mklives

mklives

ASIAN paints is placed inside a triangle.. considering the weakness of nifty, it can break down frm the triangle..

mklives

Nifty is within a triangle forming negative divergence, break above or below triangle can provide a trend.. 11975 12000 is reistance zone

mklives Updated 

NESTLE after a non sop rally ha formed dark cloud cover pattern on dialy charts.. also forming negative divergence in 4 hr candlestick chart with todays high as SL would be a good short for targets 11372 11200

mklives Updated 

ABBOTT has gone through sideways consolidaiton for around a year and it starting to move up. A psychological target of 10000 can be achieved.. buy on dips to 8000 or 7600 (200 dma) if it comes..

mklives

HDFC big boy is forming divergence on 4hr candle time frame..might go sideways before a dip..

mklives

DABUR is at improtant zone,, trendline resistance. 100 dma resistance . support from the trendline of the current move and formed a daily toppish candle.. also formed negative divergnce on 4 hr candle chart pattern any move above todays high can test 200 dma at 420 lot of resistances overhead.. 100 and 200 dma..tomorrows candle is important

mklives

SBI just ahead of the RBI meet is at the tip of the triangle..breakout or breakdown will decide short term trend..

mklives

SIEMENS is nearing an important resitance and is hanging above trnedlines convergence supports.. with rsi dropping.. any upmove to resitance can be shorted

mklives

INDIGO has formed negative divergence at the top around 1700 zone and unable to sustain and also broken trendline in short term charts with 20 dma at 1580 which is far away from CMP, Expecting a correction to the blue dashed lines refer to chart

mklives

BANK NIFTY showing negative divergence ahead of RBI meet on thrusday...

mklives

SBI has formed negative divergence in 4hr candlestick chart it has moved up fast from levels of 300 but losing momentum in the short term can be shorted with SL of 365

mklives

SRF had formed a double top on Daily charts around 2960 2980. previous occasions it had formed double tops. it has gone through a big correction something to watch out for..

mklives

Reliance Industries unlike the banks didnt have follow up buying after the election day corrections its close below 50 and 20 dma.. and 20 dma has a negative crossover on the 50 dma, looks like it will 100 dma and also fill the gap

mklives

Bata is a sell at CMP or rebound 1350 1360 with SL 1380 target 1300 1270. looks like it run for now is over.. results are also out.. and even yoy was good , qoq was down. the stock didnt move up.

mklives Updated 

GRASIM has closed just below the long term downward trendline..above 920 it can zoom to 970 and 1000 in real quick time.. RSI is rising which can aid the upmove... Nifty is holding in higher levels which is a +ve sign.

mklives

Pidilite has held its trendline .. looks bullish..buy on dips to 1200 as long as it holds the trendline it will keep going up..

mklives

INDIGO trapped in the triangle.. either side of trendline move can give a trade..

mklives

Titan after moving after non stop from 1080 to 1240s is having resistance around 1260 to 1300 mark.. looks like a tough resitance to cross in the forst go considering it has already rallied non stop from 1080 if results of elections are favorable for market and we get a spike to 1300 or above.. it would become stretched on daily chart.