THE SHARE PRICE OF ASIAN PAINTS GOT A SUPPORT AT 1340. (JUNE 25TH POST SEE). AS A FRESH SIGNAL IN HOUR CHART IS GENERATED, THE SHARE PRICE SEEMS TO CONTINUE THE DOWNTREND TO 1337 AND MAY BE UP TO 1303. WAIT FOR CLEAR SIGNALS FOR GOING LONG. AT PRESENT THERE IS NONE.
THE SHARE SEEMS TO BE IN A PENNANT SHAPE. TRADING ABOVE 3729 WILL SEE THE PRICE TO GO TO 3800 LEVELS. WAIT FOR THE BREAK OUT.
AL HAS A TARGET OF 106 ONCE THE RESISTANCE AT 93 IS CROSSED. IT HAS OBTAINED A BUY SIGNAL AND THERE IS A T-K CROSS OVER TODAY. CLOSING IS IN THE BULLISH ZONE. AWAITING NEWS OF E-VEHICLES BEING DELIVERED FROM IT'S A.P, PLANT.
THE SHARE PRICE OF M&M IS EXPECTED TO REVERSE IN BETWEEN 672 AND 678. IF THE PRICE SHOOTS & TRADES ABOVE 680, THEN TARGET TOWARDS 700 AND 715.
A LOT OF ACCUMULATION IN THE BANDED AREA SEEMS TO HAVE HAPPENED. PRICE IS EXPECTED TO GO TO 500 AGAIN. TRADE ABOVE 477 WITH PROPER STOP LOSS. RAINS AND BUDGET MAY PROVIDE THE IMPETUS.
HOUR CHART OF TCS INDICATES 2288 LVL. BUY WHEN THE PRICE STARTS TRADING ABOVE THE CLOUD. BECAUSE THE DAY CHART INDICATES THE PRICE MAY MOVE TO 2220 IN THE COMING DAYS.
DRAGON FLY DOJI FORMED TODAY. THE SHARE PRICE SEEMS TO TOUCH 132 IN THE COMING 1-2 DAYS. MAY BE IT WILL BE BULLISH ONCE THE FOLLOWING DEMAND IS MET IN THE BUDGET. THEN 150 CAN BE EXPECTED. There is a demand by major players to increase import duty on paper products, currently at 0 percent as per FTA. If it does, it would also provide benefit to this sector.
KEC REACHED THE TARGET AS MENTIONED IN THE PREVIOUS POST. IF IT IS TRADING ABOVE 334, THEN ENTER FOR TARGETS OF 350 & 365. DEL % IS >70% FOR THE LAST 2 WEEKS. TODAY IT HAD DECREASED. MAY BE THE REASON FOR GRAVESTONE DOJI FORMATION. AGAIN, WAIT FOR PRICE TO CROSS ABOVE 334.
LICHSG FINANCE IS BULLISH IN ALL FORMATS. WITH TRADED VOLUME OF 16 L, THE PRICE IS REARING TO GO HIGHER. DOJI FORMED . WAIT FOR THE CLOSURE ABOVE 574. TARGET MAY BE NEAR 600.
HOUR CHART INDICATING THE MOVEMENTS FOR THE COMING DAYS.
DR REDDY BROKE OUT THE FALLING TREND LINE TODAY. GOT SUPPORT AT 2549 AND IS GOING UP. THE NEXT LEVEL SHOULD BE 2734. WITH A NECK LINE 2734, IT CAN BE SEEN THAT IT WILL BE A INVERTED H&S FORMATION. LET US SEE HOW THE COMING DAYS WILL BE AFTER TOUCHING 2734.
PETRONET LNG HAS CUP & HANDLE FORMATION IN DAY CHART. TRADING ABOVE 250 WILL KEEP THE TARGET AS 262. TRADED SHARES - 58.63 L & DELIVERY % - 88. REASON IS SUFFICIENT TO ENTER LONG.
SEEMS TO HAVE A TARGET OF 89 ONCE IT CROSSES 88.7.
RELIANCE IS IN DOWNTREND. IT MAY REACH 1233 IN THE COMING DAYS. STOP LOSS CAN BE KEPT AT 1377.