Wednesday, November 30, 2011

AUDUSD Technical chart | 30-Nov-2011

 Here is the technical chart of AUDUSD with Doda-Donchian indicator.


 


Doda-Donchian  indicator has given buy signal on AUDUSD currency pair at 0.98529 on 28-Nov-2011. The same was confirmed was Doda-Bollinger Bands.  It has already given a profit of 161 pips ( at the time of writing the post). But watch the level of 1.0119 here. It has a great resistance here. Once it's able to cross this level, you'll surely see immediate bull run of this currency pair.


Major resistance levels: 1.01410, 1.0119, 1.0227

GTL Infra Ltd. Technical Chart | 30-Nov-2011

 



Let's analyze the technical chart of GTL Infra Ltd., listed on Indian stock exchange, with ichimoku Kinko Hyo indicator.


 


 


 


 


 


Yesterday, the stock closed at 9.55 (up 11.7%). Many traders have started buying this stock. Not only this, some "experts" have also started recommending to buy this stock.


 


But if  you look at chart carefully, the price is trading below kumo


Whenever the stock price trades below kumo, one should not buy it.


One can take long position here when and ONLY if the price CLOSED above kumo viz. currently at 12.37.


Immediate resistance is at 11, 12.37 and then at 20.56


Sanghvi Forging & Engineering Ltd. Technical Chart | 30-Nov-2011


Below is the technical chart of Sanghvi Forging & Engineering Ltd., listed on Indian stock exchange. I've used Ichimoku Kinko Hyo indicator on the chart.


 


 



Yesterday, this stock CLOSED above kumo and thus giving bullish breakout. So, one can buy this stock with a stop loss of 26.92. The only problem is thatChikou-Span (CS) line is still under kumo. That can create some resistance in coming trading session. Once that also closes above kumo, one will surely bull run of this stock in short term. Watch it carefully.


Tuesday, November 29, 2011

IndiaBulls Real Estate Ltd. technical chart | 29-Nov-2011

 



Here is a technical chart of IndiaBulls Real Estate Ltd., listed on Indian stock exchange, with ichimoku Kinko Hyo indicator.


 


 


 


 


On 27-Jul-2011, the stock closed below kumo; thus giving bearish breakout @104.95. From there it started its downward journey and touched the low of 59.05 on 24-Nov-2011.


Although it started to move some upward, but this is still not the right time to buy it. The price is still below Kijun-Sen line, kumo and Chikou-Span (CS) is also below kumo. There is NOT even a single sign of positive in this chart. So, stay away from it.


Resistance levels: 69.20, 71.87, 78, 92.47


Support: 59.29


 

Thursday, November 24, 2011

Rise and Fall of D B realty Ltd.| Technical Chart | 24-Nov-2011

 



Below is the technical chart of D B Realty Ltd, listed on Indian stock exchange. The stock is been news for a while because of charges in 2G scam. I've used here ichimoku Kinko Hyo indicator.



 


On 01-Aug-2011, it CLOSED down below kumo @74.65; thus giving STRONG bearish breakdown. That was good opportunity to exit from this stock and do short selling. Then, from 03-Oct-2011, after touching the lows of 45.40, it started moving upward, but faced STRONG resistance on kumo. It started its downward journey again and found support again on kumo


​Yesterday, it moved 20% up@64.50. But Chikou-Span (CS) is still BELOW kumo. So, one should NOT take any long position here till both - Chikou Span (CS) and price CLOSED above kumo. It's better to avoid this stock till then.


Resistance: 67.50


Support: 45.40


Kotak Mahindra Bank Ltd. Technical Chart | 24-Nov-2011

 



Let's discuss the trading strategy in Kotak Mahindra Bank, listed on Indian Stock Exchange, with ichimoku Kinko Hyo indicator.


 


 


 


 


 


 


Yesterday, Kotak Mahindra bank CLOSED below kumo @441.45.Chikou-Span (CS) was also below kumo; thus confirming the bearish breakout signal. Book your profit / loss at these levels. The stock will go more down from here.


Support: 429.90, 421.50


Rise and Fall of Parsvnath Developer Ltd. | Technical Chart | 24-Nov-2011

 



Below is the technical chart of Parsvnath Developer Ltd., listed on Indian Stock Exchnage, with ichimoku Indicator.


 


 


 


 With Ichimoku indicator, the reading of chart becomes so easy, that one can easily take buy, profit booking / sell signal, short selling signal - almost all signals.


