Thirumalai Chemicals: Has formed a nice Cup& saucer pattern in weekly chart after a reasonable consolidation.The pattern suggests a move to 300+ if holds above 270(For educational purpose only)
ADANI POWER: Positive DEMA golden Crossover indicates a move to 580.if it holds at 580 levels the likely double bottom pattern breakout suggests a move to 600+(for educational purpose only)
BNIFTY : Is placed in between its immediate support and resistance levels.For me its a buy above 47150 and sell below 43800 on 15/30 min basis(For educational purpose only)
ABB-EMA Cross over in daily chart with strong vol suggests a positional target of 5000+
RKEC PROJECTS: Trading at around 93 and has formed a nice triple bottom pattern in the long term weekly chart. It s also at the verge of bouncing from the channel at 93. In the event of the stock holding at 90+ levels ,Triple bottom & channel breakout suggests a move towards 100+
BNIFTY :BNIFTY which gave a closer at around 46000 levels, seems got struck between its immediate support of 44800 and resistance of 46350. Sustaining above 46350 would make an attempt at 46780 followed by 47000+ and ultimately towards a positional target of 48000+. Whereas drifting below 45800 on a closing basis likely to test 45000. No trade from my end till it...
WOCKPHARMA:Has formed a nice double bottom pattern in long term monthly chart.DEMA Positive cross over in monthly chart suggests a positional TGT of 750+(For educational purpose only)
TATA COMM:trading at its trend line b/out levels.sustaining above 1760 likely to test 1780/1800 (For educational purpose only)
GIFT NIFTY :Chart pattern gives a scary pic on the way ahead.Below 21500 see the next major support coming at 21100 levels.need to be more cautious and watchful.(for educational purpose only)
NIFTY:Gave a close at around 21600 levels which is just above its trend line support in daily chart.Major support for NIFTY lies between 21140-21300.Close below these levels might trigger a free fall towards20500 levels nd below. Will go long only when it holds above 21800 on a closing basis(For educational purpose only)
BNIFTY: Closed at around 44800 just above its 200 DEMA.BNIFTY has multiple resistance levels beginning from 45000-48000 whereas 44400 on a closing basis remains its major support. As per the chart pattern if BNIFTY gives a closing below 44400 expect a further 1000-1500 point fall. I will go long in BNIFTY only when it gives a close above 46000+(For educational...
MFSL:10DEMA Golden cross over against 20/50/100DEMA in long term daily chart .suggests a possible move towards 1000-1025(for educational purpose only)
BNIFTY: DEMA positive Cross over in hrly chart indicates a possible move towards 45300.need to see whether it sustains 46k(For educational purpose only)
M&M Finance : After a brief consolidation showing signs of reversal.Double bottom pattern formation ,Positive DEMA crossover in daily chart suggests a possible move towards 300+(on sustaining 290 levels).Its for educational purpose only
NIFTY:21812 likely to act as a stiff resistance zone.If sustains above 21800,NIFTY has an unfinished business to fill the bullish gap extending upto 21965.Hence 21812 followed by 21965 seems to be the next resistance zone on its march past 22000-22100 levels.(For educational purpose only)
BNIFTY: 46250-500 is a resistance zone.If holds above 46500 expect a move towards 47k(for educational purpose only)
BNIFTY:started its downfall from ahigh of 48400+ to the present levels of 44500 shedding almost 4000 points in the process.As of now BNIFTY has 44400-500 its 200DEMA as a major support. Close below its 200DEMA likely to trigger further fall towards 43500. Immediate resistance lies at 45200 followed by45500.sustaining above 45500 decisively shall attempt a rally...
BNIFTY :Has filled all the bearish gap on its down fall journey towards its 200DEMA Support of 444500.As 200DEMA being a major crucial support if it does not reverse at this level, seems more fall is on the cards towards 44000 and below .trade with caution(Meant for only educational purpose)