iCharts Discussions

[casper]

hi vishy,

so u r in action again!!!! i have not studied the probability of retracement yet, its a good topic, we need to work on it surely

lets jump to the charts

apollotyre: perfect broadening top. a break below 60 will complete the pattern, target will be 30 after that bd

airtel:perfect h/s, target 270

bpcl: its forming a descending triangle, but has to go a long way before it finishes the pattern

dlf: h/s. target 290-300,

rcom: yes it has broken down, but let us use a 3% filter here as the bd target is higher (almost 1/3 of the stock value), if it breaches 164 go short, it may reach 100-110 level in coming days(gradually)

sbin= right again buddy, target 2950

essaroil= broadening top, a break below 135 will confirm the pattern, target will be 110-115

ibrealest= same case, a break below 183 will confirm, target will be 150-140

icicibank=in order to qualify it has to break down below 1000 level, in that case target will be around 850

[girishhu1]

hi casperji,
in case of apollo tyres 1m, bd occured at 71 as per desc triangle and target is 55. m i correct?
regards
girish

[mrvishal_g]

Hello Casper,
Best of luck for your new efforts.
God bless you.


Vishal

[svrathi]

[casper]

hi girish bhai,
yes u r right, and the fact that apollo tyre is going to go down heavily can be confirmed from the broadening top pattern also.

vishal, thanks and welcome!

mr. sachin rathi,

sir plz let me know if u r considering an intraday or a positional short here? in case of intra day i prefer to decide it after viewing the real time chart(live intra day chart)

if u think to go for positional, u can use 350 by closing in case of dlf.
sbin 3180 by closing and bhartiartl 330 by closing,

special care should be taken in case of sbin, as target is small in comparison with stop loss and 89 ema is present around 3000, if u r not a risky trader, then u can avoid the sbin (in fact we were supposed to short it around 3400 and book around 3000-2950)

again, in case of heavy gap down opening the stocks may open around their respective targets also, in that case, we may see a choppy move or even a bounce back for intraday only, in that case, intra day shorts should be avoided

[vishytns]

Casper,
Check unitech, Head and shoulders break down. Provide your comments
Vishy

[vishytns]

Casper,
Looks like IDFC has broken down the brodening top formation. Please confirm.
Vishy

[vishytns]

Casper,
IDBI, very nearly looks like broadening top. Please confirm.
regards
Vishy

[vishytns]

Casper,
Check reliance. I see a double top break down. We can aslo see a broadening top formation. Please confirm.
Vishy

[vishytns]

casper,
GUJNRECOKE, looks like in the verge of head and shoulders break down. Please confirm
Vishy.

[vishytns]

Casper,
Broadening Top in ashok leyland? Please confirm.
Vishy

[vishytns]

Casper,
Check the chart of SESAGOA. Is the pattern head and shoulders? Please confirm.
Vishy.

[vishytns]

Casper,
ONGC, looks like has formed head and shoulders. Please provide your views.
Vishy

[vishytns]

Casper,
I was going thru nifty heavyweights. I observed the following. Please check them aslo.
Vishy

Nifty Heavyweights
===================
1. Reliance - Double Top break down, Broadening Top formation
2. LT - Broadening top formation, break down level at 1980
3. Infosys tech - head and shoudlers, break down at 2970-2980 levels
4. ICICI Bank - Taking support at exactly 38.2% FIB retracement levels. break down would lead to next level
50% FIB retracement level - 1177,
5. HDFC Bank - Symmetrical Triangle, triangle support at 2270-2280 levels.
6. HDFC - Symmetrical Triangle

[girishhu1]

vishytns/casperji,
you have posted charts of a no of stocks. can you now tell us which are 5 TOP stocks best for buy and sell for mondays trade , using any one indicator and any of the patterns you trust most. i think p/l ratio would be important for selecting the top stocks + reliability of the pattern. would you also take into consideration open interest, in case of f&o stocks? kindly elaborate
regards,
girish