On 29-Aug-2011, the stock price CLOSES above kumo atRs.48.20, thus giving bullish breakup and buy signal. From there, it started its upward journey and touched the high of aroundRs.82.


Then on 17-Nov-2011, it closed below kijun-sen line, thus giving signal to book your profits and exit from stock at 71.95.


And finally on 22-Nov-2011, it closed below kumo @44.40, thus giving bearish breakdown signal and opportunity to do short selling in this stock.


​Avoid this stock now as it will surely move more down from here.


GBPUSD Technical chart | 24-Nov-2011

 Below is the technical chart of GBPUSD currency pair Doda-Donchian and Doda-Bollinger Bands.



The chart is self-explanatory. With sell signal @1.59438 on 14-Nov-2011, it has given profit of about 400 pips.


The major support and resistance levels are:


Resistance: 1.56961, 1.55798, 1.56473


Support:1.5512

EURUSD Technical Chart | 24-Nov-2011

 Here is the technical chart of EURUSD currency pair with Doda-Donchian and Doda-Bollinger Bands indicator. I've sued H4 time frame below.



Starting from 31-Oct-2011 (not showin in the above chart), when Doda-Donchian and Doda-Bollinger Bands gave sell signal in EURUSD, it's moving downtrend. It happens many time, that the price started trading above Doda-Donchian line, but that was not supported by Doda-Bollinger Bands. So, downtrend and weakness in chart was intact.


Even now, it's trading down. The major levels are:


Support: 1.3252


Resistance: 1.35666, 1.36064,

DowJones technical chart | 24-Nov-2011

 Here is a weekly technical chart of DowJones with Ichimoku Kinko Hyo indicator.



After yesterday's fall, DowJones took support near kumo, which is a VERY strong support level on weekly chart. It should bounce back from here. Otherwise, one negative news could bring down below kumo and it will start downtrend from here. So, watch this level very carefully and make strict stop-loss around 11240 levels.

Wednesday, November 23, 2011

IFCI Technical chart | 23-Nov-2011

 



Below is the technical chart of IFCI, listed on Indian stock exchange, with ichimoku indicator.


 


 


 


IFCI closed at 52.30 on week ending at 4-Feb-2011. That was first signal of its weakness and STRONG bearish breakout. It tried to move kumo by moving sideways, but it failed. Then, it started its downward journey and yesterday, it closed at 22.25. 

 

Even now, it's a weak chart and one can expect a BIG fall from these levels. So, don't be in hurry to buy this stock. Strong resistance is at 35.53 and strong support is at 15.60.

 

Tuesday, November 22, 2011

CAC 40 bearish brekdown | 22-Nov-2011

 CAC 40 technical chart is shown below with Ichimoku indicator.


 


In the last trading session, CAC 40 CLOSED below kumo 2894.94. Chikou Span (CS) was already below kumo; thus confirming the bearish breakdown. This may be the beginning of new downtrend cycle. Do not take any long positions here. Instead, take ONLY short positions.

Suzlon Energy Technical chart | 22-Nov-2011

 Below is the technical chart of Suzlon Energy, listed on Indian stock exchange, with ichimoku indicator.



 


 


 


 


On 08-Aug-2011, Suzlon energy stock price CLOSED below kumo @45.30 and that was the first signal of its weakness. It was a strong bearish breakout. After that it started its downward journey and yesterday it closed at 21.40. After so much of downfall, small bounce back can not be ruled out. But that does not mean that one can buy this stock at these levels.


Even if you're a short term trader, you should buy it when it closes above kijun-sen line viz. is currently at 30.07. For long term investors, take buy call when it CLOSES above 38.57.


Monday, November 21, 2011

BHEL Technical Chart | 21-Nov-2011

 


Below is the technical chart of BHEL, listed on Indian stock exchange, with Ichimoku Kinko Hyo indicator.


 


 


 


On week ending 26-Nov-2010, BHEL CLOSED below kumo at 419.37, giving bearish breakout. That was the first signal of its weakness and opportunity to do short selling in BHEL. After that it tried many time to cross kijun-sen line, but every time it failed. In the last trading session, it closed at 274.85. Still, it is below kijun-sen line and kumo. So, it is not the right time of investments here. Buy ONLY when it closes above kijun-sen line viz. currently at 345.


