BharatAsani

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LT gave a good breakout of the trendline & is now on its way back down to retest the trendline. The ideal place to buy will be between 1585-1600 as it is also the retracement into the fib golden zone of its last move up. the recent import duty cuts on raw materials like Iron & levy of export duty on steel products should also be of benefit to the stock.

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Nifty is stuck in a range of 16400-15700 since the past 2 weeks. Yesterday it managed to test the top of the range but failed to give any significant breakout giving a chance for bears to take control again. With so many macro economic pressure's mounting it will be interesting so see how Nifty will react. I believe that the range will continue for the month of...

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Bank nifty is at a very important level. Closing above 36600 will be a positive sign of bulls taking charge whereas closing below 36600 will signify bears are still in firm control.

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Reliance is currently at a major support level, what it does here will be of vital importance. A break of this level can take the stock down significantly whereas a bounce from this level can take it back to 2000 levels. The best strategy will be to wait & watch at these levels & position yourself after it breaks or takes support.

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Details & levels are posted in the chart

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L&T is on the verge of giving a break out, It is currently in a triangle pattern with a major support zone at 1340-46. a Downside break can take it to 1300 levels & an upside break can take it to new highs.

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HDFC is forming a triangle pattern & will soon give a breakout.

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Reliance is going down towards its previous supply zone. We could see a classic reversal of supply zone become a demand zone or could a downward break of supply zone trigger a fresh wave of selling?

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IndusInd bank is taking support at an upward trend line & is near its resistance. If the resistance is broken with good volumes we can see a good up move.

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HPCL is at a major supply zone, the next few days will be crucial

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Bharti Airtel is in a major supply zone, it will be interested to see how it reacts from here.

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Tata power has broken decades old trend line with never before seen volumes. It will be a great investment for the long run.

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HDFC has formed a H&S pattern & the price is currently at the neckline. If the neckline breaks then we can expect a good fall.

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SBI is possibly forming a Bull flag, a break out with volumes will give a good Rs10-12 up move.

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Tata steel is currently in a range, wait for it to break out on either side with volumes.

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L&T is at a confluence of 2 major support, with today's delivery percentage above 50% there is a good chance it is getting ready for a leg up. As long as it holds its support mentioned in the chart it can go to 1380 & 1400 levels.

BharatAsani Pro+

Kotak Mahindra Bank is at crucial levels & is forming a H&S pattern, It can give a good fall if it breaks the neckline.

BharatAsani Pro+

HDFC has broken a good resistance level with good volumes, It can go to new highs very soon.