JK Paper Ltd. - WHEN TO BUY? As of now price showing indecision as per the Doji pattern. It is clearly maintaining weakness and it may extend further down if the price again breaks down (85 - 50% Fib Level) on the lower side. We might see it reaching down to 79 (61.8%) or even 71 (78.6%). You might start buying at 79 and keep adding more quantities on the dips...
PVR LTD. The stock is trading near resistance level & has formed a double top pattern. Technical Indicators are BULLISH. if price trades above the Resistance 892, a breakout is expected. After breakout confirmation, the next resistance is 200-day SMA(934). The nearby Support is 100SMA. However, (AS PER OTHER STUDIES) if the prices are able to break the low of...
Bharti Airtel Ltd. The stock is trying to take support from the breakout area and the stock hasn't violated the important support of 550. RSI too taking support from 55 levels. Time Trend Indicators are BULLISH as well. We may see a bounce from here in the coming days until this level is protected on an hourly closing basis. KEEP AN EYE !! #B+
Escorts Ltd. The stock is trading in a range for 5 days now and is trading near 52 week high. Technical indicators are bullish. Time-Trend is also BULLISH. If price trades above 909-919 Supply Zone, a breakout is expected. After a breakout, confirm the conviction in the BULLISH trend before entering the trade. Place a strict Stoploss. KEEP AN EYE !!
NMDC LTD. The stock has witnessed a breakout from the symmetrical triangle pattern. It is likely to see further strength in the daily chart above the supply zone high of 82.5 levels. RSI suggesting strength since it has breached prior RSI resistance. TE TOOL also generated a BULLISH opportunity. The next resistance in the chart comes at 94 levels (100 SMA)....
CIPLA LTD. The stock has already witnessed breakout from the rectangle pattern in the daily chart and is consolidating right above the support zone. Likely to see a breakout above 655 levels and RSI too supporting the strength in the stock. Time Trend is also BULLISH. However, I am in a dicey situation. Without going into many details. If the prices break the...
Garware Technical Fibres Ltd. The stock closed near the resistance level (1385). Technical indicators are bullish. Time-Trend Indicators are also bullish in Daily, Weekly, and Monthly timeframe. If price closes above the resistance level (1400), the next resistance is 1650 and the support is 200 day SMA(1223) on the daily chart. KEEP AN EYES!! #B+
Hindustan Petroleum Corporation Ltd. Extending the intraday positive bias the price closed around day's high which signifies short-term bullish bias in the price. As of now 186.50 - 188 is SUPPLY ZONE and needed to be considered as an immediate small resistance zone. Breakout and sustainable trading above 188 can inject fresh demand which may pull the stock...
Hexaware Technologies Ltd. The Stock is trading in a narrow range and is trading near support level. Technical indicators are mild bearish. Time-Trend Indicator is BEARISH. If the price closes below support level 231, the next support is 215 and the resistance is 50 day SMA on daily chart. KEEP AN EYE!! #B+
HDFC BANK LTD. The stock broke the Supply Zone (870 - 878) and moved swiftly across 900 price point. It faced resistance from 100 SMA and closed below it. Technical Indicators are Bullish. Time-Trend Indicators are also BULLISH. If the prices break the 100SMA resistance and the next Supply ZONE (913 - 922), the next resistance is 942. KEEP AN EYE!! #B+
Mphasis Ltd. The stock faced resistance from 895 zone and also faced resistance from 200 day SMA in Daily Chart. Technical indicators are bullish. Time-Trend Indicator is also Bullish. If price breaks the 200 day SMA resistance and closes above 900, the next resistance is 957 and the support is 100 day SMA (810) on the daily chart. KEEP AN EYE!! #B+
Jubilant FoodWorks Ltd. The stock closed near the resistance level and closed with an Inside Bar pattern. Technical indicators are bullish. Time-Trend indicator Is BULLISH. If the price trades above the resistance level, the next resistance is 1900, and support is 100 day SMA (1633) on the daily chart. KEEP AN EYE!! #B+
Bajaj Finance Ltd The Stock is trading in a falling wedge pattern and breakout from the pattern may result in breakout in the stock. Moreover, if you see it's RSI, though the price was making a new low, RSI was failing to enter the oversold area which suggested comparative strength in the stock. I am totally BULLISH for the stock. Once it breaks the 2007...
AMARAJABAT is facing resistance from a SUPPLY ZONE (609-617). Once this zone is broken with Volume & conviction, the price will reach 632 in 2-3 Days timeframe. TECHNICAL INDICATORS ARE BULLISH. TIME TREND INDICATOR - BULLISH. Sentiments Buy 96 % Sell 4 % Derivative Option OI Maximum Call @620 (Resistance) Maximum Put @500 (Support) KEEP AN EYE!! #B+
MARUTI SUZUKI IND MARUTI is trading near its resistance in 30 mins chart. Once the prices break 5286 with volume and conviction, the prices might swiftly move to 5366-5396 Supply Zone. Technical Indicators are BULLISH. TIME-TREND Indicator is BULLISH. Sentiments Buy 89 % Sell 11 % Derivative Option OI Maximum Call @5500 (Resistance) Maximum Put @4800 (Support)
JK CEMENTS LTD The stock price is trading with positive bias with increased volume. As of now, the high of today's candle 1178 needs to be considered as immediate resistance. If the prices give a breakout and sustain above 1178, there is a chance to expand underlying positive bias further on the higher side. KEEP AN EYE!! #B+
IPCA Laboratories Limited IPCALAB is trading at the upper Bollinger band, ahead of pennant formation breakout. It is taking a good support from mid-Bollinger Band. Technical Indicators are BULLISH. TIME_TREND indicator is BULLISH. Technically 1660 can consider as an immediate breakout level. KEEP AN EYES!! #B+
Hindalco Industries Ltd. The stock is consolidating in an Ascending Triangle pattern in the daily chart. The prices are likely to see a breakout above the swing high of 132.5. Technical parameters look positive as of now. Time Trend in Daily is also BULLISH. We are likely to see a short term momentum in the stock. Next noticeable resistances are 140, 150 &...