Targets : 3765-4073 Buy range : 3565-3580 Stoploss : 3335 Duration : 4-5 weeks
Looking at the Daily chart, stock has seen tremendous rally from the bottom of around Rs 2772.85 (December 23,, 2016) and rallied till Rs 3799.50 (May 15, 2017).
Subsequently, the bullish momentum got cooled off and stock gradually corrected till Rs...
Targets : 2915-3070-3235 Buy range : 2530-2550 Stoploss : Below 2250 Duration : 4-5 months
Looking at the weekly chart, stock has seen tremendous rally from the bottom of around 2255 (April 17. 2017) and rallied till 2637 hitting a 6 month’s high.
Presently, the stock price has staged an upside breakout of the weekly consolidation around...
Targets : 104-108 / Higher Buy range : 88-91 Stoploss : Below 79 Duration : 3-4 weeks
After showing a sharp downward correction over the last 5-6 months, The Ashok leyland has shifted into consolidation over the last few weeks, as per weekly timeframe.Share has hit one month high on 26-May-17.
Presently, the stock price has staged...
Targets : 399-378 Sell range : 427-420 Stoploss : 452 Duration : 3-4 weeks
The attached daily timeframe chart of this Oil drilling & Exploration sector participant (PETRONET LNG) is indicating a beginning of a sharp weakness in the stock price.
The stock has hit 52 Week high on 22-May-17, this gradual upmove of the last 4-5 months...
Targets: 639-616 Sell range : 683-673 Stoploss : 709 Duration : 3-4 weeks
Rationale : :
Attached Daily timeframe chart of The Ramco Cements is indicating a bearish trend reversal, as the stock price has given a negative breakout from an upward sloping channel, with sudden rise in volumes.
The attempt to move up in the last couple of months have...
Targets :1317-1305 Sell range : Below 1395 Stoploss : 1450 Duration : 4-5 weeks
The attached daily timeframe chart of this Private Sector-Bank participant (Indusind Bank) is indicating a beginning of a sharp weakness in the stock price.
The gradual upmove of the last 5-6 months seems to have completed, as the stock price has started...
Targets : 320-305 Sell range : 351-359 Stoploss : 375 Duration : 3-4 weeks
The attached daily timeframe chart of this Public Sector-Bank participant (Indian Bank) is indicating a beginning of a sharp weakness in the stock price, which is trading within 6.0% of Two Year High of 365.0 touched on 16-May-17.
The gradual upmove of the...
Targets : 980-865 Sell range : 1060-1050 Stoploss : 1120 Duration : 4-5 weeks
The attached daily timeframe chart of BHARATFORG has been steadily moving up over the last many weeks.
After posting 52-week highs of 1175.80 (Touched on 03rd May 2017), stock has been continuously making lower tops and lower bottoms.
This week, the stock...
Matter to watch a weekly close above 3020, will push the metal index to 3131 to confirm a harmonic setup of "Bearish Shark Pattern"
Below 2980 can slide upto 2845-2710
3131 >>>>>>> correction till 3014-2916
CROSS ABOVE 3131 ON WEEKLY BASIS >> 3212-3290 INTACT
Targets : 549-535 Sell range : 635-625 Stoploss : 651 Duration : 3-4 weeks
Daily chart of this Pharma stock (Aurobindo Pharma Ltd) is showing a sharp down trended move over the last couple of weeks.
The stock price has witnessed a downside breakout of the triangle like pattern on 21st Apr 2017(red converging lines) and slided further...
Targets : 2520-2717 Buy range : 2395-2410 Stoploss : 2300 Duration : 2-3 months
Attached daily timeframe chart of this IT stock (TCS) is indicating a sharp up move for the near term.
The stock price moved above the hurdle of down sloping trend line (red line at Rs.2400) and closed above it at Rs 2432
We observe positive sequence of...