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Eicher Motors Buy with SL of 21,297. Explained on chart.

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South Indian Bank, Inverted Cup & Handle pattern forming. Short can be initiated for target of Rs.20.20. SL of 25.

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As explained on chart, we can see some support at 325. Target at 340, long-term reversal can also be gauged depending on how support plays out.

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MONTHLY IF NIFTY SHUTS BELOW 10545, IT WILL FORM A BEARISH ENGULFING PATTERN, HISTORICALLY ON LONGTERM CHARTS ALL BEARISH ENGULFING PATTERNS HAVE BEEN SUCCESSFUL. BEWARE OF ALL POSTIONS. IF NIFTY SHUTS ABOVE 10650 WE ARE IN SAFE ZONE.

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on weekly chart SIB looks good for trade @ 25 providing good support, at downside risk of 20 it could be a good bet for long term investors, providing a 1:2 Risk to Return from its 52 week high.

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IT HAS TAKEN SUPPORT ON THE BASE LINE OF THE TRIANGLE AND COULD INCH TO MOVE TOWARDS THE UPPER LINE. ALL INDICATORS SUCH AS CCI, MACD AND RSI ARE ON OVERSOLD ZONES AND A TECHNICAL PULLBACK FROM HERE COULD INCH IT TOWARDS 410 LEVELS AND A BREAKOUT FROM THE TRIANGLE CAN SHOW US A NEW RANGE.

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AS WE CAN ALSO SEE AN UPWARD CONVERGENCE ON CCI & MACD HISTOGRAM WITH SHORT HAND ABOVE LINE ZERO & UPWARD CONVERGENCE ON RSI. THIS WILL GIVE A MOMENTUM UPWARDS. *BE CAUTIOUS BEFORE TAKING ANY BIG TRADE AS ALL OSCILLATORS SHOWING OVER HEATED. USE STRICT SL OF 10690 FOR ANY TRADE.

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AS PER THE CHART, WE NOTICE THAT NIFTY IS AT AN UPTREND SINCE 2003, AFTER ACCOUNTING THE 2008 CRASH. IF WE LOOK AT THE MOVE FROM EVERY SUPPORT TO EVERY RESISTANCE, THE NIFTY HAS MOVED IN THE RANGE OF 5000 (2003-2007) & 6000 (2009-2015) POINTS. AT CURRENT LEVELS NIFTY IS TAKING RESISTANCE AT ITS TREND-LINE. IF WE ACCOUNT FOR A SMALL CORRECTION, FROM THE PREVIOUS...

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AS WE CAN SEE IT HAS CREATED AN ENGULFING PATTERN IN THE DAILY CHART, CONFIRMING WITH HIGH VOLUME & CII, RSI CONVERGING DOWNWARDS FROM THEIR HIGH POINTS. HAVE A CORRECTIVE OUTLOOK TILL LEVELS OF 31.30-30.5

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ICIL HAS COMPLTETED A REVERSE CUP AND SAUCER PATTERN. ON INDICATOR LEVELS OF DAILY CHART, THE RSI IS AT OVERSOLD LEVELS, THE MACD IS CHANGING TREND, AND CCI INDICATOR HAS CROSSED ABOVE THE -100 LINE. IT CAN GIVE A TECHNICAL PULLBACK. ON THE MONTHLY CHART IT IS HOVERING AROUND THE -100 LEVELS ON THE CCI, A CROSS ABOVE THAT WILL INITIATE A HUGE RALLY IN THE COMING...

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BUY ON ALL INDICATORS.

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TATAMOTORS IS IN A TRIANGLE CONSOLIDATION ZONE. IT HAS BEEN A WONDERFUL FUNDAMENTAL PICK WITH ALL POSITIVES. ON TECHNICAL LEVELS, ONE CAN ACCUMULATE TILL LOWS OF 390 AND WAIT. ON MACD THE TRENDLINE WILL MOVE ABOVE THE SIGNAL LINE AND ON CCI INDICATION IT HAS TAKEN SUPPORT ON THE -100 LINE AS WELL AS RSI ON DAILY SHOWS AROUND OVERSOLD LEVELS.

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BUY ON INDICATORS.

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IT HAS CONFIRMED AN UPMOVE ON ALL INDICATORS BELOW. THE STOCK IS PLAYING IN A CHANNEL, HAS POTENTIAL BUY TILL TARGETS OF 158-163.

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NIFTY COULD TAKE NEXT SUPPORT AT ITS LOWER LOW NEAR 9950. AND LOWER HIGH FROM THERE WOULD BE 10276 AS RESISTANCE.

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ON THE MONTHLY CHART, THE STOCK HAS JUST CROSSED OVER OVER ITS CCI-100 BOTTOM LINE, MACD BLUE LINE CONVERGING FROM BOTTOM SOON TO CROSSOVER ORANGE LINE, RSI BOUNCED FROM 37 MAKING A BOTTOM, AND PRICE OVER ITS 50 SMA & 50 EMA ON MONTHLY CHART. SIGNS OF A TECHNICAL BUY FROM HERE.

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AS EXPLAINED IN CHART, RANGE BREAKOUT EXPECTED, STOCK RALLIED FROM 50EMA (185.09). CLOSE ABOVE 207 COULD INITIATE NEW RALLY

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THE STOCK HAS CLOSED SUCCESSFULLY ABOVE ALL MOVING AVERAGES, MAKING AN UPWARD CHANNEL. AT CMP IT IS A BUY FOR TARGET OF 210. (***Bliss GVS Pharma Ltd's manufacturing facility (Unit-II) situated at Palghar, Maharashtra has successfully completed the re-audit as per EU-GMP guidelines by European authorities. This inspection was completed without any deficiencies.)