Sunandamedi

YES BANK IS MOVING IN THE WEDGE FORMATION. THE PRICE IS EXPECTED TO MOVE TO 75. WITH STOP LOSS PLACED AT 58, ONE MAY GO LONG FOR TARGET 75.

AS MENTIONED IN THE PREVIOUS POSTS, THE 15M & HOUR CHART TARGETS ACHIEVED. AT PRESENT, THE CHART HAS A TENDENCY TO GO UP TO 71.35 FROM THE PRESENT LEVEL. PLACE STOP LOSS AT YOUR COMFORT LEVEL.

BN HAD FORMED DOUBLE BOTTOM AT 27050 LVL. AS THERE IS A CLAMP IN THE KUMO, THE INDEX IS EXPECTED TO BOUNCE BACK TO 28000 LVL. BUT, OTHER PARAMETERS INDICATE A FALL. IF 27000 IS BREACHED , THEN DOWN SIDE TARGET CAN BE PLACED AT 26700.

NIFTY 50 HAS A DOUBLE BOTTOM ON THE SUCCESSIVE TWO DAYS AT 10800 LVL. IF THIS IS BROKEN, THEN IT MAY GO TO 10650 LVL. IF IT BOUNCES BACK, THEN 11000 IS THE TARGET ON THE HIGHER SIDE. WAIT FOR CLEAR DIRECTION.

HLL IS NEAR THE 50% RETRACEMENT LEVEL AT 1800. THE SCRIP PRICE SHOULD BE ABLE TO CROSS PREVIOUS HIGH AND REACH NEW HIGH AT 2000. THE DELIVERY HAD INCREASED TO 12 L FROM AN AVG OF 9 L OVER THE LAST WEEK WHEN THE PRICES WERE DECREASING. THE DELIVERY % STANDS AT 55%. IF IT GOES DOWN TO 1773 ONE MAY ENTER FOR GOOD GAINS AT BARGAIN PRICE.

NIFTY INDEX IS NEAR THE NECK LINE PLACED AT 11113 (TARGET AS POSTED EARLIER). IF IT CROSSES 11113, THEN 11300 IS THE TARGET. WILL FM'S RELIEF MEASURES WORK UPSIDE (OR) ALTICO ISSUE ON BANKS WORK DOWN SIDE??

"W" SHAPE FORMED AT THE LOWER LEVEL. THE NECK LINE AT 1365 WAS CROSSED. THE PRICE HAD REACTED AFTER REACHING 1380. AGAIN, THE SHARE PRICE WILL TRY TO CROSS 1380 AND REACH 1400. IF IT TRADES ABOVE 1400, THEN 1450 IS THE NEXT TARGET.

HEG IS OBSERVED TO HAVE FORMED A ROUNDING BOTTOM. IF THE RESISTANCE AT 1235 IS CROSSED, THEN THE NEXT MAJOR RESISTANCE IS AT 1400 & 1550. LET THE RESISTANCE BE CROSSED, AS THE SHARE PRICE HAD APPRECIATED BY NEARLY 20% IN SHORT TIME.

HDFC HAS A SELL SIGNAL IN THE BEARISH ZONE. WITH A STOP LOSS AT 2115-2120, ONE MAY CONSIDER SHORT FOR TARGETS OF 1950 & 1900.

HDFC BANK IS FORMING AN INVERTED H&S WITH NECK LINE AT 2275. IF IT TRADES ABOVE THIS LEVEL, THEN NEXT TARGETS ARE 2300 / 2320. IF THERE IS REACTION DUE TO ALTICO EPISODE (EXPOSURE TO HDFC Bank has the maximum exposure at Rs 500 crore), THEN THE SUPPORT SHOULD EMERGE AT 2200.

BN HAS A RESISTANCE AT PRESENT LEVEL. ONCE IT CROSSES, IT HAS NEXT RESISTANCE AT 28450. IT IS OBSERVED THE BN WILL REACT IN THE REGION 28,450-28,700.

RIL HAS A STRONG RESISTANCE AT 1239. ONCE IT CROSSES 1239, THEN 1247 & 1275 ARE THE TARGETS. STOP LOSS AT 1205 CAN BE PLACED. THE LONG TERM TARGET IS 1300.

BITCOIN IS MOVING IN A DOWNWARD CHANNEL AND AN INVERTED H&S PATTERN VIOLATION. IT IS ALSO OBSERVED THAT THE TRADING RANGE OF 10040 - 10400 IS BEING FOLLOWED. TAKE THE DIRECTION AS PER THE BREAK OUT ABOUT THESE LEVELS. THE HIGHER SIDE TARGET IS AT 11,050. THE LOWER SIDE TARGET IS AT 9400.

AS PER THE WEEKLY CHART, THE EXCHANGE RATE MAY BE GOING TO THE VALUE OF 70.2-70.5 RANGE IN THE COMING DAYS. IT HAS GOOD SUPPORT AT THESE LEVELS. ONE MAY ENTER WITH TARGETS OF 71.3-71.5 AT THE ABOVE MENTIONED LEVELS. DAY CHART HAS A "DOJI" SORT OF MOVEMENT ON FRIDAY. GO LONG, WHEN PRICE CLOSES ABOVE 71.1 FOR TARGETS OF 71.4. STOP LOSS MAY BE KEPT AS 70.8 (DAY...

ZEEL HAD REPAID LOANS TAKEN FROM MFS TO THE TUNE OF 50-55%. THEY HAVE AGREED TO REPAY COMPLETE BY SEPTEMBER 30TH. ALSO, THEY HAVE ENTERED AGREEMENT WITH MFS NOT TO SELL THE PLEDGED SHARES. WILL ALL THESE FACTORS MAKE THE RESISTANCE AT 370 OVERCOME AND THE SHARE PRICE REACH 400 LVL?

TATA STEEL HAS FORMED A ROUNDING BOTTOM AT 333. IT WILL GO TO 400 AFTER RESISTANCES AT 364 AND 376 ARE CROSSED. MAINTAIN STOP LOSS AT 333.

L&T IS LIKELY TO TOUCH 1400, ONCE THE RESISTANCE AT 1361 IS CROSSED.

DAY CHART OF SIEMENS SHOWS THAT THE PRICE MAY REACH LEVELS OF 1300. THERE IS KUMO TWIST AT PRESENT. ONCE THE PRICE STARTS TRADING ABOVE 1243, THEN BUYING MAY BE CONSIDERED FOR THE ABOVE TARGET.