ACC - Getting ready for a downmove?

Daily Chart 

ACC has been moving within a bearish rising wedge since the 2008 top.A potential double top at 1545-1565, return failure - failure to touch the resistance line of the rising wedge-, and a bearish head and shoulder pattern forming point to possible bearishness.

Watch for break of the red neckline at 1355  to kick start a bearish move !



follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!

Lakshmi Ramachandran
Vipreetinvestments

Reigning the Nifty !

 Excerpts from Daily Analysis sent to subscribers

Half Hourly Chart 

 

• Nifty made a bullish candle on daily charts after opeing gap up  making a new high at 8535. The gap at 8477-8491  will be immediate support.
• Half hourly chart shows an expanding tringle forming which is a bearish pattern and has met resistance exactly at the resistance line. Trade above 8535 is necessary to avoid a leg down.
• Previous high 8180 and gap at 8169-8200 will be strong support if Nifty weakens further.

follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Stocks Making New Highs - My Favourite stock -Asian Paints

Asian Paints

The stock has been making higher highs on a continuous basis qualifying it as extremely bullish.

The uptrending channel shows capability to move higher once again.With the consolidation over, as depicted by a breakout from the equilateral triangle, the stock should resume it's uptrend and achieve higher highs.

Write to vipreetinvestments@gmail.com for enquiries about subscription to our stock picks and daily analysis of the Nifty and Bank Nifty.

follow me on twitter http://twitter.com/#!/lucksr


Happy Trading !!

Lakshmi Ramachandran 
www.vipreetsafetrading.com

Evergreen Stock Picks

Vipreetinvestments wishes a " Happy Ganesh Chathurthi " to all it's readers and announces that we have come out with long term bets once again.

The stocks are of companies with good management making them good long term bets with no cause for worry in case the markets were to crash as that would be a buying oppurtunity for Vipreet's subscribers.

Queries from subscribers while investing will be welcome and supported  by  Vipreet's at all times.

Those interested may mail to vipreetinvestments@gmail.com.



follow me on twitter http://twitter.com/#!/lucksr

Happy Investing !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Nifty Prediction with Price Channels

Nifty Monthly Chart

Price channels are continuation patterns that slope up or down and is bound by an upper and lower trend line. The upper trend line determines  resistance and the lower trend line determines support.

Many a time prices move systematically within a channel making it easy to draw the channel.When this does not happen we first determine the existing trend.In case of Nifty the trend is up.Therefore the main trendline will be the one determining supports and sloping up as is depicted in the monthly chart. Drawing a line parallel to the Main Trendline passing through a minimum of two price points gives us our Resistance line and the channel is complete.

Till prices move within the channel, the trend is bullish. Failure to test the Resistance line and a subsequent reaction is the first warning of a possible trend change. Continued fall with a break below the  main trend line support would  be confirmation of the trend change. A break above resistance line though would be bullish and indicate accelerated upward momentum.

Nifty is close to doing one of the two - Set in a reaction OR accelerate upwards ??

You need to subscribe for further clues.

follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!

Lakshmi Ramachandran

Vipreetinvestments

While The Nifty Made New Highs

 Nifty makes a Higher High

 Auto Sector, a Lower High

Energy Sector makes series of Lower Highs

FMCG underperforms since August 2013 and makes a lower high

Realty Sector makes lower highs

Bank Nifty makes a Lower High too !

IT, the new "Defensive" Supports Nifty's Upmove with a minor Higher High

Defensive Sector Pharma remains Robust

Volatility Index shows "Low Fear" which means too much complacency !

With the longer term firmly up a "Buying Oppurtunity" may be close.

follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty

5  Minute Chart 

 Bearish patterns galore ! Expanding triangle which seems to have started a downleg. Notic how each downleg started off with a  bearish head and shoulder pattern, the latest one with neckline already broken ! The return failure -- failure to touch the resistance line of the expanding triangle -- indicates bearishness too .

follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Gold May Be Strengthening

Daily Chart  

 Gold has registered a swing failure at 1240 indicating strength. A cross above 1393 will confirm it and give a buy signal. 

follow me on twitter http://twitter.com/#!/lucksr


Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty - Excerpts from Analysis for 13th June 2014

Daily Chart

 

      

  Nifty continued the sideways move with the 7580 low holding well.Line charts show a rising wedge with volumes falling and the RSI14 showing negative divergence.This is a classic indication of failing momentum and a possible reversal of the uptrend from 6638 if the rising wedge breaks.

follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty 29th April 2014

 

Half Hourly Chart 

 Nifty positive above 6751 for a target of 6870  and negative below 6751 for a target of 6665 with supports at 6740-6712

 
follow me on twitter http://twitter.com/#!/lucksr


Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Looking For Tops

No ! I am not expecting a Top! I just follow the trend till the bull says "I am tired and want a rest" .

I chose to write about this topic as the robust rise which has, as always,  taken most market participants by surprise, is keeping one wondering at every rise whether a Top has been made.

Protecting hard earned gains becomes an obsession  and more often than not a short period of weakness is often mistaken for the actual top, leading to selling their hard made investments much before the trend is over.

Tops  never happen in a day.It will tease before giving in thus making it a somewhat long process.  Keeping some simple rules and events in mind will help ride this wild bull.

