Presentation is loading. Please wait.

Presentation is loading. Please wait.

Sensex Technical View –Short Term Bottom in Sight and Bounce on Cards. SENSEX BOTTOM ?? AS I informed you Same views as informed now PPS by Mr. Mirani.

Similar presentations


Presentation on theme: "Sensex Technical View –Short Term Bottom in Sight and Bounce on Cards. SENSEX BOTTOM ?? AS I informed you Same views as informed now PPS by Mr. Mirani."— Presentation transcript:

1 Sensex Technical View –Short Term Bottom in Sight and Bounce on Cards. SENSEX BOTTOM ?? AS I informed you Same views as informed now PPS by Mr. Mirani https://kaushikhariyani.wordpress.com/

2 Inverted Head and Shoulders support at 15600. https://kaushikhariyani.wordpress.com/

3 Sensex – Inverted Head and Shoulders Neckline at 15600 Inverted Head and Shoulders 15600 ( + - 200 points a medium term bottom ) https://kaushikhariyani.wordpress.com/

4 Technical Downside Targets almost close. https://kaushikhariyani.wordpress.com/

5 Sensex – An old chart of 17 August on the website suggesting a slide to 15500 possible https://kaushikhariyani.wordpress.com/

6 Sensex – An old chart of 17 August suggesting a slide to 15500 possible https://kaushikhariyani.wordpress.com/

7 Parallel Channel Support at 15500- 15800. https://kaushikhariyani.wordpress.com/

8 Parallel Channel Target/Support at 15500-15800 https://kaushikhariyani.wordpress.com/

9 Head and Shoulders Target Done https://kaushikhariyani.wordpress.com/

10 Shoulder Size Done- Expect some pullback now Shoulder Target done for a irregular Head and Shoulders Pattern https://kaushikhariyani.wordpress.com/

11 Head and Shoulders Target Done https://kaushikhariyani.wordpress.com/

12 Index new lows but RSI Higher – Good Positive Divergence Follow up Price action needed RSI Positive – Can it Do a quick pullback like last time https://kaushikhariyani.wordpress.com/

13 RSI – Now at October 2008 levels. https://kaushikhariyani.wordpress.com/

14

15 Strategy 1)Strong Supports placed at 15600 ( + - 200 )on various parameters 2)Investment buying or even Averaging can be initiated from current levels and one can scale up their positions on every dip. 3) Risk-Reward Ratio is now in favour of long positions and traders with good risk appetite may go long at current levels with a stoploss at 15400 closing basis. 4) Traders may watch a move above 16250 as a price action confirmation. 5) Also one should keep booking partial profit on rise to 16800-17300 or on stock specific bounces 6) Don’t buy stocks only because they are down 50-70% from peak but go for quality stocks. Strategy 1)Strong Supports placed at 15600 ( + - 200 )on various parameters 2)Investment buying or even Averaging can be initiated from current levels and one can scale up their positions on every dip. 3) Risk-Reward Ratio is now in favour of long positions and traders with good risk appetite may go long at current levels with a stoploss at 15400 closing basis. 4) Traders may watch a move above 16250 as a price action confirmation. 5) Also one should keep booking partial profit on rise to 16800-17300 or on stock specific bounces 6) Don’t buy stocks only because they are down 50-70% from peak but go for quality stocks.

16 1)Strong Supports placed at 15600 ( + - 200 )on various parameters 2)Investment buying or even Averaging can be initiated from current levels and one can scale up their positions on every dip. 3) Risk-Reward Ratio is now in favour of long positions and traders with good risk appetite may go long at current levels with a stoploss at 15400 closing basis. 4) Traders may watch a move above 16250 as a price action confirmation. 5) Also one should keep booking partial profit on rise to 16800-17300 or on stock specific bounces. 6) Don’t buy stocks only because they are down 50-70% from peak but go for quality stocks. STRATEGY https://kaushikhariyani.wordpress.com/

17 1)SBI is almost close to 61.8% retracement of the total rally from 2009 to 2011 looks set for a bounce to 2050/2200. 2)Hindustan Unilever around 300-305, Bajaj Auto at 1450-1500, HDFC Bank at 440/410, Tata Motors at 680/620, Mahindra & Mahindra at 650- 700 are best bets in the index. 3)Godrej Inds, GMDC, Tata Global Beverages, Aditya Birla Nuvo, Atul Limited, GSFC, Timken India, Wockhardt Limited, Navneet,Berger Paints, Asahi Songwon, Hinduja Ventures, Smartlink are midcap stocks in our radar for accumulation with short to medium term view at current levels and are well placed fundamentally. Investors can look to buy into the above stocks with a short term perspective also. 4)For Premium Charts and Calls you can email me at kaushik_hariyani@yahoo.com Analysis both Technical and fundamental + Global news kaushik_hariyani@yahoo.com 5)Above pps by mr. mirani which depicts same views as I have informed few days back click on the following link where I explained same on nifty https://kaushikhariyani.wordpress.com/2011/08/19/markets-bottom- finding-its-difficult-but-may-not-be-impossible-i-m-possible-reverse-head- and-shoulder/ https://kaushikhariyani.wordpress.com/2011/08/19/markets-bottom- finding-its-difficult-but-may-not-be-impossible-i-m-possible-reverse-head- and-shoulder/ STOCKS TO WATCHOUT FOR https://kaushikhariyani.wordpress.com/


Download ppt "Sensex Technical View –Short Term Bottom in Sight and Bounce on Cards. SENSEX BOTTOM ?? AS I informed you Same views as informed now PPS by Mr. Mirani."

Similar presentations


Ads by Google