indiamarketoutlook

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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 ...

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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...

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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......

indiamarketoutlook

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...

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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...

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The stock is on the verge of breaking down... Once breakdown confirmed target zone 247-243 Take care and safe trading...!!!

indiamarketoutlook Updated 

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...

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Call me what you will But I'll take my time anywhere Free to speak my mind anywhere And I'll redefine anywhere Anywhere I may roam The stock is struggling in the zone of 282-292 for almost a month now.. And still no clear signal where it may go... I'm waiting for some signals to trade in SBI May be Above 292.50 or near 282 will look to review and enter this...

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...I saw ur face in a crowded place.... One of my personal favorites from long term investment point of view Even from Fundamental perspective the stock has a great story... - Railway tickets are getting costlier - Fuel cost is under control That augurs well for the airline sector and Spicejet has positioned itself well to take advantage of the current...

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HDIL CMP 88.40 The stock has seen some correction from 94 odd levels Holding 89-87 zone (buy zone) the stock can again aim higher for targets of 93 and above that 100+ A close below 84.80 on closing basis should be considered as Stop loss Do review your trading plan and plan your trade accordingly...!!! Take care & safe trading...!!!

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Shree Renuka Sugars CMP 13 Stock is giving signs of reversal from important support level... Sustaining above 13.2 can add momemtum and take the stock to 14.35 in short term The stock looks good for accumulation from long term perspective also Do review your trading plan and plan your trade accordingly... Take care & safe trading...!!!

indiamarketoutlook Updated 

BHEL: CMP 138 Observations - From the highs of 182.75 the stock has seen a steep fall to 133.60 odd levels - the stock is consolidating for the last few trading sessions since then - 142 - 132 represents 61.8% and 76.4% retracement level of the rise from 116 to 182 - Do note: No confirmation of any reversal so far from chart...Do not rush to trade... - a...

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Idea CMP 78 Observations - The chart is a 15 min observation of the stock - the stock is in downtrend channel - & that the stock has reached trendline resistance zone at the upper end of the channel - 50min EMA (currently at 77.80) has acted as resistance in the recent past - 20 min EMA is at 77.30 - Below 20 min EMA the stock may fall up to 74.50 where...

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Siemens CMP 1336.90 Observations from chart - made triple top around 1400 levels, - stock is on the brink of breaking multiple blue support lines - if broken probability of stock to fall increases - target green zone between 1254-1200 for the current set up... - on the upside a move towards yellow line (1362 level) should be taken as next review...

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INFY CMP 955 Just an observational view so far.... Confirmation will come only below 900 There is a Minor support around 933-940 zone & Above 965 the stock can rise to 979-988 or even 1000 odd levels However from current levels Target zone comes around 800 Stop loss tad above 1000 /1020 Risk: Reward ratio: 50::150 i.e 1::3 This is a positional...

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Rel Cap CMP 600.25 The stock has seen a nice bounce from the lows of 523 to 605 so far How ever We can also observe a Flag & Pole pattern & this is a conitnuation pattern where Weakness might come in if it goes below 584 Also from charts one can observe that 600-622 is an important zone to watch out for as it might act as resistance Target zone in that...

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The stock just rebounded from strong Technical support in the zone of 480-510.

indiamarketoutlook Updated 

.....but when time comes, you will certainly make the most of it...:-) That's the advantage of interacting with charts directly... Identify levels...when they come be in a clear decision making mind frame to act...reap the benefits of listening to charts directly The stock has crossed our 1st target of 625 & in the process has also taken out 50 day EMA in...