HIL limited - PromisingW pattern
Currently consolidating in the form of right penant.
Target 1600 plus
Stop 1425.
Bseindia
Yes Bank - Shorting opportunityYes Bank - cmp 310
Target - 235
Stop 330
Weekly chart
1) 30 ema breach with heavy volumes.
2) Currently price consolidating in the form of flag pattern.
3) Price expected to break the flag downwards in expectation of the fact that stock has entered Stage 4.
AGROTECH FOODS LTD - A high probability trade setupCMP 732.
Target 845 plus
Stop 650
Monthly chart setup - W pattern
SHEMAROO - Bullish patternCMP 465
Target 500 plus
Stop 430
1) W pattern weekly chart.
2) Minimum target is 500. Prob of going beyond is very high.
AXISCADES - Nice change in trendAxiscades
cmp 206
target 300 plus
stop 160
Weekly chart
1) Stock pierces past down trend resistance line at 135.
2) Stock pierces past 30 period ema at 175 with huge volumes confirming change in trend.
BSE Limited - Long term betBSE Limited is now available at IPO listing range.
A good long term bet as valuations can be re-valued once NSE also listed and growth of equity investments in India.
LT FOODS - Nice setup for a possible longLT foods (Daawat)
cmp 83.
Long ONLY ABOVE 86.
Stop 70
Target :(86 - 56)*0.50 + 86 = 101 PLUS
1) Nice consolidation pattern in the form of a cup post
good uptrend.
2) Stock respecting the long term support trend line.
3) Good volumes on the right side of the cup indicates
big money flowing into the stock.
Mcdowells Holding CMP 51-52 .Time to hold spirits winter and election making the buzz . on a good pitch breaking out of long term falling wedge . above 54 can see some resistance at 60-62 then direct 90ml . long with a view of 93-105 before bar opens. stockdada.com
HCL Infosystems staging a multi-year breakout. attempted earlier and doing it again. Aadhar been mandatory will take this higher. Time to go long and keep in portfolio .stockdada.com
Jindal Steel and Power Breaking out of a long term falling trendline. Good support from RSI on monthly charts, once above 178-180 can do 21-230 quickly. A little long term will take this stock really high expect 350-400-475 in next 28-24 months
Mcleod Russel Ltd Breaking out of descending trending line. any close above 170 can do 192-200-215. September result is blockbuster
Astra Microwave Products Ltd Time to keep a eye on this stock anything close to 105 should be a buy , pure defense play. hold for 24-36 months would be a multibagger
BHEL -ve divergence on weekly chart , if the rising trend line is broken the stock might retest levels of 66 -57. Trend is down and pricking up at lower level for long term would be a good bet. stockdada.com
Adani Enterprises Cup and Handle pattern , any move above 132 can see a good jump till 160-165 form a medium term perspective. EMA in place SL 120
Marksans PharmaBullish cross over on weekly charts on Aroon indicator and indicates a change in trend . Close above 54-55 levels can see this stock touch 60-64 in short run and 84-100 in a years time.
MEP InfraConsolidating at the important Fibonacci retracement level 50% should be on radar till 87-84 for a good pull back . A good long term stock in view of the new projects coming up.
GHCL 229CMP 229 , Time to go long. results disappointed but momentum continues. Aroon indicator has just turned bullish on weekly charts might see a good run above 240 levels . Once above 240 the stock might test 300-320 in medium term
Century Textile Building on slowly but wil move towards 1422 soon. Little longer terms will settle at 1500.
Asian Oil field services Monthly carts are forming Cup and holder patter and any breakout above INR 200 can inch this stock to 340-345 levels. stable and rising crude prices will support the strong upmove.
Tata Steel - Shining BrightTata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 64163.38 Crore) operating in Iron and Steel sector. Ratan Tata was the chairman of the Tata group since 1991. As he Said, "I don't believe in taking right decisions, I take decisions and then make them right".He boldly got Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar Land Rover and Tata Steel to acquire Corus. All this turned Tata from a largely India-centric group into a global business, with over 65% revenues coming from operations and sales in over 100 countries.
The Iron and Steel Industry in India is one of the fastest growing sectors.The demand drivers for the Indian Iron and Steel industry are increasing in the activities of the automobiles industry, real estates industry, transportation system, aircraft industry, shipbuilding industry, etc.Tata Steel is world's 11th largest and India's second largest steel producer. Large, public and private sector players strengthen steel production capacity in view of rising demand.The steel sector contributes over 2 percent to the GDP of the India and provides 20 lakh jobs in the country.Tata Steel has manufacturing operations in 26 countries.In 2007 Tata Steel acquired the UK-based steel maker Corus and renamed Tata Steel Europe in September 2010.Tata group is most valuable Indian brand as per Brand Finance 2017.
Tata Steel is an organization that has seen many ups & downs as well as both world wars and depressions. Tata Steel has kept on moving and growing.
As per analysis point of view, I’m expecting Tata Steel to make short-term high between last week of October to the first week of November, Then short-term low between last week of November to the first week of December.Then we will see the mid-term rally for the high between mid week of December to last week of December.We will see the major bottom of Tata steel in February and major top in March around 860-920 price range.
Kulvir Singh CMT
@ Gladium Norma
HIGHER TOP HIGHER BOTTOM FORMATION IN SUPRAJITWe have seen that the basic formation of Trend Analysis is Higher Top Higher Bottom formation & Lower Top Lower Bottom formation. Prices have recently corrected from his recent highs and it was shoot up yesterday with GOOD Volumes. If we judge it as Higher Top Higher Bottom formation we can see that Prices can make new highs above 337 or levels. If prices breaks its recent bottom of 274.05 then only the trend will get negative. Volume of the particular stocks also recommend that healthy volume has been seen around these levels ahead and correction was just a profit booking and we can also confirm by lower volume when the prices were falling down. This is just for information not for any trade.
