Arnold7Ratan

Learning Idea #Prem5 - EDUCATIONAL 8 Charts

Education
NSE:ASHOKLEY   ASHOK LEYLAND
THIS IS NOT A TRADING IDEA
USE ONLY FOR EDUCATION
I MAY OR MAY NOT BE TRADING IT

ASHOKLEY - Shooting star suggests selling pressure but overall chart patter is good and as long as the lower trend line is not broken stay long put an alert below Nov 20 low

SRTRANS - TFD BO given at 796 on ascending triangle and now sitting in positive channel check levels on chart

ANDHRAPAPER - TFD - Positive BO on descending triangle - TFH - rounding bottom stay long

LTFH - TFD gave a breakout on 71.9 but is forming a Rising Wedge and may fall down 2 days closed below the Breakout and if it goes below the trendline then short below 70

PAPERPROD - TFD - Two breakouts stay long T1 339

BHARTI AIRTEL - TFD forming a RISING WEDGE and may break down however it has been down for a long time and close above the bottom trendline can show positve sign, may short below 463

KALPATARUPOWER - TFD forming a steep rising wedge - may fall, SHORT T1 298 T2 284

TATA STEEL - TFD details on chart too much volume , seems like the right place to short. stay cautious. it may stick to the upper trendline and further rise details on chart, not a convincing setup.