 

Saturday, November 19, 2011

Reliance Industries Technical Chart on Ichimoku | 19-Nov-2011

 Here is the technical chart of Reliance Industries Ltd., listed on Indian stock exchange with Ichimoku Kinko Hyo indicator.



 


 


 


 


 


 


 


 


Yesterday, Reliance Industries Ltd. stock prices closed at 808.10. In intraday, it started trading below kumo but by the end of the trading session, it managed to close above kumo. So, kumo is acting as strong support viz. currently near 805 level. On the downside of kumo, major support is at 791.40. If Reliance Industries CLOSES below this level, take short position. Take long position ONLY when it closes above 840.20, which is kijun-sen level on weekly chart.


Tata Steel Technical Chart on Ichimoku | 19-Nov-2011

 



Below is the technical chart of Tata Steel, listed on Indian stock exchange, with Ichimoku Kinko Hyo indicator. I've used weekly time frame here.


 


 


 


 


 


 



 


 


 


 


 


On 25-Feb-2011, Tata steel closed below kijun-sen line, at 606.85. That was the first signal of its weakness and opportunity to exit from long positions. For next weeks, it managed to get support on kumo, but traded below kijun-sen line. Then on week ended on 20-May-2011, it CLOSES below kumo and that was strong bearish breakout. It tried to cross kumo later on, but failed; and from there it started its downward journey. Yesterday, it closed at 391.40. Still, there is not even a single positive sign to take long position here. 


One should buy this stock, if it manages to CLOSE above kijun-sen line, at least. And that level is currently @501.50. Please note that this figure will change in coming weeks and you should take kijun-sen line in account and NOT this figure. To see charts on Ichimoku indicator and to watch kijun-sen line, you may refer to our technical charts section given at http://www.investmentkit.com/dodacharts/stockmarketchart/showchart.shtml


Friday, November 18, 2011

Gold Technical chart | 18-Nov-2011

 Below is the technical chart of Gold, using Doda-Donchian and Doda-Bollinger Bands indicator. The time frame is daily.


 


As indicated by our famous indicators, Gold is currently trading near very strong support zone of 1700 - 1705. If it CLOSES below this level, we can expect some correction in Gold. Till then, take / hold long positions only. 1687 is the next support level.

Wednesday, November 16, 2011

ICICI Bank technical chart | 15-Nov-2011

 


Here is a technical chart of ICICI Bank, listed on Indian stock exchange, with Ichimoku indicator and its explanation.


  


 


 


 On 31-Oct-2011, ICICI Bank price touched the high of Rs.953.65, which was exactly at kumo line. It faced strong resistance there and it started its downward journey from there. Then, on 09-Nov-2011, it CLOSES below kumo and that was the bearish breakout. In the last trading session, it closes at Rs.789.85. Chart shows that it will continue to move downward further. One should exit from this stock, if you're holding it.


Weak support level: 761.40


Strong support level: 618.20


 

Tuesday, November 15, 2011

Sensex technical chart | 15-Nov-2011

 Here is a latest technical chart of Sensex with Ichimoku indicator.




 


There is no clear trend in Sensex yet. One day up, one day down. Morning up, afternoon down. Very difficult to predict for short term trading. But one thing is sure. Sensex will touch the level of 16,825 in coming days as kijun-sen line is flat. It may be closing near this level or "kissing" this level on intraday. So, watch this level carefully.


Monday, November 14, 2011

EURUSD technical chart | 14-Nov-2011

 Here is a technical chart of EURUSD with Ichimoku Kinko Hyo indicator.



 


As seen the above chart, EURUSD currency pair is trading INSIDE kumo - which means no-trade zone. It's better to sit on cash at this moment and wait for right opportunity. 


Now, the big question is where is the opportunity? At the time of writing this post, EURUSD is trading at 1.37671 and I hope after few hours, it'll CLOSE above kumo, which is its major resistance also. So, if it CLOSES above 1.3867, one can take long position here. Till then, wait.....

Saturday, November 12, 2011

Halonix Limited bullish breakout | 12-Nov-2011

 


Here is a technical chart of Halonix Limited listed on Indian stock exchange.


 



 


In the above chart, I've used the famous Japanese indicator - ichimoku kinko hyo.


Yesterday, the price of Halonix Limited CLOSES above kumo at Rs.73.25. Chikou Span (CS) line also closes above kumo. It is a very positive sign that this stock will move further up from here. The current bullish breakout may lead this chart to the level of 81 and then to 95.33 in coming days. Make a stop loss of 69.35 and then trailing stop-loss.


