CSB68

CSB68 Updated 

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...

CSB68

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)

CSB68

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...

CSB68

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

CSB68 Updated 

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

CSB68 Updated 

Looks bullish for 380 as per the range break out pattern

CSB68

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)

CSB68 Updated 

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...

CSB68 Updated 

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)

CSB68 Updated 

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)

CSB68 Updated 

MCX GOLD:Looks bullish,EMA Golden crossover,likely flag pattern all indicates a breakout towards 60000-60300 (For Educational purpose only)

CSB68

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)

CSB68 Updated 

ALEMBIC LTD-EMA -Golden crossover in daily long term chart suggests 85 followed by 90+ Target(For Educational purpose only)

CSB68

NIFTY :Today violated its 20DEMA @10698 with its 50DEMA falling at 19604 alone to defend it. Below 19604 on closng basis likely to trigger more fall towards 19300-400 levels. 19314 its 200DEMA is likely to act as the major support. If NIFTY manages to close above 19700 EXPECT A reversal and bounce back.I carry negative bias and expect sell on rise till it holds...

CSB68

TATA MOTORS- Likely C&S Pattern break out above the neckline at 670.if holds above 670 likely to test 685 as per the breakout pattern. (For educational purpose only)

CSB68 Updated 

PC Jewelers-A Much beaten stock showing strength and legs to move up by another 10%-15% towards 40 from its current levels. As i strictly follow technical analysis alone really not aware on whats happening fundamentally for the turn around. I beleive Technical analysis discounts everything and any fundamentally good or bad things happening its captured by Price...

CSB68

RICO AUTO-Above 92 exists a bullish gap which remains to be filled.If holds above 92 on closing basis likely to fill the gap (Foe educational purpose only)

CSB68

BANK NIFTY:Violated all EMA i.e.10,20,50,100 with 200EMA alone to defend.I will think about long onlyif it holds atleast above 44282-100EMA