Sunandamedi

GRANULES MAY GO DOWN TO 102 AT THE LEAST. LOOK AT THE HIGH DELIVERY PERCENTAGES OF 55%+ EVERY DAY. THIS INDICATES SOME BIG ONE IS ACCUMULATING AT THESE LEVELS. IT IS A PRACTICE BY THEM TO ACQUIRE AT LOWER LEVELS AND THEY SEE IT THAT ALWAYS THE PRICE GOES DOWN TILL THEIR REQUIREMENT IS MET. THIS ENSURES THAT WEEK HANDS GIVES AWAY AND MORE SHARES ARE AVAILABLE...

BATA, AS PREDICTED IN MY EARLIER POST, REACHED 1314. AGAIN IT HAS RISEN TO 1404 FORMING RIGHT SHOULDER. TO COMPLETE THE FORMATION, THE PRICE IS EXPECTED TO REACH 1314, ONE MORE TIME. PLACE STOP LOSS @ 1422.

PC JEWELERS IS TAKING SUPPORT @ 106 LVL (50% FIB LEVEL OF THE EARLIER RISE). IF IT FALLS FURTHER, THEN IT MAY REACH 92. FROM THE CHART IT APPEARS THAT PC WILL GO TO 160. IF IT CLOSES ABOVE 163, THEN NEXT TARGETS ARE 204 AND 237. FROM THE INVESTMENT PERSPECTIVE, PCJ CHART APPEARS TO BE QUITE ATTRACTIVE.

PLEASE SEE THE CHART FOR TRADING LEVELS.

DR REDDY SEEMS TO BE HEADING FOR 2379 LEVELS. REASON? SELL SIGNAL OBTAINED AT 2800 AND SINCE THEN PRICES ARE GOING DOWN. OTHER INDICATOR INDICATES THAT INVESTORS HAVE MOVED OUT. NATURALLY, THE PRICE TENDS TO GO DOWN. LET US SEE THE REASON TO COME OUT. STOP LOSS - 2693.

WEEKLY CHART OF YES BANK SHOWS A GRIM PICTURE. THE FUTURE LEVELS SEEN ARE : 121 & 82. WHAT COULD BE THE REASON? FROM WHERE WILL THE BOUNCE BACK HAPPEN?

FOR TOMORROW, FROM THE WEEKLY CHARTS, THE TRADING RANGE APPEARS TO BE : LOWER SIDE - 11406 HIGHER SIDE - 11944. THIS IS BECAUSE OF THE DOJI IN THE DAY CHART WITH HIGH OF 11800 AND LOW OF 11700, TODAY.

MARICO IS IN UPWARD MOTION WITH TARGETS OF 381 & 392. MAINTAIN STOP LOSS @ 354. THE UPTREND IS CONFIRMED WHEN THE PRICE BREAKS THROUGH THE 370 LVL.

V GUARD HAD TAKEN SUPPORT @ FIB 62% LEVEL. NEXT LEVEL EXPECTED IS 218. IF IT CROSSES 216 THEN 230 IS THE POSSIBILITY. STOP LOSS TO BE TODAY'S REVERSAL PRICE @ 198.

ARE THE RESULTS GOOD? CANARA BANK HAD RECEIVED SUPPORT AT 260 AND STARTED MOVING UP. ONCE IT CLEARS THE 271.5 LEVEL, THE TARGET CAN BE KEPT AS 277. STOP LOSS IS 260.

SBIN WITH THE IMPROVED RESULTS CAN MOVE UP TO 315 AND 321. MAINTAIN STOP LOSS @ 300

IF TODAY'S BOUNCE BACK IS REAL, THEN 177 OR 184 IS THE NEXT TARGET. WHICH ONE WILL IT BE? REASON? I SHALL POST IT BY WEEKEND. LONG TERM - ONE MORE TIME 245 POSSIBLE?? STOP LOSS - TODAY LOW - 156.5.

AS PER MY APRIL 27TH REVIEW, COLPAL CAME UP TO 1150. THE DRAGONFLY DOJI SHALL MAKE THE PRICE TO GO UP TO 1166 AND 1231. PLACE STOP LOSS AT TODAY'S LOW.

AS PER MY ANALYSIS FROM ICHIMOKU & GUPPY ANALYSIS, TRADERS APPEARS TO BE MOVED OUT OF TITAN. MAX IT CAN MOVE TO A HIGH OF 1116. TITAN TO MOVE DOWN TO LEVELS OF 1065 & 1015 IN THE COMING DAYS.

IF ONE HAD PURCHASED, THEN, FROM THE CHARTS, THE EXIT LEVELS MAY BE PLACED AT 157 AND 164. LET THE CLOUDS GET CLEAR, EVALUATE FUNDAMENTAL ASPECTS OF THE COMPANY BEFORE GOING LONG. WAIT FOR NOW.

HOURLY CHART INDICATES THAT YES IS MOVING IN A RANGE BETWEEN 173 AND 177. ONCE IT CLOSES BELOW 173, THEN EXPECT THE TARGETS AT 166 AND 159. WEEKLY CHARTS ALSO INDICATE THE SAME.

TATA STEEL TO TOUCH 535 LVL. EXPERIENCING MULTIPLE RESISTANCES AT 560. RECENT CLOSE IS LESS THAN THE LOW OF THE "DOJI" FORMED THE PRIOR DAY (02ND MAY). SUPPORT IS AT 535. MAINTAIN STOP LOSS.

HOURLY CHART SHOWS TRADING IS IN BETWEEN 11664 - 11800. THE TRADING HOUR FROM 1:15 - 2:15, SAW SELLING AND THE SUPPORT LINE WAS BREACHED. THE LAST TRADING HOUR RESULTED IN A "GRAVE STONE DOJI" IN THE CLOUD. IT GOT SUPPORT AT 11,704 LEVEL. THERE IS A VERY THIN CLOUD INDICATING THAT IF IT BREACHES 11696, THE SENTIMENT BECOMES BEARISH.