ELECTRONICS MART INDIA(EMIL): Even in the weak market it shows potential.If holds above 160 likely rounding bottom break out towards 170-+ (For educational purpose only)
SPANDANA SPHORTY FINANCE: Channel break out with volume,EMA Golden cross over indicates a stronger further upside.As per the pattern it is likely to test 900+ (For Educational purpose only)
SADHANA NITRO: Consolidated from 90 to 80 levels and in the process formed double bottom . The stock stands at its neckline break out levels. Double bottom and surge in stock price is an indication that the stock after a prolonged consolidation phase is gaining momentum and the surge In volume suggests a likely neck line breakout towards 100
Muthoot Finanace:Seems rounding bottom break out is on the cards.EMA Golden cross over also adds up to the belief to go long for 1330 TGT (For educational purpose only)
AUROPHARMA:After consolidation showing signs of reversal.Double bottom pattern in 30M Time frame chart indicates a breakout above neckline 1667 towards 680 (For educational purpose only)
RELIANCE INDUSTRIES:Market heavy weight announced its Q2 Results. How the chart is placed ? Reliance formed a weak Flag pattern in daily chart indicates a possible rally towards 2280 followed by 2300 -where its 200DEMA also lies .Major resistance :2340-60 and breaching the resistance is likely to trigger a big rally towards 2400+. Major support lies at 2220(For...
BANK NIFTY : Lying in between its short term support and resistance levels. Below 42450 has a bearish gap to befilled upto 42300-330.42578/42756 Immediate short term reistance levels.42200-300 immediate support zones. (For educational purpose only)
NIFTY :Closed above previous days high of 19030 levels is a positive sign as for the first time it negated the lower low formation. Is it the right time to go long on NIFTY? Risky traders may consider going long with yesterdays close as SL.But NIFTY entering into 10DEMA Zone of 19300 and close above 19300 is critical for any reversal and may be taken as a...
GEOJIT: Looks bullish for 70+ considering the following : i) 3 White Soldiers formation in long term weekly chart ii) Channel break out with volume iii)10 DEMA Golden Cross over in weekly chart
BLCK BOX LTD-Shows strength and the EMA Golden Cross over suggests more upside is on the cards,sustaining above 220 likely to hit 240-250 band
Looks bullish for 380 as per the range break out pattern
PTC India :After a brief consolidation phase showed signs of reversal. Bullish gap exists between 140-145 ,10 DEMA Cross over suggests PTC will fill the gap and if holds shall test 150 followed by 155 (For Educational purpose only)
BANK NIFTY: Broke all major support levels incl of its 200DEMA at 43267. BANK NIFTY also formed a double top with neckline support at 43400 which is a bearish pattern in daily chart. On 23rd Oct it broke neckline support and as per Double Top chart the down fall target is equivalent to the depth of the pattern which is almost 2000 points. Next major support lies...
NIFTY: Formed a typical Head &Shoulders pattern with neckline support at 19200 and is a bearish pattern. If NIFTY fails to hold on above 19200-250 on a closing basis,as per the H&S Pattern the next support and TGT lies at 18300.Market likely to witness ell on rise till it starts trading above 19500 levels.(For educational purpose only)
NIFTY :Made a weak attempt towards 19600 but could not suceed. In the process formed a doji . Worrying part is it closed below its 50DEMA of 19602 . If NIFTY fails to hold above 19600 seems more fall towards its 100DEMA of 19300 is likely. 19600/670/19740 would act as the resistance levels. (For Educational purpose only)
MCX GOLD:Looks bullish,EMA Golden crossover,likely flag pattern all indicates a breakout towards 60000-60300 (For Educational purpose only)
ANJALI PORTLAND CEMENT: Trendline breakout and the Price volume action suggests a bullish move in Anjali Portland cement.Golden EMA Cross over in daily chart also suggests a move towards a positional Target of 230+(For educational purpose only)
ALEMBIC LTD-EMA -Golden crossover in daily long term chart suggests 85 followed by 90+ Target(For Educational purpose only)