HUL IS A BUY IN DAY CHART. BUT, THE CHARTS INDICATE THAT THERE COULD BE A CORRECTION TO 1787 FROM 1817 LVL. FOR SHORT PERIOD ONE CAN SHORT FOR TARGET OF 1787 WITH A STOP LOSS AT 1830.
NIFTY IS READY TO GO UP TO 11085 AND 11,139 IN THE COMING DAYS. DAY CHART HAS A W FORMATION. MAINTAIN STOP AT 10850. IF THE NEWS COMES TRUE, THEN A REVERSAL TO 11,300 AND BEYOND CAN BE EXPECTED. The market rallied after media reports suggested that the government is likely to roll back recently-imposed higher tax on foreign portfolio investors (FPIs). (NIFTY...
IF THE FOLLOWING NEWS COMES AS TRUE, THEN THE TATA MOTORS SHOULD RISE TO PRICE LEVEL OF 144. Media reports suggesting a potential rollback of surcharge on the super-rich and a delay in vehicle registration fees by a year. MAINTAIN PROPER STOP LOSS LEVEL.
HEXAWARE IS BOUND TO GO TO 390 AND 400, ONCE IT CROSSES THE RESISTANCE AT 372. THERE IS A KUMO TWIST IN THE COMING DAYS.
DIVIS LAB HAD GIVEN A BUY SIGNAL IN THE DAY CHART. THERE IS A RESISTANCE AT THE PRESENT LEVEL. TRADES ABOVE THIS PRICE WILL SEE THAT THE PRICE REACHES 1730 AND THEN 1800. (AS MENTIONED IN THE EARLIER POST).
ACC DAILY CHART HAS A SELL SIGNAL IN THE BEARISH ZONE. ANY TRADES BELOW 1537, SHOULD SEE THE PRICE REACHING 1476. THIS SEEMS TO BE PROBABLE. AND, CLOSE ABOVE 1585, SHOULD SEE THE TARGET OF 1624.
USD-INR 15 M CHART HAS A SUPPORT AT 70.49. IT HAS COME BACK AGAIN AND A "W" SHAPE IS BEING FORMED. THIS SHOULD TAKE THE LEVEL TO 70.69. THE CONDITION IS THAT THE SUPPORT SHOULD BE HONORED. IN THE SENSE MAKE IT AS STOP LOSS. IN CASE, THE LEVEL GOES UP TO 70.8 AND TRADES AT THAT LEVEL THEN EXPECT THE NEXT TARGET AS 70.85.
AS INFORMED IN YESTERDAY POST, THE SELL INDICATION IN HOUR CHART MADE THE VALUE TO COME TO A LOW OF 70.61. AS THE SIGNAL WAS IN THE BULLISH ZONE, IT TURNED OUT TO BE WEAK AND A DOJI HAD FORMED TODAY. ALSO, IN THE HOURLY CHART, A BUY SIGNAL IS GENERATED TODAY. THIS SHALL SEE THE PRICE CROSS 71.5 (TODAY'S HIGH) AND REACH 72 IN THE COMING DAYS. IT IS OBSERVED...
MARICO HAS SUCCESSFULLY CLOSED ABOVE THE RESISTANCE LEVEL. NOW 392 (AS MENTIONED IN MY POST) TARGET IS NOT FAR AWAY. ALL THE BEST FOR THIS FMCG. TRADED VOLUMES HAVE INCREASED BY 50% OVER THE LAST 5 DAYS COMPARED TO 10 DAYS. AND, DELIVERY HAS GONE TO 65%.
MUTHOOT SHALL TRADE ABOVE 635 FOR GIVING A BUY SIGNAL IN DAY CHART. NEXT TARGETS ARE 641 AND 655. MAINTAIN A PROPER STOP LOSS. 1/3 RD OF TRADED VOLUME IS TAKEN AS DELIVERY IN THIS COUNTER.
TATA MOTORS IS IN A DOWN TREND WITH A TARGET OF 90, IN THE COMING WEEKS. MEANWHILE, THERE IS A REVERSAL EXPECTED IN A DAY OR TWO. THIS SHALL TAKE THE PRICE TO 133. AFTER OBTAINING A BUY SIGNAL IN HOUR CHART, THEN ONLY ENTER FOR THE ABOVE PRICE LEVEL.
JD HAD GIVEN A BUY SIGNAL IN HOURLY CHART. THIS ALONG WITH DAY CHART IS INDICATING A TARGET OF 748 FOR THE PRESENT. IT HAS REVERSED FROM THE SUPPORT LEVEL. TODAY IT HAD MADE A HIGH OF 729.
PIDILITE INDS SUCCESSFULLY CLOSED ABOVE THE 1300 LEVEL (PLS SEE MY POST ON 03RD AUG). NEXT LEVELS SHOULD BE NEAR 1375 LEVEL. AS THE Q1 FIGURES ARE GOOD- Net Sales at Rs 2,016.81 crore in June 2019 up 9.96% from Rs. 1,834.07 crore in June 2018. Quarterly Net Profit at Rs. 292.89 crore in June 2019 up 22.72% from Rs. 238.67 crore in June 2018. THE ABOVE 1375...
ZEEL SHARE PRICE IS REACHING A REVERSAL POINT WITHIN A DAY OR TWO. BEFORE GOING FOR SHORT, PLEASE CONSIDER THAT THE PRICE MAY NOT DROP BELOW 300. OTHER FACTORS TO BE NOTED : 1) Partial stake sale in the Essel Group-owned Zee Entertainment Enterprises (ZEE) is done, promoters are focused on completing Dish TV merger. THE TWO SALE DEEDS SHOULD BE ABLE TO FETCH...
HOURLY CHART INDICATE THAT THE PRICE MAY REACH TO A VALUE OF 70.49. SELL INDICATION IN CHART IN THE BULLISH ZONE. THERE IS A SUPPORT AT 70.67, ABOVE WHICH IT IS TRADING. BREAKING OF THIS, THE VALUE SHOULD REACH 70.49.
AS MENTIONED IN 02 AUG, POST THE SHARE PRICE HAD BOUNCED BACK AND CROSSED THE RESISTANCE AT 74. NOW, THE NEXT TARGETS ARE 77.5 AND 80. BOOK PROFITS IN AN ORGANISED MANNER.
TCS IS OUT OF THE CLOUDS. A BUY SIGNAL IS OBTAINED. BUT, CONFIRMATION CAN BE TAKEN ONCE 2258 LEVEL IS CROSSED. OR TRADING TO BE DONE FOR NEXT 3-4 DAYS ABOVE THE CLOUDS ONLY. THEN 2265 IS THE TARGET. THE CONCERN IS BECAUSE OF THE DELIVERY. DELIVERY IS COMING DOWN FROM 51% TO 44% IN THE LAST 2 WEEKS. ALSO, AS POSTED EARLIER, TCS IS FOLLOWING A H&S PATTERN WITH...