We can all agree that Wipro is a fundamentally weak stock in all of frontline Tech stocks. Stock has been moving up following the trend line during corrections making newer highs everytime it corrects. That seems to have paused at 330 which is also a big resistance zone which was also the highs made before 2000 tech bubble burst. Stock may retest the trend line...
HDFCBANK has made a Bearish H&S on daily charts. Wait for a closing below 1915 to sell with targets of 1870 1838 and 1795.
Germany Stock Market Index DAX may be creating a Head and Shoulder pattern at the top. In order to break out and become bullish the Index has to strongly close above the Red line which it has been following for past months. A weekly close below 10850 levels will confirm a bear market in DAX atleast for the near term. Watch out for the contagion effect on our...
Stock has been in a narrowing range after the big decline. Weekly closing on either side may see a huge move.
Buy on a closing above green line...Sell below on closing below the Red line. Im personally bullish on this stock so wait to buy above 785. Targets can be 862 887 A strong closing below the red line may take the stock to 650 levels so watch out.
DLF has confirmed Bearish Head and Shoulder pattern on weekly charts and has closed well below its neckline. Stock is a sell on rallies towards 173 levels. Targets can be 137 116
Buy USDINR at 74.1 Stoploss 73.7 target 74.53
Stock may be creating a bearish head and shoulder at the top after a big rally. Take small risk and sell at 1084 with a closing Stoploss above 1097 Targets are 1068 and 1045
Infosys has been in a rising channel for long time and has stalled the rally for now. Stock is now sideways with the 748 being a resistance and 703 range is a support. Where will it go? OCT 16 earnings will decide the trend for Infosys and other tech stocks
Market seems to be heading for that trend line support. Start investing near 9500 levels.
Sell HCLTECH below 1084 Target 1067 Stoploss 1092
This is a monthly candle chart. Applied Fibonacci levels to 2008 highs and 2009 lows. Dow Jones index tested a crucial Fibonacci level of 2.618 at 26500 in January and failed, looks like its going for a retest now. Observe the RSI divergence below Will it succeed? Depends on lot of Global factors and US elections...
Sell at 580 Stoploss 593 Target 546
This is a weekly chart of ACC. A Bearish Head and Shoulder pattern may be forming on this stock which when confirmed may see levels of 800. Note: Pattern not confirmed yet, wait for a consecutive weekly close below 1240 levels.
This chart looks at US 10 Year Bond Yield over last 30 years. The yield was in a downtrend and in a falling channel for 30 years until now where it broke out above the channel. This may signal a near term top on Equity markets. Purely educational not to be taken as advice
Stock has been following this channel expect this trend to continue over next month until it strongly closes above the channel.
This is a weekly chart of ShriRam transport Finance Limited. As shown above stock has given a bearish Head and Shoulder pattern at all time highs on long term charts which signals the big rally it had may be coming to an end. Sell stock on rallies towards 1180 1220. Positional targets are 940 and 880
Sell below today's low Stoploss 1278 Target 1168 (positional)