Hope you'll make money here.


 

Friday, November 11, 2011

State Bank of India technical chart | 11-Nov-2011

Here is a technical chart of State Bank of India (SBI) listed on Indian stock exchange. I've used Ichimoku Kinko Hyo indicator.


 


 


 


 


 


 


 


 


 


 


 


On 4-Aug-2011, SBI price CLOSED below kumo and that was the fisrt signal of its weakness. From there it started its downward journey - from 2257 to current 1862. Even now, it is trading below kumo and one has to wait for its closing above kumo for uptrend. It will start its uptrend if it CLOSES above 2170. Till then, avoid this stock.


 

 

Wednesday, November 9, 2011

VTX Industried limited | Bullish breakout | 08-Nov-2011

 



Here is a technical chart of VTX industries listed on Indian stock exchange.



 


In the last trading session, its price CLOSES above kumo viz. Rs.15.21. That was the STRONG bullish breakout. One can still but this stock witha  stop-loss of 15.21 for a target of 16.84 in coming days.



 

EURUSD technical chart | 09-Nov-2011

 


Here is a technical chart of currency pair EURUSD with Ichimoku indicator. Here I've removed all the components of Ichimoku except Kumo to show current price resistance.



EURUSD is trying to cross kumo from the last few hours. It's facing tough resistance near the levels of 1.3817. If you look at kumo, it's a flat line. So, it'll surely cross this resistance area in next few hours and then it will move upward. The expected price movement of this currency pair has been drawn with blue pencil on the chart itself.


 

Sensex Technical chart | 09-Nov-2011

on which I 


Here is a technical chart of BSE-30 with Ichimoku Kinko Hyo indicator.



BSE Sensex has closed down to the level of 17,569 in the last trading session. The price is trading near kumo. It made many attempts to CROSS kumo, but it failed. So, kumo is acting as STRONG resistance here viz. @17,700.


Looking at chart, Sensex will get support at 17,351 in the next few trading sessions.


One thing on which I'm not feeling comfortable is flat kijun-sen line. It can PUSH sensex down to the level of 16,826, if this line does to rise from here. Be cautious till then.


 

Tuesday, November 8, 2011

DowJones support level | 08-Nov-2011

 DowJones technical chart is shown below with Ichimoku kinko hyo indicator.


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


DowJones got support on kumo twice i.e. on the level of around 11,685. This has now become the major support level. Keep all your stop-losses on this level. The immediate target is now 12,272.

Monday, November 7, 2011

EURUSD Technical chart | 07-Nov-2011

 Here is a technical chart of EURUSD with Ichimoku indicator. I've removed all the components of Ichimoku here except Kumo. The first chart is at H1 time frame and 2nd is on H4 time frame.


 


On H1 time frame, EURUSD is trading inside kumo, which is no trade zone. It can move 50-60 pips down from here to get support. But if you look at H4 time frame, the future kumo is flat, which can attract the price to the level of 1.3927. Watch this range carefully.

Saturday, November 5, 2011

Bullish breakout chart for next week | 05-Nov-2011

 Here are few charts where I found bullish breakout after yesterday's closing on Indian stock exchange. The chances are these stocks will move further upward from their current levels. One can make money in thee stocks in next few days.



 


 


 


 


 


 


 


 


 


Some of the stock names are:


IND-Swift Ltd. has givena breakout at 31.20. Buy it with a stop loss of 29.50.


Buy Indian Bank at current level with a stop loss of 204.


Buy Insecticides (I) Ltd. at current level with a stop-loss of 366.


 


Friday, November 4, 2011

EURUSD technical chart | 04-Nov-2011

 Here is a technical chart of currency pair EURUSD with Doda-Donchian, Doda-Bollinger Bands and BBSQueeze indicator.



After getting the Sell signal from all the indicators @1.40126, it touched the low of 1.36074 and now trading near 1.38126, giving a total profit of about 200 pips. The chart is trying to CLOSE above Doda-Donchian line and if that happens, it will surely touch 1.40612 in coming trading sessions. Book your profit at that level for once.

Hindustan Unilever Ltd. Technical Chart | 04-Nov-2011


Here is a technical chart of Hindustan Unilever (HUL) on Ichimoku indicator. The stock is listed on Indian Stock exchange.



