dear san wonderful work i hav become a fan of not only ur TA but also of ur explaination and remarks on ur charts with clear cut price indications makes it too easy not only to understand but teaches us also in ur latest nifty charts it tells us that if nifty doesnt break 5080 tomorrow it might get into a bull zone but below 5080 it might try to attempt to touch at least 5000, tell me that 5080 level is on trading basis or closing basis second query u said andhra bank technical formation suggests a target of 200 and u also thankfully 129 as stop loss , kindly mention , is this stop loss on trading basis or closing basis also how much time according to u , it might take to attain the target price dear san same with ABB is it a buy @ 658 and how much time wud it take to attain that price and regarding ultra tech cement is it a safer buy now or wud u suggest any stop loss secondly is ACC a safer candidate to short or only an "avoid" to long as of now
( asking this question about ACC b coz, all of cement stocks hav started declining since last 7-8 days, be it a india cements, ultratech, ambuja, grasim, ACC, so if ACC is a short, ultra tech cant be a long, either whole sector can be a good bet for long, or an avoid to long, kindly pay an attention to this point and answer )
sorry to bother i know its a huge ask but please co operate and keep doing ur good work thanks SAN
I am replying to your query's hope this will help you.
5080 level should be watched on a closing basis.
Andhra bank 129 stop loss on closing basis. 200 should be achieved in 6 weeks.
About ACC if it holds the weekly trend line on closing basis We can buy it keeping the trend line as stop loss. if it breaks the trend line it can find support around 720 region. And if the trend line is broken it can form the right shoulder of the head and shoulders that is forming in the weekly chart. So buy it if holds the trend line. ignore it if it breaks the trend and keep a watch on it wether it forms the right shoulder than it can give a sell.
About ABB its going down fast we have to see the price action at the mentioned levels. at 658 it can move side ways for some time or it can give sharp short covering because of the pace at which this is falling. We have to wait and watch for the price to react before we act.
dear san
ReplyDeletewonderful work
i hav become a fan of not only ur TA but also of ur explaination and remarks on ur charts with clear cut price indications makes it too easy not only to understand but teaches us also
in ur latest nifty charts
it tells us
that if nifty doesnt break 5080 tomorrow it might get into a bull zone
but below 5080 it might try to attempt to touch at least 5000, tell me that 5080 level is on trading basis or closing basis
second query
u said
andhra bank
technical formation suggests a target of 200
and u also thankfully 129 as stop loss , kindly mention , is this stop loss on trading basis or closing basis
also how much time according to u , it might take to attain the target price
dear san
same with ABB
is it a buy @ 658
and how much time wud it take to attain that price
and regarding ultra tech cement
is it a safer buy now or wud u suggest any stop loss
secondly
is ACC a safer candidate to short
or
only an "avoid" to long as of now
( asking this question about ACC b coz, all of cement stocks hav started declining since last 7-8 days, be it a india cements, ultratech, ambuja, grasim, ACC, so if ACC is a short, ultra tech cant be a long, either whole sector can be a good bet for long, or an avoid to long, kindly pay an attention to this point and answer )
sorry to bother
i know its a huge ask
but please co operate
and keep doing ur good work
thanks SAN
First of all thanks for appreciating the work. lot's of query's so give me some time to answer. sure this will help my knowledge as well
ReplyDeletethank you
@rochak
ReplyDeleteI am replying to your query's hope this will help you.
5080 level should be watched on a closing basis.
Andhra bank 129 stop loss on closing basis. 200 should be achieved in 6 weeks.
About ACC if it holds the weekly trend line on closing basis We can buy it keeping the trend line as stop loss. if it breaks the trend line it can find support around 720 region. And if the trend line is broken it can form the right shoulder of the head and shoulders that is forming in the weekly chart. So buy it if holds the trend line. ignore it if it breaks the trend and keep a watch on it wether it forms the right shoulder than it can give a sell.
About ABB its going down fast we have to see the price action at the mentioned levels. at 658 it can move side ways for some time or it can give sharp short covering because of the pace at which this is falling. We have to wait and watch for the price to react before we act.
thank you