iCharts Discussions

[Dkaur]

Hi friends,
Congrats for making good profits in SBIN. Those who are long in SBIN should start profit booking in this counter, the resistance levels are 2215, 2222, 2287

In my earlier post i clearly stated that nifty would take support @ 5535 and it actually took U Turn from 5540. From 5540 to 5880 (what a wooooooo move).
As far as Nifty is concerned Nifty future should go up to 6060 and nifty is moving according to only Gann levels. See the attached chart. The chart is of Nifty Future. Major resistance levels are 5960-6060 and major support levels are 5820-5760.

[Dkaur]

[saumya12]

Many Thanks DK for the chart and the analysis.

[dhanjaal]

thanks DK for the targrets on SBI. I have covered 90 shares @ 2200 & holding rest 10 shares for the targets of 2220. Thanks a tonne for your valuable guidance.
Dhanjaal

[chandrujimrc]

Thank you DK.

[dhanjaal]

DK it seems SBI can touch 2287 in a day or two. great analysis done by you.

[chandrujimrc]

Dear DK,once again if you dont mind can you post the chart with gann angles for Ranbaxy?

[Dkaur]

Nifty again & again is taking support & resistence @ Gann levels. In my earlier post i stated that 5960 & 6060 are the major resistence levels and see the beauty it actually found resistence @ 5965 level. Again i mentioned that that major support levels are 5820 & 5760 and nifty found its support @ 5823 levels. Till date there is no change in the levels. A close below 5820 will drag the index to 5738, 5688,5566. and the resistnce levels are 5960,6060,6084. All levels are of spot nifty. So try to take positions near these levels with small-small points as stoploss.
Regrds:
DKaur

[P22NKP]

As Expected LT touched the Lower end of the upward channel at 1573 & there are good chances of rally on the upside with a target of min 1700 & max 1900 as there 3 reasons for my Bullishness..

1. Slow Stochastic & 9 day RSI is oversold on daily charts

2.Golden Crossover Of 20 day Ema & 50 day Ema has not happened yet.

3.Looks like a Inverted HnS Pattern

These are my view points enough for me to go Long with stop Loss of 1565 on LT spot please use your own mind before taking any positions ...

Regards
NKP

[dhanjaal]

Thanks a ton DK for the nifty levels.
Ur Sbi call rocked, it zoomed from 2040 to 2404.

[Dkaur]

In a day or two we will get a chance to short Tatasteel.A short can be initiated in Tatasteel @ 454-455.
It can also go up to 467 more shorts can be added at this level as it will face resistance @ 180 degree which is @ 467. Stop-loss is 470 and 1st Target is 428. 2nd Target is 369 and 3rd target is 339.

[Dkaur]

Dear All,
Get ready for the action in SBIN. As today it has given signals to get ready for initiating short trade in it. A short trade in SBIN should be initiated @ 2480-2484 as it will be completing its 360 degree rotation which is a strong resistance for it. For safer short trade in SBIN , if it touches 2484 and then closes below it then initiate the short trade in it (at 3:20pm). Also there is -ve Wolfe Wave with (-ve divergence in RSI) in SBIN which is also confirming for shorting in this counter. Stop-loss 2500 Target 2400, 2364. Attaching 2 charts of SBIN.

[dhanjaal]

Hi DK Wish u a very Happy New Year 2013.
You and your calls always rock

[DEVIKAUSR]

DKAUR JI

ARE THESE LEVELES FOR FUTUR


REGARDS

KAUSHIK

[kamal.icharts]

Dear Member,

Please ensure that the charts are posted as per the rule 12 mentioned at http://www.icharts.in/forum/forum-usage-rules-und-regulations-t2771.html

Thanks for your understanding.

Kamal