BHEL: CMP 137.50 Last month, it was mentioned that BHEL chart is suggesting A buy on dips towards 133-128 zone can provide better risk::reward ratio Well the stock reversed exactly from that zone after making a low of 130.80 Going forward, the stock may gain further strength above 142... Short to medium term Target 147 / 158 SL below 128 Take care...
Interestingly on hourly charts, it can be observed that the retracement of the fall from 9698 levels to 9448 has been equally strong and bulls matched the number of bars to rise again to 9700 odd levels... It's still even Steven... No directional trade for time being...!!! Take care & safe trading...!!!
Shree Renuka Sugar CMP 15.66 On 21 June, when stock was @ Rs 13, we highlighted how chart is indicating good times for Renuka Sugar is round the corner... Well today the stock is up 20%... No one can time the market.... but when time comes you can surely make the most of it... All we need to do is... - Do our homework... - Identify key...
RCom CMP 21.40 - Trading in a sideways channel - 22.45 is an important resistance level for RCom... - Bullishness only if closing above that level... - Otherwise the stock could be heading back to 18 levels Take care and safe trading...!!!
Infy is trading in down channel currently... Do look at previous updates on Infy Take care and safe trading...!!!
Nifty CMP 9606 Sell on rise will hold true if Nifty stays below 9648 levels on closing basis... NIfty is at 61.8% Fibonacci retracement level of the fall from 9710 levels to 9448. & 9648 represents 76.4% retracement level We look to sell Nifty if it is to get resistance in this zone of 9610-9648 Take care and safe trading...!!!
GSFC CMP 119.3 Observations - 20 day EMA crossing below 50 day EMA - 122-124 important resistance level - 112-108 important support zone - below 115 Head and shoulders pattern starts getting stronger - Probability of the stock going lower increases if it takes out 112-108 levels - Target zone for the pattern 94 / 86 - View gets invalidated if stock...
If you have gone through previous post on Nifty, you will realize we have been tracking Nifty movement more from Exponential Moving Averages (EMA) point of view... Link to Previous updates on Nifty... Nifty has been giving signals of weakening of 20day EMA support which it has broken - also it was suggesting that it's time for big brother 50 day...
IOC Observations from the chart - - Made High of 404 on 7-Feb-2017 - Took that level out with a strong gap up (from 397 to 405) on 7-April-2017) - Trading below 405 after almost 3 1/2 months - Also Broken trend line now -20 day EMA & 50 day EMA crossover observed after a very long time Any rise towards 397-405 needs careful attention. Rejection at those...
How much loud and clear does one want the chart to be.... This is what we had posted on 26th June 2017 Retest of breakout zone and up again on confirmation... This is what the chart observations were indicating and that is exactly how it panned out...retest of breakout line and zoomed all the way up above 600+. We have plotted the chart on a 15 minute...
Plastiblends Cmp 593 Observations from chart: - the stock has given a breakout & has come out of ascending triangle - consolidation phase within triangle is of nearly 10 months in 1st chart - this is generally a low volume stock with occasional spikes in volume - MFI & RSI are currently in overbought zone -- in the short term, stock may retrace & test...
ONGC CMP 168 Observations - From Feb 2016 to Feb 2017 The stock has risen from 125 odd levels to 211.80 - However since then the stock is currently in down trend - Now 168.5 & 158 represents 50% retracement & 61.8% retracement of the rise from 125 odd levels to 211.80 respectively If this zone holds as support then that could be early signs of reversal ...
ONGC On 13 June when ONGC was at 168, it was suggested that - the stock is currently in down trend & Closer to 158-162 will be worth accumulating from risk:reward ratio perspective Link to previous analysis For last 2 days the stock has defended 158 on closing basis & Candlestick pattern at important support level suggests reversal is round the...
Nifty CMP 9593 Since the start of the year 2017, 20 day EMA (currently at 9573) has acted as support for Nifty extremely well. However in the last 2 occassions Nifty has breached 20 day EMA and recovered. And this is the 3rd time... Imagine you are hitting a wall with a hammer... The wall may not break on the first attempt... even on the 2nd attempt......
Greetings of the day...!!! Sharing one case where we almost paid the penalty of not listening to chart... Some days earlier we recommended a short in idea around 78 for targets of 76 and 74 Things were going good and our 1st target was achieved within hours.... Booking partial profits when target 1 was achieved was good but there after... There were some...
IRB Infra CMP 228 Observation - Story between Jan 2014 to June 2014 The lyrics of the song Highway Star by Deep Purple sums it up perfectly... Nobody gonna take my car I'm gonna race it to the ground Nobody gonna beat my car It's gonna break the speed of sound Oooh it's a killing machine It's got everything Like a driving power big fat tires And everything I...
The stock is on the verge of breaking down... Once breakdown confirmed target zone 247-243 Take care and safe trading...!!!
Nifty CMP 9685 Is this the real life? Is this just fantasy? Caught in a landslide, No escape from reality Open your eyes... Many small caps are up 5-15% today.... Is this a realty or just an illusion that all is well... Should one jump in now or is it time to book profits...??? Volatility index reading of 10.73 is the only thing that's supporting the...