 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


The stock have bullish breakout on 24-Oct-2011 at Rs.336.90. From there it started its upward journey making a high of about Rs.393 in just few trading sessions. But if you observe the chart carefully, although the price is rising, the kijun-sen line if flat. That's not good. Whenever the kijun-sen line is flat, it will always attract the price. So, one can expect the correction in this stock now with a target of Rs.356.20. The expected price movement has been drawn on chart with blue pencil. Watch this level carefully.



 

Reliance Power technical Chart | 04-Nov-2011

 Here is the technical chart of Reliance power, listed on Indian stock exchange, with Ichimoku indicator.





The stock closes at Rs.98.95 yesterday, which is just above the kumo. The Chikou-Span (CS) will closes above the kumo, if Rpower manages to CLOSE above Rs.100.50. If that happens, one can surely take long position here with the stop-loss of 98.32 for short term target of 106.40. For medium term, the target is at Rs.119.80, where it will face strong resistance. But overall, the chart looks good even in this kind of volatile market. 


Thursday, November 3, 2011

Tata Motors Technical Chart | 03-Nov-2011

 



Here is a technical chart of Tata Motors, listed on Indian stock market, with Ichimoku Kinko Hyo indicator.


This is a famous Japanese indicator, which is complete in itself.


 


 


The price of Tata motors has touched a high of Rs.208 few trading sessions back and from there, it is coming down.  There is no surprise in that as Kijun-sen line if flat and it will attract the price. So, in coming days, you can see the price of Tata Motors touching the price of 175. Take your positions accordingly.


 


 


 


 


 


DowJones next movement | 03-Nov-2011

 Here is a technical chart of DowJoneswith ichimoku indicator.



The price is getting support near the level of 11679, which is a support at kumo. But the problem here is falt kijun-sen line. Whenever the Kijun-Sen line is falt, it will attract the price - the golden rule of ichimoku indicator. So, in coming days, DowJones may touch the level of 11344 before beginning to move upward again. It may kiss this level on intraday basis also. 


Chikou-Span (CS) line will also get support on kumo then. These are the very crucial support levels of DowJones.


The expected movement of DowJones for coming days has been marked by Blue pencil on chart itself.

Wednesday, November 2, 2011

Nifty Technical Chart | 02-Nov-2011

 Let's analyze the technical chart of Nifty and see it trend for coming days.



 


 


In the last trading session, we've witnessed a change of 1.3% (68.65 points) in Nifty. Now, the question arises, where will be Nifty in coming days. The answer is in its technical chart using ichimoku indicator. As indicated by the chart, the price is trading above kumo, but the Kijun-sen line is flat. 


Whenever the Kijun-Sen line is flat, it will always attract the price - that's the golden rule of Ichimoku indicator.


So, the price will get support first on kumo i.e. at the level of 5210 and then at 5065. Watch these levels carefully. Chikou-Span (CS) line is also below CS. So, there is no clear bull signal in Nifty yet.


 

Tuesday, November 1, 2011

EURUSD Technical chart | 01-Nov-2011

 Here is the technical chart of EURUSD with Ichimoku, Doda-Donchian indicators.



Almost all the indicators gave sell signal @1.40126. The price is currently trading at very CRUCIAL support level viz. @ 1.38056. If the price CLOSES below this level, take fresh short positions here. 


Hero MotoCorp Technical chart | 01-Nov-2011

 Now, let's analyze the technical chart of Hero MotoCorp with Ichimoku indicator.




 


Kumo area of ichimoku - the blue region shown in the above chart, always acts as support levels if the price is trading ABOVE this level. So, if you see the chart carefully, you'll observe that everytime when the price of Hero MotoCorp started to fall, it managed to take support on kumo level.  The chart is in bullish mode. 


The major support levels are : Rs.2068, Rs.1978 and major resistance levels are: Rs.2224 and Rs.2235


Titan Industries technical chart | 01-Nov-2011


Here is a technical chart of Titan industries, listed on Indian Stock market, with Ichimoku Kinko Hyo indicator. This is one of the famous and most successful indicator in technical analysis. You can read more it in tutorials section.


 



 As it is clearly visible from the above chart, the price is taking support on kumo from the last few trading sessions. This level is at Rs.214.60. So if the price breaks this level, you SHOULD exit from the stock as then it will move downward. On the other hand, one can take long position here, if it CLOSES above Rs.221. 


The chart is in very BULLISH mode in weekly as well as on monthly time period also. Good bet for long term investors.