Grasim looks good

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Dear Investor,

Grasim is taking support on 150 day line. Lot of buyers buying the stock. Look at the long green volume lines. Keep an eye on it. Technically this is a good chart pattern and also good entry point.

Zee Entertainment leaving the base. The stock is above 150 day line, it is also above 21 day line. Consistently closing above the base. I belive it will reverse on next dip and thats when you could enter it. Very good buying support.

I will be travelling next few weeks so will not be able to post blogs frequently. As soon as I have some time, I will keep you updated.

Thanks
Anil
Got a Question? mailto:indiastocktrend@gmail.com


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Market is FLAT

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Dear Investor,

I looked at 300 stocks to check the trend of stocks in NIFTY. I was surprised to observe that every stock is trading in a flat range. It the range is very well defined. This pattern is exactly what is called as base. When stocks will start moving out of this range, we will find new trend. It could be uptrend or downtrend. Usually it is a uptrend after such a long base.

NIFTY is in a block of 4500 to 5000.

SAIL in perfect FLAT trend. Buy the low and sell the high.

RELIANCE - Very clearly defined vibration block. Buy the low around 1800 and sell out around 2150.

Reliance Infrastructure in the range of 1080 to 1250.

HERO Honda vibrate in 1500 to 1700 range

AXIS bank in 830 to 990 range

In India stock market the move happens very fast at the beginning of trend. Once that uptrend phase is over, they keep the stock vibrating in a particular range for months together. In this period you will be thrown out of the market by taking periodic dips within the base. It will test our patience for months together and one fine day all these stocks will leave there base and move higher or lower. Certainly there is no catalyst to move either up or down so we are just vibrating in a range.

Since MARKET is FLAT, identify the block of your stock and buy when it touches to bottom of the block. You can easily identify the trading block by looking at the simple chart drawn from links at the end of the email.

THE BASE BUILDING IS IN PROGRESS SINCE JULY. NOTHING MUCH HAS HAPPENED SINCE JULY RUN UP. NEXT MOVE IS NOT CLEAR AND HENCE WE ARE TRADING IN A BLOCK.

THIS MARKET IS FLAT.

Thanks
Anil
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Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.

Mahindra Ugine - Breaking out of base

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Dear Investor,

Check Our Current Recommendations

We just got the BUY signal similar to the one we got in July 2009.



Check the blue channel line that is in uptrend. We are moving down and back to the center blue line. The rate of growth is very slow. Total range of movement is around 1000 points. Markets is moving away from center line and returns back to the center line. Overall trend is UP but the rate of growth is FLAT.

Mahindra Ugine - Very nice base built over a period of 6 to 7 month. This stock just breaking out of its base making it compelling buy. Stock is above 150 day moving average line which is great. If overall market does hold then this one is likely to lead forward. Buy when some weakness is displayed by the market to have best possible entry. Just don't buy right away. Give some time, watch it and then move forward.

Overall Dollar strength eroded in last few days so markets are again marching ahead..somehow they are lacking the conviction to keep moving higher. The market is basically trading FLAT near its mean line.

Thanks
Anil
Got a Question? mailto:indiastocktrend@gmail.com


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LIVE NIFTY CHART (Spot the buy point) LIVE NIFTY CHART (Short Term)

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Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.

Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.

When to start counting 150 day line?

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Dear Investor,

Mike asked me a question yesterday
"I take a stock today and want to know its staring point for 150 days movement. From which point or month do I start?"

Please check following chart of MARUTI one of the early leaders in this rally. That starting point to really find the 150 day beginning is around FEB 2009. The problem is we will not be able to find the starting point just like that.

MARUTI

The best way it to start by drawing 2 year chart. 2 Year history from today. You will clearly find a break point from which the stock starts to move higher. If the stocks price is below 150 day line then its in bear market.

When to short a stock?

Look at the ICICI BANK chart. Its break point was in May 2009 to go long in the stock.

Lets see if it would be appropriate to short it today. The stock is above 150 day line so its in long term uptrend. Will it come down in next few days. who know. it might. But Is that a true short point. I guess not because it could bounce back hard. Then when was the true time to short this stock.

Look for Feb 2008 time frame. This is the time when ICICI back closed below its 150 day line. It started true fall from there and did not stop until Mar 2009.

The stock rallied many times withing this time frame but never cross the short point of 1100. Check the following chart with ICICI bank with 50 day line

Look the rally up to 50 day line and going down, it rallies back down and goes down again. This whip-saw action kills lot of traders.

Check DLF chart and send me your answer about when was the correct time to short this. And if you could tell me what to do today?

Thanks
Anil
Got a Question? mailto:indiastocktrend@gmail.com


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Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.

Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.

Orbit corporation chart

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Dear Investor,

Check Our Current Recommendations

Please study following chart of Orbit Corporation

This is classic pattern for a long term growth stock

Thanks
Anil
Got a Question? mailto:indiastocktrend@gmail.com


Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.

LIVE NIFTY CHART (Spot the buy point)

LIVE NIFTY CHART (Short Term)

Learn the life cycle of a stock

Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.

Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.

Vijaya Bank

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Dear Investor,

Check Our Current Recommendations

Please add following stocks to your watchlist

Buy Vijaya Bank Stop Loss 38 Book Profit 54
Buy Indian Bank Stop Loss 145 Book Profit 185

Thanks
Anil
Got a Question? mailto:indiastocktrend@gmail.com


Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.

LIVE NIFTY CHART (Spot the buy point)

LIVE NIFTY CHART (Short Term)

Learn the life cycle of a stock

Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.

Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.

How to check your investments health

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Dear Investor,

Check Our Current Recommendations

We learned about importance of 150 day moving average line in previous blog.

Let’s learn to draw the charts and understand health of your investment

1. Use following line to open chart of NIFTY

http://finance.yahoo.com/echarts?s=%5ENSEI#chart3:symbol=^nsei;range=2y;indicator=ema(150)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined


2. This link will open following screen for you



3. Start typing the name of the company you want to check the chart in above box.
4. Select the correct company code with .NS at the end of the code
5. Check the current phase of your stock

Can you identify the current phase of Suzlon for following chart?

Stock is below 150 red day line so it is in downtrend. Until it closed above 150 day red line it will remain in downtrend.

It will not shoot up higher from here just like that. It will have to build a base. Base means trading in a range for few weeks or months before moving higher.

Let me know if we should be buying reliance industries after looking at the following chart at indiastocktrend@gmail.com

http://finance.yahoo.com/echarts?s=RELIANCE.NS#chart3:symbol=reliance.ns;range=1y;indicator=ema(150)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined


Thanks
Anil
Got a Question? mailto:indiastocktrend@gmail.com


Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.

LIVE NIFTY CHART (Spot the buy point)

LIVE NIFTY CHART (Short Term)


Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.

Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.