Random thoughts on technical analysis

[deb99891]

My friend emaild me both aurobindo charts, what do you think?

yes alex good obsevation
seemed to be a nice base formed at 300 odd level
if that support hold then a possible target of 345/350 seen (with a stop at 290 odd level)
lets see

 

[columbus]

My friend emaild me both aurobindo charts, what do you think?

Aurobindo has 6-month of high of 340+.We are close to that level.The volumes in this counter is coming down.Better to wait before taking a PLUNGE.

 

[deb99891]

Aurobindo has 6-month of high of 340+.We are close to that level.The volumes in this counter is coming down.Better to wait before taking a PLUNGE.

yeah columbus
28-august's bar is a concern
it made a high of 320 but closed at 307 level
(donno tat was a spike high or not)
with some good volume
yeah tat day may be also a distribution day as per chart
but at 295/300 level it farmed a base

 

[Czar]

Siemens weekly, your views:

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[columbus]

Siemens weekly, your views:
SIEMENS

If look at traded volumes for last 12 days ,it was less than 5 lakh shares per day.Except for this the counter is looking bullish.

 

[karthikmarar]

Siemens

The stock is moving in narrow range. There is lot of selling pressure in the 560-568 zone. Good support around 542. Increased volume on downbars does indicate increased selling. The last two bars are clearly bearish. For the candletick guys the last bar is a inside day and a spinning top....not bullishat all...

below 542 support exists at 490-498...

Upside can be seen only above 600...

 

[Czar]

Thanks Karthik , after a 5 weeks big move expecting it to either take a dip or consolidate here, but weekly swing entry above 600 as you mentioned seems best.. but stop loss for existing position ?

 

[karthikmarar]

czar

Stoploss would depend on the entry point and risk potential. The important thing to note here is a close below 542 could easily see 490s... so one can decide the stop loss based on this ..

As you can see in my chart entry was at 455 and exit was ay 557... now wait for the next next signal

 

[orderflow13]

auro had fresh break out..check out folks

 

[orderflow13]

yeah columbus
28-august's bar is a concern
it made a high of 320 but closed at 307 level
(donno tat was a spike high or not)
with some good volume
yeah tat day may be also a distribution day as per chart
but at 295/300 level it farmed a base

that was expiry day,auro always has those wide range bars on expiry,my feeling is volume has been sucked out from the system in 6 months,in other words its free float is very less,as now a days its moving up on very less volume,( may be karthk add a light on it),anather thing its closing on upper chanel,and i was watchin auro pharma on 28.i saw huge premium in next month contract, prem. up to 5 rs on some hours,(my system connected to net,n so is slow,else it had good apportunity for arbitrage),n by now its trading above 320 in spot,seems something very interesting going on here,i got long on auro today,with s/l of 313.45,and as u said target wd be 343.45