• Stop looking for short term gains.You earn more peace of mind and money by looking at the larger picture.
• If after a move into new high  there are several days of  increased volume with either very poor price progress or actual declines then a top may have been made.These are called distribution days.
• Look for a close below an important trendline.Looking for a two period close below it would be sensible. Normally it should be the trendline joining the lows of the move that you are trading. If one is riding the current uptrend from August 2013 lows then we look for a close below the uptrendline drawn from that low.
• There is a red alert if a high is made, reaction sets in, desperate attempts are made to cross that high but instead the low made during the reaction is easily taken out instead. This is called a failed test of the previous high. This shows bears are  gaining strength.
•  Look for a close below the swing low established after either of the above --break of trendline or failure to test previous high-- event happens.This will be the final confirmation of a top having been made.
• During the  topping out process, the indentification gets  easier if topping technical patterns like the Outside Bar, Inside Bar,Rising wedges,Head and shoulders, and candle patterns like, Bullish engulfing,Evening star, Hanging man and Shooting star occur. 

There are several other methods but this is the basic and most reliable.Comments and any additions to the above are welcome.

 

follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

It is the IT Sector's turn to Reverse !

Weekly Chart 

 The above weekly chart shows how the  "Outside Day" reversal pattern - shown in red elipse - on the weekly charts of the IT Sector Index has warned of a reversal with regularity.Occuring on weekly charts makes the signal stronger.

Outside days are days where the current candle is both higher and lower than that of the previous candle. 

The pattern has occured once again alerting of an impending reversal !!

follow me on twitter http://twitter.com/#!/lucksr


Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

An Evening Star - A Powerful Bearish Reversal Signal

Daily Chart

 An evening star pattern formed on Dr.Reddy today.The gap up made on Friday the 28th February , the long upper shadow which makes the candle a bearish shooting star which formed on huge volumes and the bearish candle which closed the gap today makes the reversal signal stronger.     


This coming after a spectacular run up increases the probability of a reversal.

follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Reversal Signals in S&P500 ?

Monthly Chart 

The S&P 500 has had a dream run , which probably remains a dream for most participant. The monthly charts have formed an Outside day pattern which is a reversal signal. 

 Outside days are days where the current candle is both higher and lower than that of the previous candle. Outside days mark greater volatility in  price for that day.In the case of S&P500the current candle engulfs previous three months range indicating the possibility of reversing is higher.

 Watch out if the low of the candle at 1738 breaks !

follow me on twitter http://twitter.com/#!/lucksr


Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Gold Getting Strong !

 

Daily Chart 

 Gold has gotten strong with , 

A breakout from the downtrending channel, successful test of it's resistance line and breaking out of the high made on the breakout at 1280.

A breakout from an inverted head and shoulder pattern giving a mouthwatering target given to subscribers well in time to take advantage of the breakout.

The 20/40 Ema have given a buy.

Write to vipreetsafetrading@gmail.com for details about subscriptions.

follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

Gold Bottoming Out ?

Weekly Chart 

There is a good chance that Gold may have formed a bottom at 1179. Firstly, the 1179 low made six months ago has been held. Secondly, the up leg from 1179 to 1434 has been retraced in double the time indicating drying up of sellers.

Cross above 1280 which is where the 20 Ema resides along with the recent reaction high, would put the short term trend up.

Resistance would come in at 61.8% fibo level and 40 Ema at 1330, minor swing high at 1360 and finally at 1434.Crossing 1434 would confirm a double bottom at 1179 which could catapult Gold to 1700.

All this provided 1179 holds !

follow me on twitter   http://twitter.com/#!/lucksr


Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com
vipreetsafetrading@gmail.com

Nifty Analysis

 

Daily Chart

  Half Hourly Chart 

 Another Inside day pattern within the sideways move indicating indecision.The close was above  the 50 Ema ,7sma  and 20ema.Break and close above 6288 is required to resume the upmove from 6140.The broad range remains at 6130-6415 which needs to be broken to end the stalemate. 

6306 will be a strong resistance area with a confluence of fibo resistance.

 Half hourly charts shows a descending triangle which should break down as per it's characteristic.Breaking upwards will be bullish.Resistance from this triangle is at 6328-6325 intraday.The 6140-6225  range break target is 6299.Watch this 6299-6325 level to see if Nifty weakens or strengthens here.

These are excerpts from the Daily analysis sent to subscribers.

Write to vipreetsafetrading@gmail.com for subscription to get your trades right.

follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Which Sector Strongest ?

BankEx

Auto

 Capital Goods

Consumer Durables

 FMCG

 Healthcare

 

 

 IT

 Metal

 Oil  and Gas

 Realty

 Power

Conclusion : 

Strong sectors IT and Healthcare

Sectors bottoming Capital Goods and Metal

 You can reach me at vipreetsafetrading@gmail.com for details about subscriptions.

 
follow me on twitter http://twitter.com/#!/lucksr


Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com

Disclaimer

All the calls made in this section are based on my judgment and the information available at the particular point of time. Adequate precaution has been taken while writing the analysis. However, no responsibility is taken for the losses or gains made through the analysis, either legally or otherwise. Readers are advised that acting on the analysis is at their own risk. Stock Market trading involves risk and is a high risk & high return business and I do not accept any financial and/or legal responsibility arising from the use of the information

Happy New Year !

Yearly Chart 

Nifty cheered 2013 with a breakout  from the ascending triangle on the yearly line charts.This is certainly bullish and one can be bullish on the Indian markets for the long term.

 A Big Thank You to all my dedicated Subscribers for their faith and confidence in my analysis.

Interested readers may write to vipreetsafetrading@gmail.com for details of subscription to my Analysis.

 

follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com