RIL has crossed the resistance of 1484 and closed at 1487. Stock is making triangle pattern and MACD is moving in the positive zone.
Buy @ 1485, Target @ 1552, Stoploss @ 1430 Time fram- 1 Week
Tata Motors which has yesterday crossed support level of 175.50 is likely to fall today and likely to reach support level of Rs166.05. Stock is expected to complete semicircle pattern on charts and stock is currently in consolidation phase. Target 166.05 Stoploss 175
RIL is likely to fall today. First resistance of RIL will be at 1330 and 2nd will be 1342. In Stochastic indicator has started diminishing after staying in overbought zone.
In my view Yes Bank will fall today as it has taken resistance at Rs 252.50 and will come back today. If yes bank closed today above Rs252.50 then its next target will be Rs286. But it is likely to fall today as YES bank has made doji candlestick precious trading day. Stock has also reached Bollinger Band upper risk line. Target is 230 SL 265
Tata Motors has huge probability of falling today. Tschnically Tata Motors is creatingr rising wedge and reached the resistance level. Today if it brokes the resistance level then the stock will increase in the coming days. But it is most unlikely things going to happen, as confirmed by technical indicator ADX. ADX is in decling phase which means stock trend is...
NCC has yesterday crossed support of 78.30 is expected to increase today. I think stock will today break the triangle and diamond pattern which will act as a breakout of triangle and diamond pattern. Stochastic which is at 12 & 15 confirms the pattern and gives bullish signal. You can purchase the stock at 79.75 Target at 82 Stoploss at 76.5
LIC Housing Finance is very likely to fall today. Stock was in downtrend from 18th January but, after taking a support at 433.5 stock reversed back and travel in a rally. Yesterday stock has given a doji candlestick pattern which suggests break in this rally and it is also proved by the increase in selling volume. So, from here it is huge probability that stock...
Mahindra & Mahindra is likely to rise tomorrow from 695 that is today's closing. Stock has taken support from 674 and closed at 684 on 5 th February and it is very likely to cross the 1st resistance of 700 if it crosses 700 then stock will be bullish tomorrow. I hope stock will respect rounding bottom pattern and will not breakup in between. If there is a breakup...
Geojit Financial Services has today opened today below the support of 36.45 and closed the at 36. Stock is also forming triangle pattern. Stock is likely to reach next support level of 31.55 within the coming days. If tomorrow stock open above 36.45 and closed around 38 breaking the triangle pattern then it can act strong indication of trend reversal. Otherwise I...
Geojit Financial Services has today crossed support of 36.45 and closed at 36. Stock is forming triangle pattern and is expected to go short till the support of 31.45 at the end of week. If tomorrow market opens above 36.45 and closing breaks the triangle formation then it can act as trend reversal with the indication of sharp increase in volume. Otherwise...
Ashok Lelyland which is heavy and light commercial strong company which is fundamentaly strong company but its share prices are decreasing due to fall in auto sector.But now Ashok Lelyland has gone into oversold zone and is undervalue. As the earning season has started its time to buy Ashok Lelyland. It is expected that Ashok Lelyland will increase today put the...
Reliance Industries which in the past 3-4 days has increase by 3-4 % continuously due to its excellent quarterly results. But the security is overbought in the market. Stock price has crossed the upper risk band, volume oscillator is decreasing and RSI has gone in the overbought zone. Last but not the least stock has given a doji candlestick on last trading day....
Buy Wipro for 1st week of New Year. I think it will increase in the coming week and will cross resistance level of 333 within next week. In the coming week you can keep target upto 337 and Stoploss at 324
Today you can short RIL based on candlestick pattern of RIL, stock has given gravestone doji like structure and stock may become bearish to cover the gap which it has given days earlier. Stock may take support at 1150 or below that and you can place Stoploss at 1146
