Navin Fluorine

BUY Navin Fluorine target 350 stoploss:283

BUY sbt

the blog settings are totaly changed. i will find time for a good posting. very limited time using PC at home. the office  PC now a days doesnt work for many sites.there is restriction to many sites. all this reason i am unable to make any postings.

 buy navivflurine for a target 350 SL:283 TEST

Onmobile is trading above the last falling trend line with good volume. RSI shows positive divergence


Target Rs: 56 sl:32

Nifty is nearing to the END of a short term up trend and may target around 5454,

queer: nop it is R1 of monthly pivot,and of course it is x.786 0f the last big fall.

I don’t see that it can go beyond this level with current technical set up.

Nifty is trading in a raising wedge and currently at the resistance of the wedge.

Now RSI is in oversold position & watch for a divergence in RSI

sorry for being absent for long time,I was under preparation of being demobilized from Kuwait. Reliance is trading in a symmetrical triangle since june 09. On breaking the rsi support the stock can trade down to 850 level, not a good sign for market. The MA 200/50 pair is showing neg: cross over.

nifty_EW follow up It seems like c5 started and will end up soon but must be in a corrective pattern. We may see 5400 before expiry. Earlier 4952 (c of C4 = 1.618 of “a” of C4 comes 5342 – 240x1.618= 4952 ) & now both way crossing the channel is the negation points for this count. ie: it should not go, below 4984 and above the top trend line for completing c5.. say B. Let me recite some part of my lessons yah.. there is no absolute in EW but only alternates.. several radically different counts are possible from a same price action…

Nifty an EW perspective _my view I suppose that we are in C of larger B and C is forming up as an Ending Diagonal consisting all 3’s. We are at the end of C4 now, may target somewhere 4950. C5 as it says, ED will end below the converging top Trend line may end up some where near 5460,befor the great fall. Hence B was trading nearly 22 days C MUST COMPLETE BEFORE 27 MAY (219 trading days). Expiry could be near 5400 area. Take the all above as a learner’s perspective only. C2a was a sharp pattern. C3 doesn’t look like a corrective But it says we must expect deviation from the basic text book models.

Market is in a crucial juncture as we approched top with bullish bias. On crossing the resistane 5311 _5330 nifty can target 5370_5445. Where as on breaking the support 5170 can come down to wedge bottom 5050.

test _ for charts not uploading sensex _weekly chart

Monthly out Look On crossing the resistance 5256 nifty can reach 5455 and 5540 Support 5170 weekly outlook 5256 & 5287 Tomorrow 5170 & 5150 res:5211

Breakdown from the short term TL and the indicators are showing bearish signs. Next target could be around nifty4860 / sensex 16300. Trend line starts from the March low support nifty but it has seen broken in sensex.

Nifty may come down to 4650 _4500 level 14period RSI below 50% Stochastic turn negative MACD poised for negative across over ADX shows weakness near 16 with (- DI 34.93) negative directional index near 35 and moving up

more bearish

A retest of 50 DMA can be repeated, while more down side is expected as the indicators are leading bearish. 20 & 50 DMA shows convergence. Resistance at 4750. Targets 4650 _ 4616 & 4584. #NIFTY long term ( for coming weeks only) we may see #MARKET near 4100s, of course with a bounce somewhere in the middle. These charts are not to be considered as predictions but only for awareness.

Penetrating through the supports Find how it supported at 4968 toady. Next support around 4800. The RSI too broke support as expected (not shown here).

Price is hovering around the support line same as It was on last Friday.RSI support may break as there is a neg: divergence showing weakness. A break below 5040 nifty will fall below 20 dma & raising trend line starts from march which can take nifty to 4950_ 4750 and more.On holding 5040 nifty can reach to 5300

My Nostagic moments I use to sit on the culvert besides the way , and I was so happy to see an youngster drop by me and ask me …. my well wishes and, he share me his time a lot with me. I wonder looking at him some time when he descend from his bike , very rarely , other wise he use to sit on the bike by supporting his leg… I was a poor child in my teen , playing alone on the road in front of my small house. He was young & enthusiastic and I saw him always with laughter and etiquette with ritual marks on his forehead, where as me always in a same trouser… if I couldn’t see him coming.. my mother use to twitter me, da… your kannan in coming .. and I run for him.. .....................................................................A tsunami came and it took me away to the metro and again the second wave drift me to middle east. But he was so burly and based , nothing touched him. God blessed him for his compassion& vigor ever. He became like an oak tree with roots deep aground him, the branches sheltering many birds, there are joy around him…. And me, I find some relief on the other shore, become strong and well but by the time I look back home I find that I am a looser. I literally lost everything I like. My mother is far away from me , am a stranger to my folks now. what I have is some count of bread in my basket.......................... God blessed me too . other wise how could I stand erect alone in the dessert. Now I started ploughing up my land in native to nurture a tree atleast not an oak which can be useful to few lives and children paly around me and the loving clouds showers on me , they will create a dew pond near me and I will shed an acorn into it, to see the ripples calling me feel cool........................... I am nostalgic as I saw him today

nifty_myview A Fall of the entire pull back can be expected as the rsi brk short TL. Major peak supports & 50 DMA both around 4750. Only on breaking this level one can expect 4140. Let us see how the correction will resolve further.

PULL BACK