TECHM: On the high way

TECHM is now looking too good to swing traders, it is trading now in a strong bullish territory as per it's MACD, and the cross over occur second time in same territory!! So friends keep a close eye on TECHM till today's last hour, you can take a long position even on current market price 962 with an affordable stop loss that fit for you for another 8-10% rally from here, as this kind of MACD trading is an art more than science, therefore no target and stop loss identifying is not possible. So all that we have to do to take the trade, are to be an artist instead of scientific trader, hardly we can put science in this trade that is in 60 minute chart there is a DZ 939-946 (though not very good DZ) can buy there, and mainly we will have to track the art (Better to say manage the trade all time as it is not preplanned)  almost all time until we exit. But believe me, I have seen too many history of this kind of formation and it is so impressive that though there are no science in this kind of trade yet it can't stop  me to take a long position only for the pattern's HISTORY.

NIFTY: A pause before another bull run.

Hi friends, take a look on spot Nifty, it is looking that Nifty is just taking a sprint before run, MACD line is in positive Territory and again it is going to cross signal line, as seen in past history once it occurred Index run 5-6% sharply, so once it happen 5950 just the matter of time, and may be 6120 can reach in that rally. So friends keep a close eye on Daily chart of Nifty and the MACD, and very frankly, once it will happen, I am going to withdraw all short position and will do reverse.

M&M: Loosing its strength, good opportunity to short.

Hi friends, take a look on M&M both in Weekly and Daily chart it has lost its strength after a long long time, be cautious with your long position; one can short M&M @ 908-920 range with a stop loss 929, as per daily chart it has a DZ 781-803, though there is a crowd seen around 820-842, as per risk - reward  ratio crowed also good.

JSWSTEEL: Out performance continuing.

Hi friends, as we noticed JSWSTEEL is out performer in metal sector and till it is indicating to continuing it's out performance, it seems to me one can take a buy position @ CMP 752 with strict stop loss 732, tgt will be 800, 845 

IRB looking good for swing trading

Hi friends, IRB  is now looking good for a swing trading, a long @ CMP 122.8 with a stop loss of 114 can be taken for the target 140, 145. Though it may take little long time to reach it destiny. Let's see what happen.

LT: Confirmed it's reversal

Dear friends; after a long long time finally LT is in a reversal mood now, yesterday (29/10/2012) LT show off its strength is over and now a confirmation given with its RSI and MACD negative divergence. As per my view one can short LT @ 1640 with stop loss 1680 tgt 1540, 1505, 1430.

WIPRO: Good opportunity to long for swing trader

Hi friends, take a look on WIPRO  chart, it is now looking good for a swing trading, price is in DZ and RSI is turning from its over sold territory, which indicate a good opportunity to buy @ cmp 341.5 with a stop loss 333.5 tgt 360, 379, 395.

JPASSOCIAT: Looking rally is over....Be cautious...

Dear friends, keep a close eye on JPASSOCIAT, it seems the rally is over. RSI has formed a negative divergence, so it will be good to book profit if any one has long position @ cmp 94, for fresh short, yet to be wait for a while, until the red line goes above the RSI line. So keep a close eye to take a fresh short.

TITAN: Reversal will happen very soon

Hi friends, TITAN  is not looking good now, I think the rally is over, and one should book profit of his long @ cmp 275, with a stop loss of 283, the lower side those we may seen are 264, 255, 248, 242 in near term. So friends be cautious of TITAN and please don't be greedy if it crosses the current high 277.9 it may going to be a false breakout.

NIFTY: Got support from 20DSMA slope, short term trend UP

Hi friends, on my yesterdays post I wrote one should short Nifty @ 5660 (spot) with 20-25stop loss, as it was then trading below its 20 DSMA, and BB also showing a probability. But it stopped out and at the end of the day price closed above its 20 DSMA, earlier, when it has broken the level it means  it has absorbed 20 days Demand, but just below the slope of 20 SMA it took support and reversed back which means we are executed by the high skilled professional, and very frankly, almost none of us acted reverse, I mean when it was stopped out we did not act reverse (we did not buy) now a days it is noticed that high skilled professionals are taking their entry zone which is our stop price!! So friends lets chase them and always try to take entry nearer the stop level and always act on reverse side too. By the way here I am trying to give my Nifty view, it will you who will decide what to act and how to act, Nifty will now go to 5758,and above that it my retest its recent high. As per my view Nifty Short Term Trend is UP.

NIFTY: Again under fresh selling presure.

Hi friends, Nifty looking under new selling pressure, I think it is a very good opportunity to short nifty @ cmp 5660 (spot price) with a stop loss of 20-25 points, it has currently 2 DZ, first one around 5536 - 5582 and second one 5420 - 5450. Have a happy short.

RANBAXY on a high road to gear up

Hi friends, RANBAXY @ 547 is looking attractive, this time 571-587 SZ can not stop it, at least I hope so, new SZ that I found 597-611. I would like to buy @ cmp 547, with a stop loss 530 for the target 597 and 611...... it seem very good one.

