Nifty mid term view-BearishDay,week,Monthly charts are forming like a head and shoulder pattern. Indicators also looking weak at current levels. Targets are given for short to mid term.
K.Vijayaraghavan,
Kovilpatti.
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Tata Chemicals- Short term view-BullishNSE:TATACHEM
CMP:720
1. Ascending triangle breakout done.
2. Indicators are showing bullish signals.
3.Daily,Weekly MACD crossover may happen on upcoming days&weeks.
These factors may help to reach our target levels.
Vijayaraghavan.K,
Kovilpatti
GSFC Short term view- Bullish1.Indicators are showing bullish signals.
2.Double bottom pattern formed and breakout done.
3.Weekly MACD crossover may happen on upcoming weeks(If weekly closing above 116,it may go further upside)
Vijayaraghavan.K,
Kovilpatti.
Manappuram Finanance-short term view-BullishNSE:MANAPPURAM
1. Daily,weekly indicators are slowly turning to bullish from bearish
2. Symmetrical triangle breakout done.
Vijayaraghavan.K,
Kovilpatti.
ZEE ENT- Short term view-Bullish1.Ascending triangle breakout done
2.Pattern like a round bottom formed and breakout done.
3.Closing above 514,it may go further upto 523-528 range.
4.All Daily indicators showing bullish signal and Weekly indicators are turning to bullish from bearish.
Vijayaraghavan.K,
Kovilpatti.
Karnataka bank Short term view-Bullish1.Daily MACD crossover may happen on upcoming days
2. Symm.triangle breakout done.
3.Weely indicators are slowly turning to bearish to bullish.
Bajaj Auto Short term view-BullishBreakout happen already. MACD Crossover may happen on coming days. These will help to achieve target Pls refer chart..
Vijayaraghavan.K,
Kovilpatti.
Ajantha pharma short&mid term view- BullishDaily and weekly indicators(MACD,ADX,CCI,RSI,PSAR) are showing positive signals. Daily ADX moving positive,Daily&weekly CCI positive crossover,weekly MACD cut may happen on upcoming weeks.These factors will help to achieve the target levels. Please refer chart for other details.
Vijayaraghavan.K,
Kovilpatti.
Bank Nifty- Short term View- BullishWeekly Indicators are turning from bearish and showing bullish signals. So pls refer chart .. This is not a intraday/expiry call
Vijayaraghavan.K,
Kovilpatti.
NMDC- Short term view- BearishHead and shoulder breakdown and daily,weekly indicators are showing bearish signals so these will help to reach the target. Refer chart for other details.
Vijayaraghavan.K,
Kovilpatti.
BHEL Short term view-BearishSell near to stoploss range if possible. Pls refer chart. Indicators are still weak and expecting come down again.
Vijayaraghavan.K,
Kovilpatti
Brent: Price going down down and down-repeat as neededBreak down the 2y7m ascending channel- focus shifts further down to 200MA
www.keytomarkets.com
Focus on GoldThe yellow metal failed to cling on to its gain after breaking out above 200MA (Weekly) earlier and currently trading below the 20MA daily. Given the daily indicators are remaining bearish, cautious remains in order with an eye on the support at 1216.00$ it’s 100MA and 1210.00$ its 50MA. A break below of these last support level would drag the price further to 1205.00$ it’s C corrective pattern on the H4 chart (1212.00$-1237.40$) and 50.0% of the fib reaction (1160.00$-1243.40$).
www.keytomarkets.com
Forecast: We expect the current correction could pause between 1216.00$-1210.00$. In this case, a sharp short-term rally would trigger to 1220.00$, 1227.00$ ahead of the critical resistance 1236.00$.
ACC short term view- BearishIndicators showing weakness. It will reflect upcoming days.
Vijayaraghavan.K,
Kovilpatti.
Engineers India short term view- BearishAll indicators are turning to negative side slowly. Beak down also done.
Vijayaraghavan.K,
Kovilpatti.
Apollo tyre short term view -BullishRefer chart .. Indicators are showing short term reversal..
Vijayaraghavan.K,
Kovilpatti.
Ashok Leyland short term view- BullishIndicators are showing reversal. Daily Bandbollinger narrow range,PASR turns positive,CCI crossover,weeklly PSAR turns positive and others. That will lead to achieve the target on coming days. Pattern wise, Parallel line breakout, Inv.Head and shoulder and Double bottom are going on. Refer chart for Target and stoploss details.
Vijayaraghavan.K,
Kovilpatti.
India Cements short term view- BullishRefer chart. Indicators also slowly turns positive(ADX loosning negative bias,weekly MACD crossover,weekly CCI and others). Anyhow better to buy above 125. Refer chart for other details.
Vijayaraghavan.K,
Kovilpatti.
MFSL Short term view-BullishMost of the time I given my views before breakout, by viewing indicators and having confident on that, So safer traders, can initiate trade after breakout (on closing basis) and risky traders can buy from this level.
Daily MACD crossover,Weekly CCi crossover,low stoch,positive RSI and other positive signs helps to reach the target range.
Vijayaraghavan.K,
Kovilpatti.
Brent: Monthly reports eyed
Oil traders eyed fresh insights from OPEC and IEA reports
Supply crunch back on the table
The downside prevails as long as 79.50$-80.50$ is resistance zone
The monthly OPEC report will be released on Wed, 12 Sep and IEA report will be published on Thu, 13Sep respectively.
We believe this week’s Brent crude oil price action is likely to remain controlled by OPEC and IEA reports. Directionally, we think production wave from Saudi Arabia is setting the stage for bears.
Since the end of June, Brent oil has placed at the top at 79.50$ levels. Just last week, the price made a high at 79.46$ and retraced to 75.50$ levels, its earlier breakout level. It seems the near-term price action may have contained within the 80.0$-75.50$ range unless a fresh catalyst emerges, most possible downside.
Good support could arise around the 75.50$ ahead of the 75.00$ and 74.00-73.70$. A drag below 75.50$ could attract additional selling interest to 74.00$ and 72.20$ levels.
www.keytomarkets.com
