mklives

mklives Updated 

ICICI PRU has had a stellar move and has made a new intraday life high on daily charts it is overstretched. time for some corrections. it has been moving in a channel and always corrects to 20 dma on daily charts before it moves up again short with SL of fridays highs for target 486 480. might get a deeper correction also

mklives

ICICI prudential after a superb run up, tested it previous highs it is currently stretched on daily charts. can see some minor corrections to 480 zones it tends to correct to 20 dma before it moves up again trade accordingly.

mklives

ICICI BANK has been one of the most resilient banking stocks. on weekly charts it is heading to important resistance zone where trendlines converge around the 500 area

mklives Updated 

Siemens after a non stop rally, has formed a inverted hammer . tomorrows candle will be important to see whether this is a temporary halt and a correction is possible risky shorts can be done on rise with SL as todays highs

mklives

Berger Paints,, after a scorching rally has formed a bearish engufling pattern on daily charts.. big red candle can be a tough nut to crack on upside.. expect a correction to 470450. sell on rebounds..

mklives Updated 

Berger Paints gave a stellar moveand is now tired at 480s. forming negative divergence, short wil SL 488 cash orice, the futures price is at a discount to the cash price, so trade accordingly trgts 470 462 cash levels

mklives

MGL has formed weekly triple bottom. and has crossed weekly cloud and also falling trendline making it bullish buy on dips to 930 900 SL below 880 targets 1060 1160

mklives Updated 

BPCL on short term looks like it is getting over stretched it is near important resistances as shown. trendline resistance and .718 retracement from its life highs. 20 dma is way far away. upside will be capped. will be a good short fot october series.

mklives Updated 

PVR had a stellar move from 1550s to 1900 , now needs to cool off. formed a red doji at the top. sell with a SL of 1900 , targets 1833 1800 Note: this is just my personal opinion, Please do due diligence before trading. am not responsible for your losses

mklives Updated 

Asian Paints price is contracting with in a triangle after a big rally. but the rsi is coming down, and the price is still away form 20 dma. the doji on heikin ashi formed today is critical. if it closes above the high of today, buy. targets 1800 if it closes below the low of today. sell..for tgts 1730 1700 i am expecting it to break down from the triangle...

mklives Updated 

INDIGO has been a stunning out performer. it has hit a weekly and monthly resistance. and also has moved away from its 20 dma.it can retrace back to 20 dma with time. it is a very unpredictable stock, plan your trades accordingly..

mklives Updated 

Jubilant Food moved up pretty fast after nifty's mega move. todays red candle doji signals a possible trend change for the short term short october series at cmp or on rise for target of 1400 1380 . SL 1480

mklives

Asian paints went up strong from 1550 to1800. and also up 40% from its base of 1300 fro the current move started. price is way away from even 20 dma. its time to cool down with a first target of 1700 Sl 1780 can test 1680 also.

mklives Updated 

Nifty after a 1000 point rally has a hit an importance zone maked by the two bluelines consider the rally which was quick and vertical in the short term, i dont think can cross the resistance zone at one go. and there is a gap at 11380 and 11480 levels can retest 11480. as long as the gap is defended the resistance zone marked will be crossed with time and a new...

mklives

Reliance Industries has hit resistance where 200 50 and 20 dma are converging and formed a bearish closing short with todays high as stop loss and trgt 1160 1170

mklives

INDIGO has been on its own flight path up with occasional massive or 2 corrections. thought the stock has hit 52 week and all time high, 1750 1760 seems to be major resistance zone as shown. would advice longs to be careful.

mklives Updated 

buy sbi at cmp for target of 280 SL 268

mklives Updated 

HDFC is downtrending in a channel. its breaking trendlines. only suport now is 200 dma and recently formed low