iCharts Discussions

[as4manju]

The stock is at the lower end of the channel and break and close below 175 means that we are heading back to its recent lows cannel height is 20 points .. again a news based counter expect lot of volatality going forward..

[girishhu1]

[as4manju]

Hi girish..

well i do the scanning of stocks manually i usally cover very limited number of stocks particularly to all index stocks(nifty,nifty junior,bank,cnx it).. even though i use a inbuilt system called as Fractal trading system i dont relay on that too much.. most of the calls given by me are based on trendline studies and not based on the system..

Regards

Manju

[as4manju]

Most banking stocks are at the cross roads so will it be the bulls or the bears who ll blink first up or down only time ll tell.. here are few stocks from banking index

SBIN: I will buy this stock only if it closes above 2800 its on the verge of BO or BD from a small range below 2700 it can re test 2650 or even lower.

ICICI: think of buying it only above 1150.. the stock has made a higher top higher bottom looks enocouragin but in case falls below 1100 god help this stock

Kotak bank yesterday mentioned to watch for 445 levels..

HDFC: the only stocks which looks strong from the sector above 705 can do 720-740.

Bank india: looks like its heading for 400 levels can take high risk longs for a bounce..

PNB - 1200- 1225 is the range to look for can give a quick move beyond these levels

[as4manju]

Tcs - 1135-1155 are the levels to watch for can give a good moment of 80 poitns

Ranbaxy - Previous call updated that it can do 580-600 stock has already made a high of 592.. close above 590 with good volumes can take the stock to 650+ levels in medium term

Rel infra - As always i say one of the most maupalative stocks are from the R pack and a clear avoid and stay away stocks.. the stock has made a doji pattern and is very close to the break down point consistent close below 790 can take the stock to its recent low..

LT: another fav short counter of mine below 1930 tgt 1900-1870 think of buying the stock only above 1980 levels

[as4manju]

Posted on 15 dec 2010 above 1330 tgt 1350-1370 and two days back also mentioned to buy above 1325 today the stock has reached tgt1 of 1350 can do 1370 also.

Watch out for Jindal steel and power has posted the call on 27 dec 2010

[as4manju]

Tata Steel small range above 672 can do 680-690 and momentum buy above 700 for medium term... trouble ll start for the stock if close below 660

Bharti - above 355 can do 363-370 in short term..

[as4manju]

Suzlon - close above 53 can take the stock to 55-57 levels in a quick move..

Hdfc - tgt1 of 720 reached

Pnb - heading towards 1350..

Tata steel and Tcs also have started their joureny..

[shivanigautam30]

Dear Sir
What are the immediate upside target for HDIL.

Any key levels, on the charts, to watch out for?

What indicators should be used to identify buy or sell levels?

IS it RSI, MACD or any other good indicators?

Pls suggest Sir/fellow members?

Rgds

[as4manju]

Dear shivanigautam,

For HDIL 195 is the level to watch for as break above this lvel can take the stock to 200-206-217.. As of now real estate sector is doing bad so is this stock so would prefer stronger sectors to trade or invest.. on the down side close below 185 can pull the stock to 177-168 levels..

Well i dont use any indicator to genrate buy or sell signals cause indicators can stay over bought and over sold for a long period of time.. indicators should be used only as a support for ur conclusions.. there is no holy grail or a perfect set up i guess individually u need develop ur own set up to see wat works for you.. some one once said to me that "the secret of sucess is to keep it simple".. use the basics of TA for sure u ll not be disappointed.. if you run through all my previous posts and the charts i ve used only the trendlines to spot the changes it works for me but question is will it work when u analyse? the answer is back test it..

I am not a expert in the matter of indicators and many might not agree for what i said above its just "i just dont use or ve not used indicators it never meant it does not work at all".


Readers can contribute to the thoughts.

Regards
Manju

[as4manju]

CNXIT inverse head and shoulder pattern tgt 7450 mentioned on 20 dec 2010 and was bullish since 15 dec 2010.. Today index trading at 7486 levels and infy mentioned the tgt of 3500 and we just rs 50 short of it and its a matter of time it comes on the screen...


Always look at the big picture cause patience pays..

[as4manju]

Suzlon mentioned close above 53 tgt 55-57 and tgt one 55 reached

Sterlite had mentioned high risk call above 180 tgt 190-197 and today tgt1 190 reached

Tata power ful power on above 1325 tgt 1350-1370 as mentioned close to 2nd tgt of 1370

HDFC going strong at 730 and next tgt is 740..

Pnb fizzled out after touching 1240 just 10 rs short of tgt


Jindal steel and power now powering ahead at 725

Hope every one enjoyed..

[priyabalan]

Dear Sir,

Your levels are great i made profit in Hdfc, but today i missed to enter Jindalsteel. Kindly guide me as to when can i enter this stock.


Thanks & regards
Priya

[as4manju]

Dear Priya,

Look at declines to 710-705 to enter the stock looks good for investment also.. Wish you happy new year as well..

Regards

Manju

[as4manju]

Axis bank - The stock is all set to break the channel above 1340 can do 1370-1400...

LT - Mentioned in previous post the level to watch for is 1930 and to buy is 1980 now the stock is close to 1980 above which it can do 2010 -2050..

ICICI - also can be bought above 1050 levels..