, no major fall was anticipated in Dow and Europe Markets. But subsequently news pulled all of them down.

With majors uncertainity looming over PIIGS countries, Goldman Sach probe etc, I am sure this is just the tip of the iceberg, because politicians who control most of the analysts will not allow, bad news to be released as it is, in its true form. So far whatever we are hearing is bad news sugar coated, when the sugar disolves, thinks are not going to be good.

So with a RED DAY expected on Monday, can you still suggest that these long calls will hold.