My charts (and yours too........)

[amritak1952]

sir,
thanks for nice charts and explanation of the same specialy IDFC. I feel IDFC and IDBI Bank are moving in similar fashion to me it look like IDBI charts there is reversal pl give your views thanks in advance
amrit

 

[Romeo and Elliott]

sir,
thanks for nice charts and explanation of the same specialy IDFC. I feel IDFC and IDBI Bank are moving in similar fashion to me it look like IDBI charts there is reversal pl give your views thanks in advance
amrit

Hi Amritak,

kewl, just looked at IDBI, it does look startingly similar, but i'd have pegged IDFC a bit more bullish based on the following 'micro' things i pay attention to :

1. Long lower shadows on every touch on the trendline.
2. IDFC bounced before NIFTY did.
3. IDFC formed a short double bottom (Normally a double bottom is formed on the same price, because the price is considered as support, in case of IDFC it did the same thing, but instead of a given price, it did it on a given trendline)

but these are just 'micro' differences i look at for day-specific entries.

On a macro scale, yer right, they seem to be following the same general route.

If you 'sir' me, I'll 'sir' you back . I'm fine with RnE. Thank you

 

[sunny_cool]

@Babu & RnE please analyse this chart...I found it good & wanted to share with you & want your ideas...
I m bullish on this for another big move(not very big) may be 100 - 150 points if it break its level

but i m not confident & new in trading & charts ...it also seems that it can show down movement also & that can be steep

Plz comment...shud i get out of this

 

[Romeo and Elliott]

@Babu & RnE please analyse this chart...I found it good & wanted to share with you & want your ideas...
I m bullish on this for another big move(not very big) may be 100 - 150 points if it break its level

Plz comment...shud i get out of this

Hi,

Good call.

I couldnt make sense of it so didnt respond, good i didnt cuz i would'nt have seen this coming @ the upmove today, may even have recommended waiting for a retracement

What was the basis of the call ? if you could please explain, is it like a cup or something ?

Thanks

 

[Romeo and Elliott]

Got into Idea Long at about closing.

Not sure if its a good trade, lets see, 200SMA has not been broken today, but basis of entry was the trendline break on closing.

Last candle is intraday.

 

[sunny_cool]

Hi,

Good call.

I couldnt make sense of it so didnt respond, good i didnt cuz i would'nt have seen this coming @ the upmove today, may even have recommended waiting for a retracement

What was the basis of the call ? if you could please explain, is it like a cup or something ?

Thanks

This stock was doing very well from last some days...got clue from news...so i was following its chart & waiting for this this level...& it did it yesterday

although i get out with little profit(one of basic mistakes)

Its in upmove again

 

[mangup]

Dear babukraman,

I think for the evg star to get cnfd in Grasim Monthly chart, we need to wait for the breach of this month's (May) low by June month's candle.

However as spotted rightly this trading range can be traded in June.

mangup

 

[mangup]

Tulip a possible short IMO, with a target along a valid trendline.

Dear R&E,

IMO Tuliip is making ascending triangle in downtrend which is bullish. Its has just touched the bottom trendline which is good point to go long favouring less risk.

mangup

 

[Romeo and Elliott]

Dear R&E,

IMO Tuliip is making ascending triangle in downtrend which is bullish. Its has just touched the bottom trendline which is good point to go long favouring less risk.

mangup

Hi Mangup,

Yup, it was the red body that breached the trendline that kindof gave me the jitters, but the way the last two days played out, it looks bullish. Such patterns [i call them DT3B - Double top with a triple bottom] have an excellent upside on success.

Their failures occur when the larger trend is down and the upside was just corrective.

But yeah, it looks nice n bullish now. Subject to the upper trendline breach, this would give good returns.

 

[Romeo and Elliott]

Two more stocks doing something similar (inverted, but the same philosophy)

Suzlon and Ultracemco

Suzlon : IMO still has an upside Broke out about two days ago, but i just kept waiting for a 'good entry' its never good enough .. anyways.. looks nice and lovely. IMO a thrid wave to the upside, expecting a strong impulse.

Ultracemco : MAJOR PRICE CONFLICT, watch the last two-three days flirting with the trendline, expecting an entry long 2morro. For a better entry it should breach circa 1055 on a closing basis, but it might just zoom past the point.