BHUMIT-ARQ

BHUMIT-ARQ

Rationale : The attached daily timeframe chart of Mahindra & Mahindra Ltd has been steadily moving up over the last many weeks. We observe a formation of positive sequence of higher tops and bottoms in the last few months and the stock price is now moving up, to form a new higher top of the sequence. The gradual upmove of the last 4-5 months seems to have...

BHUMIT-ARQ

Targets : 192-185 Sell range : Below 225 Stoploss : 251 Duration : 3-4 weeks Outlook : Attached Daily chart of (CROMPTON) a participant from sector Electricals products, is showing a bearish momentum as per western technicals, Heikin Ashi chart analysis and momentum indicators. Recently, the stock prices have staged a breakdown from lower...

BHUMIT-ARQ

Sell BELOW 413 Targets : 385-371 Stoploss : Just above 435

BHUMIT-ARQ

Targets : 384 Sell range : Below 408 Stoploss : 439 Duration : 3-4 weeks Daily timeframe chart of this stock (CASTROLIND) has been in a sharp down trended move over the last few sessions.. Presently, the stock has witnessed a breakout of an “Inverted Bearish Flag” pattern on the daily charts with surge in volumes. After a sharp downside...

BHUMIT-ARQ

Targets : 265-275 / Higher Buy range : 245-250 Stoploss : 224 Duration : 3-4 weeks Outlook : The stock price as per daily timeframe has been moving in a consolidating sideways range over last few weeks and has been moving consistently making similar tops and higher bottoms (black converging lines). After showing such decline of the last few...

BHUMIT-ARQ

Monthly Close above 230, would validate higher Targets 400 / higher Remain in "BUY"

BHUMIT-ARQ Updated 

Targets : 196 / Below Stoploss : Just Above 240 Duration : 15-20 Trading sessions

BHUMIT-ARQ Updated 

Almost near tgts of 950, NO CHANCE TO SELL

BHUMIT-ARQ

Trade with Caution !! Crucial level : 9690-9700 Below 9513 Targets : 9420-9371

BHUMIT-ARQ

Targets : 3765-4073 Buy range : 3565-3580 Stoploss : 3335 Duration : 4-5 weeks Outlook : 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...

BHUMIT-ARQ

Buy Range : 170-175 Targets : 184-196 Stoploss : Just below 163

BHUMIT-ARQ Updated 

Targets : 2520-2717 Buy range : 2395-2410 Stoploss : 2300 Duration : 2-3 months Outlook : 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...

BHUMIT-ARQ Updated 

Targets : 980-865 Sell range : 1060-1050 Stoploss : 1120 Duration : 4-5 weeks Rationale : 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...

BHUMIT-ARQ Updated 

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

BHUMIT-ARQ

Targets : 155-163 Buy Range : 131-136 Stoploss : Below 125 Duration : 3-4 weeks

BHUMIT-ARQ

BUY & ACCUMULATE on dips Target : 664-785 Stoploss : Below 340

BHUMIT-ARQ

Targets : 104-108 / Higher Buy range : 88-91 Stoploss : Below 79 Duration : 3-4 weeks Synopsis : 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...

BHUMIT-ARQ Updated 

Targets :1317-1305 Sell range : Below 1395 Stoploss : 1450 Duration : 4-5 weeks Rationale : 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...