RIL Views!!!

SnP 500 Views!!!

Dollar Views!!!

SnP 500 Views!!!

With SnP 500 it aint over yet! I have put forth, both the weekly as well as the daily chart, to show that so far what we are witnessing are just dips and not the DEEPS!!!

I have always maintained that till the time we don’t break and close below the 1150 mark, there wont be any significant change in the bullish set up. As repeated many a times, we need to make a lower high and then a lower low to fathom any change in trend! I have added the fibs on both the time frames, to enable you to understand that till what price we treat the dips as pullbacks!!!

As the wise always say the trend is your friend, till it bends…and it aint bending YET!!!

Price/ Volume Breakout Scrips!!!

Below is the list of stocks, which have given a price/volume breakout (yes…there’s always a bull market somewhere!!!). The parameters used to scan this list were “Displays securities where the price increased 5% and the volume is 50% above a 50-day moving average”.

 

                                        

In the chart above, you can see the current close followed by the previous close which leads to the percentage change! Then of course the volume, the 50 day MA of Volume and the percent increase in volume.

Another filter I added was RS (Relative Strength Comparative) measuring the strength of the scrip vis a vis nifty. And to put it graphically I have put  charts of Uttam Sugars (to your left) and Valecha Engineering (to your right) showing the two most extreme cases where one is underperforming the nifty and the other outperforming, and yet both are breakout candidates!!!  Who knows Uttam Sugars, the laggard, might be just starting a turnaround story???