November 28, 2014

Buy signals

  • These charts and signals are for educational purposes only.
  • Signals are based on kplswing indicator.
  • Entry SL: min SL 5% or low of breakout bar (long position).
  • Do not risk more than 1% of your capital on any trade.
  • Not recommended for futures trading.
  • All charts are provided by icharts.in
ASIAN PAINTS - Stoploss 650

ASIAN PAINTS chart

Weekend update

Markets give a fantastic weekly close ... trend remains up and will reverse on close below 8300.

Note that markets have fully retraced the the fall of 25th NOV. I said in a previous post that "inability to ... close above 8535 can lead to start of a bigger correction. First confirmation will be break of 8400 spot". So markets have closed above 8535 and confirms trend is still up.

Option writing (DEC) points to mixed clues. Support at 8500 and resistance at 8600-8700 levels... Difficult to arrive at a clear understanding where option writers see support and resistance this series.

November 27, 2014

Buy signals

  • These charts and signals are for educational purposes only.
  • Signals are based on kplswing indicator.
  • Entry SL: min SL 5% or low of breakout bar (long position).
  • Do not risk more than 1% of your capital on any trade.
  • Not recommended for futures trading.
  • All charts are provided by icharts.in

Market outlook - limited upside in DEC?

Trend is up and will reverse on close below 8300.

Note that markets have closed in the positive for 2 consecutive days but have not retraced the fall of 25th NOV. Inability to do or close above 8535 can lead to start of a bigger correction. First confirmation will be break of 8400 spot.

Option writing (DEC) points to resistance at 8500 levels... there is no clear indication of where put writing support is available. All this might mean limited upsides with possibility of a good correction.


November 26, 2014

ASIAN PAINT technicals

Stock is trading near monthly and yearly/ lifetime highs...

Still bullish. SL 650-620.


Buy signals

  • These charts and signals are for educational purposes only.
  • Signals are based on kplswing indicator.
  • Entry SL: min SL 5% or low of breakout bar (long position).
  • Do not risk more than 1% of your capital on any trade.
  • Not recommended for futures trading.
  • All charts are provided by icharts.in

Market outlook

Trend is up and will reverse on close below 8300.

Today there was no further selling and low formed in yesterday's 20-30 min provided good support.

Crossover above day's high was bullish and advance decline was positive throughout the day.

Option writing points to resistance at 8500 (DEC series).

November 25, 2014

DABUR new lifetime high

Stock makes a new high and a breakout on weekly/ monthly charts.

SL 10% from your entry level or 220.


BHEL bullish holding 240

Despite overall weakness in the market, BHEL was holding well and closed 3% up. Stoploss 240.


Market outlook

Trend is up and will reverse on close below 8300.

Today was first day of decline.. within an uptrend a correction of 2-3 days is allowable.

Recall that past few days advance decline was not supporting rallies... so today's fall is nothing surprising.