FROM THE DAY CHART OBSERVATION, IT IS SEEN THAT LUPIN IS ALSO IN A TRDING RANGE FROM 710-760 (AS SEEN IN IPCA CHART). WHAT COULD BE THE REASON? THE CHARTS INDICATE ONE MAY ENTER AT LEVELS OF 720 (STOP LOSS AT 700) FOR TARGETS OF 760 AND BEYOND.
IPCA DAY CHART IS SHOWING A LOT OF ACCUMULATION WITH A RANGE FROM 920-1000. AS INDICATED IN ONE OF THE PREVIOUS POST, PRICE SHOT UP TO 1000 LVLS AND THE PROFITS WERE BOOKED. A PIN BAR SORT OF FORMATION IS OBSERVED TODAY. THIS TIME IT MAY SHOOT UP BEYOND 1000, AS THE FUTURE CLOUDS ARE BULLISH.
BEL TRADED WITH GOOD VOLUMES. THERE IS A FLAG FORMATION WITH A RESISTANCE AT 105. THE JOURNEY WILL BE TO 108 AND 112 IN THE COMING DAYS, ONCE THE RESISTANCE IS CROSSED.
AS MENTIONED EARLIER, THIS INDEX REACHED MY FIRST TARGET. SECOND TARGET IS ALSO ON IT'S WAY, INDICATED BY THE CHART.
THIS IS ONE MORE SHARE RECOMMENDED EARLIER POSTS AND THE APPRECIATION IS SIMILAR TO NIIT TECH. BOOK SOME PROFITS HERE TOO.
AS MENTIONED IN ONE OF PREVIOUS POSTS, THE SHARE PRICE OF NIIT TECH HAD REACHED NEW HIGHS, AFTER CROSSING OVER THE LINE. IT SEEMS TO BE TIME FOR PARTIAL PROFIT BOOKINGS. CHARTS INDICATE SO.
ZEEL APPEARS TO HAVE SET A TARGET OF 400 IN THE COMING DAYS. IT WILL MEET WITH RESISTANCE AT 375 LVLS. STOP LOSS MAY BE PLACED AT 350 LEVEL.
WEEKLY CHART CLEARLY INDICATE A PRICE LEVEL OF 54 IN THE COMING WEEKS (MAY BE 1-2 MONTHS TIME). DO NOT ENTER LONG. WHAT COULD BE IN STORE? WE DO NOT KNOW. UNLESS THINGS ARE CLEARED IT IS BETTER TO BE AWAY.
NIFTY 50 IS AT THE BOTTOM OF THE UPWARD CHANNEL. IF IT STARTS IT'S JOURNEY UPWARDS, THEN 11,200 & 11,400 ARE THE NEARBY TARGETS. IF IT BREAKS, THEN 10,500 IS THE NEARBY SUPPORT. WEEKLY CHART HAS A "KUMO" INDICATING A REVERSAL OF THE PRESENT TREND AND THE FUTURE "KUMO" IS BULLISH.
LUPIN HAS A PIN BAR FORMED ON FRIDAY. MY EXPECTATION IS THAT THIS FORMATION SHOULD SEE THE LUPIN SEE 765 LVL IN THE COMING DAYS. WAIT FOR 746 TO BE CROSSED.
THE DAY CHART OF THE COMPANY SHOWS THAT THERE COULD BE A PRICE MOVEMENT DOWN TO 500 LVLS, IN THE COMING DAYS. PROFIT BOOKING MAY BE HAPPENING AND THEREBY AN OPPORTUNITY IS PROVIDED TO ENTER AT LOW LEVELS.
NIFTY-IT SHOWS TO GO "LONG". THE INDEX CLOSED IN THE BULLISH ZONE, ABOVE THE CLOUDS. THE NEXT TARGETS FOR THE IT INDEX ARE SEEN AS - 15,877 & 15,963. AS MENTIONED IN MY TCS POST, PLEASE KEEP A WATCH ON USD-INR MOVEMENT.
GBP-USD CHART SHOWS THAT THERE IS RESISTANCE AT CURRENT LEVEL. ONCE, IT TRADES ABOVE 1.2286, THEN (FM WEEKLY CHARTS) IT CAN BE EXPECTED THAT THE NEXT TARGET WILL BE AT 1.24 LVL. IN CASE, AS EXPECTED, IT REACTS, THEN A MOVEMENT DOWN TO 1.2135 IS ESTIMATED.
THE ANALYSIS OF USD-INR SHOWS THAT THERE IS A VERY STRONG RESISTANCE AT 71.83. THE WEEKLY CHART SHOWS THAT THE RESISTANCE IS OVERCOME BY LAGGING SPAN. IF THE USD TRADES ABOVE 71.84, THEN 72 WILL BE THE NEXT RESISTANCE. IF THIS IS OVERCAME, THEN THE EXC. RATE WILL GO UP TO 73 WITHOUT ANY DISTURBANCE. THIS SEEMS TO BE A POSSIBILITY OVER A PERIOD OF ONE MONTH OR...
A CUP & HANDLE IS BEING FORMED WITH A NECK LINE AT 2290 LVL. ONCE IT IS CROSSED, THEN THE TCS SHARE PRICE SHOULD GO UP TO 2400 IN THE COMING DAYS / WEEKS. CROSSING OF THIS LEVEL IS VERY IMPORTANT AS THE TRADED SHARES ARE OBSERVED DECREASING FOR THE LAST 10 DAYS (AVG. 19 LAKHS) BUT INCREASED RAPIDLY TO 28 LAKHS YESTERDAY (DEL 52%). THE EFFECT OF USD/INR SEEMS TO...