P&F charts - Update

Date: 17th November 2015


Grasim did 3555. Mind Tree is trading around 1450, stop can be trailed to 1490. Stop loss triggered for TVS Motor as it closed above 290.

- Prashant Shah, CMT, CFTe

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F - Resistances in downtrend

Date: 8th November 2015

Grasim ( LTP 3689.05)

Price is trading near previous supply zone. Column reversal will provide trading opportunity. 3550 possible. 

Mindtree (LTP 1498.45)

Negative divergence. And follow through to High pole make the picture negative. Short with stop placed at 1540 for target around 1380. 

TVS Motor (LTP 283.30)

Supports at Anchor point worked. Will the resistance work? Opportunity to short with stop around 290 on closing basis. 268 likely. 

- Prashant Shah, CMT, CFTe

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts - Update

Date: 6th November 2015



Bajaj auto achieved 2420. Dr Reddy witnessed sharp fall after column reversal and saw 3615. 

- Prashant Shah, CMT, CFTe

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts: Bajaj auto & Dr Reddy

Date: 1st November 2015

Bajaj auto (LTP: 2550.45)

Price has witnessed column reversal from previous supply zones. Expect it to come to anchor point of current move at least which is place around 2420. Stop is to be placed at 2590.

Dr Reddy (LTP: 4279.90)

Price at supply zone but need confirmation of column reversal. Upside not crossing 4355 is an opportunity for bears. Expect it around 3900 soon if failed to cross that level. 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts - update

Date: 25th August 2015

To mark things in diary, Relinfra traded below 300 and saw 281. Rcom went below 50 rather marked low at 45.50 as of now. Yes bank achieved lower count of 625 and marked low at 595. Stoploss for Jain irrigation long triggered. Bank Nifty future witnessed strong trend and saw 16650 after that tight consolidation.

 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts - Relinfra, Rcom

Date: 18th August 2015

Relinfra: 352.60

Relinfra is possible to trade below 300. Stoploss to be placed at 368.

Rcom: 60.25

Rcom may trade below 50. Stoploss to be placed at 63.

 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F chart - Yes bank

Date: 20th August 2015

LTP: 720.05

Yes bank has broken lower levels after long price consolidation and much attempted upside breakout. 625 looks possible. Stoploss to be placed at 760 on closing basis.

=

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F - Bank Nifty - Trend occurred

Bank Nifty Fut - Trend occurred!!
Date: 20th August 2015


LTP: 18330

Bands opened mouth and trend occurred as expected. P&F  bearish patterns are darling and will remain till the picture turns otherwise.

 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

Point & Figure - Bank Nifty squeeze

Bank Nifty Fut - Band squeeze!!
Date: 18th August 2015

LTP: 18760

Bank Nifty Future 1 min chart is witnessing flat and very narrow bands squeeze. I expect breakout and strong trend in coming days. P&F basic Patterns will guide and to be followed.

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

Point & Figure - stocks analysis

Date: 10th August 2015

Persistent achieved 717 today. Hind Petro saw 990. HDIL achieved 78. Rpower marked low at 40.30 to achieve 10% cut.

 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F chart - Persistent

Date: 30th July 2015

Last closing price: 655.30

Bullish broadening formation followed by Double Top buy signal. Up side counts of 717 and 781 are active. Stop loss of 632 should be followed on closing basis.

 

- Prashant Shah, CMT, CFTe

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

Point & Figure - Stock analysis

Date: 28th July 2015

Hind Petro bullish count is achieved. Zeel went till 409. HDIL short achieved 78. Rpower has seen 5% cut so far.

 

 

- Prashant Shah, CMT, CFTe

 

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

Zeel & Hind Petro - Smooth trends

Date: 22nd July 2015

 

Figure 1: Zeel (387.20)

Such a clean uptrend. Bullish 100% above moving average is rare pattern followed by another buy. Possibility of achieving 412 in short term.

Figure 2 & 3: Hind Petro (872.15)

Another smooth uptrend. Looks like 925 shouldn't be a problem. Consolidating candles are time bars of this chart.  Low of the same can be used as a stoploss.

Fig 1: Zeel 0.25% x 3 cl Point & Figure chart

Figure 2: Hind Petro 0.25% x 3 cl Point & Figure chart

Figure 3: Hind Petro daily candlestick chart

 

- Prashant Shah, CMT, CFTe

 

 Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts - HDIL & Rpower

Date: 22nd July 2015

 

Ultra cem went till 3369 & achieved the count.

 

Figure 1: HDIL (86.95)

Double bottom followed by bearish 100% price action. 78 and lower is possible if close doesn't occur above 89.

Figure 2: Rpower (44.15)

Bull trap breaching bullish trendline. 10%+ cut is possible unless price close above 45.25.

Figure 1: HDIL 0.25% x 3 cl Point & Figure chart

Figure 2: Rpoweer0.25% x 3 cl Point & Figure chart

 

 

- Prashant Shah, CMT, CFTe

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.

P&F charts - Ultracem & Century text

Date: 17th July 2015

Tata chem went till 495 and Castrol India till 490 yesterday itself.

 

Figure 1: Ultracemco (3175.05)

Series of double tops. Buy with stop loss placed below 3140.  Counts of 3300+ are active.

Figure 2: Century textile (725.15)

Double top buy followed buy Low Pole. Buy with stop placed below 714. Upper counts of 775+ are active.

Fig 1: Ultracemco 0.25% x 3 cl Point & Figure chart

 

Fig 2: Cent textile 0.25% x 3 cl Point & Figure chart

 

- Prashant Shah, CMT, CFTe

 

 

Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.