Wednesday, July 30, 2014

Chart Analysis for 30 July - Nifty, Voltas and Tata Steel

Nifty:
In 15 mins chart, below patterns are either triggered or formed. Lets take a look at them one by one:
Bear Flag (Green parallel lines): Nifty has triggered bear flag in 15 mins chart below 7748 with T1 7720 and T2 7655 keeping SL at 7762 post trigger. Till now T1 is almost achieved. In the last hours of market, SL was still saved from the spike.
HNS (Blue Dashed Line): Nifty has triggered HNS in 15 mins chart below 7748 with T1 7696 and T2 7655 keeping SL at 7774 post trigger.
+WW (Dark Brown Lines): +WW pattern has formed but will trigger with 2 15 mins close above 7747,
with 1-4 target line may be at 7830+. SL will be close below 7747 in 15 mins post trigger


Voltas: :
Break down below 187.80, T1 184.10 and T2 178.15, keeping SL at 189.64
Break out above 189.90, T1 193.60 and T2 199.55, Keeping SL at 188.05


Tata Steel:
+WW Pattern: +WW pattern has formed but will trigger with 2 15 mins close above 551.20, with 1-4 target line may be at 572+. Min tgt may be 559.30. SL will be close below 551.20 (1-3-5 line) in 15 mins post trigger
Falling Wedge: TS is forming falling wedge in 15 mins chart. If resisted at 549-550, then we may see prices taking support near 535-540.




Monday, July 28, 2014

Chart Analysis for 28 July - SBIN, IDFC, NIfty and GoldM

SBIN:
SBIN has formed +WW pattern and will trigger with the 2-60 Mins close above 2500 for the 1-4 target line at 2575+.
Min tgt will be 2542.
SL will be 60 mins close below 2500.


IDFC
IDFC has formed and triggered -WW pattern on day chart below 158.30 for the 1-4 target line at below 120.
Min tgt will be 146.20.
SL will be a day close above 158.30 (1-3-5 line).


Nifty:
Nifty is forming bear flag in 5/15/30 mins chart. This pattern will trigger below 7748 with T1 7720 and T2 7655 keeping SL at 7762 post trigger.(ignore tgts given in chart)
This pattern will get invalid above 7806-10


Nifty
Nifty has formed and triggered -WW pattern in 5 mins chart below 7792 for the 1-4 tgt line around 7750-40.SL will be 5 min close above 7792.

If Nifty goes below 7746-40 and takes U-turn, then +WW pattern may trigger (aprx above 7746), targetting 1-4 line aprox at 7810+. This is valid if nifyt do not go above recent high i.e 7800+ else tgts adn pattern may change


GoldM
GoldM has formed +WW pattern in daily chart and triggered above 27270 for the 1-4 target line at 33000+. SL will be a day close below 27270.



Wednesday, July 9, 2014

Chart Analysis for 9 July - RCOM and TISCO

RCOM - +WW Pattern Formed and pending for trigger
Break out above 140.80, T1 146.60 and T2 156.15, keeping SL at 137.85


TS - 1 Hr => Triangle Breakdown
Break down below 533.25, T1 488.80 and T2 416.85, keeping SL at 555.50

EW: as per EW:
A 580 512
B 512 550
C 550 xxxx, if A=C, then XXXX might end at 482


Monday, July 7, 2014

Chart Analysis for 7 Jul 14 - IDFC and RCOM

IDFC:
Break out above 134.40, T1 140.40 and T2 150.20, keeping SL at 133.15 (ignore SL mentioned in chart and use this one)


RCOM:
Break out above 141.10, T1 147 and T2 156.50, keeping SL at 138.15