JPASSOCIAT & JSWSTEEL

 JPASSOCIAT & JSWSTEEL

JSWSTEEL: EOD

 JPASSOCIAT

Daily

 Weekly:

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

Restarting Blog Posts: Nifty Weekly & Daily Chart

 Hi Friends,

Thanks for the support and well there was loads of work and i was bit lazy to update charts, and could not trade as well..

Leaving apart that, i am restarting the posts.

I am now posting below the weekly chart of Nifty and EOD chart of Nifty (both charts are for 1month continuous futures_courtesy icharts.in).

The following table would summarize the entire price action of nifty from the bottom.

Following is the Weekly chart of nifty, and it is pretty clear from the chart that trendline 1 and resistance line 1 are major hindarances for upmove. Nifty (and all world markets) have run more, well blame it in GS for that, but thats some thing else.

Coming to Nifty weekly chart, the important levels to watch for are placed and a possible wedgish formation is there. Plus, the weekly red candle has broken rising trendline from 4667.

Following is weekly chart:

 Following is table of major points to watch out for based on EMAs, SMAs and BB ranges.

Now, the highlight post: Nifty Major Ending Daigonal.

The weekly charts suggests a major downside possible. On weekly charts, based on EW, is see a pattern likely resembling Ending Daigonal (ED) on verge of completion. Yes, ED wave e can overshoot the trendline, so, i would not be surprise for a high of 5500 on NF (80% retracement). But, having said that, major downsides are open for now.


For now not writing anything for trading, as i am still working on post for stocks.

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding.
We are all students

Stock Picks: IDEA, DIVISLAB, EDUCOMP

Idea give breakout today. Last three days price action is a Morning Star followed by a Bullish Flag Breakout. The stock's target price works out to 67 - 70. With Stop loss of 58.50(monthly Pivot Point).

DivisLab: Long Term Pick:
Based on Long term Weekly trend, the stock can run up and make new highs.

Weekly Chart:

Intraday Chart: 30 min breakout:
The stock has been consolidating in the price from 680 to 640, even making an Inverted Head & Shoulders on 30  min charts with Neckline at 680. The current price of stock is 693 with breakout zone 680. Also, based on EOD chart, the chart has given a break to 5 Day Swing with Stop Loss now becoming 660 for long trade, while based on 10 days EOD chart the swing stop loss is 656.20.

Educomp:
Falling Wedge, Triangle Breakout on 4 jan  2010, with volumes. The stock is currently at 778.35. The target works out to 850, with low stoploss of 700, where the stock turns to Head and Shoulder structure, where below 700, can reac to Rs. 500, if turns to a successful Head and Shoulder.

1) As of now Stock has broken 10 day swing on 4th Dec with today been an Inside Day.

2) Inside day: on stock with range breakout zone been: 797.7 on upside and 765 on the downside

 
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding.
We are all students