Friday, February 15, 2013

Weekly Review - 16.02.2013

Dear All,

As Gave Last Week :---

>Click the chart to see on full screen <

Wrote last week that 5890 was a good support and it was 38.6% retrace for the current fall, but broken and hence should change for the alternative bearish view also.

Happened and Yet to :-

>Click the chart to see on full screen <

Since last week i was expecting some more rally left, but current fall suggest that 6111.8 shall be the top, and a possible down trend started. So i have categorized the current fall as sub wave (a) as it fell down as 1-5.

The long legged doji suggest a possible trend reversal for the current fall i expect nifty to move up from here for sub wave b.

Let see in detain in hourly chart as given below

>> Nifty Hourly <<

>Click the chart to see on full screen <

Hourly chart - with Andrew Pitchfork suggest a Possible bounce upto 6013 or 6056 next week in the form of a,b,c for sub wave B. Also witnessed a positive divergence on MACD give strength for my view. Lets See...
>>> DLF <<<

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DLF clearly broken down after making a top at 279, also broken out of falling wedge followed by a green doji like candle suggest a possible bounce back. I see every rise is a shorting oppertunity unless there is a meaning full pull back possible.

Performance in DLF as follows :-

(2/15/2013 1:28:56 PM): ****N4A-STOCK-ALERT**** RISKY TRADERS BUY DLF 246. SL BELOW 242.50. TARGET 252 AND 255 (all spot lvl)

(2/15/2013 2:26:39 PM): ****N4A-STOCK-UPDATE**** DLF BUY TRIGGERED. NOW ABOVE 246

2/15/2013 2:46:40 PM): ****N4A-STOCK-UPDATE**** DLF FIRST TARGET DONE 252. BUY GIVEN AT 246. PROFIT 1000 X 6 = RS.6000


Have given on my face book id - the below image. so many queries of why Suzlon ????

So here is the chart ...

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It seems like Suzlon is making a base for a Technical bounce from here. If 19.80 can hold in coming days, then i hope it can zoom for a new high. Apart from this i dont have any fundamental reason to buy this stock. Many times I witnessed that Chart comes first and news comes later, so i suppose a case for suzlon also. Let's See.

>Click the chart to see on full screen <

Bhart Forge broken out of Falling Wedge, Expecting a good upmove.


>Click the image to see on full screen<