Interesting setups week ending 24 February, 2017

Natco Pharma: Tweeted on 8th January, 2017

Natco Pharma: As on 24 February, 2017

Alkali Metals

Jamna Auto

Monsanto Weekly

Ceat Weekly

Interesting setups week ending 17 February, 2017

Petronet LNG

HBL Power

Merck

PDPL

Reliance Capital: Would you carry yourself up

Techno-Funda in Sync

I am a firm believer of two things.

• Data never lies, difference comes in the perception of the reader.
• News comes later (include news readers ;P)

Charts are nothing more than plotting of human emotions on board aka data and we have a story for ourselves to read, understand and make something out of it.

The guy in question: Reliance Capital

In the weekly chart below, here are the few key points

1. 200 EMA (Dynamic LOC)

2. You would notice, from November, 2010 (marked 1) till May, 2010 (marked 2) prices stayed below 200 EMA

3.  Period between Sept, 2014 and March, 2015 area (marked 3) where, both bulls and bears were in tussle and that happened to be at 200 EMA

4.  In Jan, 2016 (marked 4), happened a breakout, however a failed one, again at 200 EMA

5.  Finally, bulls took charge and stock gave a breakout in July, 2016. There was a triangle breakout, not marked on chart.

6.  Weekly candle of 12^th Aug, 2016, made a retest of 200 EMA and the up move started.

7.  January, 2017, stock again made a move above 200 EMA and made a nice base for itself in following weeks.

8.  Stock started its upward journey and do notice the gradual increase in volumes (marked in blue oval)

9.  RSI has again entered its bullish zone of above 60

Finally comes the news

Now that, 200 EMA is behind us and retested, stock has positioned itself in a channel and looks great to capitalize on the base it has made for itself at 200 EMA. Can't help to keep the trader in myself happy, would consider Rs.485 OR channel breakdown as my SL.

I was seduced...and how!!

Let the trade seduce you

Its February….right.

Month of Valentine, flowers, chocolates, expressing love a little more and yes….seduction.

Let me give you a walk-through, on how a lovely trade seduced me recently.

The girl in question: #HEROMOTOCO

Setup

• Date: 24^th Jan, 2017
• Time: 14:15 hrs
• Time frame: 15 min chart
• Tell-tale sign: Inv Head n Shoulder
• Flowers: 10 min EMA and 50 min EMA
• Chocolates: RSI

At 14:22 hrs, I zeroed in at 3120

Here, it all started, we had a great time overnight ;)

Next day on 25th January, 2017. 

We looked into each other's eye, kissed, said bye till we meet again.

In the end, before someone asks:

"Did you miss dating her sister #BAJAAUTO?"

Nope, absolutely not. I can't be double timing...right??

Have a great Valentine. Cheers!!

Tata Investment Corporation Ltd

Small milate jao, Large banate jao kind of setup ;)

Before moving on to charts, let me give a peek into the thought process. Read the catch-line once again, gives a clue, isn't it.

Life always moves from small towards big, baby steps become giant leaps....setup on charts are no exception.

Trades from a candle of 1 minute time frame (TF), graduates to 5/15/60/day/week/month, surely comes targets and stop losses in between.

Here I am presenting 3 charts of different TF

Daily Chart

Weekly Chart

Monthly Chart

In stock markets, there is NO guarantee of anything, its a game of probables and opportunities. 

Hey! LIFE too doesn't offer any guarantee. 

Cheers!!!