DEVERAMA

DEVERAMA

This is weekly chart of DIVISLAB on NSE with CMP @ 1477.80. It seems to be an excellent scrip for long term investment based on following observations: 1. Price was trading in a channel as shown on the chart since June 2011 unless it broke down in Dec 2016. Price once again has entered the channel after deep corrections. 2. Price has broken previous high made in...

DEVERAMA

This is weekly chart of PVR with CMP @ 1404.80. This scrip is looking good for long term investment because of following observations: 1. Price has been following a trend with multiple support on trendline drawn on the chart since July 2012. 2. Counter trendline has been drawn as shown on the chart. However, counter trendline has not been decisively broken but...

DEVERAMA

This is daily chart of ICICIBANK on NSE (INDIA) with CMP @ 353.10. It looks a good scrip for long trade based on following observations: 1. Price is continuously rising after taking support at around 257 which is marked as MAJOR SUPPORT as price has taken multiple supports near this price. 2. Counter trendline has been drawn on the chart which was decisively...

DEVERAMA

This is weekly chart of INFOSYS on NSE (INDIA) with CMP @ 663.70. It seems to be an excellent opportunity for a long positional trade based on following observations: 1. A horizonal line on chart acted as stiff resistance during 18th April 2016 to 6th June 2016, has now turned into support as shown on the chart. 2. Support line as mentioned in the preceding...

DEVERAMA

This is weekly chart of MARUTI on NSE (INDIA) with CMP @ 7165. It seems to be a good investment opportunity in this scrip based on following observations: 1. During the week starting 10th July 2017, there was sharp fall in the price and then immediate recovery in the same week. It entails that huge demand surfaced in the week. Again the same level has been tested...

DEVERAMA

This is weekly chart of PFC on NSE (INDIA) with CMP @ 94.75. It looks a good long trade based on observations as illustrated below: 1. Please refer the support line drawn on the chart which acted as strong support at multiple times (tested on 8th Feb 2016, 25th April 2016 & 16th July 2018). 2. Please refer strong resistance line drawn on the chart from where...

DEVERAMA

This is daily chart of MRF on NSE (INDIA) which is trading at 66550. It seems to be good scrip for positional long trade based on following observations: 1. Support zone has been marked on the chart indicating multiple supports /resistances using arrows. Now, the price has come out of this support zone decisively on 2nd Nov 2018 and thus top fibre of support...

DEVERAMA

This is daily chart of KOTAKBANK (CMP : 1132.15) on NSE (INDIA). In my opinion, it's a good opportunity for a long trade. Opinion is based on following observations on the chart: 1. Support zone has been marked on the chart which is indicated by multiple supports/resistances using arrows. 2. Trendline drawn on the chart has been tested several times (marked by...

DEVERAMA

This is weekly chart of TVS MOTOR (CMP @ 553.45) which looks good for a long trade based on following observations: 1. A trendline has been drawn which has been tested for its reliability many a times as established support as shown on the chart. This established trendline once again was tested on 8th Oct 2018 which also coincides with key retracement level of...

DEVERAMA

This is weekly chart of WIPRO on NSE (INDIA) quoting/CMP at 318.55. It looks a good long trade with minimum risk based on following observations: 1. Near term resistance and support has been drawn where it is consolidating. It is emphasized that support drawn on the chart is coinciding with 23.6% retracement level and also EMA20. It has tested EMA20 on 22nd Oct...

DEVERAMA

This is weekly chart of PFC on NSE (INDIA) trading at CMP of 93.65. It looks an excellent investment idea based on price behaviour as illustrated below: 1. Price is trading in range (70 - 160) since Feb 2014. Upper and lower range have been drawn on the chart indicating various supports and resistances using arrows. 2. Activity in the scrip can be witnessed...

DEVERAMA

This is monthly chart of YESBANK on NSE (INDIA) which looks good for an investment. Opinion has been formed based on following observations : 1. A horizontal line has been drawn on the chart which acted as resistance during JAN 2015 to MARCH 2016 which turned into key support during recent fall in prise. Finally, the said resistance was broken in April 2016 and...

DEVERAMA

This is weekly chart of Auropharma with CMP @ 781.40. It looks an excellent investment idea based on following observations: 1. Price during Feb 2015 to Aug 2018 (after massive bull run from Aug 2013 to December 2015) was trading in a range which is shown on the chart by drawing support and counter trendline with arrows indicating multiple supports and...

DEVERAMA

This is weekly chart of LT on NSE (INDIA) with CMP @ 1295. It looks good for a long trade based on following observations: 1. Trendline drawn indicates that it has been tested thrice which establishes as strong support (shown with arrows on chart). 2. Similar formation in previous occasion in Jan 2017 as marked on the chart that it's likely to behave in similar...

DEVERAMA

This is weekly chart of ATUL on NSE (INDIA) which looks an excellent investment idea based on following observation: 1. It is up trending scrip which is quite obvious by looking at chart. CMP is 3304.65) 2. Two trendlines have been drawn which have been tested many a times exhibiting multiple supports (shown by arrows) 3. Dividend has been paid in July 2018 (Rs...

DEVERAMA

This is weekly chart of TATAELXSI on NSE (INDIA). It looks good for a long trade based on following justification (CMP @1036.65): 1. Refer the trendline drawn on the chart which has been tested thrice shown by arrows which establishes it as good trending support. 2. Prior to rising this week, it has consolidated for two weeks. Also a bull horns may also be...

DEVERAMA

This is daily chart of ESCORTS on NSE (INDIA). After substantial fall in price from 1017 to 541, it is showing reversal and could be a good long trade based on following observations: 1. It is reversing after testing key supports which are shown by arrows on the chart. It is a kind of triple bottom. 2. OI built is also observed in futures contract of current...

DEVERAMA

This is the daily chart of RECLTD on NSE (INDIA). It looks good opportunity to go in for long position. Following observations have been made in forming the mentioned opinion for long position: 1. Price failed to make new low while retracing during 31st Aug 2018 to 28th Sep 2018 2. After retracing as mentioned in the preceding point, it reversed after testing key...