iCharts Discussions

[casper]

its coming down but i am expecting another up move which should come today, may be during last hour

but i am sorry yesterday i have committed a mistake! i just forgot that yday was last day of may, and from today,we are getting new monthly pivot as today is 1st june, so i predicted 204 depending upon may month's pivot which is not relevant for month of june


since june month pivot is around 189 and eod 34 ema is also there, so i think, in mid term, we should target 190 instead of 204, this 190 is going to be be a tough zone to overcome, u can sell if it reaches here and then if it closes above 190, say around 192-193 then again u can buy with a target of 207 (june months monthly r1)

[anand1234]

[sumesh_sol]

HINDALCO ..60tf
******************

Hi Casper,

Please see Hindalco on 60 tf. Whether it fits the pattern of C&H..
OfCourse , DMI is not above 30 PRESENTLY, but that may change..

If it is a VALID pattern and a BO happens , then as per me the tgt should be around 207 ?

[casper]

hi sumesh bhai

the left hand side intermediate bottoms looks a bit unnatural for a classical c/h, but over all i think it should qualify for c/h

in classical theory, it is said that rounding bottom or c/h like structure should form over 3-4 weeks when we consider it in daily tf,means we should look for 15-20 candles structure, infact these are only for daily charts as they are more of investor's pattern.

but, personally i interpret it as "look for any tf, but look for 15-20 candles," (as in daily 3-4 week means 15-20 candle)

so going by that rules also, it has around 20 candles so it qualifies as c/h from candles points also

[S.S.]

textile done good today
bombay dieing still looks good close abv monthly r1
skumarsynf 70.6 turns to be solid res

here i m posting chart of biocon rounding bottom break-out

[S.S.]

i m back again with coal india - the tricky stock (thankx to casper who catched it so once again share ur view abt it)

close abv upper channel line but rsi is facing res here lets see what happend tomorrow........ i mean today

[ronypan]

dear s.s. I think If CoalIndia Opens Gap Down and Trades below 408 with volume then It can touch to 394... Its just my view...

[ronypan]

Relcapital looks like to test 538 and 544

[casper]

a 3rd class gap down happened, if i had some +div set ups , i would say "1st class gap down happened "

now all my set ups are gone, i think all of us is now in the same boat, try to find +div near support for some easy trades, me too finding and will post as and when i get some

[ronypan]

Cipla/.....

[S.S.]

[ronypan]

moving stronger...

[S.S.]

[ronypan]

[sumesh_sol]