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

[kaly422000]

Re: ISMT daily - Dark cloud cover formation

Hi all,
Please check this dark cloud cover on the daily of ISMT. Can we expect downward trend now?

Please shr ur thoughts

thanks - Sharath

friday most of the midcap affected , any way this one short term range bound likely from 58 to 68 . if closed convincingly abv 68 upmoov may happen

 

[rsingh2005]

http://img25.imageshack.us/i/insect2.png/ this insecticide weakly chart look promising pls coment

Hi Kalya
What I have analyzed that stock is in strong upmove on weekly chart, from it pick it always retrace in range of 38.2% range. & never touches the 50% retracement& if it crosses 240 level, of resistance then it should go higher, also last week closing is higher than the previous week.though volume is very low. Also last week is closing is above 38.2% retracement. This is the interpretation of real newbie , expert like Raunak, Babu, RnE can put more input.
Regards
Rajesh

 

[kaly422000]

Hi Kalya
What I have analyzed that stock is in strong upmove on weekly chart, from it pick it always retrace in range of 38.2% range. & never touches the 50% retracement& if it crosses 240 level, of resistance then it should go higher, also last week closing is higher than the previous week.though volume is very low. Also last week is closing is above 38.2% retracement. This is the interpretation of real newbie , expert like Raunak, Babu, RnE can put more input.
Regards
Rajesh

its also try to form cup and handle in weakly chart(may be in daily chart also).
bulish engulfing in weakly.

 

[rsingh2005]

Re: ISMT daily - Dark cloud cover formation

Hi all,
Please check this dark cloud cover on the daily of ISMT. Can we expect downward trend now?

Please shr ur thoughts

thanks - Sharath

On weekly chart this stock look bullish. Having resistance around 70 level.having strong support around 50 level. Also stock has closed above the immediate resistance around 60 dont know much about this stock so again expert comments will make our understanding more clear.
Rajesh

 

[babukraman]

Re: ISMT daily - Dark cloud cover formation

Hi all,
Please check this dark cloud cover on the daily of ISMT. Can we expect downward trend now?

Please shr ur thoughts

thanks - Sharath

This was a special reco on "Naanayam Vikatan", a Tamil weekly financial magazine. Reco was made by Mr.B.Sriram of Reliable Stocks, Chennai. This is the gentleman whom I often quote as SRMAC for his MA crossover system (SriRam's Moving Average Crossover)
"Buy on dips" with SL 45 and targets 60, 80, 100, 120
Reco was made on the issue dated 5/12/2010 delivered on 28th Nov Sunday. It's a post dated issue.
FYI
Cheers!
Babu Kothandaraman

 

[babukraman]

20101206 NMDC

 

[dhootankur]

Oswal chemicals looks like has made Cup and Handle Pattern and now trying to make a break. Let's c 2morrow or in coming days if it can cross 23.50 - 24 with Good Volume, if this happens then we can see near 30 after BO as 1st tgt and near 40 2nd tgt.

20 - 19 is good support as of now.

 

[babukraman]

Re: Tatasteel charts

TATA STEEL
2010-12-03

Daily chart

585 levels had previously been Resistance for four times at least (Oct 09, Dec 09, early Feb 10 and late Feb 10). It had broken out thrice and down twice. Now the price has taken Support this level twice, during early as well as late Nov 10.
There are two scenarios here.
1. Descending triangle: The top of the pattern is at the 680 levels and its very close to the 52 week High of 705 levels. And usually, this is a bearish pattern. So, a bearish pattern at the Resistance zone.
2. Positive divergences: Now lets move closer to the price action for the month of Nov 10. On the 1st Nov and 30th Nov, the price has made double bottom taking the Support of 585 levels. The MACD histogram, RSI and STOC have formed positive divergences for these corresponding lows. (RSIs is very marginal though)

Now comes the question. Do you want to play the pattern or the divergences?

Cheers!
Babu Kothandaraman

 

[babukraman]

TATA ELXSI 20101209
HnS

 

[babukraman]

WIPRO @ 450.95 on 20101210
By this close, it has made a HH (has been on a down trend since mid Oct). Also, a R level of 442 has been broken out with 0.6xVol>VolMA5. The next Resistance will be the 452 level, the top line on the chart.
The Support must be around the 48EMA @ 430 and 100EMA @ 426 levels.
(Hindsight: Current rally has yielded a 12% up move with a tweezer bottom cum double bottom at the 400 levels, well supported by the positive divergences on the indicators. That too, in a bearish biased, choppy market conditions, a steady performer so far)
Cheers!
Babu Kothandaraman