mklives

mklives Updated 

Nifty has been taking support on its short term trendline and and has been rising with choppy movements.. as long as it obeys the trendline expect nifty to go up in a zig zag manner..

mklives Updated 

Nifty got rejected at 200 dma and also 2 important trendlines and fell sharply today. until nifty is able to cross the trendline marked, it will be weak and trending lower.

mklives

SBI is formng a triple positive divergence.. might rebound... shorts be cuatious..

mklives

ASAIN PAINTS after a good break out post results is forming a resi wedge and looks stretched for the short term.. expecting a correction to 1550 , 1525. to start off and possibly a deeper correction to 1500 down the line..

mklives

SBI.. after a stepp fall and then again a battering for results has fallen without much of a rebound. now nearing long term support and is also highly oversold. 265 to 275 looks like a good support for a rebound from the oversold zone. for a 5 to 10% move can just be a good bet maybe from next week.

mklives

S and P is forming a rising wedge at the highs.. not a good sign. the break down can be quick if and when it decides to break..

mklives Updated 

Reliance has been one of the biggest drags on nifty in the correction. has been on a free fall for a while, in turn entering oversold zones on daily chart. whenever rsi hits 20 21 it has given a bounce. right now around 23 on daily chart. having said that it can stay in the oversold zone and go lower. weekly 100 mov avg support is 1086 . 1086 to 1065 seems to be...

mklives Updated 

INDIGO.. closed with a big red candle just below the 100 dma/ the 20 dma has crossed below the 100 dma already. RSI showing big divergence. the sharp move from 1300s looks like more pullback. any rebounds can be used t short he stock for bigger downside.. for target of 1400

mklives

RELIANCE has formed a bullish engulfing candle today at close. although it is very weak and maybe only a halt in the down move.. tomorrows candle given an idea of the short term whether its rebound or just a one off day from oversold levels. stock broke through 200 dma with no resistance and currently tested an important weekly daily support. stock which breaks...

mklives

ICICI bank looks like its rally is over consider its historical movement. its one stock which hasnt broken down yet. but the market usually doesnt spare any stock especially when other banks are falling like knives.

mklives Updated 

HDFCBANK is at life time ascending trendline support on monthly charts. also formed you can evening star pattern last month followed by big red candle to finish of July

mklives

NIFTY is in a channel and either side move outside the channel can give a short term trend..

mklives

TITAN after a collapse from highs never recovered and rather went sideways in a box and currently at the lower end of the box and looking weak.. break below the marked trendline can trigger a sell off.. Results on Aug 6th,, trade accordingly..

mklives

BERGER PAINTS to test it highs and can be shorted at highs for a corrective pullback. short at 345 350 zone fo 332 target

mklives

TATA MOTORS might crash to 100 or even lower, please avoid entering for investment purpose. fundamentals are very weak, auto sector is weak as hell.. stop believing analysts who bring our reports to buy and hold for 2 to 3 yrs. better to wait and enter lower levels..better wait ..

mklives Updated 

GRASIM has broken its rising trendline from feb 2019 to july 2019 it has support around its 100 and 200 dma. but looking at its multiple failure around 930s zone to cross it expecting a break down to 840 to 800 sometime short on bounce to 900 zone with stop at 920 also on it weekly timefrme its at convergence of 20 50 and 200 weekly moving avgs and is currently...

mklives Updated 

Nifty has formed maybe a short term double bottom with rsi positive divergence .. can test 11400 11450

mklives

ASIAN PAINTS is a strong move from 1300 levels non stop. Bulls are killing the bears for now thanks to the drop in oil prices most probably it is heading to a strong resistance of trendline convergence at 1550 levels. wait for rsi to turn and trend downwards and look for divergence for the corrrective move,, look to short around 1550 or any move above 1550 for...