DEN NETWORKS HAS MET THE RESISTANCE AT 98. THE SHARE PRICE IS EXPECTED TO REACH THE LOW SIDE OF 83, IN THE COMING DAYS. IT IS BETTER TO BOOK PROFITS PARTIALLY, IN CASE ONE WANTS TO HOLD.
BN HAD A "DOJI" LAST DAY. IT IS OBSERVED THAT THE BN HAS TARGETS OF 27679 & 28623 IN THE COMING DAYS. IT IS EVIDENT FROM FM SPEECH, REGARDING FUND RELEASE TO THE BANKS THEREBY INTO THE SYSTEM, WILL HAVE POSITIVE IMPACT FOR THE BANKS. ALSO, THE YES BANK ALSO STARTED MOVING UP. WAIT FOR THE TRADING TO BE DONE AT 27,220 LVLS, FOR ENTERING LONG.
L & T IS NEARING SUPPORT AT 1275. ONE MAY GO LONG WITH A TARGET OF 1336 IN THE COMING DAYS. STOP LOSS MAY BE KEPT AT 1265 LVL. IF ONE IS RISK AVERSE, THEN WAIT FOR TRADING ABOVE 1300 FOR ABOVE SAID TARGET LEVEL.
THE SHARE CAN BE SHORTED FOR TARGETS - 1444 / 1428 AND 1411, IN THE COMING DAYS. STOP LOSS MAY BE TAKEN AS 1500.
PLS SEE THE CHART, IN WHICH DIRECTION THE BREAK OUT WILL BE.
HEXAWARE DAY CHART HAS A BUY SIGNAL. ONCE THE NECK LINE AT 386 IS CROSSED AND TRADED, THEN NEXT RESISTANCES ARE 391 AND 397. FURTHER, TARGET IS 416.
SRF IS HAVING A PENNANT FORMED TO A BULLISH FLAG. ONCE IT STARTS TRADING ABOVE 2900, THEN THE PRICE WILL GO UP TO 3072. OBSERVE FOR THE PENNANT BREAK OUT.
BN IS REACHING THE SUPPORT LEVEL AGAIN AT 27620. THREE BLACK CROWS FORMATION AND BN REACHING NEAR SUPPORT AND THE CLOUD FORMATION WITH CLAMP INDICATES THERE COULD BE A BOUNCE BACK TO 28,190 AND 28,440, IN THE COMING DAYS. ALSO, THERE IS AN H&S PATTERN FORMING AT THE SUPPORT. BREACHING OF 27,620 WILL SEE 27100.
PLS SEE THE PREVIOUS POST ON JULY 08TH REG THE RECOMMENDATION & TARGET.
THE HOUR CHART AND 15 M CHART INDICATE THE ABOVE LEVELS. BUT, THE DAY CHART IS BULLISH.
YES BANK IS AT 70 LEVEL AGAIN. IT IS FORMING A "W" SHAPE WITH 70 - 80 - 90 PRICE LEVELS. LET IT TRADE ABOVE 82.4, FOR TARGET OF 91. (OR) AGGRESSIVE PEOPLE MAY BUY INTO WITH A STOP LOSS AT 68 LEVEL. AS THE BREAK DOWN WOULD LEAD TO 58 LEVEL (AS MENTIONED IN ONE OF MY PREVIOUS POST).
STAY WITH HUL FOR NEW LIFETIME RECORDS. FOR THIS IT NEEDS TO CROSS THE NECK LINE AT 1854. IT HAS MULTIPLE RESISTANCES AT THIS LEVEL. THE TRADING VOLUMES AND DELIVERIES TAKEN INDICATE NEW PRICE LEVELS.
RAJESH EXPORTS HAD GOOD PRICE INCREASE IN THE LAST TWO SESSIONS. THE SHAPE FORMED IS A CUP & HANDLE. TRADING ABOVE 729 SHOULD SEE THE TARGET OF 769 IN THE COMING DAYS. AS THE CLOUD IS THIN, WAIT FOR TRADING AT 730 LVLS.