mklives

mklives Updated 

TITAN..still inside a channel. thought weakening. if it breaks the channel can test 20 weekly MA keep a watch

mklives

Manappuram at critical support..and at 50 dma.. break below takes it to 100 dma.. any break below can signal a top at 140s.. can test 122. sell on rise..

mklives Updated 

Bajaj Finserv..rising in a channel in between two trendlines.. forming a similar 1 2 3 pattern in the process of negative divergence. one of the strongest stocks in the market.. at a trendline support,, showing signs of slowing down..

mklives

BPCL has broken weekly trendlines and is current sitting on its 50 weekly MA. Break below the 50 weekly can continue the downtrend..

mklives Updated 

Bajaj finance faced stiff resistance as suggested in the last post. will be a sell on rise.. considering previous behaviours at trendline of rsi, a big sell off is not ruled out

mklives

SBI is currently holding trneline support. but has fallen from the high forming a triple divergence. break of immediate trendline can trigger a fall lower to the trendline below ..

mklives

MIDCAP index faced stiff resistance on weekly cloud, weekly trendline, and also weekly 50 dma.. looks weak.. and there is no pick up in earnings of the midcap.. be cautious if you are investing..

mklives Updated 

Bajaj finance, the strongest stock in my books might be reaching its climax soon facing strong resistance at its long term trendlines..

mklives

As posted before about divergence and RSI clues..nifty tanked today after budget with RSI making lower high.. todays high is crucial.. mondays candle will confirm whether todays resistance is a short term top...

mklives

Nifty on Monthly charts is heading into some resistances in the coming months also seen is negative divergence.. interesting times to come..

mklives

NIFTY RSI is making lower on Daily charts.. something to watch out for

mklives Updated 

TCS closed below 20 dma. the strength of rupee will weigh on IT stocks in the coming days. SHort it on rebound with SL of todays high. target 2200 2175

mklives

BANK nifty made a short term toppish candle on thrusday and follwed it with a bearish candle today.. its inside a triangle now. either side break can give a trend..

mklives

Reliance got rejected at 100 dma and also at cloud resistance. likely to test 200 dma.. dma crossovers of 20 over 100 has happened... looks like relaince will go sideways for sometime will 100 dma as resistance.

mklives

Nifty has formed u can an evening star type pattern on daily charts. below the green candle on the left, it can correct with a short term top formed yday.

mklives

Sunpharma forms positive divergence. Has trendline resistance and cloud resistance around 415 to 420..

mklives

Siemens has formed negative divergence making a higher high and has broken a critical trendline support. to make a higher low.. it must correct from here. RSI is dropping and the stock is weakening.

mklives

UPL has retraced 50% of its fall form the top? can it go higher? if the higher .. good to short for a correction after the rebound is over