UDAYKUMAR INFRA-Flag pattern break out likely expect it to test 40+ prefer to hold it for short term
CYBERTECH:Signs of Cup&Saucer/Flag pattern break out.fall in price not supported by fall in volume suggests the stock is likely to rebound and neckline break out at 160+levels liley to test 180-positional (For educational purpose only)
ITC:Shall keep in the watch list.Holding above 455 and a break out at this levels likely Double bottom or W-Pattren break out and suggests 475+positional Target
Bank Nifty -Showing lot of indecisiveness with 3 weak candle formation in the latest 3 days and barely holding onto its 100 DEMA.bnifty holding above 44500-800 is very critical. BNIFTY closing above 44800 on closing basis would trigger a rally towards 45000+whereas BNIFTY closing below 43500 would result into formation of Double top/M -Bearish pattern and if...
HEMIPROP: Formed Double bottom in weekly chart. after consolidation shows spurt in volume and is likely to give a neckline break out at 125 levels.if sustains likely to test 145 (positional) (For Educational purpose only)
UNITED SPIRITS-After a reasonable consolidation shows signs of bounce bk.1040 -1060 seems to be the next level
NMDC: Likely IHS Pattern breakout.150 Neck line break out point and sustaining above 150 as per the IHS Pattern the tgt would be 170+. (For educational purpose only)
NIFTY LEVELS:Nifty faces immediate resistance at 19850 followed by 19965 .These levels remain as the option resistance also. Trading above 19850 likely to trigger a break out towards 19950 . NIFTY also has an unfinished business above 19965-20150-BULLISH GAP REMAINS TO BE FILLED. 19750 remains as the immediate major and 19524 would remain as the major support. For...
BHARTI ARTL:after a brief consolidation there has been a sharp pull bk with volume,in the process formed C&S B/Out,as per the pattren if holds todays high likely to breach 1000+ (for educational purpose only)
DOW JONES: Rounding bottom suggests another 200+ point move.really it puzzles me as both Crude and DOW Jones indicates signs of a breakout? Its to be seen which cues the major indices takes-im a bit confused as both DOW Jones & Crude showing signs of a break out......
NIFTY: Last 3 days formed DOJis with small body and it shows indecisiveness in the market. For NIFTY to take a direction either it should hold above 19664-750 doe a bullish march towards 20000 or a close below 19200 would drag it down to 19000 and below 19000 on a closing basis would trigger a huge sell off towards 18800.Huge Put unwinding at 19600 and call...
NIFTY-Close above its 10EMA of 19624 at 19689 suggests its next move towards 19770-850 Cluster.if sustains todays momentum seems 19980 is on the cards. (For Educational purpose only)
GIPL-Rounding bottom breakout likely to test 160+ and a decent bounce back from its support zone suggests much steam is left
CUB -After a brief consolidation, RSI Above 50 indicates uPside in the coming days. Would have TGT 1 as 135 TGT 2:145 and shortem TGT of 165
CRUDE OIL: Bullish pattern in crude oil ,likely rounding bottom pattern,Sharp reversal in RSI Stochastic indicates possibility FOR a break out towards 9500(MCX Crude).Crude holding above does not augur well for the market sentiments. (View iir for educational purpose only)
NIFTY PVT LTD:Close above 23100 likely to trigger a rally towards 23700/800 on the flip side Close Below 22700 likely to trigger a fall towards 22500/22200
GODREJ INDUSTRIES-Inv.Head &Shoulder in monthly chart ,NECKLINE B/OUT AT 671 indicates potential upside upto 850,really do not understand whats behind such a strong indication
NIFTY: Close above 19764 likely to take it to 20000 Band and will act as the maimmediate major resistance. Nifty :Close below 19200 likely to lead huge sell off and might drift to 18600-700 levels