DRAGON FLY DOJI IS SEEN TODAY. CONCOR IS TRADING WITH 56% DELIVERY OF 11.1 LAKHS TRADED SHARES. IT SEEMS TO HAVE POTENTIAL TO REACH 590 IN THE COMING DAYS.
IT IS MOVING IN THE UPWARD CHANNEL. MONEY IS FLOWING INTO, 19.2 L SHARES TRADED WITH DELIVERY 38%, NEARING HIGH. IF THE 570 LEVEL IS CROSSED THEN EXPECT 615. WAIT FOR CONFIRMATION.
CUP & HANDLE IS OBSERVED. SHARE PRICE IS NEARING 600. TRADING ABOVE 602, SHOULD SEE 660 IN THE COMING DAYS. WAIT FOR CLOSURE / TRADES ABOVE 602.
NMDC DAY CHART SHOWS THAT THE PRICE MAY COME UP TO 109 AND 103 IN THE COMING DAYS. IT IS OBSERVED IN THE HOUR CHART.
DOJI HAD FORMED TODAY. BUY FOR TARGET OF 335, IF THE TRADE IS BEING DONE ABOVE 517. SELL FOR TARGET OF 497, IF THE LOW OF TODAY 506 IS BREACHED. FROM THE WEEKLY CHARTS & OTHERS, 533 SEEMS TO BE POSSIBILITY.
STARTED TRADING IN A RANGE OF 111.85 - 114.5. CLOSING ABOVE 114.5 WILL TAKE L&T FH TO 116.5. BREAKING OF 11.8 WILL SEE 110 LEVELS ONE MORE TIME. FROM THERE IT SHOULD START GOING UP.
APOLLO HAD TAKEN SUPPORT AT 175.IT IS FORMING A FLAG PATTERN. IF THE PRICE CROSSES 199 LEVEL, THEN NEXT TARGET IS 206. WAIT FOR THE CROSS OVER, AS CHIKU LINE IS BELOW PRICE. KEEP STOP LOSS AT 192.
THE HIGH SIDE TARGETS ARE 973 AND 996. AS THE DAY CHART IS WEAK, IT MAY DROP TO 920 TO 940 LEVELS IN THE COMING DAYS. BE CAREFUL WHILE THE PRICES HAVE REACHED THE TARGET LEVELS.
INVERTED H&S PATTERN IN THE FALLING CHANNEL. DOJI HAS APPEARED WITH BOTH OPENING & CLOSING AT 618, TODAY. DOES THIS IMPLY THE BREAKING OF THE CHANNEL AND MOVING TO HIGHER SIDE? WAIT FOR THE TRADING ABOVE 629.
NTPC APPEARS TO BE HEADING FOR 146 / 150. AS PER MY 21ST APRIL POST TARGET OF 140 IS ACHIEVED. GRAVE STONE SORT OF FORMATION IS SEEN TODAY. BUT, LOOKING AT THE TRADED VOLUME OF 2.4 CR AND DELIVERY OF NEARLY 56% IS THE PROMISING FACTOR.
MAJESCO SEEMS TO HEAD FOR 580 LVL IN THE COMING DAYS. WITH DELIVERY OF 89%, ONE CAN EXPECT MUCH MORE MAY BE. MAINTAIN STOP LOSS AT 535.
BATA INDIA IS BULLISH IN ALL FORMATS AND IS TRADING WITH HUGE VOLUMES. PRICE SHOULD REACH 1437/ 1463, IN THE COMING DAYS. KEEP A STOP LOSS (I DO NOT SEE IT'S REQUIREMENT IN BATA). GET OFF AFTER THE PROFITS ARE REALIZED AS THE DELIVERY IS 17%.
ITC BULLISH IN HOUR CHART. IN THE DAY CHART, AN INVERTED H&S PATTERN WITH A NECK LINE AT 280 IS BEING FORMED. DELIVERY - 65%. STOP LOSS - MAINTAIN AT 274.
BULLISH IN ALL FORMATS AND THE LEVELS ARE MENTIONED IN THE CHART.
DAY CHART INDICATES CLOSING PRICE ABOVE OF HIGH OF 'DOJI' FORMED ON MONDAY. AS PER MY OBSERVATION: SO NEXT RESISTANCE SHOULD BE 11880. DAY CHART HAS A SELL SIGNAL GENERATED RECENTLY. GUPPY MVG AVGS HAVE GIVEN BUY SIGNAL IN HOUR CHART. THE INDEX SHOULD GET A SUPPORT AT 11753 AND MOVE UP.
AS PER MY POST ON TORRENT POWER ON 17TH APRIL, T-1 OF 275 ACHIEVED. T-2 AT 280 MAY BE REACHED TOMORROW. BOOK PROFITS.
THE SHARE PRICE SHOULD GO UP TO 1462 ONCE 1402 IS CLEARLY CROSSED & CLOSED ABOVE. IF THE TREND LINE IS BROKEN DOWN, THEN 1326 LEVEL CAN BE SEEN. FROM THE HOUR CHART, THE SHARE APPEARS TO MOVE UP.
HOUR CHART SHOWS A SAUCER IN FORMATION. CLOSURE ABOVE 115 WILL SEE 120 & 128 PRICES. BREAKING BELOW 108 WILL MAKE THE SHARE TO SEE 102-104 AGAIN. BETTER PLACE BUY ORDERS AT 102-104 LEVELS AND A SPIKE MAY BE HAPPENING TOWARDS TOP. KEEP PROPER STOP LOSS AT 100.