iCharts Discussions

[girishhu1]

hellow manjuji,

find that acc has support at 980 also. kindly confirm
regards,
girish

[aromal]

[aromal]

[aromal]

[girishhu1]

[girishhu1]

hi manjuji,
axis bank ltp 1281, long term trendline support at 1256 below which it can tank by another rs 100
regards
girish

[girishhu1]

hi manjuji,
one more bajaj auto. already broken lt tl . pl correct me , regarding targets
regards
girish

[maooliservice]

Hi Manjuji
one small query.How do u draw trend line for support n resistance.In ACC u have drawn trend line from 7sep to 6dec ,why not from 26th july.similarly in Tata motors u have drawn trendline from 6th aug to 29th dec,why not from 25th may.What points u consider while drawing trendline will u pls explain.as all ur support n resistances r very accurate.
Regards
Mohan

[as4manju]

Hi Grish,

You have pointed out correctly last week for on of the qurey posted i had replyed the same thing that closing basis 1250 is very important for the stock and intraday basis 1230 level..

Regards
Manju

[as4manju]

Hi,

Regards ACC as its a H&S formation u need to draw a neckline thats the reason i have chosen september date than the july.. There is no hard and fast rule in drawing trendling as u have in analising other indicators like RSI and MACD where u see for over sold over boght regions or for the coss overs.. The only thing one needs to look for draing trendlines is it should cover multiple tops and bottoms.. In trendline analysis its more of how u see the chart formation thats happening.. this is avery basic kind of analysis u can go through any TA books u can find out more about it..

Regards
Manju

[as4manju]

Bhel - The stock is close to the lower end of the channel and can fall by 60-80 rs in quick time level to watch for is 2280

M&M - of the stongest of the Auto counter the level to watch for is 730 close below that can make the stock to have a significant pounding..

Ongc - The stock has a major support at 1200 levels and close below 1190 stock can be in a free fall mode and more over news based counter..

Rel infra - Stock had a good break out at 814 levels and did the tgt of 880 and now the stock is at the lower end of the channel close below 820 can take the stock to perious lows.. the only encouraging this in the stock has been that it has made a higher top higher bottom formation..

[nagendra_gb]

Hi Manju,

I was going through Tata motors chart and i clearly see abearish wolf wave.. can u please confirm it.

thanks,
Nagendra

[girishhu1]

hi manjuji,
pl see the chart of sbi flag formation kindly confirm the targets intraday stoploss levels and support levels
regards,
girish

[as4manju]

Hi Nagendra,

Well i m not too good in wave counts not too much familar with the concept i only know the basics of elliot..

Regards
Manju

[as4manju]

Hi,

I dont follow intrady charts i only use EOD patterns.. The stock is at a very critical levels on EOD charts and is taking support at long term trend line..


Regards
Manju