ZEEL (28TH AUG POST) HAS MOVED UP TO 375. THERE IS A RESISTANCE SEEN AT THIS LEVEL. ONCE THIS RESISTANCE IS CROSSED, THEN THE RESISTANCES ON THE WAY TO 400 ARE AT - 387 & 392.
THERE IS BEARISHNESS AS PER THE DAY CHART. MULTIPLE TOPS MENTIONED IN THE CHART. SUPPORT EXISTS AT 104.8 - 105 LVL.
MGL AFTER REACHING 1050 (AS GIVEN IN ONE OF MY PREVIOUS POSTS) HAD REACTED TO A LOW OF 754. IT HAS STARTED MOVING UP AGAIN AND IS COMING OUT INTO THE BULLISH AREA. ONCE IT STARTS TRADING ABOVE 856, THEN THE NEXT TARGET IS 871 & 885. STOP LOSS CAN BE PLACED AT 816.
TCS IS IN A CUP & HANDLE FORMATION. IT IS REACHING THE NECK LINE AT 2285 LVL. ONCE THE TRADING STARTS BEYOND THIS LEVEL, THEN THE SHARE IS POISED TO MOVE TOWARDS ALL TIME HIGH. WAIT FOR THIS 2285 LVL CROSSING.
THE SHARE PRICE OF DABUR IS SHOWING ENERGY TO REACH 460 LEVEL. THE RESISTANCE AT 451 IS PRESENT. BUT, THE TRADING PATTERNS SEEN SUGGEST THAT IT SHOULD BE EASILY OVERTAKEN.
A PULL BACK IS EXPECTED TO LEVELS OF RS. 300 FOR SBIN. THERE IS A RESISTANCE AT 288 WHICH NEEDS TO BE OVERCOME. WITH A STOP LOSS PLACED AT 268, ONE MAY CONSIDER ENTERING THE SCRIP.
THERE IS A BUY SIGNAL IN HOUR CHART. LEVELS ARE MENTIONED IN THE CHART.
JD IS FOLLOWING AN UPWARD CHANNEL (HH & HL FOR THE LAST 5 DAYS). NEXT RESISTANCE (MULTIPLE) AT 727 IS SEEN. ONCE IT CLEARS, THEN THE JOURNEY IS SEEN TO BE UP TO 740 LVL. STOP LOSS IS AT YOUR CONVENIENCE.
AS POSTED YESTERDAY, YB HAD GIVEN REVERSAL AT THE BOTTOM LEVEL OF 55. CHARTS INDICATE AT LEAST 10% APPRECIATION FROM HERE TO LEVELS OF 65 CAN BE EXPECTED. TIME FRAME CAN BE TAKEN AS 10 DAYS. STOP LOSS CAN BE TAKEN AS 54.
IF EVERYTHING GOES GOOD, THEN ONE CAN EXPECT THE REVERSE OF PRICES TO 97 & 104 IN THE COMING DAYS. MAINTAIN STOP LOSS AT 90.
DABUR HAS GIVEN BREAK OUT FROM PENNANT ON THE HIGHER SIDE. NEXT TARGETS ARE 435 AND 450 IN THE COMING DAYS.
THE EXCHANGE RATE SEEMS TO HAVE SUPPORTS AS MENTIONED IN THE DAY CHART.
PLEASE DISCARD THE OLD ONE, TARGETS MENTIONED AS 2141 (TYPO) INSTEAD OF 2248.
YES BANK IS HAVING SUPPORT AT 55 LVLS. DO NOT SHORT AT THESE LEVELS. IT IS BETTER TO HOLD FOR A LONG TIME, AS THE CHARTS SUGGEST. FROM MY PREVIOUS EXPERIENCE, IT APPEARS THAT THERE IS LOT OF STOCK BEING PURCHASED. AND, OF COURSE THERE WILL BE DISCOURAGING REPORTS FROM FI'S. IF POSSIBLE, IT IS BETTER TO INVEST AND STAY TIGHT AS THIS IS ONE OF THE TOP 10 BANKS...
NIFTY 50 DAY CHART HAS AN INVERTED H&S FORMATION WITH A NECK LINE AT 11113. THEN, ONE CAN EXPECT THE INDEX BOUNCING BACK TO 11113. IF IT CLOSES ABOVE THIS THEN 11,326 WILL BE THE NEXT TARGET.