LUPIN ROCKS...!!!

WE POST DAILY ONE CHART ON OUR FACEBOOK PAGE AND TRY TO GIVE SOME TECHNICAL STUDY LOGIC BEHIND.

NOW WE ARE TRYING TO DO IT VIA THIS BLOG POST.

FEW DAYS BACK WE HAD POSTED CEAT LIMITED CHART ON OUR FACEBOOK PAGE. QUICK LINK TO THAT CHART IS AS UNDER:-

https://goo.gl/pF2ar8

IN THAT POST WE TRIED TO EXPLAIN IMPORTANCE OF BOLLINGER BAND AND CLOSE OF CANDLE OUTSIDE IT. NOW LET TRY TO RESTUDY SAME CHART WITH UPDATE MOVES TILL DATE. 

NOW WE CAN SEE THAT AFTER CANDLE CLOSED OUTSIDE BOLLINGER BAND ON DAILY TIMEFRAME THEN EITHER SOME MINOR DOWNSIDE MOVE CAME OR SOME CONSOLIDATION CAME IN THAT PRICE ZONE SO THAT TO MAKE BOLLINGER BAND EXPAND. 

NOW LETS TRY TO STUDY SAME THING WITH MORE TECHNICAL TOOLS FOR LUPIN. FOR THAT WE WOULD LIKE TO REQUEST YOU TO READ OUR LAST POST ON LUPIN. QUICK LINK TO THAT POST IS AS UNDER:-

https://goo.gl/dRDsJf

NOW IF YOU HAVE READ THAT POST THEN IN THAT POST WE HAD CLEARLY SAID THAT WE DO NOT SEE BREAKOUT ON UPSIDE FOR THE STOCK BUT IF STOCK CLOSES ABOVE 1925 THEN IT MAY GIVE GOOD UPSIDE MOVE AND THAT WAS DONE IN SINGLE SESSION. ..!!! WHOOPING 78 Rs MOVE IN SINGLE SESSION....!!! (CLOSE WAS 1922 WE FEEL FOR 4 DIGIT STOCK PRICE DIFFERENCE OF 3 Rs DOES NOT MAKE BIG DIFFERENCE)

BUT AFTER LAST CLOSE IN LUPIN (SURGE OVER 3.50% IN SINGLE SESSION) AGAIN CANDLE HAS CLOSED OUTSIDE BOLLINGER BAND. LETS TRY TO SEE VIA SIMPLE CHART.

AGAIN STOCK AS GIVEN WEDGE BREAKOUT ON UPSIDE. BUT AT PRESENT STAGE WE DO NOT PREFER INVESTMENT BASED TRADE IN THIS STOCK. 

FINAL CONCLUSION

NOW LOOKING AT LAST CLOSE IN THIS STOCK WE FEEL SOME CONSOLIDATION OR DOWNSIDE TILL 1900 MAY COME IN THIS STOCK. THIS IS DUE TO CLOSE OUTSIDE BOLLINGER BAND.

STANDARD DISLCOSURE:-

PLEASE NOTE THESE MOVES ARE AS PER CHARTS AND IT MAY REVERSE ANYTIME. THIS POST IS FOR EDUCATION PURPOSE ONLY AND NOT TO BE CONSIDERED AS BUYING OR SELLING RECOMMENDATION. WE ARE NOT SEBI REGISTERED RESEARCH ANALYST. WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS FOR ANY TRADES EXECUTED ON BASIS OF THIS POST.

NIFTY ROAD AHEAD...!!!

AFTER VERY LONG TIME WE ARE UPDATING BLOG.

ANYWAY IF WE TALK ABOUT EXPECTED ROAD FOR NIFTY THEN LETS TRY TO UNDERSTAND SAME VIA DIFFERENT CHARTS.

BELOW IS WEEKLY CHART RIGHT FROM WHERE RALLY CHART FROM SEPTEMBER 2013.

IN ABOVE CHART WE CAN SEE THAT SUPPORT TAKEN AT FIBONACCI GOLDEN RATIO (CHECK LAST GREY SHADED OVAL) NEAR TO 7590 LEVELS. BUT IF WE SEE CONSOLIDATION ALSO TOOK PLACE IN RALLY NEAR TO 6646 (1st OVAL) AND 7590 (2nd OVAL) SO WE CAN SAY THAT IMMEDIATE BASIS 7590 ACTED GOOD SUPPORT ON WEEKLY BASIS (WITH LEVERAGE OF 50 POINTS AS WE HAVE CONSIDERED RALLY OF 4000 POINTS)

NOW IF WE CONSIDER MONTHLY TREND THEN WE ARE INDEED IN DOWNWARD TREND. TREND ON MONTHLY CHART IS AS BELOW. 

IN SIMPLE WORDS IF WE SAY THEN WE ARE IN DOWNTREND AS NIFTY HAS FALLEN ABOUT 1600 POINTS FROM TOP. 

NOW LETS TRY TO CHECK SAME THING VIA FEW FIBONACCI RETRACEMENT ON DAILY CHARTS. 

FROM 9119 TO 7940 NIFTY MOVED IN ALMOST DOWNWARD SLOPE. 

NOW IF WE TAKE RESISTANCE MOVE FROM 9119 TO 7940 THEN AGAIN IT TOOK FIBONACCI GOLDEN RATIO NEAR TO 8668 LEVELS. (MARKED IN GREY OVAL IN ABOVE CHART)

NOW AGAIN IF WE CONSIDER HIGH OF 8668 & LOW OF 7540 AND TRY TO FIND RESISTANCE ON UPSIDE THEN 8229 IS NEXT RESISTANCE (AGAIN FIBONACCI GOLDEN RATIO ~ MARKED IN RED OVAL) IF THAT IS THE CASE THEN WE ALSO NEED TO CONSIDER ABOUT GAP MADE (MARKED WITH BLUE OVAL) BETWEEN 8225 & 8060 WOULD BE FILLED. (IN ABOVE CHART)

FINAL CONCLUSION

NOW IF WE CONSIDER PE RATIO FOR NIFTY THEN AFTER FRIDAY'S CLOSE IT IS AT 22.12 WHICH WE AGAIN FEEL MAKES INVESTMENT BIT EXPENSIVE & FRIDAY'S CANDLE (SHOOTING STAR) IS AGAIN GIVING SOME CAUTION FOR BULLS. IN EXTREME CASE WE CAN SEE RALLY TILL 8300. 

STANDARD DISLCOSURE:-

PLEASE NOTE THESE MOVES ARE AS PER CHARTS AND IT MAY REVERSE ANYTIME. THIS POST IS FOR EDUCATION PURPOSE ONLY AND NOT TO BE CONSIDERED AS BUYING OR SELLING RECOMMENDATION. WE ARE NOT SEBI REGISTERED RESEARCH ANALYST. WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS FOR ANY TRADES EXECUTED ON BASIS OF THIS POST.