Sunandamedi

Sunandamedi

AS INFORMED EARLIER, COLPAL HAD REACHED TARGET-1 AND IS ON THE WAY TO REACH TARGET-2 AT 1211. RESISTANCE IS EXPECTED AT THIS LEVEL. IF THE 1211 LVL IS CROSSED, THEN 1231 WILL BE THE NEXT STOP.

Sunandamedi

KOTAK BANK IS READY TO GO NEW LEVELS, ONCE 1545 PRICE IS CROSSED. VOLUME TRADED IS 29.47 L AND DELIVERY OF 53%. CUP & HANDLE SHAPE IS OBSERVED WITH THE RESISTANCE AT 1545.

Sunandamedi

THREE BLACK CROWS FORMED AT THE SUPPORT LEVEL. PRICE HAS REACHED THE EARLIER MENTIONED TARGETS 1&2. THE NEW CALCULATIONS SHOW THAT THE TARGET-3 MAY BE SHIFTED TO HIGHER LEVEL AT 435. MAY BE THE FOLLOWING NEWS MIGHT CAUSE THE TRIGGER: (Invesco Oppenheimer Fund to buy 11% stake in Zee Entertainment from promoters for Rs 4,224 cr)

Sunandamedi Updated 

BE CAREFUL WITH BN. IT HAS LOT OF SUPPORT AT THESE LEVELS.

Sunandamedi

RELIANCE CAP SEEMS TO BE FOLLOWING A C&H PATTERN ALONG THE TREND LINE. AND, IT APPEARS THAT ONCE THE BREAK OUT OF THE TREND LINE HAPPENS, THEN A REVERSAL UP TO 120+ CAN BE EXPECTED. WAIT AND WATCH!!

Sunandamedi

RIL AS INDICATED IN THE YESTERDAY'S POST, HAD REACHED THE SUPPORT LEVEL AT 1180. AS EXPECTED, THE VOLUMES OVER THE LAST 5 DAYS IS 48% WHILE TODAY FIGURES ARE : TRADED VOLUME - 96,33 LAKHS AND DELIVERY IS 50.42 LAKHS (52%). NIFTY IS ALSO NEARING SUPPORT LEVELS. TRUST THERE WILL BE A REVERSAL AS THE WEEKLY CHART IS PROVIDING THE INFORMATION.

Sunandamedi

AS PER THE ICHIMOKU NUMBER THEORY THERE IS A REVERSAL EXPECTED FROM TOMORROW. THIS COINCIDES WITH THE SUPPORT PRICE AT 681. AND, THE WEEK CHART IS PROVIDING SUPPORT AT 674. THE CLOUD IS BULLISH AND WITH UPWARD BIAS. ONE CAN ENTER WITH SMALL QUANTITY FOR PRICE TARGETS OF 740+. STOP LOSS HAS TO BE MAINTAINED AT 654.

Sunandamedi

COMMENTS CAN BE SEEN IN THE CHART!

Sunandamedi

AMARA RAJA BATTERIES AS EXPLAINED EARLIER IS MOVING TOWARDS HIGHER TARGETS. A DOJI AT THE SUPPORT IS FORMED TODAY. IF THE TRADING IS DONE ABOVE TODAY'S HIGH (658), THEN THE FINAL TARGET IS PLACED NEAR 698. STOP LOSS MAY BE PLACED AT 623.

Sunandamedi

THE SHARE IS GETTING SUPPORT AND HAS MULTIPLE BOTTOM AT & NEAR 335. TODAY CLOSE IS OUT OF THE CLOUD. IT CAN BE SEEN THAT FOR THE LAST FEW DAYS, THE PRICE IS MOVING IN UPWARD CHANNEL. NEXT TARGETS CAN BE PLACED AT 355 & 364. ANY CLOSURE ABOVE 364, THE PRICE WILL EASILY CROSS 374.

Sunandamedi

YES BANK IS MOVING IN AN UPWARD CHANNEL. IF IT IS ABLE TO BREAK AWAY AT 99, THEN 109 IS THE NEXT TARGET. BUT, THERE IS NO BUY SIGNAL. A LOT OF DOJIS FOR EVERY DAY CAN BE SEEN. THIS INDICATES INDECISIVENESS. ONE CAN GO LONG FOR 109, WHO IS BRAVE AT HEART! WITH PROPER STOP LOSS.

Sunandamedi

UBL IS TRADING WITH GOOD VOLUMES. TARGETS ON HIGH SIDE CAN BE KEPT AT 1442 AND 1468. CUP & HANDLE SHAPE BREAK OUT IS SEEN AT NECK LINE OF 1398, MAY BE KEPT AS STOP LOSS LVL.

Sunandamedi

BERGER PAINTS IS TRADING WITH GOOD VOLUMES EVEN IN THIS BEARISH MOOD MARKET. AS THE DAY'S CLOSE IS ABOVE DOJI HIGH, THE NEXT TARGET MAY BE PLACED AT 340 AND 350. CHART HAS GIVEN A CLEAR BUY SIGNAL.

Sunandamedi

HDFC HOUR CHART INDICATES THAT ONCE THE PRICE LEVEL AT 2210 IS CROSSED SUCCESSFULLY, THE TARGETS CAN BE KEPT AS FAR AS 2300. AS THE CHART HAS NOT PRODUCED ANY BUY SIGNAL, BETTER WAIT & OBSERVE. LET US SEE THE ACTION AT 2200 LEVEL!

Sunandamedi

RIL HAS COMPLETION OF A 'N' WAVE AT 1180 PRICE. AND, THE SAID PRICE IS A VERY STRONG SUPPORT FOR IT. ALREADY SUFFICIENT QUANTITIES WOULD HAVE BEEN PICKED UP BY THE FUNDS. MY EXPECTATION IS AN UP MOVE WILL BE COMING AT 1180 LEVEL.

Sunandamedi

TATA STEEL IS MOVING TO 427-422 LEVELS. THE LEVEL IS STRONG SUPPORT. ONE MAY CONSIDER ENTERING FOR SHORT TERM PROFITS. (AS MENTIONED IN 16TH JULY POST, THE STOCK IS MOVING TOWARDS 424).

Sunandamedi

TCS HAD REACHED A HIGH 2142 TODAY. (2146 WAS THE ANALYSED TARGET AS PER MY LAST POST). AS THE SHARE STARTS TO TRADE ABOVE 2136, TARGETS FOR 2163 AND 2200 CAN BE PLACED. STOP LOSS MAY BE KEPT AT 2062, THE LOW OF THE DOJI FORMED EARLIER.

Sunandamedi

THE INDEX IS EXPECTED TO GO UP TO 11,436 IN THE COMING DAYS. (INDEX IS ONLY 15 POINTS FAR FROM THE TARGET 11,137 MENTIONED IN THE PREVIOUS POST).