M&M:Probable reversal?

Hi friends, take a look at M&M it is looking in a probable reversal mood. One can short M&M at Current Level 863, with strict stop loss 880, target 805.

BGRENERGY on a strong reversal mood.

Hi friends, after ECB, FED, and RBI announcement today's market is little quiet, but in this quiet market BGRENERGY silently formed HH-HL pattern on daily basis, though market hasn't closed yet, I think BGRENERGY silently done the reversal move. Though it is looking tough to define a small stop loss but on 30 minute chart and 240 minute chart both showing 271, let's cut another 1 Rupee and keep the SL 270.00 and best entry price 274-275 (CMP 277, can take a small qty) tgt will be 290, 302. First target is little small. Buy my point of view is it has changed its longer term down trend. So friend if Risk:Reward is not looking impressive for you, don't buy, besides I would like to suggest please don't short now at least. Wish you all have a happy reversal.

AXISBANK on the reversal

 Hi friends, look at AXISBANK chart, I think it is going to be reverse. I would like to take a long position. 1001-1005 will be the best level, Target will be 1114. Have a happy holding.

NIFTY next destination 5950??

Reverse Head and Shoulder Pattern

Hi friends, hope you remember I posted Nifty view with the help of MACD oscillator on 11/09/2012 that, this time5433 won't able to stopped it, though ECB and FED helped NIFTY like a positive catalyst  to crossed the level. And now as per my view 5613-5740 is another SZ as per weekly chart, but I think this time even 5740 cant stopped NIFTY as it is going to be third test of the zone (See the picture). Weekly MACD looking steady and strong, HH-HL formation in Daily chart till holding, Nifty going to be boom as per my view the next destination is 5950. Please dont Shocked ....It is forming a Reverse Head and Shoulder pattern, I have taken it from 31 Dec 2010 , top of 6181, but if we try to more purify the same pattern and assume the left shoulder is started from 8 Apr 2011's top 5944 yet the pattern must complete above 5944... thats why I suppose Nifty wont stop bellow 5950...Be cautious of your short position.

NIFTY: Looking in a strong bullish territory.

Hi friends, after yesterday's choppy season, Nifty again started bating conservatively, and looking it is well settled now and will make long run!! And I think a newer high is going to be made, 5433 can't stopped it. So friends, be cautious if you have shored Nifty. I am now prepare for a bull run. Are you ? 

VOLTAS looking good for long

Hi friends; look at VOLTAS, it is really looking good, MACD crossover again happen second time in bullish territory, and as history if it happen, then a long bull run was seen mostly, also till it is continuing HH-HL formation. I would like to buy and hold it. Thanks to Mr Amit Daveji who find out the stock. 

METAL: Probable Revarsal? JSWSTEEL & JINDALSTEL on a ride?

Hi friends, On daily chart CNXMetal on a DZ and on hourly chart, till 50 to 80 point up move possible, and at the same time JINDALSTEL and JSWSTEEL are both in DZ on daily basis. Though Metal sector on a demand zone and a reversal is expected as metal price is increasing in spot, yet I haven't choose TATASTEEL as it yet to come its weak DZ.  As per my view JINDALSTEL can be long with a strict stop loss 339 for tgt 375 and 396, and JSWSTEEL is an out performer than the Metal Index and it has just started up move, and till it hasn't broken its up trend... as it is holding HH-HL formation, so I think it is another Metal counter where one can take a long position with strict stop loss 664 and can be carried for next HH....... JSWSTEEL also crossed it 200 DMA. WIth comparison of Metal Index I think JSWSTEEL is the best for now. 

TATASTEEL: More pain ahead?

Hi friends, as I posted yesterday my Nifty Intraday view that a reversal may happen if Nifty sustain above 5260 and today morning it open bellow that , so hope no one go long with Nifty for Intraday. And as earlier I posted Nifty may come down at 5216 and today it made a low 5215.7 till 1:18 p.m. Don't know the next destination, I haven't seen yet...

And hope more pain is awaiting in short term. Look at the  TATASTEEL daily, I am really worried about it, and as per chart, what it formed, I would prefer to stay away from TATASTEEL, and I think it may test the GAP of 15th May 2009, and until it come around 250-270, simply I am not interested. 

RELCAPITAL on the move?

Hi friends, take a look on RELCAPITAL daily chart, it seems ready to take a sprint up to 360 on daily basis. 323 is almost 0.5% of its current average true range, and I would like to take a swing trade on it with 323 SL @ CMP 331.

 

AXISBANK : Buying opportunity for swing trader?

Hi friends, for swing trading AXISBANK is going to enter in an attractive zone 977-967. As this bank is out performer I think one can utilize this demand zone as an buying opportunity. My opinion is as market trend is down I would like to take a long position while price will enter bellow 977, may be I would prefer 970-972  as the supply zone for the same is around 1005. Difference only Rs 28, so my  risk :  reward  after the cost ........... ok friends that is my opinion.....  you can take a look.

NIFTY heading twords 5200?

