ASIAN PAINTS LTD. - POSITIONAL (7 DAYS) BUY BETWEEN - 1570 & 1597 WITH STOPLOSS - 1545 TARGET - 1690 & BEYOND
RELIANCE - POSITIONAL (10 - 15 DAYS) SELL BETWEEN - 1625 & 1575 WITH STOPLOSS - 1675 TARGET - UPTO 1365
DR REDDY - BEARISH TREND ENTRY BETWEEN - 3895 - 3845 STOPLOSS - 3941 TARGET - 3713
TRADE WITH CONFIDENCE. 1 INDICATOR. 1 SYSTEM. EASY RULES. TRADE WAS TAKEN IN 5 MIN TIMEFRAME. ENTRY - 85.3 SL - 83.5 TARGET BOOKED - 5 POINTS
Larsen & Toubro Infotech Ltd. Short term positive bias continues ahead of 100MA: (1666) & (1675) resistances. It is important to keep in mind that the 100MA zone can act as strong resistance for the price. RSI trying to hold 40 as support but until it is able to cross 50 and hold it strongly as support there is less chance for the upside momentum. Short term...
BSE Ltd. is consolidating in an Ascending Triangle pattern in the daily chart. It is likely to see short term breakout above 394 and further momentum to be seen above swing high of 408. RSI is bouncing from mid 50-55 line and if RSI breaks above 62 level on the upside, it may result in positive failure swing in the stock. Probable support in the near term...
Balkrishna Industries Ltd. bounced from 200-day SMA and closed above 50-day SMA with good volumes. If price trades above today's high (935), next resistance is 100-day SMA (993) and (1045) Support is 880 on the Daily chart.
Adani Green Energy Ltd. closed above the resistance level. Technical indicators are bullish. Nearby resistance is swing high 243 & support is 206 on the Daily chart.
Amara Raja Batteries Ltd. is trading in a narrow range. Technical indicators are bullish if the price closes above narrow range (578). Next resistance is 630 and 100 day sma (650). Support is 530 on daily chart.
India Cements Ltd. is consolidating in an INSIDE BAR from Mar' 30th candle and fresh momentum to be seen break either side of the range 96-112. Presently the stock trading right at 50 SMA and likely to see short term bounce until it stays above 96-97 zone. Keep a watch.
Jyothy Labs Ltd. is trading in a narrow and facing resistance from 50 day SMA. Technical indicators are BEARISH. If price trades below narrow range 104; next nearby support is 90 and resistance is 115 on the Daily chart. - The analysis done on the charts is based on current data & my personal observations. All the information presented is for educational...
CRISIL Ltd. is trading on the verge of a breakout in the daily chart. It has been consolidating right above 200 SMA. Likely to see short term breakout above swing high of 1500 level. Technical parameters look positive as of now. Keep a watch.
Indian Energy Exchange Ltd. IS consolidating in a penNant pattern in the hourly chart and likely to stay weak until it stays below 145-147 zone. RSI too facing resistance from 50 levels which suggests probable weakness in the near term. Keep a watch. - The analysis done on the charts is based on current data & my personal observations. All the information...
Nesco Ltd. is trading at the support level and near 52 weeks low whereas technical indicators are sloping downwards if price trades below support level 416 more downside is expected. Keep a watch.
GMM Pfaudler Ltd. is consolidating in a pennant pattern in the daily chart and likely to see short term breakout above swing high of 3650. Technical parameters look very strong and further re-entry into the overbought zone is likely to trigger further momentum breakout in the stock. Keep a watch. - The analysis done on the charts is based on current data & my...
Indraprastha Gas Ltd. is trading within a narrow range and at the resistance level. Technical indicators are bullish if price closes above the resistance level (485); the next resistance is swing high 534 and support is 458 on the daily chart. - The analysis done on the charts is based on current data & my personal observations. All the information presented...
ITC Ltd. closed below short term support level. Technical indicators (RSI and MACD) are bearish and sloping downward. Next nearby support is 143 and resistance is 50 day SMA (177) and Mid Bollinger Band (180) on Daily Chart. During last Market hours: - huge call writing at 160,165,170 strike indicating more weakness - put buying at 150,140 strike also...
RALLIS INDIA - TARGET 251 The company will continues to get support by steady demand prospects for its products in the domestic market, and improving focus on exports. Large scale capex over the medium term is expected to result in better market share and mitigate impact on profitability caused by increasing raw material prices. Thus, it is expected that the...