NIFTY 50 , though #RSI is still above 50, the price has broken below the rising wedge, now 10850-10960 is critical support area, prior breakout zone, Mid bollinger, golden ratio pull back of last rise, 200 DMA , a lot o supportive aspects. if Nifty breaks below 10850, 10530 may come quickly, else Nifty may bounce towards 11000-11155 FOR COMPLETE STOCK ANALYSIS,...
#Cement stock ACC Ltd. has a potential Dark Cloud Cover at the edge of the channel , RSI dipped in normal zone , it can have one of those regular pullbacks towards mid bollinger band 1348-1355, if price sustains below Thursday Low 1411 approx. FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP. CONTACT ME!!
Hindustan Unilever Ltd. stock tried to break trend-line twice , but closed above that RSI just dipped below 50 2170 (recent swing low) below which stock may turn bearish sustaining above 2237 it may resume uptrend WAIT FOR THE CONFIRMATION. FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP. CONTACT ME!!
ICICI Bank Ltd. (18.66% weight in NIFTY BANK ) shows mini breakdown RSI below 50, also breached below 45 (recent lows) Below 339 may move towards 328 (61.8% fibo pullback)-310 Above 351 bullishness resumes Future OI highest in 3 months and and 350-400 range seen decent call writing. FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP. CONTACT ME!!
Tata Motors Ltd. beautifully poised inside a triangle, RSI sustaining above 50. if there is a break above 110 and the stock can sustain above it we can see a rally towards 134. On break below 100 stock can move towards 76.
Sun Pharmaceutical Industries Ltd. had breakout from ascending triangle, volume was high but it was result day. 510 was breakout point, is the stock next week sustains above 510, it can move towards a level of 580, RSI very supportive, however below 510-500 upward momentum will be lost. FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP. CONTACT ME!!
Mahindra & Mahindra Ltd. Following the underlying positive bias the stock price maintaining bullish move ahead of 625 resistance. Fresh sustainable move above 625 may add more positive strength for up side momentum. Weakness below 688- 675 (5MA) may halt underlying positive move for coming trading sessions. FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND...
Bharat Heavy Electricals Ltd. Back t6o Back three consecutive bearish trading week halted the prior short term positive momentum. 35 can consider as immediate support, below that 32 - 30 are likely to act at support. On the up side 38 - 40 - 42 are important resistance to maintain. FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP. CONTACT ME!!
IDFC First Bank Ltd. Since past four weeks price consolidating with in a five points range where 24 is support and 29.20 is resistance. Price need to produce breakout from mentioned five points range to unfold fresh bullish / bearish momentum. As of now price maintaining short term consolidation nearby lower side of the down trend. FOR COMPLETE STOCK ANALYSIS,...
Maruti Suzuki India Ltd. Though the stock price produced positive move and closing but unable to breach 6480 resistance in the last trading week. Fresh positive move can increase bullish momentum above 6500 -6520 zone. On the lower side 6100 -6000 - 5930 are important supports. FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP. CONTACT ME!!
Infosys Ltd. The stock price produced sustainable breakout above 925 with low volume. More higher side above 1000 with support by increased volume may help the price to extend positive momentum more on the higher side. 942 - 925- 918 -900 likely to act as support for now. FOR COMPLETE STOCK ANALYSIS, INTRADAY LEVELS AND FOLLOW-UP. CONTACT ME!!
Bajaj Auto Ltd. closes near upper bollinger band. Technical indicators are bullish. If price trades above weekly high 3149 near by resistance is 3315 and if price closes below 2847 near by support is mid bollinger band 2623 on weekly chart.
Indiabulls Housing Finance Ltd. The stock price extended its underlying weakness once started trading below 217.90. Technically Main trend and momentum both are negative and weakness below 179 may extend weakness towards 160 - 150 on the lower side. 198 - 200 zone should consider as immediate resistances for the price presently
HCL Technologies Ltd. Anticipated up move witnessed to increase underlying bullish sense above 663. technical parameters looks strong, Fresh higher side above 720 may achieve more higher price. On the lower side 700- 680 are strong support to keep in mind .
Indian Energy Exchange Ltd. bounced from weekly support zone and likely to stay positive until it stays above 170-175 zone. Technical parameters looks neutral to positive as of now. Probable resistance in the medium term comes at 195-200 zone. Keep a watch.
MOIL Ltd. bouncing from the convergence of 50 SMA and support zone in the weekly chart and likely to stay positive until it stays above 130-135 zone. RSI bounced right from 50 levels which suggests underlying strength in the stock. Probable resistance in the medium term comes at 169 level. Keep a watch.
Birla Corporation Ltd. trading right above the convergence of 50 & 100 SMA and probable support in the short term comes at 560-575 zone. Likely to see further momentum above swing high of 620 and Probable resistance zone in the medium term comes at 655 and 710. Technical parmeters looks neutral to positive as of now. Keep a watch.
JK Paper Ltd. Symmetrical triangle breakdown clearly visible in the weekly time frame. Closing near weekly low increases negative trading sense. More weakness possibilities intact below 93. On the higher side 99 - 100- 102 are immediate resistances.