Lupin: CMP 840.80 Must watch stock on your list... Rounding bottom formation observed... Momentum will come above 860 Target: 882 / 916 Stop loss at 823 closing basis Take care & safe trading...!!!
Mahanagar Gas Ltd CMP 1094 Last time we covered the stock at 1120 levels for target of 1220 Link to previous post It over exceeded our target and went to 1345 level... However the stock went out of gas there and fell straight from 1345 to 1060 odd levels... which provides good support. Since listing it's also the first time when the stock has corrected...
Tata Power CMP 90.90 On charts we observe a Cup & Handle formation.... sustaining above 94.50 will add further strength to power towards 106 and possibly towards 133 in medium term.... Look to add on dips around 88-84 zone with a stop loss at 76... Take care & safe trading...!!!
Adani Power CMP 34.25 The story of Adani Power is no different from Rpower... trading near all time lows... all while Nifty index is at all time highs However, there are some positive signs on the chart that draws attention... - we observe higher bottom higher tops on daily charts - meaningful crossover of 20 day EMA above 50 day EMA - recovery seen from...
NIFTY CMP 10316 Moody's rating agency has upgraded India ratings... Will it turn out to be sell on good news... Going below 10300 can add to selling pressure. Today's high can be taken as Stop loss Take care and safe trading
Asian Paints Closing Price 1179.55 Look to sell closer to dotted trend line resistance around 1203 or Below 1175 Stock may fall to 1141 and below that 1105 levels Strong resistance around 1230 odd levels Take care & safe trading...!!!
Amara Raja Batteries Whats the story...morning glory... Every chart has its own story... Yesterday we highlighted that the stock is at important resistance levels and today despite overall markets doing OK, the stock opened in the green and fell from the resistance levels and achieved it's target on the lower side... capturing more than 5% in morning...
Amara Raja Batteries (Price 821) Last time we were able to get the stock when the battery was down and made the most of it when it powered up... Link to previous update Now Charts are suggesting the stock to be at important resistance levels... Will it get rejected here...??? Resistance zone : 820-835 On the lower side one may look for levels of 788...
Bank Nifty Closing price: 25284 Why so much of importance Lets look at the charts - Bank NIfty currently is at important support line - 20 hr EMA at 25347 - 50 hr EMA at 25346 - 20 hr EMA on the verge of crossing below 50 Hr EMA (which if happens meaningfully could mean more bearish move ahead) We have seen the crossover effect in Nifty... will it be...
Nifty view We have been cautious on Nifty since 10451 levels... Now we have been closely monitoring behavior of Nifty trade at 20 day EMA and so far on expected lines has been giving it's due respect... Now heading into the weekly close its the 3rd day of battle near 10280 A decisive close below 10280 and Bears will try to take it down to 10160 odd levels A...
Jet Airways CMP 670 Last time when the stock was at 522 we suggested Jet Airways having the potential to fly higher...Well it just SKYROCKETED... Now can we expect the stock to take a ground landing .. 630 / 600 are potential levels to look out for... Channel resistance at 696 /700 levels Take care & safe landing...(safe trading i mean)
Amara Raja batteries CMP 753 The stock recommended at 690 is very near its target of 760 Link to Previous update We cannot time the market but when time comes one surely can make the most of it... Consider booking profits... Enjoy & happy week end...!!!
Nifty CMP 10345 Cross-over observed around 10351 Target 10280 / 10160 initially Stop loss if goes closing 10380 Safe trading...!!!
LUPIN CMP 865 The stock took a beating of 17% odd yesterday on USFDA warning letter for its 2 plants which contribute over 50% of sales to US and around 20% revenue in total... Will the stock fall even more or Is the worst over...??? Lets try to see what the chart is saying... - The chart is falling from the highs of 2129 made in Oct 2015 - trading in a...
BHEL CMP 90.30 Results are bad and stock has seen some beating... but will it fall further... or we have heard of sell on good news... can this be a buy on bad news and will it rise against the odds...??? Lets see what the chart is saying... - we observe 20 day EMA recently crossed over 50 day EMA giving some strength - Currently 20 day EMA is at 92.2 & 50...
Observations from the chart - WTI Crude trading in up trend channel since last 1 month - 20 day EMA crossover above 50 day EMA and 200 day EMA - 50 day EMA crossover above 200 day EMA Based on the observations we feel: WTI Crude to be in positive territory & If channel trade is to continue there seems to be good opportunity to go long for target of 54-55...
Sun Pharma Last time when stock was at 482, we were not very confident for a big move past 505. The stock made a high of 509, came down till 466 and is now back at 483 levels. How ever this time the chart looks much better. After the stock made a low of 432 on 14-Aug-2017, the stock has now given higher top (490---499---509) :: higher bottom (432--459...
SBIN CMP 316 Link to previous post The stock has jumped big time from 3-4 trading sessions back 250 odd levels to 320 odd levels - the stock has touched upper end of trend line and has stepped down signalling it to act as resistance - 305-312 is important level for SBI on the lower side Given the set up one may consider Short Strangle strategy for...