Dear friends, as I posted in earlier post that Nifty may touch 5216, and now I have no doubt about that (lets pray won't make me fool), see the channel (see the picture drawn with white line) , instead of basing 5200 I think more pain is awaiting ahead. See the picture drawn with blue line.

Bank of India has broken vital area of 261on intraday basis.

Hi friends, hope you all enjoying NIFTY short as I posted earlier, currently Nifty spot trading bellow 5300 (now 5296 1:19 IST) and now friends another news for you, as per daily chart BANKINDIA has gone, it breached a very good demand level 261 on intraday basis. As per weekly chart there is a gap @ 250.95 but hope it will found it's first demand zone around 227-242 and then second demand zone around 178-198 (both are weekly basis). As I told on yesterday's post that Nifty and MACD are now in negative divergence, I hope more pain awaiting for the market. So friends, be cautious of BANKINDIA.

NIFTY: Preparing for big down?

Hi friends, hope you all enjoy NIFTY falling. previous post I stated Nifty and RSI made negative divergence and it falling down, now MACD also formed negative divergence. Ans so I hope market may stay in downwards for little more time. May be 5215 is the next level.

NIFTY, finally comming back from the top?

Hi friends, as I posted earlier about NIFTY price making higher high and RSI unable to make higher high thats mean a negative divergence forming, now today it formed the desired divergence! Finally RSI line crossed the red line, I like to go short NIFTY for short term, even IndiaVIX also supporting that may be NIFTY rally is over. What do you say?

SILVER hit the supply zone $29.47-29.87

Hi friends, look at this chart of SILVER. It hit first supply zone of $29.47-29.87 in international market. Now USDINR is only hope for further strong upside or a break out in international price. I dont know the fundamental relation between SILVER price in dollar and Indian rupee, but technically I would like to book profit at the current level Rs.55470 in MCX. What do you say?

SKUMARSYNF showing good buying oppertunity?

On daily chart SKUMARSYNF looking in good demand zone. On my side I would not like to buy more, as it is a small stock and under performer with the market. 22.10 will be a good stop loss. But buying SKUMARSYNF at this level (CMP 24.25) is going to be little risky as the supply zone is around 25.75-26.85 ..so better option to buy on decline around 23..or we can apply our trade management.

SBI

NIFTY preparing for a reversal (down)?

NIFTY

In daily chart NIFTY  has broken it's prior supply zone 5340-5378 but unable to take a move towards the next supply level. On weekly chart till it is in a strong up trend but in daily chart, price making Higher high (See the picture 10th July and 17th August tops) but RSI for the same period interval unable to make Higher high. That means a Negative Divergence is formed. But in the chart RSI yet to be cross the red line to confirm a reversal in the price movement. And therefore, I, personally believe to watch NIFTY carefully before go for a short. Once the RSI confirmed the crossover with the red line I suppose to  go short. Now I am carefully tracking it. So lets hope for a 1-2 -3 side ways movement for NIFTY to go short for a big target with minimum risk. Happy Watching

Hindi: दैनिक चार्ट में निफ्टी टूट गया है यह पहले 5340-5378 क्षेत्र लेकिन असमर्थ आपूर्ति अगले आपूर्ति स्तर की दिशा में एक कदम रखना. साप्ताहिक चार्ट पर जब तक यह एक मजबूत प्रवृत्ति में है, लेकिन दैनिक चार्ट में, उच्च उच्च मूल्य (चित्र 10 जुलाई और अगस्त में सबसे ऊपर 17 देखें) लेकिन RSI इसी अवधि में असमर्थ अंतराल के लिए उच्च उच्च बनाने के लिए. इसका मतलब है कि एक नकारात्मक फर्क बनाई है. लेकिन अभी तक चार्ट RSI में लाल रेखा पार करने के लिए कीमत के आंदोलन में एक उत्क्रमण की पुष्टि. और इसलिए, मैं, व्यक्तिगत रूप से निफ्टी ध्यान से देखने से पहले कम करने के लिए जाने का मानना ​​है. एक बार RSI लाल रेखा के साथ विदेशी पुष्टि की मैं कम जाने लगता है. अब मैं ध्यान से यह ट्रैकिंग हूँ. तो एक 1-2 निफ्टी के लिए न्यूनतम जोखिम के साथ एक बड़ा लक्ष्य कम करने के लिए जाने के लिए -3 पक्ष तरीके आंदोलन के लिए आशा देता है. खुश देखना.

MCDOWELL-N looking road bump is ahead, be cautious

Hi friends look at the MCDOWELL-N chart, as per my view on 13.08.2012 it suddenly got a huge volume than its average daily volume, which means a probable volume extortion occurred and no more willing buyer left, and I hope a reversal.  Besides the volume factor, on BB, price closed on 13.08.2012 far above of its Upper Bands, and on 14.08.2012 a big red candle formed which also suggest a profit booking. Therefore my point of view is I would like to book profit of my long if I have, also I wish to go short at CMP 920 with target of 824 with closing  basis SL 940.