Auto sector welcomes PM Modi's assurance on internal combustion engine cars. WILL THIS NEWS PROPEL TAMO TOWARDS 144??
AS MENTIONED EARLIER, THIS SCRIP IS AROUND 1080 LVLS. ENTRY MAY BE CONSIDERED WITH PRICE TARGET OF 1145, IN THE COMING DAYS.
BHARTI AIRTEL IS SHOWING SIGNS TO CROSS 372 LEVEL. A SAUCER FORMATION OVER A LONG PERIOD IS OBSERVED. AS MENTIONED EARLIER, IT HAS PRICE TARGET OF 430 IN THE COMING WEEKS.
BATA HAS A BUY SIGNAL IN THE DAY CHART. IT HAS "W" SHAPE FORMATION WITH A RESISTANCE AT 1467. ONCE THIS STARTS TRADING ABOVE 1467 LVLS, THEN 1500 CAN BE ITS NEXT TARGET. MAY BE NEW TARGETS HAVE TO BE WORKED OUT.
DOJI FORMED AT THE BOTTOM (WHICH IS ALSO WEEKLY SUPPORT). EXPECTED PRICE TARGETS ARE MENTIONED IN THE CHART.
15M CHART - INVERSE H&S PATTERN IN AN UP TREND CHANNEL. WILL REACH 72.05 ONCE THE RESISTANCE AT 71.85 IS OVERCOME. 1H CHART - SAME AS 15M CHART i.e INVERSE H&S PATTERN IN AN UP TREND CHANNEL. WILL REACH 72.05 ONCE THE RESISTANCE AT 71.85 IS OVERCOME. DAY CHART - FLAG IS FLYING HIGH AND IS AT THE RESISTANCE AT 71.85. ONCE THIS IS CROSSED, THEN 71.99 IS...
ASIAN PAINTS SAYS GOOD "EVENING STAR". THE SHARE CAN BE SHORTED WITH TODAY'S HIGH 1594 AS THE STOP LOSS. TARGET IS 1530, IN THE COMING DAYS.
MARICO HAD REACHED THE TARGET AS GIVEN IN THE PREVIOUS POST. THERE IS AN INTERESTING OBSERVATION - THE VALUES OF BOTH TENKAN & KIJUN IS SAME FOR THE LAST 7 DAYS. WHAT COULD BE ITS EFFECT? THE PRICE NEEDS SOME REST TO CATCH WITH THE KIJUN. THIS CAN BE SEEN IN THE SELL OFF TODAY. MAY BE THE PRICE WILL START COMING DOWN ONCE TODAY'S LOW 390 IS BREACHED. 383 WILL...
HUL IS FOLLOWING AN INVERTED H&S PATTERN WITH NECK LINE AT 1865. ONCE THIS IS CROSSED, THE MONTHLY CHART INDICATES A TARGET PRICE OF 2150 IN THE COMING WEEKS. TRADED VOLUME - 19.1 LA AND DEL - 69.4% BREAK OUT IS EXPECTED ANY TIME. MAINTAIN STOP LOSS.
KOTAK MAHINDRA BANK HAS INCREASED VOLUMES AT LOW PRICES. VOLUME FOR TODAY IS HIGHER THAN AVG VOLUMES FOR LAST 10 DAYS. 1494 HAS FORMED A VERY GOOD SUPPORT. KOTAK HAS DELIVERY OF 58% TODAY. IT IS MOVING IN THE BAND OF 1459 AND 1544 FOR OVER THREE MONTHS. IT SEEMS TO BE READY TO MOVE BEYOND 1550.
W" SHAPE OBSERVED AT THE 10,850 LVL. THERE SHOULD BE A BOUNCE BACK TO 10980 AND 11085. STOP LOSS AT 10840.
YES BANK CHART OBSERVATIONS: DAY - INVERTED H&S - GETTING SUPPORT AT 80 LVL. TREND LINE BROKEN & RE-ENTERED THE SQUEEZE ZONE. WEEK - RANGE BETWEEN 79 & 81. MONTH - DOUBLE BOTTOM AT 79 LVL. (THE CHART INDICATES A FALL TO 72-74 LVL).
NIFTY 50 IS A BUY ON HOUR CHART. THE CHART INDICATES THE INDEX MAY COME UP TO 11,050 OR 10890 LVL. AFTER THIS IT MAY REVERSE BACK TO HIGHER LEVEL. HOUR CHART HAS AN EVENING STAR SORT OF PATTERN OBSERVED. IF IT TURNS OUT TRUE, THEN ALSO THE INDEX MAY COME BACK TO 10900 LVL. IF THE INDEX MOVES BEYOND 11,194, THEN 11,300 LVL IS THE NEXT TARGET.
"W" SHAPE FORMATION, FLAG BREAK OUT YESTERDAY. THERE IS A STRONG RESISTANCE AT 71.34 LVL. TRADING ABOVE 71.48 WILL SEE THE TARGETS TOWARDS 71.90, IN THE COMING DAYS. IN THE WEEK CHART, CLOSING IS ABOVE THE CLOUDS. BUT, AGAIN RESISTANCE AT 71.34 LVL. OTHER OBSERVATION FROM DAY CHART IS THE PRICE IS FAR AWAY FROM THE KIJUN WHICH IS FLAT. THIS MIGHT MAKE THE...