Sunandamedi

ITC HAS A BIGGER TARGET OF GOING UP TO 273 AND 286. IT HAS TO START TRADING ABOVE THE RANGE 262. THE DAY CHART INDICATES A CUP & HANDLE SHAPE FORMATION. THE DELIVERY RATIO IS ABOUT 70% FOR NUMBER OF DAYS. ONE CAN CONSIDER TO ENTER NOW WITH STOP LOSS AT 242.

HDFC BANK SHARES SEEM TO REACH TARGET OF 1360 IN THE COMING WEEKS. IT HAS TO CROSS THE RESISTANCE AT 1230. FURTHER RESISTANCES ON THE WAY ARE AT 1252 AND 1282. WAIT FOR THE Q2 RESULTS AS THE DELIVERY PERCENTAGE IS CONSTANT AT 50+ % FOR THE LAST ONE WEEK.

Q2 RESULTS ARE GOOD. BUT, THE PRICE SEEMS TO REACH 81 LVL ONE MORE TIME. FROM THERE THE PRICE WILL TRY TO GO UP TO 93. THE TIME REQUIRED MAY BE 1 MONTH. AS THE NIFTY 50 INDEX MAY RISE DUE TO RIL EFFECT (PLS SEE MY POST ON RIL) IN NEXT 1-2 MONTH TO NEW HIGH, THIS SHARE MIGHT PARTICIPATE AND REACH THE 93 LVL. BUT, THE LONG TERM LVL IS SEEN AT 280. AS THE COMPANY...

THE DAY CHARTS OF RIL INDICATES THE PRICE TO BE MOVING TO THE TARGET OF 1600 IN THE SPAN OF 1-2 MONTHS. PRIOR TO THAT THERE WILL BE REACTION WHICH SHALL SEE THE PRICE REACHING TO THE LEVEL OF 1376. ONE MAY ENTER THE SHARE AT THIS LEVEL. WITH Q2 RESULTS EFFECT, THE SHARE PRICE MAY MOVE UP TO 1456 AND REACT.

NCC HAS MULTIPLE BOTTOMS AT 47 LVL. THERE IS A FLAG BREAK OUT TODAY. NEXT PRICE TARGETS ARE 53 AND 58.

BATA CHARTS INDICATE A BREAK OUT OF INVERTED H&S PATTERN HAVING NECK LINE AT 1735. THIS SHOULD SEE THE PRICE REACHING 1950 IN THE COMING WEEKS. DOES NOT THIS SCRIP GET TIRED CLIMBING UP, ALWAYS??

JD HAD RETRACED BACK 78% OF THE UPMOVE (FROM 542 - 828). NOW, IT HAS CLOSED ABOVE THE DOJI FORMED YESTERDAY. THE HIGHER TARGETS ARE 645 AND 667 IN THE COMING WEEKS. LONG TERM TARGETS UP TO 1080. LET US SEE THE Q-2 RESULTS AND THERE IS ALSO INCREASE IN FII HOLDING THESE DAYS.

IN THE CHARTS OF YB, IT IS SEEN THAT EVERY TIME THE MP REACHED THE BASE LINE (RED LINE), THE PRICE REACTED DOWN WARDS. IF THE SAME PATTERN REPEATS, THEN EXPECT REACTION AT 52.6 LVL.

COMMENTS IN THE CHART. FOLLOW UP FOR YESTERDAY POST.

TATA MOTORS HAD TOUCHED THE TARGET OF 144 (PLS SEE 08 & 15 AUG). ALSO, AS MENTIONED IN THE 07TH AUG, THE PRICE MADE A LOW OF 111 (NR TO TARGET GIVEN). IF THE PRICE IS ABLE TO SUSTAIN ABOVE 144, THEN 152 AND 160 ARE THE NEW TARGETS.

JAIN IRRIGATION IS A COMPANY WITH GOOD BUSINESS DIVISIONS AND FUNDAMENTALS. WHAT WENT WRONG FOR THE "SELECTIVE DEFAULT" STATUS AND WITH THE COMPANY? I DO NOT KNOW. FUNDAMENTAL INFO REGARDING THE COMPANY IS WELCOME BY COMMENTS. PLEASE POST IT AS THE TECHNICALS ARE GIVING A NICE PICTURE FOR LONG TERM IN THIS COMPANY. ONCE AGAIN, REQUEST TO SEND REPLIES.

Previous tgt reached. Present tgt mentioned in the chart.

COMMENTS PROVIDED IN THE CHART.

AS MENTIONED IN THE PREVIOUS CHARTS, HUL MADE A NEW HIGH. IT IS OBSERVED THAT THERE COULD BE A RESISTANCE AT 2100 LVL. AND, THE FORMATION OF "M" SHAPE WILL SEE THE PRICE COMING BACK TO 2005, ONE MORE TIME. DO NOT ENTER NOW.

AUROBINDO PHARMA HAS FORMED A WEDGE SHAPE. THERE IS A SELL SIGNAL. IF THE WEDGE IS BROKEN, THEN EXPECT THE PRICE TO REACH 350 LVL. IF IT BREAKS ABOVE, THEN THE PRICE MAY RETRACE TO 510.

LET IDEA CROSS THE NECK LINE AT 6.95. TARGET MAY BE PLACED AT 8.70. GOOD IDEA .... ISN'T IT?

LUPIN SCRIP CAN BE SHORTED AT 743 FOR TARGET OF 715. THE TIME FRAME SEEMS TO BE 2-3 DAYS. STOP LOSS MAY BE PLACED AT 756.

BN IS LOOKING BEARISH. REASONS ARE APLENTY. DAY CHART INDICATES THE LEVELS OF 28090 IN THE COMING DAYS. A SUPPORT SHOULD BE EMERGING THERE. IT SEEMS BETTER NOT TO ENTER BANK SHARES AT PRESENT.